Regional News

Bahrain Marina Development Company, a wholly-owned subsidiary of the Social Insurance Organization (SIO), has appointed Hong Kong-based Shangri-La Hotels and Resorts as Bahrain Marina’s hotel operators, which is scheduled to open by 2022.

Work is moving at a fast pace at Saada West Project, a BD45-million ($119 million) waterfront development in the Muharraq area of Bahrain, with the reclamation work fully completed, said a report.

Egypt is set to invest a total of E£55 billion ($3.1 billion) on the revamp of the national railway network over the next five years, including the addition of 1,000 new train cars, reported Al Ahram news website, citing the country’s transport minister.

Istanbul New Airport (INA), a giant aviation complex being built by Turkey on the outskirts of the capital city at a cost of nearly €10 billion ($12.3 billion), is now 80 per cent complete and on target to open on October 29 this year.

Manitowoc Company, a leading global manufacturer of cranes and lifting solutions, has awarded the ‘Excellence in Operations and Marketing’ award to its Abu Dhabi-based distribution partner NFT.

Oman Power and Water Procurement Company (OPWP) has awarded a RO60-million ($155 million) contract to a consortium led by Saudi-based Acwa Power for developing the sultanate’s first independent water desalination (IWP) procurement in the governorate of Dhofar.

Bahrain has unveiled the country’s first ‘solar home,’ which is connected to the government’s electricity network through a net metering system.

The Middle East and North Africa (Mena) region has already committed $345 billion to critical energy projects under execution while an additional $574 billion worth of development is planned over the next five years, bringing total committed and planned investments up to $919 billion to meet growing demand and demographic and urban expansions, acco

Qatar Rail has completed 77 per cent of the work on its ambitious Doha Metro Project and is on track for the launch of Phase One Red Line on October 31, reported The Peninsula, citing a top official.

Oman is planning to invite bids this month for the construction of an undersea natural gas pipeline between Sohar and its neighbour Iran, said a report citing the sultanate’s oil minister.

Work is under way on Hollywood-concept residences at Bahrain’s Waterbay West, a development initiated by Bin Faqeeh in cooperation with Paramount Residences.

Smart cities are anticipated to create huge business opportunities with a market value of over $2 trillion by 2025, according to experts at Frost & Sullivan. By 2050, over 80 per cent of the population in developed countries is expected to live in cities. This number is expected to be over 60 per cent for the developing world.

Kuwait-based Jassim Transport & Stevedoring Company (JTC) has placed an order for six new Demag all-terrain cranes from Terex, a global manufacturer of lifting and material processing products. The list includes one AC 100-4 model, three AC 130-5 units and two AC 160-5 models.

Qatar-based United Development Company (UDC) has launched a new 400,000-sq-m luxury project, Gewan Island, which will feature residential units, entertainment facilities, retail outlets, restaurants and cafes within a vibrant, modern and integrated community.

JACC wins Index design award Kuwait’s Sheikh Jaber Al Ahmad Cultural Centre (JACC) has been named the Best Cultural Design Project at the Index Architecture & Design Awards 2018 (IADAs) held in Dubai recently. Index is internationally respected as the largest design-oriented trade show in the Middle East.

Grohe, a leading provider of sanitary fittings, recently toured Bahrain, giving tradesmen and installers insights on the latest technologies, trends, and its product innovations.

Kuwait government has awarded a major operation and mangement contract to Korea’s Incheon International Airport Corporation (IIAC) for its new Terminal Four (T4), reported state news agency Kuna.