Regional News

Work is in full swing at Sa’ada, a premium waterfront project being developed by Bahrain Real Estate Investment Company (Edamah) in the Muharraq area of the kingdom, at an investment of BD45 million ($119 million).

Facilio, a leading US facilities management technology start-up, said it has already established a strong foothold in Dubai and Abu Dhabi across Internet of Things (IoT) and Artificial Intelligence (AI)-driven applications designed to unify building performance in real-time, within its first year of operations in the Middle East.

Al Mazaya Holding, a leading real estate developer in Kuwait, said Phase One of its modern, integrated lifestyle project, Mazaya Residence, in the heart of Muscat, Oman, had been completed within a record time and was now ready for handover to its owners. The project comprises 120 apartments units and 28 retail outlets.

A consortium of three contracting companies – WTE Water Technology, Azmeel Contracting Company and Tekton Engineering and Construction – has been awarded the deal for the expansion of Tubli Wastewater Treatment Plant in Bahrain. This is the fourth expansion process since the plant was launched in the early 1980s.

Egyptian Electricity Holding Company (EEHC) has selected Siemens to operate and maintain the world’s largest combined-cycle power plants in the country.

Dynapac Compaction Equipment has launched [email protected], a tool that allows customers to monitor and control their machine fleet efficiently and conveniently. This intelligent telematics system offers many possibilities to optimise fleet usage, reduce maintenance cost and save time and money, according to a company spokesman.

A new bridge linking Arad and Hidd and a second bridge linking the Muharraq jetty with Prince Khalifa Bin Salman Bridge in Hidd are expected to be built in Bahrain in the next five years.

Besix, the largest Belgian construction company operating in the Middle East, said it has completed the design and construction of the Bahrain LNG (liquefied natural gas) Import Terminal, located offshore Muharraq Island in Bahrain.

GIB Capital, the investment banking arm of Gulf International Bank (GIB), said it had acted as the financial advisor to Al Tala’a International Transportation Company (Al Tala’a or Hanco) on the SR930-million ($253 million) sale of Byrne Equipment Rental to Itqan Investments and Tamar VPower Energy Fund.

Kuwait is in the process of awarding six tenders to execute projects related to works at Mubarak Port by 2021, said a report.

Bahrain-based Arabian Gulf University (AGU) has invited bids from leading companies for the construction of a multi-million-dollar medical city in the kingdom.

Swedish home furnishing giant IKEA has joined hands with Saudi-based Ghassan Ahmed Al Sulaiman Furniture Trading Company to open doors to the group’s largest store in the Middle East and North Africa (Mena) region in Bahrain offering more than 8,500 home furnishing products under one roof over a 37,000-sq-m retail area.

Bentley Systems, a leading global provider of comprehensive software solutions for advancing infrastructure, has announced one infrastructure project in Oman as a finalist in Bentley’s Year in Infrastructure 2018 Awards programme.