Regional News

Kuwait Oil Company (KOC) is set to float the final tender  this month (February) for a  KD150-million ($493 million) gas pipeline planned mainly for transportation of natural gas from North Kuwait to its refinery in Mina Ahmadi, said a report.

Eagle Hills Diyar, the developer behind the iconic Marassi Al Bahrain development, has broken ground on its Marassi Galleria, a 200,000-sq-m shopping and entertainment destination which offers a range of entertainment facilities.

Hyundai Engineering & Construction (Hyundai E&C) will complete the world’s longest bridge in Kuwait this year. It is building the Sheikh Jaber Causeway that connects Kuwait City to Subiya New Town across Kuwait Bay. The total length of the bridge is 48.53 km, including the 36.1-km-long main bridge and the 12.

Dredging and reclamation work on a new BD94-million ($248 million) bridge in Bahrain linking Muharraq and Manama has started. The 550-m bridge, which is the fourth of its kind between the two cities, is an extension of the 7.8-km-long North Muharraq Highway project, which also includes the 4.2-km-long Muharraq Ring Road.

Global technology giant Siemens said it has secured a contract from the Oman government for the supply of gas and steam turbines, long-term power generation services and digital solutions at its Duqm integrated power and water project (DIPWP). The total order volume of the contract is around €200 million ($228.

Al Dur Power & Water Company, the largest power generation and water desalination firm in Bahrain, has announced the successful closure of a $1.3-billion refinancing facility provided by a syndicate of 20  local, regional and international banks.

Terex Corporation, a global manufacturer of lifting and material processing products, has launched new seasonal financing solutions for customers of its global brand Genie in the Europe, Middle East, Africa and Russia region (Emear).

Salwa Amin Interiors, which introduced paints from the US-based Benjamin Moore in Bahrain last year, reports that it has received outstanding response to these zero-VOC (volatile organic compounds) products. “Benjamin Moore’s paints go beyond just being green,” says Rashid Al Amin, managing director.

Bahrain is set to become a global leader in the field of ecotourism as it plans to open the world’s largest underwater theme park, said a report.

UD Trucks said it has a knack for building vehicles that suit the Middle East customer and its recent sales figures back those claims. The Japanese manufacturer registered a nine per cent increase in sales across the Middle East, East and North Africa (Meena) region in 2018.

Work on the $4.2 billion Bapco Modernisation Programme (BMP) began last month with a ground-breaking ceremony in Sitra, Bahrain.

Kuwait’s Ministry of Housing and Public Works has announced that a total of 6,000 new residential units will be ready for delivery to the eligible citizens by April this year.