Regional News

Oman has announced that the country’s largest solar power plant, Ibri II – that can power up to 33,000 homes and remove 340,000 tonnes per annum of carbon dioxide emissions from the sultanate’s footprint – is slated to start operations by the mid-2021.

Fluor Corporation announced that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully achieved final provisional turnover of the facilities for Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Package 2 (MAB2) Clean Fuels Project in southern Kuwait.

A Sharp fall in oil prices and the impact of Covid-19 has resulted in the capital projects and infrastructure industry in the Middle East navigating a perilous market landscape, forcing many projects to either be cancelled or temporarily placed on hold, according to top advisory and tax services consultant PwC.

Bahrain’s Works, Municipalities Affairs and Urban Planning Ministry said steady progress was being made on the iconic Water Garden development coming up in the kingdom, with Phase Two work on track.

Oman’s Public Establishment for Industrial Estates (Madayn) and its investment arm Shumookh Investment and Services have signed a cooperation agreement with Advanced Universal Tech to establish Oman Nano City in Sur Industrial City.

THE GCC’s construction market is showing early signs of recovery with projects worth $30.7 billion achieving construction completion in July and $11.6 billion worth of new projects being announced, according to a report by BNC Projects. The GCC construction market is estimated at $2.