US Contractor signs $343.3 million deal with Kuwait to construct new Amiri Hospital Tower.

US Contractor signs $343.3 million deal with Kuwait to construct new Amiri Hospital Tower.

  Kuwait’s Ministry of Health has signed a contract with the US-based Integrated Service Company (ISCO) for the construction of the Amiri Hospital Tower at a cost of $343.3m.  The scope of the contract covers the construction, maintenance and provision of medical equipment on the tower project. Dr. Mohammad Al-Haifi, minister of health, said during … Continue reading »

ETISALAT CONSTRUCTS NEW INTERCONTINENTAL FIBRE OPTIC CABLE

ETISALAT CONSTRUCTS NEW INTERCONTINENTAL FIBRE OPTIC CABLE

Etisalat, yesterday announced its strategic partnership in the construction of the Bay of Bengal (BBG) submarine fibre optic cable along with industry leaders to enhance intercontinental connectivity and diversity for UAE and the region.  Other telecom majors involved with etisalat are Telekom Malaysia Berhad (Malaysia), Vodafone Group (UK), Omantel (Oman), Reliance Jio Infocomm Limited (India) … Continue reading »

Fire breaks out at Marriott Hotel in Jeddah, 300 guests evacuated.

Fire breaks out at Marriott Hotel in Jeddah, 300 guests evacuated.

Around 300 guests were evacuated from a Marriott Hotel in Jeddah following the outbreak of a blaze on the second floor of the building.The hotel’s fire alarm system reportedly worked well and aided firefighters in the evacuation process, according to Col. Saeed Sarhan, a spokesman from Saudi Civil Defence. Sarhan said the fire started inside … Continue reading »

Kuwait Airways plans $3 bln deal with AIRBUS to order 25 new jets.

Kuwait Airways plans $3 bln deal with AIRBUS to order 25 new jets.

Kuwait Airways Co. will order 25 planes from Airbus SAS in a $2.98 billion deal.According to the media news, the state-run airline aims to upgrade its aging fleet by purchasing 10 new wide-bodied A350-900 planes and 15 of the slimmer A320neo jets from Airbus, the commercial division of European Aeronautic Defence and Space Company NV … Continue reading »

Indian companies, GCC banks hit by cyber heist crime.

Indian companies, GCC banks hit by cyber heist crime.

The US authorities have revealed that two companies with major operations in India and GCC banks were targeted by a cell of global cyber criminals. EnStage Inc and ElectraCard Services are the two companies which were affected by the USD 45 million theft. According to US prosecutors, hackers broke into the two card processing companies, raised the … Continue reading »

Dow confirms receipt of $2.2bn payout by Kuwait.

Dow confirms receipt of $2.2bn payout by Kuwait.

  Dow Chemical Company has announced the successful resolution of its arbitration over the failed joint venture, K-Dow, with Petrochemical Industries Company of Kuwait (PIC), and confirmed that it has received a direct cash payment of $2.2bn. The payment reflects the full damages awarded by the International Chamber of Commerce, as well as recovery of … Continue reading »

Kuwait’s Specialised  Industries Exhibition will start on 27 May,2013.

Kuwait’s Specialised Industries Exhibition will start on 27 May,2013.

  The Kuwait Industries Exhibition gathers subcontracting technical expertise and services for the processing of metals, plastics, electronics and electricity. The exhibition offers industry professionals solutions that meet their requirements from the subcontracting of capacity to the complete industrialization of products involving the latest technologies.   Products & Services: Metal processing Plastics/rubber/composite processing Tooling Fitting … Continue reading »

Kuwait Gulf Oil & Saudi Arabian Chevron(SAC) sign EPC deal for MGC ‘refurbishment’

Kuwait Gulf Oil & Saudi Arabian Chevron(SAC) sign EPC deal for MGC ‘refurbishment’

Kuwait Gulf Oil Company (KGOC) and Saudi Arabian Chevron (SAC) signed an EPC contract for the refurbishment of the Wafra Main Gather Center (MGC) at Hilton Resorts Tuesday. The partitioned zone in Wafra, shared between Saudi Arabia and Kuwait, contains light and heavy oil production, processing, storage and shipping facilities. Oil is gathered through flow … Continue reading »

Turkey signs $22bn deal for nuclear power station with Japanese-French consortium.

Turkey signs $22bn deal for nuclear power station with Japanese-French consortium.

  Turkey has confirmed the signing of a $22bn deal with Mitsubishi Heavy Industries(Japan) and Areva (French)for the construction of the country’s second nuclear power plant. The plant, planned to have four reactors with a total output of around 4.5GW, is set to be sited in Sinop province on the Black Sea coast. Reports of … Continue reading »

Construction of China’s world tallest building ” SKY CITY” is yet not started.

Construction of China’s world tallest building ” SKY CITY” is yet not started.

  The sky city is an urban engineering concept that essentially consists of building a single super structure that could literally house an entire city. Homes, workplaces, stores, schools, and recreation areas would all be in the same colossal building. The idea is seen as a way of dealing with population density issues in various places in … Continue reading »

Tender to be issued for new Abha airport Saudi Arabia.

Tender to be issued for new Abha airport Saudi Arabia.

    Designs for a new airport at Abha in Saudi Arabia’s Asir province have been completed and a tender for the project is expected to be floated by the country’s General Authority for Civil Aviation soon. The new airport will feature a passenger terminal that will accommodate up to five million passengers a year, … Continue reading »

Mott MacDonald awarded five year contract by Al Khafji Joint Operations Company

Mott MacDonald awarded five year contract by Al Khafji Joint Operations Company

Mott MacDonald has been awarded a five year engineering services consultancy contract by Al Khafji Joint Operations of Saudi Arabia covering the maintenance and development of the 40 year old Khafji oil field. In addition to production facilities, the field has shipping, offices, housing and other facilities. Under the contract, Mott MacDonald will provide feasibility … Continue reading »

Jumeirah’s first Kuwait hotel to open on May 7,2013.

Jumeirah’s first Kuwait hotel to open on May 7,2013.

  Dubai-based Jumeirah Group has announced that its first hotel in the Gulf region outside the UAE will have a soft opening next month.The Jumeirah Messilah Beach Hotel and Spa,Kuwait  will open to guests on May 7, the hotel operator said in a statement. Jumeirah said the hotel was designed by architects Skidmore, Owings and … Continue reading »