Linxon, a joint venture between leading engineering group SNC-Lavalin and technology leader ABB, has won an order of around $80 million from the Ministry of Electricity in Iraq for delivery of four turnkey 132/33 kV GIS substations. The contract forms part of the Electricity Sector Reconstruction Project (Phase 2) financed by Japan International Cooperation Agency (JICA).

The"...

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of leading architectural firm Denniston as the Master Planners for The Island.

Chief Executive Officer of AMAALA, Nicholas Naples, said: “AMAALA carves a unique positioning within the global hospitality portfolio, catering to select travellers looking for innovative experiential escapes. Our ambition is to create personalised"...

Rasmala Investment Bank Limited (‘Rasmala’) a leading alternative investment manager, today announced the acquisition of a state-of-the-art research and development facility in Philadelphia, United States for USD 61 million. The asset was acquired by the Rasmala North American Real Estate Income Fund.

Located in the heart of the Philadelphia Navy Yard complex, one of the premier business parks in the Northeastern United States, the property"...

AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of British award-winning architectural design and engineering firm, Foster + Partners. The firm will act as Architectural Advisors of the development.

Rooted in the philosophies of art, wellness, and the purity of the Red Sea, AMAALA is set in the Prince Mohammed bin Salman Nature Reserve across three unique communities:"...

SULAIMANI — The Kurdistan Regional Government's (KRG) Ministry of Trade and Industry announced on Tuesday (February 25) that the ministry will sell cement for half the market price in order to encourage house construction.

Ministry Public Relations Director Sardar Qurbani said that the distribution of cement had stopped because of the financial crisis, but would resume now that the economy had improved.

Any"...

Dubai: DP World has completed the acquisition of Fraser Surrey Docks in Canada. It bought the stake from Macquarie Infrastructure Partners (MIP) in a deal that also involved longstanding partner Caisse de dépôt et placement du Québec (CDPQ).

This complements DP World’s footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St. John’s. The “coast-to-coast”"...

DP World, one of the world’s largest port operators, said on Sunday it completed a previously announced deal to acquire Canadian terminal Fraser Surrey Docks (FSD) from a Macquarie Group fund.

'DP World is pleased to advise that it has closed the transaction to acquire Fraser Surrey Docks (FSD),' it said in a statement to Nasdaq Dubai.

The Dubai-based ports"...

Leading real estate development company Bloom Holding has announced that a new energy department has been established as a division of its facilities management arm, bfm.

This comes as part of Bloom Holding’s ongoing commitment to innovation and sustainability, said the Emirati developer in its statement.

The new energy department is set to implement an Internet-of-Things (IoT) platform with smart technologies designed to enhance the experience of owners and tenants through the creation of"...

P&T, an international design firm providing clients with innovative, commercially successful and sustainable design solutions since 1868, has announced the launch of its second edition of the P&T Student Competition in the UAE.

Headquartered in Hong Kong, P&T is ranked as one of the largest consultancy companies in the field of architecture and engineering in the world.

The company organises this annual competition as part of its social responsibility to the community by nurturing the"...

Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, has announced plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi, said a report.

The Dh100 million ($27.2 million) new jetty project will be completed in Q4 2020, in time for the launch of the 2021 cruise season, said a report in WAM.

The expansion will allow two vessels to dock at any given time and provide up to 5,000 passengers"...