Focus on the United Arab Emirates— Adnoc L&S acquires an Abu Dhabi-based company; Dewa Announces Research Lab Tender Results
MENA project follow-up: Oman launches bids on Al-Batinah; Construction of a non-profit Saudi city begins
RIYADH: Oman’s Ministry of Transport, Communications and Information Technology has launched tenders for the completion of the first phase of its Al-Batinah project, MEED reported.
The contract includes the construction and design of roads, lanes and bridges to complete the first phase, which spans 15 kilometers from Al-Naseem intersection in Barka to Tharmad intersection in Al -Musannah.
Construction of Saudi Nonprofit City begins
The Mohammed bin Salman Nonprofit City has started work on its 105,000 square meter core area in the city of Al-Mishraq.
The city will be home to an array of shopping malls and recreational activities to keep future residents engaged, Trade Arabia reported.
Additionally, the city of Al-Mishraq is being built with the aim of using smart, efficient and sustainable technology.
“Al Mishraq’s development will align with the city’s broader goals, embodying sustainability and smart technology,” said David Henry, CEO of Prince Mohammed Bin Salman Nonprofit City.
Aldar Acquires $1.17 Billion Commercial Towers
Abu Dhabi-based Aldar Properties has acquired commercial towers worth $1.17 billion from the Abu Dhabi Global Market on Al-Maryah Island.
The Mubadala Investment Co. acquisition includes four towers that cover an area of 180,000 square meters, according to MEED.
Additionally, Aldar covered parking needs by purchasing north and south parking bays surrounding the towers.
KIPIC and Wood group extend their contract
Kuwait Integrated Petroleum Industries Company – a state-owned oil and gas company – and Britain’s Wood Group have agreed to extend the project management consultancy contract for the $16 billion Al-Zour refinery.
The $528 million project management contract was originally awarded to British oil and gas engineering firm Amec in 2012, but the project has been progressing slowly since then, MEED reported.
Sonatrach grants CPECC a $390 million LPG project
Sonatrach, an Algerian state-owned oil and gas company, has awarded China Petroleum Engineering & Construction Corporation a $390 million contract for its liquefied petroleum gas facility.
Located in Ouargla province, the plant will process up to 10 million cubic meters of gas per day when completed, MEED reported.