Regional News
August 2017

Aluminium Bahrain (Alba) has posted a net income of BD43.3 million ($115.2 million) for the first half of 2017 versus BD20.5 million ($54.5 million) for the same period in 2016, marking an increase of 111 per cent. The company generated a net income of BD17.7 million ($47.1 million) in Q2 2017, up by 8.






August 2017

Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, has successfully started up the kingdom’s first polyols plant. This manufacturing facility produces specialty chemicals that go into the production of polyurethanes and speciality foams.






August 2017

The first phase of the proposed Industrial Energy City project in the Eastern Province of Saudi Arabia is expected to be completed in 2021. The energy city will spread over an area of approximately 50 sq km with its first phase covering approximately 12 sq km.






August 2017

In a major move, the Saudi Public Transport Authority (PTA) has opened its doors for the private sector, inviting global pioneering companies to partner in the construction and operation of railways in the kingdom, said a report.






August 2017

Saudi Arabia's Ministerial Provisioning Committee has approved the suspension of duty on steel export for two years and cut fees on cement export by 50 per cent.






August 2017

The Egyptian government aims to attract foreign and local investments worth $30 billion to the Suez Canal Economic Zone (SCZone) over the next five years, said an Egyptian ministry official.






August 2017

A gas supply agreement to the Special Economic Zone in Duqm (SEZD) in Oman will become operational by 2019, a top official said.






August 2017

Oman Oil Refineries and Petroleum Industries Company (Orpic) has been awarded the Project Finance Deal of the year (2016) award by Trade and Export Finance (TXF) for its Liwa Plastics Industries Complex (LPIC) project finance deal.






August 2017

Oman-based Strategic and Precious Metals Processing (SPMP) has increased the capital budget for developing the Oman antimony roaster project in Sohar to $96 million, said a report.






August 2017

Oman Power and Water Procurement Company (OPWP) has announced plans to develop a seawater desalination project in the Dhofar area of the sultanate with a capacity of 100,000 cu m per day, said a report.






August 2017

Van oord, a leading international contractor specialising in dredging, marine engineering and offshore projects (oil, gas and wind) based in Rotterdam, the Netherlands, has been awarded the contract for Dubai Harbour marine works, a prestigious mega development in the UAE.






August 2017

Iran, Iraq to set up zones IRAN and Iraq have signed a memorandum of understanding (MoU) to set up joint industrial zones, said a report.






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