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Developer Nakheel of the UAE and RIU Hotels & Resorts of Spain have signed a contract worth AED385 million ($104.81m) for the construction of 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai.
BAM International, the operating company of Royal BAM Group, has been appointed by Miral Asset Management to construct Yas Arena on Yas Island in Abu Dhabi, UAE.
Mabani Steel, belonging to the Al Rajhi Building Solutions Group and part of Al Rajhi Holding in the Kingdom of Saudi Arabia (KSA), has won a contract to provide steel structure solutions for the King Avenue Mall mega project.
Oman Power and Water Procurement Company (OPWP), belonging to the Nama Group, has announced the launch of the first large utility-scale solar PV independent power project (IPP) in Oman.
Samsung Engineering has won a $700m contract from Jubail United Petrochemical Company, a manufacturing affiliate of Saudi Basic Industries Corporation (SABIC), for setting up an ethylene oxide-ethylene glycol (EO/EG) plant in Saudi Arabia, to produce 700,000 mtpa monoethylene glycol (MEG).
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