All 69 units to be handed over by the end of 2018.
Author: Paromita Dey
Industry players are upbeat about the regions railway supply market prospects, noting that the sector will grow about 3% annually in the next four years.
SNC-Lavalin has been awarded a contract for the engineering, procurement and construction (EPC) of a petrochemical plant, including its utilities and off-site infrastructure, in the city of Salalah, located in the Sultanate of Oman. The project for Salalah Methanol Company LLC (SMC) is expected to begin in March 2017 with SNC-Lavalin initially performing the early works program, the company said in a statement. Upon financial close, expected in June 2017, SNC-Lavalin will continue with the engineering, procurement of equipment, construction and commissioning of the facility, which will produce anhydrous liquid ammonia using a technology provided by Linde Group. The Canada-based companys…
Maersk Line signed an agreement with IBM to use blockchain solution to digitise the complex paper trail associated with the tens of millions of containers.
Oman’s Sohar Port and Freezone aims to develop the worlds first self-sustaining freezone cluster that will serve as a hub for innovation.
Finnish company to supply 418 elevators and escalators for Line 3.
Al-Futtaim has broken ground on a mixed use development in Dubai that combines living, working and entertainment with popular retail brands including Dubais second IKEA and an Al Futtaim ACE hardware store. The company plans to expand its retail offering through the development of the new mall, located in Jebel Ali, along the main Abu Dhabi Dubai Highway. In the first phase of development, the new retail offer will include a variety of retail brands within around 55,000 sq. metres of leasable space. Alongside IKEA, which will be home to an international training centre for the IKEA family, an additional…
DAFZA performed strongly in 2016, achieving 16% net profit growth and posting a 2% growth in its total revenue and a 28% increase in its total assets.
Gulftainer successfully implemented the marine and container handling (MACH) terminal operating system (TOS), marking a major technology upgrade.
Industry experts explain that the global shipping sector is in for a tough year in 2017 owing to the falling oil prices and the oversupply of vessels.