Industry News
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Gulf Metal Craft to expand Jebel Ali factory
Thursday, September 2 2010
Gulf Metal Craft, a subsidiary of Masharie, the private equity arm of Dubai Investments, has announced plans to double production capacity by expanding its existing factory in Jebel Ali, Dubai. The...
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Alcoa and Maaden awards $275m contracts for Saudi plant JV
Wednesday, September 1 2010
Saudi state-run mining firm Maaden, and US partner Alcoa have awarded SR1.03bn ($275m) worth of contracts for an aluminium complex in Saudi Arabia, Reuters has reported. The contracts were awarded...
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Hanwha signs Kuwait LPG bottling agreement
Wednesday, September 1 2010
State-owned Kuwait Oil Tanker Co (KOTC) has signed a KD45.5m ($189m) agreement with South Korea's Hanwha Engineering and Construction to build a liquefied petroleum gas (LPG) bottling facility...
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Al Hassan Switchgear awarded PDO contract
Tuesday, August 31 2010
Oman's Al Hassan Switchgear Manufacturing Co (AHSG) has been awarded a multimillion dollar order by Petroleum Development Oman (PDO), Oman Daily Observer has reported. The contract involves...
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First phase of Taif Industrial City underway
Tuesday, August 31 2010
Saudi Industrial Property Authority (Modon) has announced the first projects to implement the infrastructure of Taif Industrial City. The total area of Taif industrial city is eleven million square...
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Arab steel production reaches 26 million tonnes
Monday, August 30 2010
A list published by the Arab Iron and Steel Union has revealed production at some 167 steel factories across the Arab world has reached 26 million tonnes as of 2010, Kuna has reported. This number...
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Egypt's Golden Pyramids cancels South Valley Cement takeover plans
Monday, August 30 2010
Egypt-based Golden Pyramids Plaza has said a planned merger with South Valley Cement will not go ahead after shareholders rejected a share swap, Reuters has reported. South Valley approved an...
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Sabic signs technology licensing agreement with Lurgi
Monday, August 30 2010
Saudi Basic Industries Corp (Sabic) has signed an agreement with Germany's Lurgi for the technology licensing and engineering to produce oleo-chemicals at a plant being built by its unit Saudi...
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Depa buys Singapore's Design Studio Furniture
Sunday, August 29 2010
Dubai-based Depa Ltd., the interior contractor that fitted out the world's tallest tower in the emirate, said it has acquired Design Studio Furniture Manufacturer Ltd. of Singapore for...
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Saudi Steel Pipe inks deal with Korea's TSM
Sunday, August 29 2010
Saudi Steel Pipe Co, a manufacturer of welded pipes, has signed an agreement with South Korea's TSM Tech Co to start a new titanium and steel company with production from a plant to start in...