New report highlights opportunities and challenges facing GCC countries trying to privatise state owned enterprises.
Author: Paromita Dey
Abu Dhabi Fund for Development (ADFD) has signed a concessionary loan agreement to the tune of AED 147mn with Moroccos national railway operator to finance a high-speed rail link between the cities of Tangier and Kenitra. Complementing ADFDs first instalment of AED 368mn released in 2010 for the rehabilitation of the tracks infrastructure and foundation systems, this second instalment will be used to finance the launch of a 200-km long, 320-km/hr high-speed line that connects both hubs by 2018. The agreement was signed in Morocco by Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), and Mohamed…
Rahaba Residences is the first staff accommodation developed under the Built to Suit model.
73,000 professionals from 140 countries gather for the Big 5 2016
Sweet Homes completes phase 1 of Ajmans first freehold villa development.
Al Habtoor Motors led a delegation of Saudi Arabias largest fleet operators on a site visit to the FUSO truck factory in Chennai in October. The event was an opportunity to meet and share ideas with other industry colleagues while customers got to see the outstanding build quality of FUSO trucks in this brand new manufacturing facility and test drive the full range of vehicles. Erich Nesselhauf, Managing Director and CEO, Daimler India Commercial Vehicles, said: We are delighted to welcome these high profile FUSO customers at our facilities. Our world-class manufacturing plant and the high quality level of our…
Hitachi Construction Machinery Middle East (HMEC) has appointed Middle East Crane Equipment Trading (MECET) as its new UAE dealer for Hitachi Construction Machinery as well as Hitachi Sumitomo Crawler cranes. The agreement was signed by HMEC President Hidefumi Sameshima and MECET Director Jos Luyckx, in the presence of HMEC General Manager Piet van Bakergem and MECET GM Wim Aernouts at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 held in Abu Dhabi from 7 to 10 November. MECET being a 100% subsidiary of the Luyckx Group was established in 1952 in Brecht in the province of Antwerp in Belgium.…
The orbital highway is an essential corridor in the city of Doha, Qatar and an Ammann plant is helping to make the project a success. The road will connect the main city of Doha with the ports of Qatar and the Saudi border. The highway project is about 40 km long with seven lanes. It is divided into four phases, with the current phase requiring the production of about 3 million tonnes of asphalt. It is the biggest project in terms of quantity of asphalt in Qatar at the moment, said Youssef Ghadban, Plant Manager for Al Jaber &…
The Oman Tourism Development Company (Omran) has launched the phase one of the Mina Al Sultan Qaboos Waterfront Project which is expected to be completed by 2020, and will transform the commercial Port Sultan Qaboos area into a major tourist hub. The mixed use development will include business and residential zones, a mall, six hotels (including three, four and five star), recreation amenities, tourist attractions, as well as docking facilities for cruise liners and yachts. The master development plan was conceptualised in 2015, with significant inputs received from private sector investors keen to capitalize on the tourism and hospitality opportunities presented…
Logistics News ME catches up with all the latest transport industry happenings at IAA Commercial Vehicles Show 2016