Construction Industry News

Bloom Holding appoints Jeremy Lester as its new acting CEO

Bloom Holding appoints Jeremy Lester as its new acting CEO

23rd July 2019

According to *Tradearabia news report, Abu Dhabi-based Bloom Holding has announced the appointment of Jeremy Lester as its new acting chief executive officer replacing Sameh Muhtadi, the group CEO since 2014, who has decided to step down to pursue other interests.[..]

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Construction of SADC Standby Force regional logistics depot to begin in May 2020

Construction of SADC Standby Force regional logistics depot to begin in May 2020

23rd July 2019

According to *Constructionreviewonline news report, construction of a multi-million dollar Southern African Development Community (SADC) Standby Force regional logistics depot is set to begin in May next year. After completion, the depot at Rasesa, 10km west of Mochudi on the Gaborone/Mahalapye road, on the outskirts of Botswana’s capital Gaborone; will give shelter to general purpose equipment for the military, police and civilian components of the SADC standby force.[..]

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Delegation of ambassadors visit Neom super city project

Delegation of ambassadors visit Neom super city project

23rd July 2019

According to *Constructionweekonline news report, a delegation of ambassadors accredited to Saudi Arabia visited the 26,500km2 construction site of the futuristic Neom super city project – which is being developed by the kingdom’s Crown Prince Mohammed Bin Salman-led Public Investment Fund as part of the Vision 2030 mandate – to understand how companies and individuals can work at Neom.[..]

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LTHE wins US$ 1.01 bn oil contract from Saudi Aramco

LTHE wins US$ 1.01 bn oil contract from Saudi Aramco

22nd July 2019

According to *Arabian Business news report, Mumbai-based L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro (L&T), has won a $1.01 billion contract from Saudi Aramco for its key oil field development project in Marjan.[..]

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Kuwait's real estate sales value hits US$ 6.1 bn in H1 2019

Kuwait's real estate sales value hits US$ 6.1 bn in H1 2019

22nd July 2019

According to *Tradearabia news report, Kuwait's real estate sales value for the first six months surged to hit KD1.88 billion ($6.1 billion) on the back of 3,539 transactions compared to 2,973 deals last year, said a report by Kuwait International Bank (KIB).[..]

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