Construction Industry News

Red Sea Project’s first major contract awarded to Archirodon

Red Sea Project’s first major contract awarded to Archirodon

18th July 2019

According to *ME Construction News report, the Red Sea Development Company (TRSDC) has confirmed that Archirodon, a global leader in marine infrastructure projects, has been awarded the construction contract for key enabling works at its 28,000 square kilometre destination.[..]

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Masdar, Armenia sign agreement for solar and wind power sectors

Masdar, Armenia sign agreement for solar and wind power sectors

18th July 2019

According to *Constructionweekonline news report, Abu Dhabi Future Energy Company (Masdar) and the Republic of Armenia have signed an agreement to explore further collaboration across the solar energy, onshore wind, and floating solar power sectors, with a respective capacity focus of 200MW, 200MW, and 100 MW.[..]

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Al Mazaya Holding net profits decline by 61%

Al Mazaya Holding net profits decline by 61%

17th July 2019

According to *Constructionweekonline news report, net profits for the first six months of 2019 dipped by more than 60% at Kuwait-headquartered real estate developer Al Mazaya Holding compared to the same period in 2018, a Dubai bourse missive has revealed.[..]

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