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Vale and Emirates Steel Arkan to study a Mega Hub development

Staff Writer | Nov 07 2022

Ventures Onsite Construction News Update

In the news this week

Brazil’s Vale set up Mega Hub development

Brazil’s Vale signed a Memorandum of Understanding with Saudi Arabia’s National Industrial Development Center to jointly study a Mega Hub development in the form of a 4 Mt/y capacity high-quality iron ore pellet production facility.

Vale confirm contract with Arkan

Vale also signed an MoU with the Emirates Steel Arkan to jointly study a Mega Hub development at Khalifa Economic Zones Abu Dhabi.

Vale and Oman government study Mega Hub development

And another MoU with the Ministry of Commerce, Industry and Investment Promotion in Oman to jointly study a Mega Hub development at the Special Economic Zone at Duqm.

KSA launched Ceer the first Saudi EV brand

Saudi Arabia’s Crown Prince Mohammed bin Salman launched Ceer, the first Saudi electric vehicle brand. Ceer will design, manufacture, and sell a range of vehicles including sedans and sports utility vehicles for consumers in Saudi Arabia and the Middle East and North Africa region.
Ceer vehicles will be manufactured in the KSA and scheduled to be available by 2025.

Kuwait’s Agility invest US$163mn in KSA

Kuwait’s Agility said it will invest US$163m to build a warehousing complex near Jeddah. Construction of the Agility Logistics Park will start in the first quarter of 2023 and the opening is scheduled for the first quarter of 2025.

ARA Petroleum and Heliovis sets up solar desalination plant

Omani upstream energy firm ARA Petroleum says it has teamed up with Austrian solar engineering specialist Heliovis to set up what is billed as the world’s first solar-thermally powered, zero emission water desalination plant in the Sultanate of Oman.
The plant, to be built at the Qarat al Milh oilfield, will produce up to 140m³ of drinking water per day from highly saline produced water.

Arab Development Establishment signed a contract in UAE

Schneider Electric and UAE-based Arab Development Establishment have signed a strategic agreement to manufacture power and energy technology solutions in the UAE. The agreement was signed at the ADIPEC 2022 concluded last week in Abu Dhabi.
As part of the agreement, Schneider Electric will manufacture a range of highly advanced energy automation solutions and integrated power solutions, including production switchgear and control panel integrations, as well as energy automation design and engineering.

Sharjah allows full real-estate ownership to all nationalities

The Sharjah Executive Council has issued a decision, allowing full ownership with no time restrictions in real estate projects to all nationalities.
The decree allows citizens of any country to own real estate of all kinds and uses in Sharjah. This is expected to boost the real estate industry as well as projects for the emirate of Sharjah.

Kuwait Port Authority awarded a contract to HEISCO

As per the latest updates from Ventures Onsite Projects Tracker, some of the projects awarded to contractors in the month of Oct 2022 include:

  • North Field Production Sustainability (NFPS) Phase 2

  • Compression Facilities Project and Ras Laffan Petrochemical Project (RLPP)

  • Ethylene Cracker Unit in Qatar

  • Rove Hotel in Al Marjan Island

  • Pearlz in Al Furjan

  • Two 132/11 kV Main Transformer Substations in Kuwait

  • 110/13.8kV Substation at Shuaibah

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