By Staff writer
ndian firm powers DEWA
Mumbai-based Jyoti Structures has bagged an order worth around US$39 million (AED110 million) from Dubai Electricity and Water Authority for the supply of transmission lines.
The order entails the supply, installation, testing and commissioning of 400kvdc overhead transmission lines on a turnkey basis.
Saudi Eastern Province Cement has posted a net profit of US $31.7 million (SR119 million) for the third quarter of 2006 – up 59% from a year ago.
Net profits for the first nine months of the year now stand at $89 million.
Europe’s largest organisation for health and safety professionals is to stage its first Middle East conference at Messe Frankfurt’s Intersec, the largest security, fire and safety trade fair in the region.
The Institution of Occupational Safety and Health recently established a Middle East branch. Members work for some of the region’s largest companies including Saudi Aramco, Dutco Balfour Beatty Group and Dubai Dry Docks.
The conference will take place at the Dubai International Convention and Exhibition Centre from 21-23 January 2007.
Kuwaiti developer Union Real Estate saw profits dip from US $3.3 million (KD950,640) in the first six months of 2006, from $3.8 million in the corresponding period a year ago.
Borouge is looking at the feasibility of developing a major new expansion of its petrochemical complex in Ruwais, Abu Dhabi, to produce and market base chemicals for the first time.
Based on benzene and propane feedstock supplied by Borouge’s joint venture co-owner, Abu Dhabi National Oil Company, the new project will include world-scale propane dehydrogenation and cumene-phenol plants, as well as several other downstream units.
The study is expected to be completed towards the end of 2007 with start up planned for 2012.
Kuwait’s Public Authority for Housing Care has awarded Al-Oula General Trading and Contracting a deal worth US $23.5 million (KD6.8 million) for the construction and maintenance of sector 11 of Saad Al-Abdullah City.
The project is located north of Jahra governorate and south of the Sixth Ring Road and comprises 3,575 housing units.