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 Latest Industry & Market News |
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| Saudi Arabia to loan $125m to upgrade Iraqi power grid |
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| Saudi Arabia has agreed to provide Iraq with a loan worth around US$125 million to upgrade the country’s shattered power grid, Iraqi officials said. |
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Full Story Friday, July 07, 2006 |
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| UAE: $9.5 billion for water, power sector in 5 years |
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| The water and electricity sector, which spearheaded the privatization wave in Abu Dhabi, will continue to stay in step with utilities in the vanguard of the movement and is set to attract an estimated $9.5 billion (Dh35 billion) in investments over the next five years. |
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Full Story Wednesday, June 28, 2006 |
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| Call to boost joint GCC infrastructure projects |
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| Recently two major economic events have added significantly to the rapid economic developments in GCC countries. |
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Full Story Friday, June 23, 2006 |
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| Robust growth forecast for Gulf economies in 2006 |
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| The oil-rich Gulf countries, which boasted strong growth in the past three years thanks to record oil prices, are forecast to show another year of robust growth in 2006, despite a painful correction in the stock markets. |
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Full Story Wednesday, June 21, 2006 |
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| Power project surge needed in GCC to guarantee bright future |
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| With the construction industry boom predicted to continue for the next 20 years, demand for electricity to power the new developments is expected to reach record levels. |
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Full Story Saturday, June 03, 2006 |
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| ABB wins $44 million power contract in Qatar |
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| ABB, the leading power and automation technology group, announced that it has won a $44 million contract from General Electric Co. to supply power equipment for a project to help Qatar meet growing demand for water and electricity. |
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Full Story Friday, June 02, 2006 |
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| Strong investment growth spurs GCC power demand |
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| Strong growth in the volume of investments in different sectors of the GCC economies has seen the demand for power growing constantly in the recent years. |
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Full Story Monday, May 22, 2006 |
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| Jubail to have a giant water and power plant |
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| A giant dual-purpose Independent Water and Power Plant (IWPP) will be established in Jubail shortly at a cost of $2.9 billion (SR11 billion). |
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Full Story Wednesday, May 17, 2006 |
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