Business & Management

Omani authorities spend USD4 billion on utility and water projects

OMANI AUTHORITIES WILL spend US$ 4.2 billion on utility and water projects in the governorate of Muscat in the next few years. Omar Al-Wuhaibi, Chief Executive Officer of Oman Wastewater Services Company, said in a press statement that the forecast spending would cover projects, including water treatment plants and networks, in the Muscat region till 2017. Overall cost of projects, currently underway in the sultanate,  has amounted to around US$2 billion.

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10 billion dirham allocation to infrastructure in UAE

THE UAE HAS earmarked just about a third of its 2010 budget - 10.7 billion dirhams (US$2.9 billion) - to infrastructure projects, daily newspaper Gulf News reported recently.

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Saudi substation order for ABB

ABB, A LEADING power and automation technology group, has won an order worth US$48mn from the SEPCO III Electric Power Construction Corporation, a leading Chinese EPC (Engineering, Procurement, Construction) company, to deliver a substation for a new power plant in Saudi Arabia.The order was booked in the fourth quarter of 2009.

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Iran's infrastructure requirements aid sales of rubber products


RUBBER WORLD INDUSTRIES (RWI), the leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex' in the Gulf and South-East Asia, and part of the international business conglomerate, the Memon Group of Companies, revealed that it has supplied a total of 120 containers of rubber insulation products worth US$1.22mn to customers based in Iran in 2009.

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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

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