Logistics

DP World first half year profits rebound

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DP World posted strong results for the first six months of 2011 of $741mn, up from US$219mn in the same period last year, which was boosted by the one-time gain for the Australia business.

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Construction of Mecca rail project to begin in 2013

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Stage 1 construction of the Mecca Mass Rail Transit project (MMRT) is set to begin in 2013 with services due to begin in 2017.

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Advance Rail Group partners with Saudi firm for future rail projects

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UAE-based Advance Rail Group (ARG) has joined up with a major Saudi Arabia contractor to bid on more than US$800 million worth of future rail opportunities in the Kingdom.

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Emirates Steel agrees MoU with Etihad Rail

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Emirates Steel, the largest integrated steel manufacturer in the UAE, signed a Memorandum of Understanding (MoU) with Etihad Rail to use rail as the primary method for steel transportation across the UAE.

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QDVC awarded US$538.5mn contract for the Lusail rail project

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QDVC, a joint venture between Qatari Diar and VINCI Construction Grands Projets, has won a contract for a further works phase of the Light Rail Transit System (LRT) construction project in Lusail city, Qatar.

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