Logistics

Saudi-Spanish consortium frontrunner for US$8 billion Haramain rail project

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A Saudi-Spanish consortium has emerged as a frontrunner among bidders to win an US$8 billion contract to build a high-speed rail network linking Makkah, Jeddah and Madinah.

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Topaz wins contracts worth US$160mn

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Topaz Energy and Marine recently signed long-term vessel support contracts with various clients totaling US$160mn.

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GE Lighting opens distribution centre in Middle East

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GE Lighting opens its first full-fledged distribution centre in the Middle East in Jebel Ali Free Zone, Dubai recently.

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Etihad Rail awards sleeper contract to PCM Strescon

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Etihad Rail awarded Indian-based PCM Strescon Overseas Ventures Limited (PCM Strescon) the contract for the provision of railway sleepers.

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Iran sees tractor exports reach US$48mn

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Revenues from tractor exports reached over $48.8mn in the last Iranian year (ended March 20), announced the managing director of Iran Tractor Manufacturing Company (ITMCO).

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