Business & Management

Financial closure on Shuweihat 3 IPP project


The Shuweihat 3 Independent Power Plant (IPP) project reached financial closure after a delay which makes it the world's biggest power project financing this year.

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Saudi to build 16 nuclear reactors by 2030


Saudi Arabia will build 16 civilian nuclear reactors over the next 20 years at a cost of more than US$300 billion.

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Qatar economy gained in 2010


Official figures released by the Qatar Statistics Authority (QSA) showed that the construction industry was one of the biggest gainers in the last quarter of 2010 in its latest report.

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Growing economic proximity with Asia to benefit Gulf countries


Financial experts have said that the growing economic ties with the emerging economies of Asia will benefit the economic stability and growth prospects of Gulf economies.

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Abu Dhabi airport bidders revealed


Istanbul-based construction company, Tav Group, will place its bid along with partners Arabtec and CCC in July for the Abu Dhabi international airport midfield terminal project, its president and chief executive officer, Mustafa Sani Sener said on the sidelines of the MEED Arabian World Construction Summit.

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