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The new JV will focus on construction projects in Saudi Arabia. (Image source: DamienDuToit/Flickr)

Saudi Arabia?s Public Investment Fund (PIF) has purchased a 38 per cent stake in South Korean steel manufacturer Posco?s subsidiary Posco E&C for US$1.1bn, and will form a joint venture company in the Kingdom of Saudi Arabia

Its a conscious decision by the company to expand its presence in sectors such as construction and infrastructure, in addition to power and energy. (Image source: Cramogroup/Flickr)

HIMA Middle East FZE, a provider in automated safety solutions, is looking to diversify its presence in non-hydrocarbon markets in addition to its existing business strategy

The UAE is one of the biggest growth markets for planning and construction companies. (Image source: BASF/Flickr)

Aurecon?s former UAE country manager has said the UAE is a ?blank canvas? for developers

Al-Khodari Sons and Company primarily engages in civil engineering projects and develops roads. (Image source: ShashiBellamkonda/Flickr)

Saudi Arabian company Al-Khodari Sons Company is set to make a foray into the Egyptian market and eventually double its US$453mn-strong investment with infrastructure projects 

Gulf Asia Contracting has already constructed a number of high-profile residential and commercial buildings in the Gulf. (Image source: nicolaspapa)

Gulf Asia Contracting, a subsidiary of RP Global, has been awarded civil and industrial construction contracts for 19 projects across the UAE

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