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
Buildings
HIMA to diversify portfolio in non-hydrocarbon markets
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
UAE ?blank canvas? for developers, says Aurecon boss
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
Saudi Arabian firm to invest in Egypt?s commercial sector
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 signs US$620.7mn in UAE contracts
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