The Liebherr Group benefited from the global economic recovery which saw the company return to growth in 2010. Its total turnover rose by 9.0 per cent to US$1.9 billion in 2010.
Liebherr profits in 2010 reach US$1.9 billion
Construction
Atlas Copco increases its focus on the construction sector
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Atlas Copco Group recently created a fourth business area, Construction Technique, that will enable the company to intensify the focus on construction customers and products and to optimise the synergies between its construction-related divisions.
Saudi Arabia is the cheapest country in the region for construction
The annual International Construction Cost report by EC Harris has revealed that Saudi Arabia is the cheapest country and Bahrain is the most expensive country in the Middle East to build in.
Qassim Cement announces preliminary Q2 2011 results
Qassim Cement (QCC) recently announced its preliminary Q2 2011 results, which were in-line with analysts expectations but showed relatively weak Q2 2011 numbers, Saudi bank NCB Capital (NCBC) stated.
OCI wins major infrastructure project in Saudi
Orascom Construction Industries (OCI) Saudi subsidiary, Saudi Limited Company (OSL), won an infrastructure contract in Saudi Arabia worth US$450mn.
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