Raysut Cement, Omans largest cement producer by market value, has said it will buy the UAEs Pioneer Cement Industries.
Robust growth predictions and significant investment in infrastructure are boosting confidence in Bahrains construction sector, reports Global Arab Network.
The First International developer has secured a high profile contract to develop sites on Sowwah Island in Abu Dhabi for US$1bn.
US engineering firm World Solutions International (WSI) announced a US$220mn contract to build 2,500 housing units in the Iraqi city of Basra.
THE growing investment confidence in Omans construction sector has seen the government push ahead with new infrastructure projects which will help stimulate the economy and will see the sector grow annually by 5 per cent over the next three years.