Engineering and construction firm Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to completely acquire Stork Holding B.V. (Stork), based in The Netherlands, for US$755mn
Logistics
Khalifa Port ready for next phase of expansion
Operator Abu Dhabi Terminals (ADT) has announced that Khalifa Port Container Terminal is ready for the next phase of its expansion that will see its annual handling capacity surge to 2.5mn twenty-foot equivalent units (TEU) from the current 1.9mn TEU
flydubai opens new Boeing 737 maintenance facility
Dubai-based budget airline, flydubai, has opened a new maintenance facility for its fleet of Boeing 737-800 aircraft
Aramex and SAP form UAE logistics partnership
Logistics giant, Aramex, and enterprise software provider, SAP, have formed a partnership for the growing Middle East logistics and transportation market
First phase of Doha Metro to be completed in Q4 2019
Qatar Rail has said that the first phase of the Doha Metro project is expected to be completed in the fourth quarter of 2019