Thank you for reading the news about UAE’s Enhance Ventures launches $30m Builders Fund targeting Middle East startups and now with the details
Jeddah - Yasmine El Tohamy - MENA project tracker: Oman starts bids on Al-Batinah; Construction begins on Saudi non-profit city
RIYADH: Oman's Ministry of Transport, Communications & Information Technology has started contract bids on the completion of its Al-Batinah phase one project, reported MEED.
The contract includes constructing and designing roads, lanes, and bridges to finalize the first phase—which stretches over 15 kilometers from the Al-Naseem intersection in Barka to the Tharmad intersection in Al-Musannah.
Construction begins on Saudi Nonprofit City
The Mohammed bin Salman Nonprofit City has begun work on its 105,000-square-meter central zone in Al-Mishraq city.
The city will be home to an array of retail centers and recreational activities to keep future inhabitants engaged, reported Trade Arabia.
Additionally, Al-Mishraq city is being built with the purpose of utilizing smart, efficient, and sustainable technology.
“The development of Al Mishraq will align with the wider goals of the city, embodying sustainability and smart technology,” stated David Henry, CEO of Prince Mohammed Bin Salman Nonprofit City.
Aldar acquires $1.17 billion commercial towers
Abu-Dhabi based Aldar Properties has acquired commercial towers valued at $1.17 billion in Abu Dhabi Global Market in Al-Maryah Island.
The acquisition from Mubadala Investment Co. includes four towers that cover an area of 180,000 square meters, according to MEED.
Additionally, Aldar have covered car parking needs through purchasing both North and South parking spaces surrounding the towers.
KIPIC and Wood group extend contract
Kuwait Integrated Petroleum Industries Company — a publicly owned oil and gas company—and UK’s Wood Group have decided to extend the project management consultancy contract for the $16 billion Al-Zour refinery.
The $528 million project management contract was originally awarded to UK oil and gas engineering firm Amec in 2012, but the project has been in slow progress ever since, MEED reported.
Sonatrach grants CPECC $390m LPG project
Sonatrach—a state-owned oil and gas Co. in Algeria— has granted China Petroleum Engineering & Construction Corporation a $390 million contract for its liquid petroleum gas facility.
Located in the Ouargla Province, the plant will process up to 10 million cubic meters of gas per day upon its completion, MEED reported.
These were the details of the news UAE’s Enhance Ventures launches $30m Builders Fund targeting Middle East startups for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
