SAUDI ARABIA and Bahrain signed contracts worth around $300 million to lay a new 350,000 barrels per day (b/d) oil pipeline between the two countries, with the link due to be operational in 2018, Bahrain’s energy minister said. [...]
KUWAIT’S GOVERNMENT said it had awarded a contract to build a new terminal at Kuwait International Airport to the same consortium that had an earlier, more expensive bid dismissed. [...]
INDIA AND the UAE will set up a multi-billion dollar fund to invest in Indian infrastructure projects and co-operate in producing military equipment, space technology and nuclear energy, officials said. [...]
OIL GIANT Saudi Aramco is considering whether to build a new industrial city in the south of the Al Ahsa district in the kingdom’s Eastern Province, as authorities seek to expand the country’s industrial base, sources said. [...]
THE COST of construction materials in Qatar is likely to jump as the host nation intensifies infrastructure building ahead of the 2022 World Cup, and other building projects could finish late as a result, industry experts say. [...]
A CONSORTIUM including Qatar Electricity and Water Company (QEWC) and Mitsubishi Corporation will build the biggest integrated power and water plant ever constructed in Qatar at a cost of $3.15 billion, a statement from QEWC said. [...]
LOW OIL prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, Abu Dhabi Commercial Bank said in a report showing the mixed impact of cheap oil on the Gulf. [...]
