L&T is reportedly a $14bn technology, engineering, construction, manufacturing and financial services conglomerate with global operations. (Image source: Herman Brinkman/sxc.hu)
Engineering and construction firm Larsen & Toubro (L&T) has announced that it has won a US$25mn contract for the construction of a road between Bidbid and Sur in northeast Oman
Qudurat Development Holding Company plans to acquire shares in different companies, aside from establishing a company specialised in the fields in which it operates in collaboration with international technical partners. (Image source: Ujah Abdul/sxc.hu)
A new joint venture firm, owned by Abdulaziz Alsaghyir Holding Company and Abdul Mohsen Al Hokair Trading Group, has earmarked US$1.33bn for investment in infrastructure projects and services in Saudi Arabia
In 2012, the UAE was ranked the fifth heaviest nation in the world with an average consumption of 3,000 calories per day according to a study. (Image source: Fadhil Kaidy/sxc.hu)
Dubai?s Roads and Transport Authority (RTA) has announced that it has awarded a US$27.2mn construction contract to an unnamed company for the Jumeirah Corniche
Al Rayyan Stadium will have a capacity of 40,000 and will include a new modular top-tier that can be disassembled after the World Cup. (Image source: Wikimedia Commons)
The Qatar 2022 Supreme Committee has announced consulting and engineering firms Aecom and Ramboll will deliver the new Al Rayyan Stadium for the 2022 FIFA World Cup
The improvement in demand will push up the price, which is expected to touch US$799 per tonne that was prevalent in the market before acute labour shortage hit the construction sector.
Iron prices in Saudi Arabian local markets are expected to go up in the coming months following the recovery of the construction sector market, which had been hit by acute labour shortage
