Food-store retailer Spar International has partnered with Oman?s diversified business group Khimji Ramdas to open nine of its supermarkets in the sultanate by 2016
Technology
AECOM wins US$290 million contract in Libya
US-based project management firm AECOM has won a US$209mn contract in Libya to act as lead manager for the government?s housing and infrastructure development programme in urban areas
Dubai World unit sells Atlantis hotel to ICD
A unit of Dubai World has sold its Atlantis hotel situated in Palm Jumeirah to Investment Corporation of Dubai (ICD) for an undisclosed sum, to help the group with its debt repayments
Qatar plans US$548 million venture for industrialisation
The Qatar Chamber of Commerce and Industry has announced plans for establishing a US$548mn venture that would focus primarily on the construction of industrial plants and related projects in the country
Aldar Properties raises US$750 million through sukuk issue
The UAE?s Aldar Properties has raised US$750mn by issuing a five-year sukuk, its first capital markets transaction since its merger with Sorouh Real Estate in 2013