Manufacturing and Industry

looking at the manufacturing and industry sector in the Middle East

Largest sewage work on Palm
Corodex Electromachanic is operating the world's largest vacuum sewage plant at Nakheel's Palm Jumeirah, agencies have reported. The system has the capacity to handle 16,000 cubic metres of waste water everyday, via four large vessels in the station. Currently serving 2,000 villas, with 40 kilometres of pipeline, the system will be connected to over 4,000 villas, officials said.
United Arab Emirates: Saturday, August 30 - 2008 at 11:00

Abraaj buys stake in yacht maker
Dubai-based private equity firm Abraaj Capital has acquired a 50% stake in Turkish luxury-yacht manufacturer Numarine. Abraaj will partner with Numarine Chief Executive Officer Omer Malaz, who founded the company in 2002. The investment is Abraaj's second in Turkey and third in the marine business. Last year, it bought part of Acibadem, the only healthcare provider listed on the Istanbul exchange. Abraaj also owns stakes in Dubai-based luxury-yacht distributor ART Marine, and Gulf Marine Maintenance & Offshore Company, which primarily serves the Oil and Gas industry.
United Arab Emirates: Thursday, August 28 - 2008 at 11:13

Rolls Royce inks waterjet services deal
Rolls-Royce has signed an agreement with Abu Dhabi Ship Building that will further improve customer service for Kamewa waterjets in the Arabian Gulf region. Rolls-Royce has already provided Kamewa FF550 waterjets for 12 Amphibious Transport Boats (ATBs) and 4 Fast Supply Vessels built by ADSB for the UAE Navy and UAE Coast Guard. The new Waterjet Service Centre will offer naval customers a proactive service that will add value to their operations, by bringing together the manufacturers of the vessels and the waterjets that power them, according to a press statement.
United Arab Emirates: Thursday, August 28 - 2008 at 09:08

Al Qudra buys land for crops
Al Qudra Holding plans to buy about 400,000 hectares of land in the Middle East, Africa and the Far East by the first quarter of 2009 to boost its agriculture operations, reported The National. Al Qudra Agriculture plans to grow corn, wheat and rice as well as raise cattle for local and foreign markets. The UAE-based company is negotiating to buy land in Pakistan, Syria, Vietnam, Thailand, Sudan and India, and has already acquired 1,500 hectares of land in Morocco and Algeria.
United Arab Emirates: Wednesday, August 27 - 2008 at 14:22

Binladin to build Dubai aquatic centre
Saudi Binladin Group has won an estimated Dhs1.1bn ($300m) design and build contract for an aquatic sports centre in Dubai, reported MEED. It will be used to host the World Swimming Championships in April 2010. The races will be held in a 10-lane, 25-metre pool. The event, which is held every two years, was held in Manchester in the UK in 2008.
United Arab Emirates: Wednesday, August 27 - 2008 at 11:04

Egypt fines 20 cement businessmen
An Egyptian court has issued fines of $1.87m each to 20 prominent businessmen in the cement industry price fixing and breaking an anti-monopolies law, reported Reuters. The judge said the businessmen had caused 'deliberate harm to the national economy through practices like price fixing, in violation of the law governing monopolies'.
Egypt: Tuesday, August 26 - 2008 at 08:11

Saudi firm eyes agriculture abroad
Saudi Arabia is planning to set up a SR2bn holding company focused on agriculture overseas, within two months time, Arab News has reported. The new company which will be a partnership between the public sector and domestic private companies seek to ensure adequate and cheap food supplies in Saudi Arabia.
Saudi Arabia: Monday, August 25 - 2008 at 12:10

Saudi iron prices fall
A group of contractors and builders who recently boycotted iron in Saudi Arabia has brought the prices down by around SR500 per ton, Arab News has reported. Iron factories and retailers had to lower prices, which had reached an unprecedented SR5,400 per ton. The kingdom's Ministry of Commerce and Industry has begun inspecting prices in the market in a bid to curb spiraling costs of iron.
Saudi Arabia: Monday, August 25 - 2008 at 09:54