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In Saudi Arabia, Qiddiya Investment Company awarded a contract worth US$750 million for the construction of the kingdom’s first and the region’s largest water theme park. The contract was awarded to a joint venture of Alec Saudi Arabia Engineering and Contracting and El Seif Engineering Contracting. The park, spanning 9 zones, will sit on 22.5 hectares of land and will be home to 22 rides and attractions.
A Saudi-Spanish consortium led by Aqualia and also comprising the Spanish company Acciona and the Saudi service companies Tawzea and HAACO was awarded the contract for the management, operation and maintenance of the end-to-end water cycle in the Saudi regions of Assir, Jazan, Baha and Najran in the south of the kingdom by National Water Company.
A new hangar for painting private jets and narrow-body aircraft will be set up in Dubai, an agreement for the 33,000 sq.ft. facility was signed between Mohammed Bin Rashid Aerospace Hub and Satys, the French group specialised in aircraft sealing and painting. Construction of the new hangar will commence this year and is expected to conclude by Q3 2023.
UAE’s Tech Group, BESIX and Ocean Harvest have entered into a strategic partnership to design, construct and operate a high-tech, land-based salmon farm in Abu Dhabi.
The Oman Investment Authority (OIA) has launched a new project to produce an alternative protein from dates in collaboration with US-based food ingredient company, MycoTechnology. OIA and MycoTechnology have announced the establishment of ‘Vital Foods Technologies’ to complete the feasibility study of a large-scale production facility in Oman.
In Egypt, Menassat Developments launched Eclipse business space, a retail and business complex spanning 4,360 sqm in New Cairo with US$38 Mn investments.
