Author: Stephen White

A new partnership between Conares and C&D should provide the GCC with access to a wide range of top-grade Chinese steel products in industries, including construction, infrastructure development, and manufacturing, say both parties. Conares, the second-largest private steel manufacturer in the UAE, has partnerrd with C&D, a Fortune Global 500 company focused on supply chain operation services and real estate development based in the city of Xiamen, China. This “groundbreaking collaboration will empower” the Chinese corporation to distribute high-quality steel from China in the GCC region, strengthening trade ties between them, they said in joint statement. The official signing of…

Wa’ed Ventures, the Kingdom-based venture capital arm of Aramco, announced a strategic investment in Tenderd, a startup specialising in AI-enabled technologies for real-time emissions intelligence. The platform provides customers with AI-generated insights to increase asset utilisation and reduce emissions, targeting heavy industries such as construction and logistics. “Our investment in Tenderd reflects our commitment to addressing sustainability challenges facing the industrial sector and providing solutions to decarbonise their operations,” said Fahad Alidi, Managing Director at Wa’ed Ventures. “Tenderd brings transformational solutions to traditional capital-intensive industries such as energy, construction, and logistics sector by utilising AI-generated insights to increase asset opimisation…

Saudi state mining giant Ma’aden and US-based Ivanhoe Electric have closed a deal to investigate 48,500 sq km of under-explored lands in the Arabian Shield for “critical minerals” that are key to powering the global energy transition. Surveys could begin as soon as September in the new joint venture, which is worth nearly $130 million, reports AGBI. The Saudi region – roughly the size of Switzerland – is understood to be rich potential for critical minerals such as copper, nickel, gold, silver and possibly lithium. Lithium is of great interest to Saudi Arabia as it is a key component of…

Out of all equipment categories sold at Ritchie Bros.’ June auction in Dubai, excavators again proved to be among the most popular items to sell. This equipment category saw a 17% increase in inventory sold compared to the company’s March auction. Appetite to buy equipment remained steady at the internationally attended auction, with wheel loaders, crawler tractors, forklifts and backhoes performing particularly strongly. The online auction featured over 1,200 pieces of machinery, trucks, vehicles and other items, and attracted bidders from around the world. “Our online timed auctions make it easy and fun to join. We had 970 registered attendees…

The Saudi Arabian construction industry has been experiencing a significant boom in recent years, driven by ambitious infrastructure projects, urban development, and economic diversification efforts. As the industry expands, so does the demand for more advanced construction equipment currently in the market as well as raw numbers when it comes to filling out inventories. Take powered access equipment for example. Talking to people involved in the market, they estimate that there is roughly 6,000 units currently available. At the moment, while projects like NEOM are in the early stages, that is not a problem. But if Saudi is to achieve…

The third terminal of Abu Dhabi’s airport is an architectural tour de force. But the futuristic architecture provides a challenging environment to maintain without specialised services. That is why PALFINGER Megarme was commissioned to assist during the final post construction cleaning and rectification process. Airport buildings are said to be the cathedrals of the 21st century. Abu Dhabi’s new Midfield Terminal Complex definitely is a proof for this claim. The in itself impressive Terminal building – which is to process up to 80 million passengers each year – culminates in the 50-meter-high Departure Hall, largely column-free through the use of…

The region’s first event created for B2B and B2C professional fleets wanting to make the switch to new forms of mobility and those already on their journey to a greener future. Governments and authorities across the region are investing billions into green transportation helping to foster business and consumer demand for cleaner forms of mobility. This is changing the business fundamentals of B2B and B2C professional fleets who must consider how they can adjust to this changing landscape. The Green Fleet Summit is a new kind of event that will gather car rental companies, fleet services and fleet owners of…

Ace Energy Infrastructure says its successful placing of a 3,600m pipeline of 24″ diameter across the Subansiri River in Assam, India, is among the largest pipeline installations worldwide utilising the intersect method of Horizontal Directional Drilling (HDD). Describing the manoeuvre as a significant milestone the firm explained that the installation was executed for Indradhanush Gas Grid (IGGL) (a joint venture of oil and gas companies such as Indian Oil Corporation, Oil and Natural Gas Corporation GAIL (India) Limited, Oil India, and Numaligarh Refinery. MECON Limited, India served as the Project Management Consultant (PMC) as part of a project to extend…

Doosan Bobcat, a global leader in compact equipment, has announced the appointment of Gary Hornbacher as the company’s new president for the Europe, Middle East and Africa (EMEA) region. He will be based in Dobris, Czech Republic, where the company has consolidated its manufacturing facility, R&D center, training institute and EMEA headquarters onto one campus spanning an area of 120,000 m2. Gary Hornbacher has served in a diverse number of roles during his 36-year tenure with Doosan Bobcat. He brings extensive experience in Sales & Marketing, Product Management, Strategy, and Total Quality Management. His most recent position before coming to…

The Petromin Corporation has handed over NEOM’s state-of-the-art Heavy Machinery & Truck Service Centre, “solidifying its position in the developing region”. In partnership with NEOM, the sustainable region taking shape in northwest Saudi Arabia, Petromin is set to redefine maintenance performance to meet the ever-increasing demand from the workers building the NEOM region including the breathtaking regional project of ‘THE LINE’. As part of the handover, Petromin will immediately begin operating the center. Ideally located between NEOM’s key projects, the Heavy Machinery & Truck Service Center is equipped with cutting-edge technologies and facilities management solutions such as a dedicated water…