Author: Stephen White

Stephen White first started at Construction Machinery Middle East in 2011.

Restoration continues to progress in the world’s biggest anthropogenic oil spill in Kuwait as over 8 million tonnes of soil have been cleaned through washing and bioremediation as part of KAK-LAMOR JV/C’s clean-up efforts.   Over a decade ago, the Kuwait Environmental Remediation Program (KERP) was established by the United Nations Compensation Commission (UNCC), Kuwait National Focal Point (KNFP) and Kuwait Oil Company (KOC) to address the extensive damage resulting from the Gulf War.   The conflict left Kuwait’s landscape heavily contaminated with oil, including wet and dry oil lakes, contaminated soil, and sludge. Following the destruction of some 700…

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Raimondi Cranes’ agreement to acquire Terex’s tower and rough terrain crane businesses is not only a headline-making deal, but also the culmination of a decade-long transformation that began with Middle East investment. Founded in 1863 in Legnano, Italy, Raimondi evolved from a small equipment manufacturer into a globally recognised tower crane specialist. The turning point came in 2014, when Dubai-based KBW Investments, led by Prince Khaled bin Al Waleed bin Talal, acquired the company. At the time, Raimondi was described by KBW CEO Ahmed Alkhoshaibi as a “pillar in the portfolio,” anchoring the group’s ambitions in construction and infrastructure. When…

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Raimondi Cranes has announced a landmark agreement to acquire key lifting businesses from US-based Terex Corporation, in one of the most significant crane industry deals in two decades. The transaction will see Raimondi take over Terex Tower Cranes, Terex Self-Erecting Cranes, Terex Rough Terrain Cranes, and Terex’s North American service and support operations. The deal expands Raimondi’s portfolio into new business lines, enhances its global footprint, and strengthens its competitive position in both mature and emerging markets. Raimondi CEO Luigi Maggioni described the move as “the most significant acquisition in the company’s history,” adding that it marked a major step…

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