The government of Dubai is on track to create capacity for additional sovereign borrowing to finance World Expo 2020 projects, according to a report issued by BofA Merrill Lynch this week. “The bulk of the Expo 2020-related capex is set…
Month: April 2014
Abu Dhabi hotel rates squeezed by competition, JLL reports
More than 3,000 extra hotel rooms are due to enter the Abu Dhabi market by the end of 2016, according to a new report by property consultants JLL. This will intensify pressure on room rates. According to the Abu Dhabi Tourism…
Saudi Arabia’s Prince Sultan bin Salman to receive AHIC 2014 leadership award
President and chairman of the board of the Saudi Commission for Tourism & Antiquities (SCTA) Prince Sultan bin Salman Al-Saud will receive the annual AHIC leadership award at Madinat Jumeirah on 4 May. The award is presented to individuals and…
Kuwait targets residential water waste and building retrofits
Kuwait’s developing electricity and water efficiency programme is targeting householders caught wasting water and a pilot home retrofitting project will soon be launched, according to Suhaila Marafie, director of the studies and research department in Kuwait’s Ministry of Electricity &…
Alba considers building 1,500MW power plant to support pot-line six project, MEED conference told
Aluminium Bahrain (Alba) is considering building a 1,500MW combined cycle power station as part of the pot-line six expansion project, which will raise its capacity to 1.3m tonnes in 2017, the MEED Bahrain Energy Forum was told today. The expansion…
Gulf donors finance huge Bahrain sewerage plans, MEED conference told
Aid from the governments of Abu Dhabi, Kuwait and Saudi Arabia will play an important role in helping Bahrain deliver radical improvements in the kingdom’s sewage collection and treatment system, MEED’s Bahrain Energy Forum was told this morning. The conference…
Bahrain gas reserves may be higher than previously reported
Bahrain’s natural gas reserves, including non-associated gas are more than 20 trillion cubic feet, the MEED Bahrain Energy Forum was told today. This is higher than is conventionally associated with Bahrain and compares with the 7 trillion cubic feet reserve…
New Arabia-Bahrain pipeline FEED complete, MEED Conference told
The front-end engineering and design (FEED) for the new 360,000 b/d Arabia-Bahrain pipeline from Saudi Arabia to Bahrain is complete and the EPC procurement is ready to be launched, the MEED Bahrain Energy Forum was told this morning. “We are…
Expansion on agenda for Bahrain energy industry, MEED conference told
Bahrain’s energy industry expansion plans include projects worth more than $20bn in total, the MEED Bahrain Energy Forum in Manama was told this morning. The conference was told that the projects being developed include; Continuing investment in upstream oil and…