MENA Venture Tracker: Arabian Facilities to open two retail locations; KOC eyes $700m oil challenge tender
RIYADH: Arabian Facilities, one of many largest operators of latest life-style facilities in Saudi Arabia, will open two top-rated retail locations in Riyadh and Jeddah, in line with a report in Commerce Arabia.
Work on the tasks, Jawharat Al Riyadh and Jawharat Jeddah, is progressing steadily, and the corporate claims that these locations will supply a next-generation retail expertise to prospects.
The SR1.8 billion (480 million) retail vacation spot in Riyadh is anticipated to be operational by 2025, whereas the Jeddah challenge price SR1.1 billion will begin functioning by 2024.
The Riyadh and Jeddah tasks are anticipated to generate 7,000 and 5,000 jobs respectively.
KOC to improve 4 gathering facilities
The Kuwait Oil Co., also called KOC, is getting ready to tender a $700 million challenge to debottleneck 4 gathering facilities in East Kuwait, MEED reported, citing trade sources.
In keeping with the report, KOC goals to renovate GC-1, GC-2, GC-11, and GC-19 gathering facilities.
The price range approval for this challenge is anticipated to be finalized by October or November.
Acciona and Engie bids on Mirfa 2
Spain’s Acciona and France’s Engie have positioned the bottom bids for creating Mirfa 2 seawater reverse osmosis challenge in Abu Dhabi, Meed reported.
Acciona’s supply stands at $54.46 cents a cubic meter for an 80 million imperial gallons a day improvement, outbidding the Engie-led workforce by 1.7$c/cm.
Engie’s bid is at $48.32 cents a cubic meter for a 120 MIGD plant.