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