Highlights of the Week – Readers’ Choice
- Business & Finance
The New Suez Canal development program is moving ahead and is scheduled to be completed this August.
Gulf Earth Moving (GEM), a Qatar-based subsidiary of the Belgian Aertssen Group, has just won a $65.6 million worth land reclamation contract from the New Port Project Steering Committee (NPPSC).
The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023.
Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel.
APT Global, a Dubai-based manufacturer and technical service provider in marine, dredging, offshore and oil and gas industries, has played a major role in construction and installation of 5MW land based booster station “Al Jabbar” for Van Oord.