Richard Henry’s sojourns in West Asia had always been jinxed. He went to Abu Dhabi in 1980 to work as a deckhand on a dredger, but returned four years later when the Emirate did some belt-tightening to cope with falling oil revenues… Source: DNA, December 6, 2009;
Bahrain Bay’s CEO Bob Vincent says despite a tough year, the US $2.5 billion mega project has delivered on its infrastructure requirements and greater momentum is forecast for 2010… Source: Arabian Business; December 5, 2009
DHAHRAN — Saudi Aramco has issued an overview of measures taken to safeguard the marine habitats close to its shallow-water Manifa field development in the Arabian Gulf… Source: Offshore, December 3, 2009
THE Egyptian government is proposing a new entrance channel to the Suez Canal, in the hope of easing access to Port Said’s container terminal, according to sources in the country… Read More: Lloyd’s List
A Beirut developer planning an $8-billion artificial island off Lebanon says it is not worried by the debt debacle of Nakheel, the real estate developer behind Dubai’s similar man-made Palm Islands that revealed last week it needs more time to pay it debt… Source: Maktoob, December 3, 2009
The financial turmoil in Dubai is not going to affect the DP World projects in India, including the proposed minor port in Bengal’s Kulpi… Source: Times of India, December 1, 2009
After international construction and development major Dubai World failing to repay its huge pile of debt on time, the state of its bids for development of container terminal berths at major ports in India may come under the scanner… Source: Indian Express, November 28, 2009
The two Belgian dredge contractors which built the Palm Islands and other prestigious projects have still tens of millions of euros to invoices outstanding with Dubai World and its ailing subsidiaries in the project. It’s are DEME and Jan De Nul Dredging… Source: De Morgen, November 27, 2009;
DHAHRAN, Saudi Arabia — Saudi Arabia’s Environmental Protection Department (EPD) and the Offshore Projects Division of the Saudi Aramco’s Northern Area Projects Department (OPD/NAPD) have sponsored a coral relocation project in the Arabian Gulf… Source: Offshore, November 25, 2009;
Global Real Estate Development Company (Gredco), a Bahraini developer, has invited companies to bid in early December for major dredging works… Source: MEED, November 26, 2009/GREDCO
ROTTERDAM – Bert Groothuizen, spokesman of Dredging company Van Oord said Thursday that they are not affected by the financial turmoil around Dubai World, the state owned project developer… Source: De Financiele Telegraaf, November 26, 2009
AMSTERDAM – Royal Boskalis Westminster nv is not active in Dubai and is therefore not affected by the current financial problems in the country, said a spokesman from the dredging contractor Thursday… Source: Financieel Dagblad, November 26, 2009
