DEME Group announced its half-year results for 2026 this morning. Group turnover in the first half of 2026 amounted to 2.2 billion euros, up 2% year-over-year. Offshore Energy revenues increased by 6% to a record semester level of 1.2 billion euros, driven by the continued successful execution of pr
Red Sea Gateway Terminal (RSGT) and CMA CGM Group have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani). The project will bring approximately $434 million in investment into Jeddah Islamic Port and cre
DP World said that they have reached a significant milestone in its US$800 million investment program to transform the Port of Tartous, completing the delivery of three Mobile Harbor Cranes (MHCs) that will strengthen Syria’s trade infrastructure and support the country’s economic recovery. The thre
Palm Jebel Ali is one of the most ambitious development projects in Dubai. The artificial island is designed in the shape of a gigantic palm tree, with a central trunk and sixteen leaves. The project is part of the Dubai 2040 Urban Master Plan, which focuses on large‑scale and well‑connected communi
BlueFive Capital has acquired a 70% stake in Gulf Cobla LLC, a UAE-based dredging and land reclamation company. As part of the transaction, BlueFive Capital will acquire the entire 49% shareholding held by Advanced Dynamics Investments, an affiliate of Saudi Binladin Group, together with a 21% stake
AD Ports Group and Emirates Global Aluminium (EGA) have signed an agreement to enhance EGA’s dedicated berth at Khalifa Port. Under the agreement, AD Ports Group and EGA will jointly invest AED 84 million ($22.8 million) in a multi-phase berth enhancement program to upgrade EGA’s dedicated port
Say ‘Dubai’ and many people will automatically picture the palm-shaped island – Palm Jumeirah. This artificial island off the coast of Dubai can be seen from space and is one of the major tourist attractions of the United Arab Emirates. The project offers an unparalleled example of dredging and land
NMDC Group said that NMDC Infra, a wholly owned subsidiary, has signed a contract with TAQA Water Solutions Company, a unit of Abu Dhabi National Energy Company (TAQA), for the construction of an emergency Lagoon for the Abu Dhabi region. According to a statement to the Abu Dhabi Securities Exchange
Saudi Arabia’s Historic Jeddah Waterfront Rehabilitation Project has entered its second phase, with construction underway on a 972-metre marine quay. This work is part of wider efforts to restore Al Arbaeen Lagoon and revitalize the city’s historic waterfront. The project, implemented under the Hist
Palm Jebel Ali is one of the most ambitious development projects in Dubai. The artificial island is designed in the shape of a gigantic palm tree, with a central trunk and sixteen leaves. The project is part of the Dubai 2040 Urban Master Plan, which focuses on large‑scale and well‑connected communi
Jan De Nul published its annual figures today, reporting record turnover for the fourth year running. With a total turnover of €4.24 billion, Jan De Nul recorded a 6% increase compared to 2024. EBITDA rose from €777 million in 2024 to €812 million in 2025, following the same trend. Net profit rose b
NMDC Dredging & Marine has unveiled the NMDC Coastal & Hydrodynamic Center, the region’s first hydraulic physical modeling test facility, bringing advanced coastal and marine engineering validation to the UAE. This milestone strengthens local expertise, enabling more efficient marine operations, NMD
