DP Worlds profits surged by 82 per cent in 2011. (Image source: DP World)
DP World reported that full year profit increased by 82 per cent to US$683 million, helped by increased cargo volumes, compared to $375 million in 2010
The Department of Transport (DoT) unveiled updated plans for Abu Dhabi?s metro and light-rail transit (LRT) system which reduces the size and scope of the transport network.
JICA to give Egypt US$392mn loan for its fourth metro line.
Japan International Cooperation Agency (JICA) will give Egypt a US$392mn loan to fund the construction of Cairos fourth metro line, Egypts planning minister said.
SAR signed a US$147.4mn deal with CAF for the manufacture of passenger trains.
Saudi Railway Company (SAR) signed a US$147.4mn deal with Spains Construcciones y Auxiliar de Ferrocarriles (CAF) for the manufacture of passenger trains for the North and South railway.
Qatar has awarded its second contract worth US$1.2 billion to the Middle East Dredging Company for the dredging works at the New Doha Port.
