The Bahrain based Arab Shipbuilding & Repair Yard Marketing Services Company (ASRY) and the British power generation packaging specialist Centrax Ltd. have formed a joint venture company, ASRY-CENTRAX Ltd.
Energy
GE signs multi-million dollar gas turbine contract in Iraq
Reinforcing its commitment to support Iraqs expanding energy infrastructure, GE has signed a multi-million dollar, multi-year agreement with Mass Global Investment Company, an independent power producer (IPP) in Northern Iraq.
Emal awards US$579mn deal to Samsung C&T
South Koreas Samsung C&T Corp won a US$579.3mn order to build a thermal power plant for Emirates Aluminium Company (Emal) in the UAE.
SEC to sign $2.85 billion power plant deal with consortium
Saudi Electricity Co (SEC) signed a US$2.85 billion power deal with a consortium of companies for construction of a 4,000 MW gas fired power plant Qurayyah plant.
Electricity consumption in the GCC to increase
A Deloitte report entitled "Energy on Demand: The Future of GCC Energy Efficiency", shows that per capita electricity consumption during the period 2007-2035 in the GCC is likely to increase at an annual rate of 2.5 per cent.