Hi News Brief Reviews & Past Overviews - "Middle East.! & Regional Development."
Empower to invest in $327m in plants:
Emirates Central Cooling Systems Corporation (Empower) has announced that it plans to invest Dhs1.2bn ($327m) this year in building new plants, reported Gulf News. Empower, a joint venture between Dubai Holding unit Tecom Investments and Dubai Electricity and Water Authority, has invested a similar amount in district cooling projects so far. It has built a 60,000 refrigeration tonne capacity plant for Jumeirah Beach Residence and a 56,000 RT plant for Dubai Healthcare City.
QIMC partners with Oman’s Takamul to develop industrial projects:
Qatar Industrial Manufacturing Co (QIMC) has signed a partnership deal with Oman’s Takamul Investment Co to jointly develop industrial projects in both Qatar and Oman, Gulf Times has reported. The partners will together and separately scout for credible industrial partners to bring about regional development in a cohesive manner, said QIMC chief executive, Abdul Rahman al-Ansari. “There are real mutual benefits we find with this relationship and we will be keen to explore areas for collaboration and the sharing of best practice,†he said.
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