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One of the largest projects in the world.. Qatar launches the Ras Laffan petrochemical project

Sheikh Tamim bin Hamad Al Thani laid the foundation stone for the Ras Laffan Petrochemical Complex project. The project is scheduled to raise Qatar's total production of petrochemicals to approximately 14 million tons annually. This comes after the Minister of State for Energy Affairs, Saad bin Sherida Al-Kaabi, and Bruce Chen, CEO of Chevron Phillips Chemical Company, signed agreements last month that represent the final investment decision to establish the complex at a cost of up to $6 bil...
Ras Laffan Al Khawr United States Hamad Al Sherida Al Kaabi Bruce Chen

Exec: EEI ready to support infra push of Saudi Arabia

Construction firm EEI Corp. has expressed support for Saudi Arabiaโ€™s Vision 2030 initiatives, which are expected to create job opportunities for Filipinos. โ€œSaudi Arabia is projected to make heavy investments towards construction projects like water systems, treatment facilities, roads, bridges and livable spaces to accommodate the growing needs of its…
Saudi Arabia Henryd Antonio Al Rushaid Petroleum Investment Corp Al Rushaid Construction Co Samsung Engineering

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Construction shares outlook downgraded due to project financing woes

A growing number of local brokerages are revising down their target prices for construction industry shares, in an attempt to better reflect the project financing risks highlighted by the case of Taeyoung Engineering & Constructions debt renegotiations, market watchers said Sunday.
Cholla Namdo South Korea Kwangju Gwangyoksi Soult Ukpyolsi Taeyoung Engineering Kolon Global

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