Thai navy outlines submarine plan but procurement faces funding hurdles janes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from janes.com Daily Mail and Mail on Sunday newspapers.
Saudi-based Red Sea International Company, one of the largest manufacturers of modular buildings in GCC, has appointed Khalid Mohammed Fagih as its new chief executive replacing Engineer Tareq Mohammed Telmesani who stepped down from his post recently.
USD 114.78 billion by 2028 while exhibiting a
CAGR of 6.1% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, “Modular Construction Market, 2021-2028.” The report further observes that the market stood at
USD 72.11 billion in 2020. Factors such as adoption of advanced lean manufacturing techniques and the growing infrastructure investment are expected to boost the adoption of the product globally. For instance, in March 2021, Finch Buildings, a Dutch sustainable building solutions provider, announced that it has raised over EURO 1 million with the help of Belgium-based AMAVI Capital to establish its presence globally. According to the European Union, 35% of the total waste generation in Europe is due to the construction sector. The company is a staunch believer of the fact that construction of wooden buildings is the solution going forward.
China launches fourth and final LMS for Royal Malaysian Navy
16 December 2020
by Gabriel Dominguez & Marhalim bin Abas
China’s Wuchang Shipbuilding Industry Group has launched the fourth and final Keris-class Littoral Mission Ship (LMS) ordered for the Royal Malaysian Navy (RMN) as part of a contract awarded in 2017 and renegotiated in 2019.
China’s Wuchang Shipbuilding Industry Group on 16 December launched the fourth and final Keris-class LMS on order for the RMN at the company’s facilities in Wuhan. (RMN)
The 68.8 m-long vessel (with pennant number 114) entered the water in a ceremony held on 16 December at the company’s facilities in Wuhan, and is now set to undergo a series of port acceptance tests and subsequent sea trials before being handed over to the RMN in November 2021 when it is also expected to be named.