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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

FDI in Sudan reaches US$20 billion

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FOREIGN DIRECT INVESTMENT (FDI) in Sudan has increased to US$20 billion, a top official said. "The volume of foreign investments in the country reached more than US$20 billion as of the end of last year," Dr Mustafa Othman Esmail, adviser to the president of Sudan, told Gulf News.

Esmail announced plans to hold the first Sudanese-GCC (Gulf Cooperation Council) Forum in Khartoum in the near future. "The forum, which will be held under the patronage of the government of Sudan, would focus on the economic, social and cultural issues with a wide participation of the GCC states and Sudan. Several prominent figures, including economic experts, writers, academics and officials will take part," he said. He said that discussions were held with Abdul Rahman Al Attiyah, Secretary- General of the GCC, about details of the forum. "A charter has been worked out in this respect and it will be signed during the forthcoming visit of a delegation from the GCC Secretariat-General to Sudan.

The delegation will be headed by Abdul Rahman Al Attiyah," he said. Esmail said that there has been an agreement with the GCC to create a permanent Sudanese GCC Forum. "This forum will work to boost bilateral relations in the economic, cultural, social and economic fields," he said, adding that broad outlines have been worked out. We are anticipating that the visit of the GCC Secretary General, after the Arab Summit, to be held in Doha recently, would herald a new era in boosting the ties of Sudan and the Gulf states," he said.

 

Business and Management

  • US$130mn Saudi Arabia power plant component order won

    Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.

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Executives Calendar

September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com