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THE BIG PICTURE
01 UNITED STATES
Siemens Smart Infrastructure acquires digital twins software from EcoDomus Siemens Smart Infrastructure has signed an agreement to acquire digital twin software for buildings from EcoDomus, a US-based company. Siemens Smart Infrastructure explained that the move will help expand its digital building portfolio. The EcoDomus software creates, maintains and visualises BIM-based digital building twins, making design and construction data available for building operations and maintenance.
03 TURKEY
02 ITALY
IVECO launches heavy duty truck line-up for Middle East IVECO announced its much-anticipated heavy duty truck line-up for the Middle East at a live at Dubai Autodrome. The new off-road truck IVECO T-WAY and the on-road truck IVECO S-WAY were both revealed at a live European virtual launch at the beginning of June, but a series of dedicated days at the Dubai Autodrome was the region’s first chance to see and test the new IVECO WAY range. The launch event included a dedicated test drive on an on-road and off-road track.
Turkey’s Folkart opens first international office in Dubai Folkart, the Izmir-based construction company and a reputable Turkish brand, has announced the opening of its first international office in Dubai. In a statement, the firm said that its Dubai office precedes the launch of offices in Berlin and Cologne, where it has been working with partner companies to target the German market. The Dubai office opening was celebrated with an event that took place at the Mandarin Oriental Jumeira Hotel in Dubai.
04 REPUBLIC OF CONGO
06 SAUDI ARABIA
DP World and DRC to develop deep-sea port in Banana
Saudi PIF to invest $266bn into new projects by 2025
An agreement between DP World and the Democratic Republic of the Congo (DRC) will see construction of the country’s first deep-sea port begin within 12 months. The port will be located in Banana, along the country’s 37km coastline on the Atlantic Ocean. The development of Banana Port will bring significant cost and time savings for the country’s trade, as it will attract more direct calls from larger vessels from Asia and Europe. It will also directly benefit the Congo Central province in terms of economic development.
January 2022 | MEConstructionNews.com
05 EGYPT
Egypt building 17 smart cities across the country The Egyptian Minister of Communication and IT has revealed that the North African country is building 17 smart cities that will be completely reliant on technology, a project that is part of an ambitious target to provide internet access to more than 58 million people over the next three years. Amr Talaat said that the Egyptian government aims for to reach 25,000 villages across the country. He added that Egypt is working on several projects to increase broadband coverage to remote and far-flung regions of the country.
Saudi Public Investment Fund (PIF), the Kingdom’s sovereign wealth fund, has revealed plans to invest up to $266 billion into new projects by 2025. PIF Governor Yasir Al Rumayyan, during a speech at the Saudi Budget Forum said that the PIF has been instrumental in creating more than 400,000 direct and indirect job opportunities between 2017 and Q2 2021. “The fund continues to achieve its goals for 2025, which are to pump $266.5 billion into new projects, and the volume of assets under management to reach $1 trillion.”
