A high-ranking Hungarian official has revealed Qatar's intention to fund the construction of a liquefied natural gas (LNG) plant in Croatia, which is estimated to cost around USD 1 billion.
The tender comes as the ministry of transport strengthens efforts to develop one of the region’s most important trade hubs.
The project is part of a wider national scheme to encourage world-class productivity in the country’s petrochemical industry.
The proposed agricultural development is anticipated to raise the country’s food production output for domestic consumption and exports.
Algeria has stepped up efforts to develop its telecommunications industry by allotting a budget of approximately USD 3.5 billion for the renovation of the communications infrastructure in 48 provinces, an official source told Zawya.
The development is expected to deliver over 3,000 residential units to Diyala province’s housing market over the next two years.
The Egyptian government is eyeing the construction of small and medium petrochemical plants, which is estimated to cost around USD 2 billion, over a land area of 150 acres, a senior official told Zawya.
The container and logistics subsidiaries of Egypt's Holding Company for Maritime and Land Transport have submitted their bid for the third container-handling station at East Port Said harbor, the company's chairman told Zawya.
Iraqi contractor Al Faidh Al Hamea Co. will start constructing the Orange City residential complex in the governorate of Diyala in June, a source familiar with the project told Zawya.
Gary Clark, analyst at Roubini Global Economics, expects near-term fundamental weakness in crude oil pricing but sees spreads widening come summer as demand picks up.