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FINANCIAL NEWS
Arabtec, Samsung Engineering form JV
18 Apr 2013
(MENAFN) Arabtec signed an agreement today to establish a new company with Korea’s Samsung Engineering Co in order to boost energy development projects in the Middle East, reported Arabian Business
The firm will hold a 60 percent stake in the new establishment located in Abu Dhabi, while Samsung Engineering will hold the rest.
Both companies will invest in new oil and gas projects in the range of USD3 billion to USD10 billion across the region.
It is worth noting that the power boom in the region will need new investments in both the fossil fuel and renewable energy sectors.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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