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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
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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