RIYADH: Dubai’s property developer Damac expands footprint into the US with a major Miami-based project. Oman’s OQ is set to launch two new strategic reserves facilities in the sultanate. In addition, the Saudi Water Partnership Co. has invited bids from several firms for the development of Makkah-based independent strategic water reservoirs. Meanwhile, Zain Bahrain has collaborated with LSS Technologies for the deployment of the first 5G deployment project in the country.
· Emirati property development company Damac has expanded its footprint into the US real estate market with a $120 million bid to buy land in Miami, Trade Arabia reported. Also referred to as the Surfside project, the property is set to be located on 1.8 acres.
· Oman’s national petroleum investment company, OQ, is on track to launch a strategic reserves facility in Salalah in the south and another facility in Musandam in the north, MEED reported. Contractors are expected to submit technical bids by July 20 followed by commercial bids due on Aug. 24.
· The Saudi Water Partnership Co. has invited as many as 17 firms to bid for a contract to establish the first-ever independent strategic water reservoir in Makkah, MEED reported.
· Telecom firm Zain Bahrain has partnered with local LSS Technologies to launch the first advanced streetlight solution that works on strengthening 5G deployment in the country, Trade Arabia reported. In line with the Gulf country’s Vision 2030, the new solution aims to bolster 4G and 5G coverage in addition to providing reliable connectivity for end-consumers.
