Troubled $4 Billion Amazulu World Project in South Africa

New protest over Ruwaad's $4bn South African plan
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Dubai-based developer Ruwaad has been warned to prepare for major disruption to construction work if it goes ahead with its propsed $4 billion Amazulu World project in South Africa. ...

Shanghai Planning to Build Tallest Building

Shanghai defies slump with tallest building plan
Reuters - USA
SHANGHAI, Nov 27 (Reuters) - Three months after opening the world's second tallest skyscraper, Shanghai is about to start construction of an even taller building, defying an economic slowdown and slumping property values across the country.

Work on the 632-metre (2,073-foot) Shanghai Tower, expected to cost $2.2 billion, will begin in the city's Lujiazui financial district on Saturday and is expected to be completed in 2014, developers said on Thursday. ...

Siemens AG Won Supply of Two Electric Substations to DEWA (Dubai) Worth 200 Millions

Siemens signs euro200M Dubai transformer deal
Assosiated Press
Industrial conglomerate Siemens AG said Thursday it has signed a euro200 million ($258 million) deal to supply two electric transformer substations to the Dubai Electricity and Water Authority. ...

 

Summary About Siemens AG:

Siemens AG (Siemens) is engaged in electronics and electrical engineering. The Company's operations include designing, manufacturing, marketing, selling and servicing products and systems. The Company's segments include its Groups, Financing and Real Estate business, as well as its Strategic Equity Investments. Click here to visit Siemens AG website.