ADES Group Secures New Drilling Contract in Egypt’s Gulf of Suez
ADES Holding Company, a subsidiary of the Saudi Arabia-based ADES Group, secures a new drilling contract in Egypt’s Gulf of Suez with Suez Oil Company (SUCO) valued at SAR 161 million. The contract reflects ADES’ continued expansion in the region, with recent contracts in Qatar and Thailand. CEO Dr. Mohamed Farouk expresses excitement over the partnership with SUCO and highlights the company’s agility in redeploying rigs in Saudi Arabia. The contract in Egypt includes a higher daily rate, showcasing ADES’ success in the competitive jack-up rig market.
Qatar’s Elevators and Escalators Market Set for Significant Growth
Qatar’s elevators and escalators market is projected to grow at a CAGR of 4.29% from 2023 to 2029, with a focus on infrastructure development for major sporting events like the FIFA World Cup in 2022 and the AFC Asian Cup 2023. Strategic partnerships in the technology sector and initiatives like Accessible Qatar are also shaping the country’s development, aiming to improve accessibility and cybersecurity.
Jordan and Qatar to Face Off in Unexpected Asian Cup Final
The Asian Cup final will feature an unexpected showdown between underdog teams Jordan and Qatar. Despite their small populations, both teams have defied expectations and are gearing up for an exhilarating clash. Jordan, ranked 87th in the world, has turned heads with impressive performances, while Qatar, the host nation and favorite, seeks a second consecutive championship title. The final promises to be an enthralling showdown between David and Goliath.