Corporate World

Recent industry reports have shown that more than 5.8 million tourists from the Kingdom of Saudi Arabia travelled abroad in 2015, which reflects a 2.4 per cent increase as compared to 2014, with total expenses of around SAR 24.1 billion which indicate a growth rate of 11 per cent. According to these reports, the trips focused mainly on vacation travel, visits to relatives, business-related trips, study purposes, medical treatments and others.

Dabur International, one of the most trusted and recognized personal and healthcare companies in the world, has announced the launch of its Dabur Herb’l Smokers Toothpaste in the Middle East. With the launch, the company has unveiled a new concept in toothpastes that addresses the dental problems of the smoking community. Its herbal formula fights seven signs of smoker’s teeth, including hard yellow stains caused by nicotine, increased build up of plaque and tartar, and bad breath, resulting in extremely white teeth and long-lasting freshness.

Drake & Scull Engineering (DSE), the subsidiary of Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, Oil and Gas, and Water and Wastewater Treatment, has announced that it has secured a AED 121 million EPC (Engineering, Procurement & Construction) contract to design and install a chilled water distribution network for a prominent mixed use development in Dubai. The AED 121 million project win has helped DSI achieve AED 2.65 Billion in Total Project Awards across MENA and Asia, year to date.

Gulf Navigation Holding PJSC (DFM: GULFNAV), the Dubai-based shipping company, has confirmed the appointment of Parag Jain as the company’s new Chief Executive Officer (CEO). The confirmation is a welcome move as Jain has been serving in the capacity of acting CEO since May of this year. With over 20 years of experience in the marine and maritime industry, Parag’s dynamic leadership and proficiency in the business is expected to help steer the company’s journey towards more growth and development.

Following a moratorium on construction that had been in place since 1988, the County of San Luis Obispo, California, and Construction Manager HDR, undertook construction of a USD 180 million wastewater treatment system. Prior to the new collection system and recycling facility, the entire city relied on a septic system.