SINGAPORE > US based Google is set to build third data center in Singapore adding investment of $350 million.

google logo USA based internet giant Google is building a third data center in Singapore with an additional investment of $350 million bringing the total investment in Singapore to $850 million. To meet the demand of the rapid user growth in the region, Google’s third data center will be located in Jurong West which is in close proximity from its first two More …

INDIA > Asian Development Bank (ADB) and the Government of India signed a $84 million loan to improve water supply in the state of Bihar, India

Adb logo In order to finance water supply and improve and expand water supply in Bhagalpur and Gaya towns in Bihar, ADB and the Government of India has signed a $84 million loan. The loan was approved by the ADB Board of Directors in 2012 and is the tranche 2 loan which is the part of the $200 million multi tranche financing More …

NORWAY >  Germany based Siemens is set to digitalize the Norwegian Railway infrastructure which is the biggest rail infrastructure order in Siemens history totaling around 800 million Euros ($989.17 million)

Siemens logo1 Siemens is set to equip the entire Norwegian railroad network of approximately 4200 track kilometers. European Train Control System (ETCS) Level 2 type Trainguard combined with the interlocking type Simis W and IP-based wayside network communication solution type Sinet will be equipped in the railroad network. Siemens has also received a maintenance service for 25 years in the contract which More …

VIETNAM > Philippines based Metro Pacific Investment Corp. (MPIC) is set to acquire 45% in Vietnam’s Tuan Loc Water

metro pacific logo Philippines based conglomerate Metro Pacific Investments (MPIC) is all set to buy 45% stake in a water company in Vietnam. The deal comprises of acquiring 45% of the outstanding capital stock of BOO Phu Ninh Water Treatment Plan. BOO Phu Ninh Water Treatment Plan holds the license to distribute water in Chu Lai Open Economic Zone as well as round More …

CHINA > Germany based Thyssenkrupp Elevator opens a new plant and test tower in Zhongshan City, China

thyssenkrupp logo   Marking a major milestone in the company’s ambition, Thyssenkrupp Elevator opens its newest plant and test tower in Zhongshan City, China. Inaugurating the world’s highest elevator test towers in Zhongshan, China, Andreas Schierenbeck, CEO at thyssenkrupp Elevator said the following: “It is always our ambition to be close to our customers, and the testing process is important to ensure More …

SCOTLAND > U.S. based Neptune Research Incorporated (NRI) and IMG Composites have combined to become the largest composite repair corporation in the world

NRI logo Industry leaders in advanced composite repair solutions for the restoration, protection and reinforcement of pipe, pipelines and civil structures, NRI and IMG Composites have combined to become the largest composite repair corporation in the world. Revolutionizing the composite repair industry, the merger will unite two powerful and innovation driven companies to provide expertise and resources to clients globally. According to More …

INDIA > Asian Development Bank (ADB) approves funding for the Second Rural Connectivity Investment Program totaling $500 million in India

Adb logo To improve rural roads in five Indian states, ADB approves a multitranche financing facility (MFF) for the Second Rural Connectivity Investment Program. The investment program is set to construct and upgrade over 12,000 kilometers of rural roads in five Indian states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. The program builds on the first Rural connectivity investment program More …

GERMANY > U.S based Zenith Energy is set to acquire a liquid storage terminal facility in Hamburg, Germany from Shell

Shell logo Expected to close in the first half of 2018, Zenith Energy is set to acquire Shell’s liquid storage terminal facility in Hamburg, Germany. However the terms of the transaction has not been disclosed. Located in Germany’s largest seaport which is also the third largest container port in Europe, the 55 hectares terminal asset is located in the Port of Hamburg. More …