Sunday, April 21, 2024
For more than 25 years, Omsk, one of Russia’s largest cities, located deep in Siberia, has had an ongoing project to build a subway to serve its more than 1 million residents. After spending billions of rubles over that period, engineers have almost nothing to show for their efforts: one...
The Egyptian government approved on Wednesday an agreement to establish a Russian industrial zone in East Port Said with $7 billion in investments, according to Egypt Today. Negotiations over the project began in 2014. The industrial zone is set to be built on a 5.25 million-square-meter plot of land over...
Austria’s formwork company Doka GmbH, a branch of the Umdasch Group AG, will initiate construction of its first formwork plant in Russia’s Lipetsk Special Economic Zone, RIA news agency reported. According to the press secretary of the Lipetsk Economic Zone, Elena Syomina, full works on the plant should start by...
IPSCO, the U.S. unit of Russia’s largest producer of steel pipes for the oil and gas industry, TMK, is expected to benefit from new U.S. import tariffs on steel and aluminum imposed by President Donald Trump, the company said. TMK said IPSCO did not import steel, so should benefit from...
The construction of a new power unit at the Tianwan Nuclear Power Plant (NPP) in China will begin in 2021, according to Russia’s state nuclear corporation Rosatom. It is the biggest joint NPP project between the two nations. “Together with the Chinese partners, we have already built four power units at...
A Russian company is planning to build the country’s first private spaceport for suborbital flights, Moscow-based daily newspaper Izvestya reports. The project’s price tag is expected to reach $40 million. The facility could be constructed on the territory of the Nizhny Novgorod Region or in Tatarstan, according to the report.  One...
Cuba and Russia created in Havana the first joint venture to produce construction materials, between the two countries, Granma reported. The communist country’s official daily newspaper called the move a sign that “nothing stops the alliance” between Russia and Cuba. Teccomp Caribe S.A., formed between the Cuban trading company Siment Aut...
Zvezda Shipbuilding Complex has been licensed to build LNG tankers with membrane tanks. The Technical Assistance and License Agreement (TALA) was signed with the French engineering company Gaztransport & Technigaz (GTT), Rosneft has reported. Preparing for licensing, Zvezda made a sample membrane tank thus confirming is competency, Sea News...
Prices for luxury apartments in Moscow are rising at a second-fastest pace in the world, Kommersant reports citing a survey by real estate agent Knight Frank. According to the real estate consultancy’s report, which covered the first quarter of this year, out of 45 major global cities, only Berlin...
An ongoing dispute between two Azerbaijan-born real estate tycoons could become a new source of contention in the up-and-down relations between Moscow and Berlin, the International Policy Digest writes. German-based businessman Ilgar Hajiyev alleges that his former partner, Moscow-based billionaire God Nisanov, illegally seized hundreds of millions of dollars in...