Hyperloop Transportation Technologies, a global leader in providing innovative solutions to the transportation industry, has signed an agreement with Ukraine government for building a planned commercial Hyperloop system in the country.

FOCUS ON KEY ARAMCO PROJECTS
UAE-based Lamprell, a major provider of fabrication, engineering and contracting services, said it will join hands with Saudi group Asyad Holdings to set up a joint venture company in the kingdom as part of its regional expansion strategy.

Maintenance, repair, and overhaul (MRO) companies will gain a valuable competitive advantage by leveraging IIoT-based technologies such as Big Data & Analytics, cloud infrastructure, and mobility, a report said.

UAE-based Metito, a provider of total intelligent water management solutions in the emerging markets, said its chairman and chief executive Mutaz Ghandour has been inducted into the council of International Desalination Association (IDA).

Internet infrastructure specialist Flexenclosure said it has completed construction of a data centre for global communications and IT provider CenturyLink in Ecuador.

The UAE continued to retain its position in the ‘green category’ for its positive supply chain environment during the fourth quarter (Q4) of 2017, according to the latest CIPS Risk Index.

STRATEGIC ALLIANCE
The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 billion in technology projects in 2019, head of RDIF Kirill Dmitriev was quoted as saying in a media report.

Dubai’s Roads and Transport Authority (RTA) said that the total ridership of public transport means and taxis of the RTA during Eid Al Fitr holidays 2018 had reached 3,794,320 riders.

ENGINEERING, CYBER SECURITY
KBR, a major engineering and construction company, said its global government services unit has been awarded a $900-million contract to provide specialised engineering, cybersecurity and intelligence solutions for a key US defence project.

The outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments said Moody's Investors Service in a new report.

Global marine terminal operator DP World has denied media reports stating that the Dubai firm was looking for an out of court settlement over its dispute with Djiboutian government over their illegal action in taking control of the port at Doraleh.

Inttra, the largest neutral network and information provider at the centre of the ocean shipping industry, said May was a record month for the company with four million requests for container bookings or shipping instructions on its platform.