Otis Brazil has won a significant contract to install 21 energy-efficient elevators and escalators at Rio de Janeiro's famous Maracana Stadium, the site of the 2014 FIFA World Cup final championship match and the 2016 Summer Olympics' opening and closing ceremonies.

Otis Brazil, a unit of Otis Elevator Company and United Technologies Corp, also recently won contracts to supply equipment at two other Brazilian World Cup stadiums, the Salvador Arena in Bahia and Pernambuco Arena in Sao Lourenco da Mata.


Norwegian EPC specialist Kvaerner has been awarded an engineering, procurement, construction and management contract for the Shell-operated Ormen Lange/Nyhamna onshore facilities on the west coast of Norway.

The contract, worth NOK 6 billion (excluding options), is a framework agreement for a duration of six years, with options for an additional two-plus-two years.


After a significant gold discovery at Hope Brook in Newfoundland, Castillian Resources is forging ahead with an aggressive drilling programme to extend the resource and take the project forward to the preliminary economic assessment stage. CEO Dr Bill Pearson talks to Gay Sutton about the project’s prospects.

In minerals exploration, some people seem to have a knack for spotting huge potential where others see nothing. Dr Bill Pearson, CEO and president of junior exploration company Castillian Resources, has the knack.


Complex chronic disease has been described as the number one health care challenge of the 21st century: Bridgepoint Health is dedicated to meeting this challenge, and is building a magnificent campus in downtown Toronto.


Irish convenience food producer Greencore Group has announced it will acquire US-based Marketfare Foods for £22.6 million.

Marketfare, which is headquartered in Arizona, is a leading manufacturer of food-to-go products for convenience and small stores in the US. Its principal customer is 7-Eleven, with whom it has partnered for over 20 years.


Adansi Gold Company, a wholly owned subsidiary of PMI Gold Corporation, is one of the most exciting gold mining companies in Ghana. With resources that are causing investors’ hearts to race, it is set to become a very important mid-tier producer in just a couple of years, as Thomas Amoah explains to Jane McCallion.


South Kazakhstan boasts one of the biggest phosphate deposits in the world. General director Mukash Iskandirov explains to Gay Sutton how the phosphate mining and manufacturing company Kazphosphate is introducing the latest technology to take advantage of the growing market for high quality phosphate products.


The eagerly awaited Deerfields Town Square Mall is just eight months from opening in Abu Dhabi. General manager Banu Tas talks to Gay Sutton about fulfilling the needs of the community.

In December this year, the new Deerfields Town Square Mall will be opening its doors to the public in the Al Bahiya area of Abu Dhabi, providing a much needed blend of shopping outlets, entertainment venues, restaurants and family activities for the rapidly growing communities living on the mainland close to the Emirate’s island capital. 


Botswana has transformed itself from a sleepy African country to a vibrant democratic economy and as Alan Swaby learns, its national airline is trying to emulate the country’s progress.

It’s an understandable aspiration that developing countries want to be represented on the larger international stage through their own national airline carrier. Understandable, but fraught with danger—at least of the economical kind—as many African countries have discovered to their cost.


 

The IFC, a member of the World Bank Group, and the Islamic Development Bank (IDB) have announced an investment of up to $100 million to support the construction of major infrastructure projects across the Middle East and North Africa.

The investment is part of an effort to stimulate economic growth in the MENA region. The IFC and IDB are each investing $50 million in the Arab Infrastructure Investment Vehicle (AIIV), part of the Arab Financing Facility for Infrastructure (AFFI), a joint initiative of the World Bank, the IDB and IFC.