RIYADH: UAE-based five-company consortium Pearl Petroleum Co. has announced plans to resume work on the SR2.3 billion ($630 million) KM250 expansion project located at the Khor Mor field in Iraqi Kurdistan. This comes as the project was put on hold back in June after rocket attacks were targeting the site. Island Project Dubai-based asset management group Wasl has set a Nov.15 deadline for the main construction works contract for ‘The Island Project in Dubai’, MEED reported. Located off the coast of Umm Suqeim, the island is projected to be home for 1,400 hotel rooms as well as apartments, retail, food & beverage, among other entertainment picks. Skyborn Emirati state-owned holding firm Mubadala Investment Co. has announced that it has acquired a stake in offshore wind energy company Skyborn Renewables, Trade Arabia reported. The Germany-based firm has a pipeline of differentiated offshore wind projects across various development stages amounting to an estimated 30 GW. Makkah municipality offers investment opportunities to private sector The Makkah municipality offers a number of investment opportunities including projects to build a vehicle transportation center and hospital, as part of its strategy to stimulate economic movement in different parts of Makkah. This comes with an aim of driving the participation of a large number of entrepreneurs in investment projects in the region, Saudi Press Agency reported. They included the construction, operation and maintenance of a vehicle transportation services center project, spanning an area of 6,304 sq.m. for a period of 25 years. In addition to the construction, operation and maintenance of a hospital for extended medical care, the municipality offered another project to develop, operate and maintain Al-Arak Park and Al-Naseem Walkway in the Al-Awali district.