Al-Bahar opens new branch in Oman

Al-Bahar opens new branch in Oman

Thursday, 17 January 2019 06:09

Al-Bahar has announced the opening of its newest branch office in Sohar through their sister company Oasis Trading and Equipment Co LLC

DSM’s coating for solar PV return bigger gains

DSM’s coating for solar PV return bigger…

Thursday, 17 January 2019 04:00

The Middle East region is one of the most attractive markets for the upcoming solar and PV sector. According to the 2019 Middle East Solar Industry Association (MESIA) released yesterday...

Saudi Arabia’s roadmap to sustainability

Saudi Arabia’s roadmap to sustainability

Wednesday, 16 January 2019 03:15

Speaking at the Future Sustainability Summit yesterday, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih explained the country’s roadmap to sustainability. He reiterated that the kingdom...

‘Bridge differences to bridge the sustainability gap’

‘Bridge differences to bridge the sustai…

Wednesday, 16 January 2019 03:09

Marking the beginning of the Year of Tolerance, H.E. Sheikh Nahayan Mabarak Al Nahyan, UAE Minister of Tolerance, urged the attendees at opening ceremony of The Future Sustainability Summit at...

Saudi Arabia awards first utility-scale wind project

Saudi Arabia awards first utility-scale …

Tuesday, 15 January 2019 04:45

The Renewable Energy Project Development Office (REPDO) of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources (MEIM) has awarded its Dumat Al Jandal wind project to the consortium led...

Greater water stability, bigger economic rise

Greater water stability, bigger economic…

Monday, 14 January 2019 04:50

Schneider Electric, the French multinational corporation that specialises in energy management, automation solutions, spanning hardware, software and services, is working with Dubai Municipality to explore Big Data analytics across drainage...

The Gulf still boasts some of the best project opportunities in the world

The Gulf still boasts some of the best p…

Sunday, 13 January 2019 03:38

Economist Moin Siddiqi has explored some of the opportunities to boost infrastructure growth in the GCC region

Hyundai E&C to complete work on Kuwait’s longest bridge this year

Hyundai E&C to complete work on Kuwa…

Thursday, 10 January 2019 04:35

Hyundai Engineering & Construction (Hyundai E&C) will complete the world’s longest landmark bridge in Kuwait this year

Saudi Arabia to begin Qiddiya project this year

Saudi Arabia to begin Qiddiya project th…

Wednesday, 09 January 2019 10:24

Construction of the recreational megaproject in Riyadh will begin this year, according to Mike Reininger, CEO of the Qiddiya project

Using fuel from waste for production

Using fuel from waste for production

Wednesday, 09 January 2019 06:01

Ras Al Khaimah-based Pioneer Cement Industries has signed an agreement with Emirates RDF for the use of fuel derived from household waste in its production plant

Masdar rolls out first all-electric bus service in Middle East

Masdar rolls out first all-electric bus …

Wednesday, 09 January 2019 04:01

Masdar, the Abu Dhabi Future Energy Company, has officially launched the first fully electric passenger bus – Eco-Bus – in the region in partnership with the department of transport in...

Abu Dhabi adopts new business policy for energy sector

Abu Dhabi adopts new business policy for…

Tuesday, 08 January 2019 04:00

The Department of Energy (DoE) in Abu Dhabi has adopted the “Business Continuity Policy” for the energy sector, which seeks to enhance performance and ensure a safe and sustainable supply...

Genset market recovering ‘cautiously’

Genset market recovering ‘cautiously’

Monday, 07 January 2019 12:55

Transformative technology and practices, which are evolving in the power sector, are to come under detailed scrutiny in Dubai in early 2019 with the staging of the two-day ‘Revolutionizing Power...

Continental commissions first driverless tyre test vehicle

Continental commissions first driverless…

Monday, 07 January 2019 07:27

Continental, premium German tyre and technology company, has commissioned the first driverless tyre test vehicle using pioneering technology based on the company’s automated Cruising Chauffeur

Atlantic Council’s Global Energy Forum soon in Abu Dhabi

Atlantic Council’s Global Energy Forum s…

Monday, 07 January 2019 04:28

The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on 11-13 January 2019 to set the global energy agenda for the year and examine the...

Isotope hydrology techniques improves Kuwait’s water management strategy

Isotope hydrology techniques improves Ku…

Sunday, 06 January 2019 08:43

Arid countries like Kuwait are increasingly focussing on techniques using stable isotopes to assess their groundwater resources and meet the challenge to manage the freshwater resources in a sustainable way...

Saudi Arabia ranks top in Mena construction market

Saudi Arabia viewThere is a potential pipeline of US$374bn projects to be awarded during the period Q3 2012-2013 in the UAE, Qatar, Egypt and Saudi Arabia. (Image source: Mini D)Saudi Arabia will grant approval for US$200bn worth of projects in the Middle East and Northern Africa (MENA) region during Q3 2012-2013, according to a new report

The country ranks first for active construction, with 1,026 projects costing $1.1 trillion currently in progress, representing the largest construction market in the MENA region. 

The Bank of America Merrill Lynch report, which assessed Meed contract awards data, revealed the majority of projects will be awarded in Saudi Arabia, (53.7 per cent) followed by the UAE, Qatar and Egypt. 

The total pipeline of construction and infrastructure project awards for the four countries stands at $157 billion and $110 billion (41.9 per cent and 29.5 per cent of the total, respectively), according to the report.

In Saudi Arabia, the pipeline of construction and infrastructure project awards are $90 billion and $39 billion, respectively (45 per cent and 19 per cent of the total).

Kuwait and Iraq construction in particular pushed down the total although year-to-date contract awards in the UAE, Qatar and Saudi Arabia increased by 25 per cent to $41bn, the report said.

During the past year, Egypt saw the largest number of projects cancelled and postponed while Qatar experienced the biggest rise in projects entering tender mode.

The UAE market has now transformed positively regarding its previous problem of severe project rationalisation and cancellations. $450bn worth of projects were put on hold between March 2010 and October 2011.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
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