Utico grabs ‘Desalination Company the Year’ distinction award

Utico grabs ‘Desalination Company the Ye…

Monday, 29 May 2017 07:08

UAE-based Utico, GCC’s largest private utility company, has bagged the ‘Desalination Company the Year’ distinction award at the Global Water Summit 2017 for developing a revolutionary independent water and power...

Marafiq JV to build 300MW mega power plant in Oman

Marafiq JV to build 300MW mega power pla…

Sunday, 28 May 2017 07:35

Marafiq, a joint venture firm set up by Takamul Investment Company of Oman and Sembcorp Utilities of Singapore, is in the process of developing a 300MW-capacity power project in the...

Technical Review Middle East weekly digest - 21st - 25th May 2017

Technical Review Middle East weekly dige…

Friday, 26 May 2017 12:15

Here is a brief overview of the week's new on Technical Review Middle East, from 21st - 25th May 2017

Hormann’s new steel frame doors for food industry

Hormann’s new steel frame doors for food…

Thursday, 25 May 2017 06:45

Specifically designed for the food industry, Hormann has launched a new high-speed and flexible door type V 2515 Food L, which will optimise the flow of traffic, improve safety and...

Next gen air cooled screw chillers from Daikin exclusively for Middle East

Next gen air cooled screw chillers from …

Thursday, 25 May 2017 06:33

Global leading air conditioning manufacturer Daikin launched the next generation premium efficiency air cooled screw chillers – EWAD-MZ Series – at a high profile event in Dubai on 22 May

Honeywell launches Connected Technology for high-value freight solutions

Honeywell launches Connected Technology …

Thursday, 25 May 2017 05:08

Honeywell has launched sensor-based connected technology for freight solutions to make supply chain management more efficient and give the shippers and logistics companies the ability to monitor shipment of goods...

SDLG launches new variable horsepower graders in Middle East and Africa

SDLG launches new variable horsepower gr…

Wednesday, 24 May 2017 09:00

Global construction equipment brand Shandong Lingong Construction Machinery Co. Ltd. (SDLG) has launched variable horsepower versions of two of its biggest selling motor graders for Middle East and African markets

EMC delivers 50 Mercedes-Benz trucks readymix firm in UAE

EMC delivers 50 Mercedes-Benz trucks rea…

Wednesday, 24 May 2017 06:08

Emirates Motor Company (EMC) Daimler Commercial Vehicles has delivered 50 Mercedes-Benz Actros trucks to the UAE concrete firm Transgulf Readymix, believed to be one of the largest deals of its...

The Big 5 Construction Egypt to debut in Cairo in 2018

The Big 5 Construction Egypt to debut in…

Tuesday, 23 May 2017 06:46

The Big 5 Construction Egypt is set to be launched in Cairo Exhibition Centre for the first time from 15-17 September 2018, with an aim to assemble international leaders in...

GE signs deals worth US$15bn for projects in Saudi Arabia

GE signs deals worth US$15bn for project…

Monday, 22 May 2017 09:16

GE has taken significant steps in supporting the delivery of Saudi Vision 2030, by announcing in partnership with the kingdom a range of MoUs and projects valued at US$15bn, of...

North Africa’s construction market gains huge impetus with investment worth US$473bn

North Africa’s construction market gains…

Monday, 22 May 2017 06:57

The North African countries are expanding their construction sector with several active high-value projects with approximately US$473bn investment, shows BNC Project Intelligence’s recent market analysis

Imdaad wins US$1.63mn contract from Emirates Post Group

Imdaad wins US$1.63mn contract from Emir…

Monday, 22 May 2017 06:31

Imdaad, a leading integrated facilities management (FM) company based in Dubai, has signed a one-year contract worth US$1.63mn with Emirates Post Group (EPG) and as per the deal, the former...

LED Lighting Industry: Middle East to become one of the fastest growing markets

LED Lighting Industry: Middle East to be…

Sunday, 21 May 2017 07:55

City-wide lighting overhauls expected with huge growth opportunities for companies finds Frost & Sullivan’s Energy and Environment team  

Albwardy Damen wins two shipyard awards in the UAE

Albwardy Damen wins two shipyard awards …

Sunday, 21 May 2017 07:01

Albwardy Damen has received two shipyards awards within a month for excellence

SEWA and SNOC sign gas sales agreement for power generation in Sharjah

SEWA and SNOC sign gas sales agreement f…

Sunday, 21 May 2017 05:40

Sharjah National Oil Corporation (SNOC) and Sharjah Electricity and Water Authority (SEWA) have signed a full gas sales agreement (GSA) to supply natural gas for power generation in the emirate

Technical Review Middle East weekly digest - 14th - 18th May 2017

Technical Review Middle East weekly dige…

Sunday, 21 May 2017 04:00

Here is a brief overview of the week's new on Technical Review Middle East, from 14th - 18th May 2017

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.

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