Jacobs secures key role on Etihad Rail project in the UAE

Jacobs secures key role on Etihad Rail p…

Sunday, 15 July 2018 12:02

Jacobs Engineering Group has been selected by Etihad Rail to deliver critical technical and programme consulting services for the UAE’s largest and most vital national freight and passenger railway network

FPT Industrial solutions to drive Teksan Generators

FPT Industrial solutions to drive Teksan…

Sunday, 15 July 2018 07:33

Teksan Generator has selected FPT Industrial for a long-term partnership to supply it with the full FPT Industrial Power Generation G-Drive line-up

MAN to power gas-engine power plant in Oman

MAN to power gas-engine power plant in O…

Sunday, 15 July 2018 05:28

MAN Energy Solutions has won the order from Oman Liquefied Natural Gas (Oman LNG) to equip a new power plant with nine MAN 51/60 gas engines

Waste management efforts step up in GCC

Waste management efforts step up in GCC

Thursday, 12 July 2018 10:00

Waste, and getting rid of it in a manner that makes sense for the economy and the environment, is an issue that has been getting much more attention and investment...

Etisalat to provide 5G services for Expo 2020 Dubai

Etisalat to provide 5G services for Expo…

Thursday, 12 July 2018 06:28

Expo 2020 Dubai has become the first major commercial customer to access 5G services provided by UAE-based telecom provider Etisalat

Oman aggregate plant relies on SDLG wheel loader

Oman aggregate plant relies on SDLG whee…

Thursday, 12 July 2018 04:21

Operations at a sand and aggregate plant in Oman have been boosted by the arrival of a new SDLG L958F wheel loader, part of the latest F-series machines

Haya Water’s wastewater investment outlay reaches US$15.59bn

Haya Water’s wastewater investment outla…

Wednesday, 11 July 2018 06:56

Oman’s Haya Water has started the work on the master plan to supply 979cu/m of water per day to 4.1mn residents by 2045 

New power plant to help boost Saudi Arabia’s electric power industry

New power plant to help boost Saudi Arab…

Wednesday, 11 July 2018 04:19

The Saudi Electricity Company (SEC) has started operating the Waad Al-Shamal plant, which partially depends on solar power to generate electricity, as part of its efforts to support economic and...

Iraq offers US$30bn FDI opportunity, says Frost & Sullivan

Iraq offers US$30bn FDI opportunity, say…

Tuesday, 10 July 2018 06:48

In line with Iraq’s ambitious aim to implement a stable macroeconomic framework in the country, the government seeks to unlock potential investment opportunities in both the oil and gas as...

Bobcat telehandler gains customer’s trust

Bobcat telehandler gains customer’s trus…

Tuesday, 10 July 2018 06:02

Bobcat’s telehandler range has helped Dubai’s Fujairah National Construction Company (FNC) complete projects on time

5G plays a crucial role in the future of AVs, says Gartner

5G plays a crucial role in the future of…

Monday, 09 July 2018 06:25

With 5G network capability, communications service providers (CSPs) seek to secure future market opportunities with autonomous vehicle (AV) manufacturers in enhancing driver safety and data management, according to Gartner, Inc,...

Quick coupler systems and attachments from Liebherr

Quick coupler systems and attachments fr…

Monday, 09 July 2018 04:06

Liebherr-Hydraulikbagger GmbH develops and manufactures innovative attachments and quick coupler systems that can be used for both hydraulic excavators and material handlers from Liebherr as well as for machines from...

RTA completes 3.2km of tunnel drill works for Route 2020

RTA completes 3.2km of tunnel drill work…

Sunday, 08 July 2018 10:34

The Roads and Transport Authority (RTA) in Dubai has announced the completion of key tunnelling works of Route 2020 Project stretching 3.2km at a depth ranging from 12 to 36...

Immensa and CCC unveil 3D printed formwork

Immensa and CCC unveil 3D printed formwo…

Sunday, 08 July 2018 06:21

The ‘Sensorial Adaptive Concrete Screen’ has been developed by Immensa Technology Labs, a UAE-based additive manufacturing specialist, in collaboration with Middle East’s construction firm Consolidated Contractors Company (CCC)

Al-Futtaim delivers Camry hybrid EVs in a move to boost sustainable transportation in UAE

Al-Futtaim delivers Camry hybrid EVs in …

Sunday, 08 July 2018 05:49

Al-Futtaim Toyota has announced the handover of 907 Toyota Camry hybrid electric vehicles (HEV) to Abu Dhabi’s Tawasul Transport, a subsidiary of Das Holding Group of Companies

‘Footsteps can help generate data and electricity’

‘Footsteps can help generate data and el…

Friday, 06 July 2018 10:57

An innovative power and data generation technology built on the durability of steel is changing the way our urban environments consider pedestrian foot traffic

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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