Driving UAE’s logistics business with RSA National’s new cargo terminal

Driving UAE’s logistics business with RS…

Thursday, 20 September 2018 05:00

RSA National, the joint venture between US-based National and UAE-based RSA Global, has its new air cargo terminal, located airside at Dubai World Central (DWC)

Tadweer opens new waste recycling facility in Abu Dhabi town

Tadweer opens new waste recycling facili…

Thursday, 20 September 2018 04:00

Abu Dhabi Waste Management Centre (Tadweer) has opened a new facility to recycle construction and demolition waste in Ghayathi in Al Dhafra region of Abu Dhabi, as part of Abu...

Masdar to deliver five-megawatt battery-storage solar plant in Seychelles

Masdar to deliver five-megawatt battery-…

Thursday, 20 September 2018 04:00

Abu Dhabi Future Energy Company (Masdar) is set to help the Public Utilities Corporation (PUC) in building a five-megawatt solar photovoltaic (PV) power plant with battery storage in the Republic...

New QAS 5 mobile diesel gensets from Atlas Copco

New QAS 5 mobile diesel gensets from Atl…

Wednesday, 19 September 2018 04:00

Atlas Copco has launched the fifth generation of its flagship QAS generators range, aiming to provide a smooth transition and increase productivity during operation

SM rotary screw compressors from Kaesar

SM rotary screw compressors from Kaesar

Wednesday, 19 September 2018 04:00

Kaeser Compressors, Inc, Germany-based manufacturer of compressed air and vacuum products, has launched new SM series rotary screw compressors, aiming to provide efficient and service-friendly operations

Alstom wins O&M contract worth US$854mn for Riyadh Metro lines

Alstom wins O&M contract worth US$85…

Tuesday, 18 September 2018 11:06

Alstom has received a Letter of Award (LoA) from Arriyadh Development Authority (ADA) to provide operation and maintenance services for lines 3, 4, 5 and 6 of the Riyadh Metro over...

ABB’s OPTIMAX® solutions aim at energy costs reduction

ABB’s OPTIMAX® solutions aim at energy c…

Tuesday, 18 September 2018 04:00

The new OPTIMAX® solution from ABB helps enable industrial, commercial and power generation companies to reduce energy costs and site emissions by optimising the aggregation and dispatch of energy sources

Firm builds Saudi Arabia’s Qiddiya resort with semi-permanent solutions

Firm builds Saudi Arabia’s Qiddiya resor…

Tuesday, 18 September 2018 04:00

Qiddiya, the first-of-its-kind entertainment resort in Saudi Arabia, has been launched in record time using semi-permanent building technology

Abu Dhabi to host the 2019 edition of the World Energy Congress

Abu Dhabi to host the 2019 edition of th…

Monday, 17 September 2018 05:35

The 2019 Abu Dhabi World Energy Congress will run from the 9-12 September 2019 at the Abu Dhabi National Exhibition Centre (ADNEC), discussing a fresh perspective on how to resolve...

Arabsat and Newtec to launch satellite services in Middle East and Africa

Arabsat and Newtec to launch satellite s…

Monday, 17 September 2018 04:00

Belgium-based Newtec, a specialist in designing, developing and manufacturing equipment and technologies for satellite communications, has signed a contract with Arab Satellite Communications (Arabsat), a move that aims to see...

DEWA CEO inspects R&D Centre at Dubai solar park

DEWA CEO inspects R&D Centre at Duba…

Monday, 17 September 2018 04:00

Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA), has visited the R&D Centre at the Mohammed bin Rashid Al Maktoum Solar Park, aiming...

Ambitious climate action can lead to higher productivity: WRI report

Ambitious climate action can lead to hig…

Sunday, 16 September 2018 15:57

It’s a fact: existing resource-intensive, unsustainable businesses will be left behind in the near future. A World Resource Institute (WRI) report explains

China Telecom Global selects Teraco for interconnection hub

China Telecom Global selects Teraco for …

Thursday, 13 September 2018 04:00

China Telecom (Africa and the Middle East) Limited (CTMEA), the Middle East and Africa subsidiary of China Telecom Global (CTG), has announced to establish an interconnection network and telecommunications hub...

Saudi Arabia reveals railway expansion plans for passengers and freight

Saudi Arabia reveals railway expansion p…

Wednesday, 12 September 2018 05:39

Saudi Arabia plans to turn the kingdom into a global logistics hub with an expanded network of commercial and industrial freight services

BKT makes its debut at Automechanika 2018

BKT makes its debut at Automechanika 201…

Wednesday, 12 September 2018 04:00

Balkrishna Industries Limited (BKT) has made its debut at Automechanika, the world’s leading trade fair for the automotive service industry, running in Frankfurt from 11-15 September 2018

WGES to accelerate talks on green capital

WGES to accelerate talks on green capita…

Wednesday, 12 September 2018 04:00

Green capital will be the focus of discussions at the annual World Green Economy Summit (WGES 2018), taking place from 24-25 October 2018, amid the global commitments to build a...

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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