Drake & Scull awards Transguard three-year MEP contract

Drake & Scull awards Transguard thre…

Thursday, 30 March 2017 06:04

Transguard has secured a three-year fixed mechanical, electrical and plumbing (MEP) contract for 650 employees with Drake & Scull International 

Saudi Arabia to create joint investment fund to aid Jordan

Saudi Arabia to create joint investment …

Wednesday, 29 March 2017 11:48

Saudi Arabia will set up a US$3bn joint investment fund for Jordan, among 15 cooperation agreements signed by King Salman bin Abdulaziz Al Saud during a visit to Amman

Industry collaboration supports integration of renewable electricity by enabling hydrogen addition to natural gas

Industry collaboration supports integrat…

Wednesday, 29 March 2017 07:13

DNV GL are leading the HyReady Joint Industry Project to ‘be ready for hydrogen’

Omantel replaces and expands national power park with John Deere-powered SDMO gensets

Omantel replaces and expands national po…

Tuesday, 28 March 2017 07:14

Oman’s leading telecoms provider Omantel replaces and expands national power park with John Deere-powered SDMO generator sets

Mercedes-Benz to supply 540 trucks to Saudi Arabia’s Al Khaldi Transport Group

Mercedes-Benz to supply 540 trucks to Sa…

Tuesday, 28 March 2017 07:03

Al Khaldi Transport Group, from Damman, Saudi Arabia, has ordered 540 medium and heavy-duty Mercedes-Benz trucks, with all 540 trucks coming with a full service and maintenance contract

DEWA and GE to collaborate on 3D printing and additive manufacturing projects

DEWA and GE to collaborate on 3D printin…

Tuesday, 28 March 2017 04:35

Dubai Electricity and Water Authority (DEWA) has signed an MoU with GE Additive to collaborate on 3D printing, additive manufacturing and digital technologies for the ‘Industrial Internet’

Alara Resources signs off-take agreement for Oman’s copper mine

Alara Resources signs off-take agreement…

Monday, 27 March 2017 05:47

Alara Resources Limited, an Australian minerals exploration company with projects in Saudi Arabia and Oman, has signed an off-take agreement for the supply of copper concentrate from Al Hadeetha Project...

The Big 5 Saudi 2017 will host more than 500 exhibitors

The Big 5 Saudi 2017 will host more than…

Sunday, 26 March 2017 08:22

The seventh edition of Saudi Arabia’s largest and fastest growing construction show will open its doors to thousands of industry professionals tomorrow at the Jeddah Centre for Forums and Events...

JCB Power Products wins US$11.22mn rental order in Middle East

JCB Power Products wins US$11.22mn renta…

Sunday, 26 March 2017 05:51

Generator manufacturer JCB Power Products has won its biggest export order of the year for its new RS rental range with a multi-million dollar deal in the Middle East

Technical Review Middle East weekly digest - 19 - 25 March

Technical Review Middle East weekly dige…

Sunday, 26 March 2017 04:00

Here is a brief overview of the week's new on technicalreview.me/, from 20 - 27 March 2017

Demag KBK modular cranes now come with lower load capacity

Demag KBK modular cranes now come with l…

Sunday, 26 March 2017 03:23

Extending cranes in the lower load capacity range have been added to the Demag KBK modular crane construction kit

Moroccan tech city boosted by US$10bn preliminary funding deal

Moroccan tech city boosted by US$10bn pr…

Thursday, 23 March 2017 07:15

The new industrial and technology hub, located close to the city of Tangiers, will be funded by Chinese group Haite 002023.SZ, BMCE's Bank of Africa and the Moroccan government According to Construction News, the...

DEWA CEO reviews Phase III of Mohammed bin Rashid Al Maktoum Solar Park

DEWA CEO reviews Phase III of Mohammed b…

Thursday, 23 March 2017 04:38

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), met with Mohammed Jameel Al Ramahi, CEO of the Abu Dhabi Future Energy Company (Masdar) to...

DP World CEO and Panama President discuss logistics and industrial parks in Panama

DP World CEO and Panama President discus…

Wednesday, 22 March 2017 06:51

DP World Group chairman and chairman of Ports, Customs and Freezones Corporation Sultan Ahmed Bin Sulayem met with the President of Panama Juan Carlos Varela to explore logistics and industrial...

MB Crusher can turn equipment into one-machine mobile plant

MB Crusher can turn equipment into one-m…

Wednesday, 22 March 2017 05:20

MB Crusher – together with its branch office MB America, Inc. – had a huge showcase at CONEXPO-CON/AGG 2017 in Las Vegas, crushing and screening with an excavator and skid...

SDLG wheel loaders provide reliability at Qatar quarry

SDLG wheel loaders provide reliability a…

Tuesday, 21 March 2017 06:23

Three SDLG wheel loaders are working round-the-clock feeding, crushing and screening equipment in Qatar, without any significant downtime

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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