Masdar completes financing to develop Baynouna solar project in Jordan

Masdar completes financing to develop Ba…

Wednesday, 17 January 2018 08:08

Abu Dhabi Future Energy Company (Masdar) has announced that the financing of the largest solar power plant in the Hashemite Kingdom of Jordan has been completed

NEXTracker delivers solar trackers to Egypt’s Benban solar park

NEXTracker delivers solar trackers to Eg…

Wednesday, 17 January 2018 06:13

The global solar EPC company Sterling and Wilson has selected NEXTracker to supply 325MW of its single-axis solar trackers to the Benban solar park project in Aswan, Egypt

Dubai to get low-cost solar power day and night

Dubai to get low-cost solar power day an…

Tuesday, 16 January 2018 09:57

An ACWA Power-led consortium has been awarded the fourth phase of the Dubai’s Mohammed Bin Rashid Al Maktoum Solar Park, which is expected to provide electricity to the emirate throughout...

ENEC CEO highlights role of nuclear energy at the Global Energy Forum

ENEC CEO highlights role of nuclear ener…

Tuesday, 16 January 2018 06:13

The Emirates Nuclear Energy Corporation (ENEC) has participated in the second Atlantic Council Global Energy Forum in Abu Dhabi, held from 12-13 January 2018

Ajman Holding appoints CSCEC as the official contractor of Mirkaaz

Ajman Holding appoints CSCEC as the offi…

Sunday, 14 January 2018 06:33

The UAE-based Ajman Holding has signed an agreement with China State Construction Engineering Corporation (CSCEC) Middle East LLC to develop and construct shopping mall Mirkaaz in Ajman, which is expected...

Technical Review Middle East weekly digest - 7th- 11th January

Technical Review Middle East weekly dige…

Sunday, 14 January 2018 04:11

Here is a brief overview of the week’s news on Technical Review Middle East, from 7th- 11th January 2018

International FM leaders to convene at FM EXPO Saudi next week

International FM leaders to convene at F…

Thursday, 11 January 2018 06:34

The Facilities Management Leaders’ Summit will be organised on the opening day of FM EXPO Saudi and Saudi Clean Expo, to be held at the Jeddah Centre for Forums and...

SSAB’s Hardox Wear Plate steel to reduce downtime and increase output

SSAB’s Hardox Wear Plate steel to reduce…

Thursday, 11 January 2018 06:28

The UAE-based Star Cement has shifted from mild steel to SSAB’s Hardox Wear Plate steel grades, aiming to achieve a turnaround in its machinery downtime and increase production

Yahsat and Tanaza to increase public Wi-Fi hotspots globally

Yahsat and Tanaza to increase public Wi-…

Wednesday, 10 January 2018 10:56

Tanaza, the Italian Wi-Fi cloud management software provider, has signed a MoU with the UAE-based satellite operator Yahsat, aiming to provide Wi-Fi management platform for Yahsat’s satellite broadband services

Abu Dhabi to host fifth edition of EcoWASTE Exhibition

Abu Dhabi to host fifth edition of EcoWA…

Wednesday, 10 January 2018 06:27

With an aim to promote sustainable waste management and recycling across the Middle East and North Africa (MENA), the fifth edition of EcoWASTE Exhibition will be held in Abu Dhabi...

ACWA Power reaches financial close for three solar PV projects in Egypt

ACWA Power reaches financial close for t…

Tuesday, 09 January 2018 06:25

ACWA Power has reached the financial close of the three solar PV projects worth US$190mn under Round 2 of Egypt Feed-in-Tariff programme II, with an aggregate capacity of 165.5MWp

Al Naboodah launches new facilities management business

Al Naboodah launches new facilities mana…

Monday, 08 January 2018 08:11

Al Naboodah Group Enterprises (ANGE) is entering the facilities management (FM) industry with the launch of Al Naboodah Facilities Management

DP World invests more than US$1bn in global trade in 2017

DP World invests more than US$1bn in glo…

Monday, 08 January 2018 06:50

DP World has invested more than US$1bn in global trade opportunities in 2017, with an aim to diversify its business across the supply chain and explore smart innovation technologies

Technical Review Middle East weekly digest - 31st December - 4th January

Technical Review Middle East weekly dige…

Sunday, 07 January 2018 04:21

Here is a brief overview of the week’s news on Technical Review Middle East, from 31st December 2017- 4th January 2018

PDO’s headquarters in Muscat to be fully solar-powered

PDO’s headquarters in Muscat to be fully…

Thursday, 04 January 2018 08:32

The Petroleum Development Oman (PDO) headquarters at Mina Al Fahal will be completely powered by solar energy by the end of the year, a major stride towards its transformation into...

Engie acquires SPIE Group’s operation in Morocco

Engie acquires SPIE Group’s operation in…

Thursday, 04 January 2018 06:56

Engie has signed an agreement with the SPIE Group to acquire SPIE Morocco’s operations

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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