Stauff’s tube connector range takes safety to the next level

Stauff’s tube connector range takes safe…

Tuesday, 25 July 2017 12:09

Stauff Connect’s range of tube connectors for hydraulic systems, made of steel, comply with the latest version of the standards DIN 2353 and ISO 8434-1

DP World reports 10.7 per cent growth in Q2 2017

DP World reports 10.7 per cent growth in…

Tuesday, 25 July 2017 06:45

DP World Limited handled 34mn TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2 per...

CESI and Bahrain collaborate on renewable energy programme

CESI and Bahrain collaborate on renewabl…

Monday, 24 July 2017 05:15

CESI, technical consulting and engineering firm, has announced that it will develop technical and strategic regulatory requirements related to connecting distributed renewable energy resources into Bahrain’s national electricity grid owned...

DEWA CEO inspects work at MBR Solar Park Phase 3

DEWA CEO inspects work at MBR Solar Park…

Monday, 24 July 2017 05:14

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), recently reviewed the construction work at the Mohammed bin Rashid Al Maktoum Solar Park, situated about...

US$200bn investment required in renewable sector: MEED estimates

US$200bn investment required in renewabl…

Sunday, 23 July 2017 07:42

The Middle East and North Africa (MENA) region is looking to develop more than 67 GW of clean energy projects that are currently at various stages of the design and...

GE signs US$575mn agreement to help improve rail infrastructure in Egypt

GE signs US$575mn agreement to help impr…

Sunday, 23 July 2017 05:27

GE has signed a letter of intent (LoI) worth US$575mn with the Egypt’s Ministry of Transportation (MoT) and Egyptian National Railways (ENR) to supply 100 GE ES30ACi Light Evolution Series...

Technical Review Middle East weekly digest - 16th July - 20th July

Technical Review Middle East weekly dige…

Sunday, 23 July 2017 04:00

Here is a brief overview of the week’s news on Technical Review Middle East, from 16th July - 20th July

New control units for gas gensets by HIMOINSA

New control units for gas gensets by HIM…

Thursday, 20 July 2017 09:10

HIMOINSA has developed control units for gas-powered generator sets

Iron ore exports to Middle East from Brazil surge

Iron ore exports to Middle East from Bra…

Thursday, 20 July 2017 06:40

Iron ore exports from Brazil to Middle East countries fetched US$564.5mn in the first half of 2017, up 133 per cent from H1 2016, according to Brazilian Ministry of Industry,...

Chicago Pneumatic towers to light up oil and gas project in Kuwait

Chicago Pneumatic towers to light up oil…

Wednesday, 19 July 2017 08:32

Chicago Pneumatic has sold 100 CPLT V15 metal halide tough and efficient light towers in Kuwait to its authorised distributor General Transportation & Equipment Company (GTE)

Iran and Iraq sign deals for joint industrial parks

Iran and Iraq sign deals for joint indus…

Wednesday, 19 July 2017 07:48

Iran and Iraq have recently signed a memorandum of understanding (MoU) to establish joint industrial parks, according to news reports

UAE to set up waste-to-energy facility in Ras Al Khaimah and Fujairah

UAE to set up waste-to-energy facility i…

Wednesday, 19 July 2017 06:16

The UAE Ministry of Climate Change and Environment (MOCCAE) has signed a memorandum of understanding (MoU) with Abu Dhabi’s future energy company Masdar and Bee’ah to develop a waste-to-energy conversion...

Bahri and Bolloré Logistics launch joint venture in Saudi Arabia

Bahri and Bolloré Logistics launch joint…

Wednesday, 19 July 2017 05:00

Bahri, transportation and logistics solutions provider, has signed an agreement with Bolloré Logistics to establish a new logistics joint venture and this new cooperation will serve the needs of customers...

Visa Group to increase use of DEUTZ engines in its ranges

Visa Group to increase use of DEUTZ engi…

Tuesday, 18 July 2017 10:14

Engine manufacturer DEUTZ and Italian genset manufacturer Visa Group are expanding their supply agreement and soon Visa SpA, with its brands such as Onis Visa, Nettuno and Tecnoplus S.A., will...

Kim Fausing takes over as Danfoss CEO

Kim Fausing takes over as Danfoss CEO

Tuesday, 18 July 2017 06:36

Kim Fausing took over as the new president and CEO of Danfoss, with effect from 1 July 2017, and has announced that he will continue the Danfoss strategy, focusing on...

Masdar Institute’s new technology to make solar thermal power generation more affordable in UAE

Masdar Institute’s new technology to mak…

Monday, 17 July 2017 07:51

The Masdar Institute of Science and Technology today announced the development of a high-performance solar absorber that could make solar thermal technologies significantly more efficient

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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