Dubai and Abu Dhabi to build potable water interconnection network

Dubai and Abu Dhabi to build potable wat…

Wednesday, 16 August 2017 06:18

Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Water and Electricity Authority (ADWEA) have signed an MoU agreement to build a strategic water connection network between Dubai and Abu...

Deal for largest solar storage project signed in Jordan

Deal for largest solar storage project s…

Wednesday, 16 August 2017 05:55

Jordanian PV manufacturer Irbid District Electricity Company and EPC Philadelphia Solar are developing a 11MW generation site, which will be paired with a 12MWh lithium-ion battery, which will perform peak...

Energy Recovery wins US$2.5mn for desalination projects in Saudi Arabia

Energy Recovery wins US$2.5mn for desali…

Tuesday, 15 August 2017 06:11

Energy Recovery, provider of pressure energy technology for industrial fluid flows, has been awarded US$2.5mn to supply its PX Pressure Exchanger technology for desalination projects in Saudi Arabia

DEWA completes 70 per cent of M-Station expansion

DEWA completes 70 per cent of M-Station …

Tuesday, 15 August 2017 04:59

Dubai Electricity and Water Authority (DEWA) has announced that CEO Saeed Mohammed Al Tayer recently reviewed the progress of the M-Station expansion project, the newest and largest electricity generation and...

Bahrain’s non-oil growth hikes to 4.4 per cent in Q1 2017

Bahrain’s non-oil growth hikes to 4.4 pe…

Monday, 14 August 2017 06:18

Growth in the non-oil sector of Bahrain’s economy reached 4.4 per cent in Q1 2017, up from 3.7 per cent during 2016, according to Bahrain Economic Quarterly published by the...

Jebel Ali Free Zone trade hits US$80.2bn in 2016

Jebel Ali Free Zone trade hits US$80.2bn…

Monday, 14 August 2017 05:35

DP World has announced the growing of Dubai-based Jebel Ali Free Zone’s (Jafza) non-oil foreign trade by 17 per cent from 23.9mn to 27.9mn tonnes in 2016, worth US$80.2bn

Siemens to build two new substations in Egypt’s Delta region

Siemens to build two new substations in …

Sunday, 13 August 2017 08:04

In a new move aimed at improving the resilience of Egypt’s power grid, the Egyptian Electricity Transmission Company (EETC) has awarded Siemens a contract for the construction of two substations

Expo 2020 Dubai: SMEs win more than 50 per cent of 2017 contracts

Expo 2020 Dubai: SMEs win more than 50 p…

Sunday, 13 August 2017 06:37

The latest Expo 2020 Dubai report, prepared by The Big 5 Dubai, reveals that more than 15,000 businesses have registered their interest on Expo 2020 Dubai’s online procurement portal and...

Fluor’s phosphate project in Saudi Arabia begins production

Fluor’s phosphate project in Saudi Arabi…

Sunday, 13 August 2017 04:59

Fluor Corporation announced that it is providing programme management services for Ma’aden Waad Al-Shamal Phosphate Company’s (MWSPC) Umm Wual phosphate project in Saudi Arabia for the production of ammonia, merchant-grade...

Technical Review Middle East weekly digest - 6th August - 10th August

Technical Review Middle East weekly dige…

Thursday, 10 August 2017 16:25

Here is a brief overview of the week’s news on Technical Review Middle East, from 6th August - 10th August

Chicago Pneumatic provides continuous energy supply for new residential development in Dubai

Chicago Pneumatic provides continuous en…

Thursday, 10 August 2017 09:31

Fourteen stationary generators from Chicago Pneumatic are providing the essential power required for the construction of a luxury residential development besides the Dubai Water Canal

Transformers of the public realm

Transformers of the public realm

Thursday, 10 August 2017 06:26

Expert Talks: Robert Shakespeare, Group Design Director at Cracknell

Saudi Arabia halts commercial and working visit visas for UAE Muslim residents during Hajj

Saudi Arabia halts commercial and workin…

Thursday, 10 August 2017 05:45

Effective 7 August 2017, Muslim residents in the UAE are unable to apply for commercial and working visit visas for Saudi Arabia as consular processing is suspended during the busy...

Duabi Ruler HH Sheikh Mohammed bin Rashid Al Maktoum visits Expo 2020 Dubai site

Duabi Ruler HH Sheikh Mohammed bin Rashi…

Wednesday, 09 August 2017 14:06

Vice-President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum visited the Expo 2020 Dubai Site Office recently to assess the situation

Groupe Renault signs a new joint venture in Iran

Groupe Renault signs a new joint venture…

Wednesday, 09 August 2017 05:49

Groupe Renault has announced the signature of a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault...

Farnek first to offer smart weather forecasts in buildings

Farnek first to offer smart weather fore…

Tuesday, 08 August 2017 09:35

Facilities management (FM) company Farnek is the first facility manager to partner with hyper-local weather forecasting services provider, ArabiaWeather, to increase its efficiency and redirect resources across its FM projects...

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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