World’s first nuclear language proficiency standards established in the UAE

World’s first nuclear language proficien…

Monday, 15 October 2018 05:30

Nawah Energy Company (Nawah), the operator of the Barakah nuclear energy plant in the Al Dhafra region of Abu Dhabi, has become the first company in the world to develop...

Construction starts at DP World US$442mn Berbera port in Somaliland

Construction starts at DP World US$442mn…

Sunday, 14 October 2018 10:00

H.E. president of the Republic of Somaliland, Muse Bihi Abdi and DP World group chairman and CEO Sultan Ahmed bin Sulayem has launched the first phase of construction work at...

Masdar signs region’s first green revolving credit facility

Masdar signs region’s first green revolv…

Sunday, 14 October 2018 05:30

Masdar, Abu Dhabi renewable energy company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its...

Bee’ah and EVOTEQ launch UAE’s first AI platform for offices of future

Bee’ah and EVOTEQ launch UAE’s first AI …

Thursday, 11 October 2018 09:00

Bee’ah, sustainability solutions provider in the Middle East, and Evoteq, its technology partner, have announced the launch of the UAE’s first advanced artificial intelligence (AI) platform for offices of the...

IIS attacks spiked to 1.7mn from 2,000 in a quarter: eSentire report

IIS attacks spiked to 1.7mn from 2,000 i…

Thursday, 11 October 2018 05:30

Internet Information Services (IIS) attacks showed a 782 times increase, from 2,000 to 1.7mn, since the last quarter, according to a new threat report from eSentire, a pure-play Managed Detection...

L&T wins orders valued at US$252mn in Kuwait

L&T wins orders valued at US$252mn i…

Wednesday, 10 October 2018 09:00

Larsen & Toubro (L&T) Construction, Power Transmission and Distribution business has won EPC orders worth US$252mn in Kuwait

GE Power wins turbine contract for Egypt’s first nuclear plant

GE Power wins turbine contract for Egypt…

Wednesday, 10 October 2018 05:30

GE Power will deliver turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Russian-based power engineering company, Atomenergomash

DuPont helps Saudi Arabia’s SWCC transform operations to meet water objectives

DuPont helps Saudi Arabia’s SWCC transfo…

Tuesday, 09 October 2018 12:15

Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has achieved significant desalination goals with DuPont Sustainable Solutions (DSS) following a partnership in 2016 to help SWCC find ways to optimise operations...

SirajPower to install solar plants for Apparel Group in Dubai

SirajPower to install solar plants for A…

Tuesday, 09 October 2018 11:11

SirajPower, providing comprehensive turnkey solutions around solar rooftops in the UAE, continues its growth in Dubai with the signature of a new leasing agreement for a solar system with Apparel...

DEWA awards contracts worth US$25mn for 990 transformers

DEWA awards contracts worth US$25mn for …

Tuesday, 09 October 2018 10:30

Dubai Electricity and Water Authority (DEWA) has awarded contracts to design, manufacture, test and supply 11/0.4kV, 1,500kVA and 1,000kVA cast resin distribution transformers with LV smart meters to various international...

Nuix partner programme to expedite expansion plan in EMEA

Nuix partner programme to expedite expan…

Tuesday, 09 October 2018 07:00

Cybersecurity, risk, and compliance software company Nuix has announced the launch of a new partner programme in line with the company’s goals for expansion into the EMEA markets

Saudi Arabia invests US$133.3bn in industrial and service projects

Saudi Arabia invests US$133.3bn in indus…

Tuesday, 09 October 2018 05:30

Saudi Arabia has invested US$133.3bn in industrial, service and logistics projects and contracts in its efforts to cut dependence on oil and in diversifying the national economy

Bioenergy leads the growth of all renewables to 2023: IEA forecast

Bioenergy leads the growth of all renewa…

Monday, 08 October 2018 11:01

Modern bioenergy will have the biggest growth in renewable resources between 2018 and 2023, underscoring its critical role in building a robust renewable portfolio and ensuring a more secure and...

WGEO and GGGI launch joint initiative for funding of smart green cities

WGEO and GGGI launch joint initiative fo…

Monday, 08 October 2018 08:57

The World Green Economy Organization (WGEO) and the Global Green Growth Institute (GGGI) have signed a partnership agreement in Dubai to fast-track green investments into bankable smart city projects

Multotec builds high recovery water treatment plant in Oman

Multotec builds high recovery water trea…

Monday, 08 October 2018 07:01

Mineral processing specialist Multotec Group is commissioning a full-scale DeSALx plant to treat wastewater from a flue gas desulphurisation scrubber, at a minerals processing plant in Oman

Morocco plans to invest US$40bn in energy sector

Morocco plans to invest US$40bn in energ…

Monday, 08 October 2018 04:25

At the 11th Arab Energy Conference, Morocco announced that it will invest more than US$40bn in the energy sector by 2030

GCC construction surveyed ahead of Big 5 opening

GCC-construction-survey-Big-5-openingThe Big 5 will be co-located with PMV Live and Middle East Concrete.As The Big 5 rolls back into town, Technical Review takes a look at recent research carried out by Ventures Middle East on the growing amount of investment in infrastructure projects throughout the GCC region

Despite the “weak rhythm” in energy prices, a sound future for the region’s construction industry has been forecast by Abu Dhabi-based business consultancy Ventures Middle East in a report specially commissioned by the organisers of The Big 5 exhibition ahead of this year’s opening in Dubai on 17 November.

According to the report, GCC construction market 2014 – The boom, challenges and future outlook, countries within the GCC are being “perceived by global investors as a safe haven for international investment”.

When combined with a more recent Ventures Middle East report entitled GCC infrastructure market 2014 the results reveal that the good times may be set to return for the region’s construction industry.

Apart from the usual reasons for such confidence, the analysts cite preparations well under way for World Expo 2020 in Dubai and the FIFA World Cup 2022 in Qatar.

They also cite the general diversification of individual national economies, the construction of facilities for the increasing number of world-scale cultural and entertainment events, the growth of tourism in all its forms including religious, and the rapid expansion of a GCC-wide overland transport network with a particular focus on moving freight.

In a snapshot taken in May 2014, the current construction workload has been summed up by Ventures Onsite Projects’ database as Saudi Arabia accounting for 45 per cent of the total value of projects across the GCC, the UAE responsible for 31 per cent of projects across the community and Qatari projects accounting for 10 per cent of the total value. Together, projects in Bahrain and Kuwait add up to nine per cent.

Grouped together by value, ongoing buildings and infrastructure projects by country are listed as (infrastructure in brackets, all in US$ millions):

• Saudi Arabia: 787,101 (163,402)
• UAE: 621,788 (95,121)
• atar: 138,187 (103,022)
• Kuwait: 70,476 (32,871)
• Oman: 52,411 (32,121)
• Bahrain: 49,798 (14,270)

Aggregated construction contracts awarded by each country last year alone were: KSA – US$77,137mn; UAE – US$40,338mn; Qatar – US$18,022mn; Kuwait – US$11,169mn; Oman – US$10,922mn; and Bahrain – US$3,069mn.

“Contractor awards in the buildings and infrastructure sectors alone was US$119.05bn in 2013 and is anticipated to reach nearly US$134.11bn by 2014,” the mid-year report states. The UAE’s share of buildings and infrastructure-only awards of this amount is expected to reach US$37.8bn this year.

A list of key ‘movers and shakers’ in the period 2015 and beyond was also provided, which includes the preparations for World Expo 2020 in Dubai, the world’s tallest commercial tower in the same city, the revival of Kuwait’s Causeway project connecting Shuwaikh Port to the city, and the finalisation of work on the landmark Kingdom Tower in Jeddah.

“Regional and transportation linkages [are] the key to maximising growth potential of the GCC,” the authors say. But all of this will come at a price, including heavy demand on both building materials and labour.

No such single-sector report would be complete without a “Looking ahead” conclusion, presented in this case as a handy ‘check list for GCC construction market participants' based on simple tick-box questions designed for participants from overseas in particular.

As summarised by Technical Review, these include:

• Are you already licensed to do business here, with identified agents/distributors in place?
• Are your products specified with the professionals – architects and consultants – in the region?
• Is your company/its products and services registered with major government project owners?
• Are you registered with relevant government entities such as the Health Authority and those responsible for updating the Building Code?
• Have you established contacts with local contractors?
• Is your after-sales service and support mechanism in place?
• Do you have a marketing plan that demonstrates and showcases your products at events like The Big 5?

All in all, just what the visitor from overseas to the largest construction event held anywhere in the Middle East needs in the form of a concise background briefing.

The more recent of the two reports from Ventures ME, focusing specifically on rail transport, roads, airports, other ports and Free Trade Zones (FTZs), predicts that more than US$45bn of infrastructure contracts will be awarded by the end of the current year – twice the level of business achieved back in 2012.

The study says that US$97bn worth of rail contracts are already under way as the 2,100+ km GCC rail network aims for completion towards the end of the current decade. Spend on GCC airports over the next five years will approach US$300bn, while investment in seaports will be of the order of US$25bn. Doha’s New Port project, for example, should be completed in 2020, well in time for deliveries associated with the 2022 FIFA World Cup.

A vital part of most GCC countries’ infrastructure development takes place within FTZs, the consultants point out, with the UAE being the best example.

With this in mind, companies set to attend this year’s Big 5 exhibition at Dubai World Trade Centre will be looking to benefit from attending the show.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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