Switching to renewables could save GCC region up to US$87bn by 2030

Switching to renewables could save GCC r…

Tuesday, 21 November 2017 05:33

The GCC could save between US$55bn and US$87bn by 2030 when switching to renewable energy, event organisers announce ahead of the Big 5 Solar

2018 will be vital for UAE’s IoT sector, market to triple in 2019

2018 will be vital for UAE’s IoT sector,…

Monday, 20 November 2017 13:45

With the UAE’s Internet of Things (IoT) market tripling over the next two years, 2018 will be the vital year for organisations to undergo digital transformation, industry experts announced recently...

Burj Sabah adds to Dubai’s green building requirements

Burj Sabah adds to Dubai’s green buildin…

Monday, 20 November 2017 06:04

RSG International has introduced Burj Sabah, a premier residential venture in the plush Jumeirah Village, as a part of the company’s endeavour for green building requirements

Etihad ESCO wins solar PV project for DEWA’s water reservoirs

Etihad ESCO wins solar PV project for DE…

Sunday, 19 November 2017 08:00

Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar PV systems at Dubai Electricity and Water Authority (DEWA) water reservoirs

New HIMOINSA Power Cubes gensets with FPT engines

New HIMOINSA Power Cubes gensets with FP…

Sunday, 19 November 2017 04:42

HIMOINSA has developed seven new models of the Power Cube generator set with FPT engines and an electric radiator with a frequency changer to optimise the generator’s fuel consumption

Technical Review Middle East weekly digest - 12th - 16th November

Technical Review Middle East weekly dige…

Sunday, 19 November 2017 04:00

Here is a brief overview of the week’s news on Technical Review Middle East, from 12th - 16th November

Caterpillar Energy Services’ MWM TCG 3016 / CG132B generator series out now

Caterpillar Energy Services’ MWM TCG 301…

Friday, 17 November 2017 09:30

Caterpillar Energy Solutions has launched its new MWM TCG 3016 / Cat CG132B series that boast the highest efficiency in their output category

Financial criminals increasingly target cryptocurrency

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Friday, 17 November 2017 07:52

Group-IB has announced the key findings from its annual ‘Hi-Tech Crime Trends 2017’ report

Lifting capacity meets loading capacity

Lifting capacity meets loading capacity

Thursday, 16 November 2017 06:10

PALFINGER is expanding its comprehensive product portfolio in the heavy-duty crane segment to include another TEC-series model, the new PK 135.002 TEC 7 that offers an outstanding ratio of lifting...

Renewables to play major role in meeting growing energy needs

Renewables to play major role in meeting…

Wednesday, 15 November 2017 06:59

The resurgence in oil and gas production in the US, decline in the cost of renewables and growing electrification are changing the traditional ways of meeting energy demand globally, according...

UAE deputy PM visits Barakah nuclear plant

UAE deputy PM visits Barakah nuclear pla…

Wednesday, 15 November 2017 06:45

Sheikh Hamdan bin Zayed Al Nahyan, deputy prime minister and minister of state for foreign affairs in the UAE, has visited the Barakah Nuclear Energy Plant, to witness the site’s...

UAE-based MCB to participate for West Africa roadshow 2017

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Wednesday, 15 November 2017 06:39

The UAE-based Mineral Circles Bearings (MCB) has partnered with Automechanika Dubai, one of the region’s leading event organisers, for West Africa roadshow from 21-22 November 2017

Grieve introduces 500°F electric belt conveyor oven

Grieve introduces 500°F electric belt co…

Wednesday, 15 November 2017 06:24

Grieve has introduced No 892, a 500°F electrically-heated belt conveyor, which is currently used for curing sealant on filters at the customer’s facility

Faster cable identification with Brady's new wire identification printer applicator

Faster cable identification with Brady's…

Wednesday, 15 November 2017 06:24

The new Wraptor A6500 Wire Identification Printer Applicator from Brady can help increase production output by identifying cables with wrap-around labels in five seconds

Okada Aiyon Corp launch TOP205J hydraulic breaker

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Wednesday, 15 November 2017 00:04

Okada Aiyon Corp, Japanese leading demolition attachment brand, has introduced a new hydraulic breaker, TOP205J, which weighing 1800kg and suitable for 18 to 26 ton of class carriers. TOP205J can...

TS&S completes full turbine overhaul project for Siemens in Abu Dhabi

TS&S completes full turbine overhaul…

Tuesday, 14 November 2017 10:41

Turbine Services & Solutions (TS&S) has delivered the first full life overhaul on a Siemens Industrial Trent gas turbine

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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