Construction Industry News

APICORP: Saudi Arabia starts overhauling its power sector

APICORP: Saudi Arabia starts overhauling its power sector

17th October 2018

According to *Tradearabia news report, Saudi Arabia has started implementing a long-awaited overhaul of its power sector to curb rising demand and promote competition, according to Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank focused on the energy sector.[..]

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Oman to build four solar projects over next five years

Oman to build four solar projects over next five years

17th October 2018

According to *ME Construction News report, Oman intends to build four solar projects over the next five years. The utility-scale projects will cost an estimated $1.6bn and will be able to generate 1,600MW of renewable energy, said a report from the Oman Observer.[..]

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Abu Dhabi's CCI increases by 3.2% during Q2 2018

Abu Dhabi's CCI increases by 3.2% during Q2 2018

16th October 2018

According to *Tradearabia news report, Abu Dhabi's construction cost index (CCI) increased by 3.2 per cent during the second quarter compared with the same period in 2017, according to figures released by Statistics Centre - Abu Dhabi (Scad).[..]

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Construction of Dubai’s Route 2020 metro project 53% complete

Construction of Dubai’s Route 2020 metro project 53% complete

16th October 2018

According to *Constructionweekonline news report, the construction of Dubai’s Route 2020 metro project is 53% complete, it was announced following a review of the scheme by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.[..]

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