Construction Industry News

King Khalid International airport, Riyadh MEP contract worth US$ 109 mn awarded to Akfa Contracting

King Khalid International airport, Riyadh MEP contract worth US$ 109 mn awarded to Akfa Contracting

26th July 2014

The US$ 109 million (SR 408.8 million) contract for the MEP works on Terminal 5 of the Riyadh King Khalid International Airport has been awarded to Turkey based Akfa Contracting, according to Construction Week Online.The estimated date of completion is between May and June 2015 as per the terms of the contract, which is to be undertaken as a joint venture between main contractors TAV and ACC on the 120,000 square meter project.[..]

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KSA launches US$ 55 mn housing project in Madinah

KSA launches US$ 55 mn housing project in Madinah

24th July 2014

As per reports in the Arab news, a Saudi daily, Madinah Gov. Prince Faisal bin Salman launched a massive real estate project here Tuesday, which is estimated to cost SR 55 billion.The project, comprising 100 residential towers with four-star to five-star hotels, will accommodate more than 120,000 people. The state-owned Public Investment Fund is financing the project.[..]

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Construction begins on East Hidd project

Construction begins on East Hidd project

24th July 2014

According to a report in the Gulf Daily News, a Bahrain daily, the Ministry of Housing, Bahrain has started work on the East Hidd housing project with a multi-million agreement  signed to construct the first phase of the project, which includes 483 units.[..]

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Qatar's Sidra hospital project facing repeated delays , main contractors sacked

Qatar's Sidra hospital project facing repeated delays , main contractors sacked

23rd July 2014

According to reports in Doha News, Qatar's national daily and a statement released by Qatar Foundation, the organization that funds the Sidra hospital project, On 22 July 2014, Qatar Foundation for Education, Science and Community Development terminated the contract for design and construction of the Sidra Facilities in Doha, Qatar, which was awarded in 2008 to the OHL Internacional / Contrack (Cyprus) Ltd. Joint Venture.[..]

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Dubai's US$1.1 bn Al Ithiad bridge replacing Floating bridge on Creek to be ready by 2018

Dubai's US$1.1 bn Al Ithiad bridge replacing Floating bridge on Creek to be ready by 2018

23rd July 2014

Al Ittihad Bridge will replace the Floating Bridge, built on Dubai Creek, by early 2018, according to Roads and Transport Authority (RTA). In an expression of interest and pre-qualification invitation, published in a local newspaper, RTA said the tender for the new bridge will be issued in October 2014 with the construction period extending over three years. The opening is expected by early 2018.[..]

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