Construction Industry News

DEWA unveils US$ 15 bn five year investment plan across power and water sectors

DEWA unveils US$ 15 bn five year investment plan across power and water sectors

5th August 2014

The  Dubai Electricity and Water Authority (DEWA) revealed plans to invest AED 55.216 billion (US$15 billion) across different sectors over the next five years, according to reports in  ConstructionWeekOnline.com.  According to HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, the company has earmarked AED 31.605 billion (US$8.6 billion) in production; AED 8.621 billion (US$ 2.3 billion) in transmission; and AED 9.369 billion (US$ 2.5 billion) in power distribution. A further AED 5.621 billion (US$ 1.5 billion) will be invested in the water sector.[..]

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Bahrain to spend US$ 3 bn of Gulf Development Fund for housing, electricity and water projects this year

Bahrain to spend US$ 3 bn of Gulf Development Fund for housing, electricity and water projects this year

5th August 2014

It was revealed in a meeting of the Bahrain cabinet on August 3 that US$ 3 billion of thee US$ 10 billion funding by the GCC states under the Gulf Development Fund to Bahrain for reconstruction and development would be spent by the end of this year. Of this nearly US$ 2 billion has already been allocated with housing projects receiving a lion's share of 37 percent.[..]

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AE wins US$ 7.8 mn MEP contract for University of Dubai

AE wins US$ 7.8 mn MEP contract for University of Dubai

4th August 2014

According to news reports in ConstructionWeekOnline.com,  AE Arma-Elektropanç (AE) was awarded a US$ 7.8 million contract to carry out MEP works on the first phase of the University of Dubai project in Dubai Academic City by the project's main contractor Kier Dubai. The firm is expected to work on the university’s main building, management faculty buildings, and the information technology departments.[..]

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Doha convention and exhibition centre to be completed by 2015

4th August 2014

The upcoming Doha Exhibition and Convention Centre (DECC), which will be housing one of the biggest halls in the world, is expected to open for public early in 2015. According to Reuters and news reports across dailies, the construction of the center is almost complete and it is expected to be handed over to the government by the end of this year. One of the attractions of the convention center is the massive space it will offer to event organizers.[..]

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Dubai Business Bay to get new Ibis style hotel from Accor

Dubai Business Bay to get new Ibis style hotel from Accor

4th August 2014

Accor Hotel-Services Middle East has signed a management agreement with the Hiranandani Group, one of India’s largest real estate developers, to develop an ibis Styles hotel in Dubai, located alongside Business Bay Canal, according a news report by ConstructionOnline.com. The hotel will have 350 rooms and a view over Downtown Dubai.[..]

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Jordan to announce EPC contract award for US$ 150 mn solar plant soon

Jordan to announce EPC contract award for US$ 150 mn solar plant soon

31st July 2014

According to news reports in ConstructionWeekOnline, Jordan has announced its intention to award a US$ 150 million engineering, procurement and construction (EPC) contract to build a solar-fuelled power plant in the south of the country within two weeks, according to Energy Minister Mohammad Hamed.[..]

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