Construction Industry News

Domestic Tourism Boosts Hotel Occupancy in KSA

6th June 2014

According to a Report by the Saudi Commission for Tourism and Antiquities, an increase in the tourism infrastructure across the Kingdom, there has been a massive onset of tourists to the tune of 4.8 million passengers between 2012 and 2013. This in turn has triggered a growth in hotel investments and employment across the hospitality industry in KSA. The Kingdom now sports around 3,700 accommodation facilities, a third of which are hotels and others include furnished apartments all totaling around 300, 000 rooms with occupancies hovering at over 64 percent. Employment to service these hotels has consequently also hit a new high of 1.1 million staff members within the hospitality sector. Tourism has contributed nearly SR 75 billion (US$ 19.9 billion) to the Kingdom's GDP, accounting for just over 3 percent of the GDP and over three fourth's of the hotel investments in the Kingdom have centered around Makkah and Madina alone.[..]

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Ventures Middle East Consulting Manager awarded the 'Industry Personality of the Year' at the BCI Middle East Awards

Ventures Middle East Consulting Manager awarded the 'Industry Personality of the Year' at the BCI Middle East Awards

5th June 2014

AhmedVentures Middle East, the largest regional consulting firm in the Gulf Cooperation Council (GCC) and Middle East North African (MENA) region, achieved yet another recognition when its Consulting Manager, Mr. Ahmed Riad Ali was recently presented with the 'Industry Personality of the Year' award at the prestigious Business Continuity Institute (BCI) Middle East Awards. The 2014 BCI Middle East Awards took place in Dubai as part of the first BCI Middle East Conference and Exhibition.[..]

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Consortium Awarded Place on Abu Dhabi Airports’ Architectural and Engineering Framework

4th June 2014

The consortium of Pascall+Watson, RS&H and Buro Happold has been awarded a place on the Architectural and Engineering Framework for Abu Dhabi Airports and has been selected for Task Order Number 1, the design for the Midfield Terminal Complex Landside Support Facilities. The consortium was selected to support the Abu Dhabi Airports’ vision for world class facilities to meet and exceed the growing demand of passengers.[..]

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Arabtec, CCC & Drake & Scull Construction Consortium awards Drake & Scull Engineering AED 259 Million projects for Saraya Aqaba Resort in Jordan

2nd June 2014

Drake & Scull International PJSC (DSI PJSC), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Engineering, Rail, Oil and Gas, Water and Wastewater Treatment, announced that its subsidiary Drake & Scull Engineering (DSE), has recently won two major contracts for the Saraya Aqaba Resort, a mixed-used, themed development around a man-made lagoon in Aqaba, Jordan for a combined value of AED 259 Million.[..]

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Al Futtaim Group signs deal to build US$1.6 Billion Festival City in Saudi Arabia

2nd June 2014

Dubai-based Al Futtaim Group signed a memorandum of understanding (MoU) with Riyadh’s Kayannat Real Estate to build Al Diriyah Festival City- the largest shopping mall in Saudi Arabia. The shopping mall will have 250,000 square metres of gross leasable area (GLA) and will be located at the Al Diriyah district in Riyadh near King Saud University and King Abdullah Financial district, the group said in a statement.[..]

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Top Building Contractor Awards in the GCC in Q1, 2014

Top Building Contractor Awards in the GCC in Q1, 2014

29th May 2014

GCC-countriesThe contractors witnessed brisk activity in the first quarter of 2014 with building sector alone contributing a rise of over 25% in contractor awards in the GCC Countries as compared to same period in 2013. The top projects in which contractors were appointed in the months of January, February and March 2014 are listed in the table below. Arabtec, Construction and Reconstruction Engineering Co. (CRC), Syed Hamid Behbehani & Sons, Al Hani Construction & Trading rank in the top in terms of value of contracts awarded.[..]

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Drake & Scull International wins AED 110 million MEP contract for Plaza View Development in Abu Dhabi

29th May 2014

Drake & Scull International (DSI) PJSC, a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Engineering (MEP), Rail, Oil and Gas and Water and Waste-water treatment, has announced that it has been awarded the MEP contract worth AED 110 million for Plaza View, a mixed-use development in Abu Dhabi, UAE. The building comprises five levels of basement, ground and mezzanine floors, and 20 storeys for residential and commercial activities. The contract was awarded by Al Fara'a General Contracting (AFGCO), who is the main contractor for the project.[..]

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