Construction Industry News

Bahrain to announce major PPP housing projects soon

Bahrain to announce major PPP housing projects soon

11th June 2014

housingBahrain is likely to announce a major Public Private Partnership (PPP) housing project as a part of a mega project which is slated to include simultaneous construction of four new cities aimed at meeting its burgeoning need for affordable housing, according to plans revealed by Bahrain’s Housing Minister Bassem Al Hamer to Gulf Daily News.[..]

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Saudi Rail Company Invited Bids for Landbridge Rail Project

Saudi Rail Company Invited Bids for Landbridge Rail Project

11th June 2014

infra The Saudi Railway Company (SRC) has invited prequalification bids for a Landbridge Rail Project's construction supervision consultancy contract according to a report in the Saudi Gazette. The bids have to be submitted by July 22 for The Landbridge project that will involve construction of 1,200 km of railway line linking Red Sea port city of Jeddah with Saudi capital Riyadh, where it would connect with the existing line to Dammam on the Gulf coast. It will also run an extension from Dammam to Jubail Industrial City. The construction supervision consultant would be responsible for verifying contractors’ contractual, safety and quality compliance, as well as quality surveying to verify applications for payment. Project management consultants Fluor Corp and Parsons Brinckerhoff, together with the SAR, are currently developing the contracting strategy and work package structure for the Landbridge project. Italian rail engineering specialist Italferr won a US$ 37 million contract to design the network in August last year. The tenure of the project is expected to last 84 months from the start of the contract period, according to the report.[..]

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Abu Dhabi launches hi-tech Science Center to be constructed at Masdar City

Abu Dhabi launches hi-tech Science Center to be constructed at Masdar City

11th June 2014

The Technology Development Committee (TDC) of Abu Dhabi has launched a new state- of- the- art science center dedicated to informal science education in Abu Dhabi named Abu Dhabi Science Center (ADSC) spread over an area of 6500 square metres in Masdar City.abu-dhabi-science-centre-masdar-city-373001 The design phase of the new centre is now complete, and the construction stage is set to begin, with the centre due to officially open in the second half of 2016. The initiative is part of TDC's efforts to establish a vibrant science, technology, and innovation (STI) base in the Emirate following global practices in science popularsation, aimed at inspiring youth towards STI education and careers. Seven themed galleries featuring over 200 interactive exhibits and 120 educational programs have been designed for children ages 6-11, and developed to support and enhance the ADSC visitor experience. Opportunities for participating in gallery walks, taking part in hands-on laboratory experiments, and spending a school holiday week in science day camp or a Saturday in a science club are all part of an extensive program menu that will be available to children. Featuring a 12 metre domed, 75 seat planetarium and space exploration simulator, the Universe and Planetarium Gallery links today s space and planetary sciences to the history of the region. Sponsored by Mubadala, as part of its commitment to prepare today's youth for the vital role they will play in the UAE's economic and social development, this gallery showcases 20 exhibits that help visitors understand our solar system, the lunar calendar, the changing of seasons as well as the physical properties of asteroids, comets and stars including our own sun.[..]

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Mandarin Oriental Hotel to debut in UAE through Wasl Properties in Dubai

11th June 2014

Luxury Asian hotel operator, Mandarin Oriental Hotel is likely to enter the UAE market as Wasl Properties today revealed its intent to build the first Mandarin Oriental hotel in Dubai. An earlier project plan to build a Mandarin Oriental Hotel on Saadiyat Island in Abu Dhabi was put on hold in 2012. According to Wasl Properties, 235-key Dubai hotel will be built on a site at Jumeirah Beach Road. Enabling works on the site are already around 80 percent complete and a tender for the main contract to build the property is likely to be floated towards the end of the year.[..]

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Kentz awarded Wastewater facility contract worth US$ 125 bn in Qatargas Ras Laffan LNG Plant

11th June 2014

Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group, has been awarded the US$ 125 billion contract of the Qatargas Operating Company Limited (Qatargas) as a turnkey process package of a new waste-water facility located in the Qatargas LNG Plant at Ras Laffan Industrial City, Qatar. Kentz's scope of work is to supply process Engineering, Procurement, Installation, Construction, and Commissioning (EPICC) services to deliver waste-water recycling and reduction facilities to four LNG trains. The contract, valued about US$ 125 million, will be performed and executed through Kentz's Engineering and Projects (E&P) Business Unit. At peak workforce, Kentz will be employing approximately 440 staff and field personnel, with project completion scheduled in 2016.[..]

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UAE Central Bank Hints at Dubai Real Estate Markets Likely Overheating-Land Department Denies Likelihood

UAE Central Bank Hints at Dubai Real Estate Markets Likely Overheating-Land Department Denies Likelihood

10th June 2014

On Sunday the UAE Central Bank came out with a warning that the real estate markets in Dubai were possibly overheating, stating in its financial stability report that, "Current average rental yields in Dubai and Abu Dhabi are approximately 70 and 130 basis points below historical averages, which could indicate growing imbalances - overheating real estate market. "[..]

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