Construction Industry News

Cayan Group launched new real estate subsidiary - Cayan Homes

25th March 2014

Real Estate developers Cayan Group has launched a new Real Estate sales and property management subsidiary - Cayan Homes for Saudi Arabia and the UAE. 
The new company aims to provide customers with real estate services and solutions that will give them essential information needed in making informed decisions about acquiring real estate. Ahmed Alhatti, Chairman of the Board, Cayan Group, said: “The launch of Cayan Homes could not have come at a better time as both KSA and UAE’s real estate industry remains vibrant and booming.”[..]

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Oman: Circle Oil to begin new drilling in Blocks 49 and 52

23rd March 2014

Circle Oil Plc, an oil and gas exploration and production company in its operating update has announced a new drilling programme in oil Blocks 49 and 52 in Oman. The company said that the tender process for the forthcoming Block 49 commitment well is in the evaluation stage and drilling is planned to commence within the first half of 2014. “The well provisionally named Shisr-1 is to be drilled on the north-western dip-slope of the Ghudun-Khasfah high, approximately 60km south-west and updip of the Dauka-1 well.”[..]

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Dutco Balfour Beatty awarded US$380mn Dubai Mall contract

23rd March 2014

Emaar Properties awarded a US$381 Million contract to Dutco Balfour Beatty, the Dubai-based joint venture arm of Balfour Beatty for an extension of  the Dubai Mall. Dutco Balfour Beatty will build a new fashion avenue between the existing mall and the Burj Khalifa, which will expand its capacity to over 100mn annual visitors.[..]

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Foster Wheeler and Kentz JV awarded contracts by Shell for Majnoon Oil Field Development in Iraq

20th March 2014

Foster Wheeler Kentz Energy Services DMCC, the Dubai-based joint venture company of Foster Wheeler and Kentz, announced on March 18, 2014 that it has been awarded framework contracts by Shell Iraq Petroleum Development B.V. ("Shell"), for the provision of engineering, procurement and related services for the Majnoon Oil Field Commercial Production Project in Iraq. Shell is the operator of the Development Production Services Contract for the Majnoon field, which is located in southern Iraq, approximately 70 km north of Basra City.[..]

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Nakheel awards new contracts worth Dhs.563 Million

20th March 2014

Nakheel awarded three new contracts worth Dhs.563 Million at its Al Furjan and International City communities in Dubai. The first contract, valued at Dhs.310.6 Million covering construction and completion of 249 homes was awarded to Ginco General Contracting and the second contract valued at Dhs.215.4 Million covering construction of 152 homes was awarded to United Engineering Construction (UNEC). Both the contracts are for construction at Nakheel's Al Furjan Community and construction is due for completion in 18 months.[..]

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ABB wins US$110 Million Saudi substations deal

20th March 2014

ABB has won an order worth US$110 Million from the Saudi Electricity Company (SEC) to build new substations that will  will link the Taif East Governorate, a part of the Mecca region, to the national 380 kilovolt (kV) transmission grid. The 110kV power supply will serve the areas of Turbah, Al-Khurmah and Rania, mitigating the use of diesel-generated power in isolated areas.[..]

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Galfar wins US$58.7 Million Al Batinah Road Project

18th March 2014

Galfar Engineering and Contracting Co has been awarded a US$58.7 Mn contract for the construction of tunnels along the existing Batinah road project by the Ministry of Transport and Communications, the company said in a filing to the Muscat Securities Market (MSM) on Monday.[..]

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