Construction Industry News

GCC to witness US$195 Billion worth of contract awards in 2014

GCC to witness US$195 Billion worth of contract awards in 2014

8th June 2014

shutterstock_2023495-Project DatabaseThe GCC region is expected to witness contractor awards to the tune of US$195 Billion in 2014. In 2013, the value of total contracts awarded to contractors totaled to US$159 Billion, thus forecasting a growth of 22% in 2014. This includes contracts awarded in project sectors – Buildings, Industrial, Infrastructure and Energy.[..]

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Spinneys breaks ground in Kizad

8th June 2014

Spinneys, one of the UAE’s leading fresh food supermarket chains, broke ground last week in the Khalifa Industrial Zone Abu Dhabi (Kizad), marking the beginning of construction of its new cold storage and distribution centre.[..]

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Arabtec Holding appoints CEO for Arabtec Construction

8th June 2014

Arabtec Holding, a leading engineering and constructions group of companies specialising in complex projects in the Middle East and North Africa region, announced today the appointment of Dr. Nabil Ailabouni as Chief Executive Officer of Arabtec construction.[..]

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Saudi ‘s first Marine Park planned at Dhahban on Red Sea shores

6th June 2014

 According to an Arab News report, Saudi Arabia is all set to build its first Marine Park on the shores of the Red Sea at Dhahban, a popular Saudi picnic spot and fishing, 40 kilometres from Jeddah. Jeddah Municipality recently announced the project which had been under study for the past four years. The park will include a wide array of recreational facilities including a football playground, children’s entertainment areas, a waterfront with lots of landscaping and greenery and restaurants and other facilities.[..]

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Shams 1 Pushes up UAE to Number Three in Global Solar Power Capacity, Investment Rankings

Shams 1 Pushes up UAE to Number Three in Global Solar Power Capacity, Investment Rankings

6th June 2014

secAccording to a recent report released by REN21, an international multi-policy stakeholder network that promotes a rapid global transition to renewable energy, the Masdar Shams 1 Concentrated Solar Power (CSP) plant in Abu Dhabi has helped push up the global rankings of the country both in terms of CSP technology investment and CSP capacity, ranking it third behind Spain and the United States and is followed by India and China at four and five in rankings. Shams 1 is the largest renewable energy project in the Middle East and opened in March 2013, a US$ 600 million project implemented in partnership between Masdar, Total and Abengoa over a 2.5 kilometre facility that produces enough electricity to power the Abu Dhabi grid.[..]

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UAE Mid day Work Ban to begin June 15

6th June 2014

The mandatory mid day break for UAE laborers who work in the sun by the Ministry of  Labor will be enforced from June 15, according to a statement released by the Ministry. The ban will be enforced during the peak summer months up to September 15 and would require companies to give laborers working in open areas such as construction sites, a two and a half hour break between 12.30 pm and 3 pm according to the Ministry statement.[..]

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Qatar, Algeria among new oil and gas discoveries by OAPEC in the region

Qatar, Algeria among new oil and gas discoveries by OAPEC in the region

6th June 2014

Zemanta Related Posts ThumbnailThe Organizations of Arab Petroleum Exporting Countries (OAPEC) has recently unveiled a huge number of prominent hydocarbon discoveries made in the region over last year. These include 34 new oil wells and 10 new natural gas discoveries. Algeria with is Hassi Messaaoud region spouting a new well estimated at 1.3 million barrels and the Al-Shimal field in Qatar with a new gas discovery of 71 billion cubic metres of natural gas are among the prominent discoveries announced by the Organization.[..]

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Omran Invites Bids from Consultants for Convention Center Projects

6th June 2014

Oman's Tourism Development and Investment Agency (OMRAN) has called for bids from consultants across the GCC for supervision of its Convention Centre project apart from bids for a 450 seater secondary auditorium, two ballrooms and food court and service areas, 20 state of the art meeting rooms, general administration areas apart from car parks and landscaping works as a part of the project for which supervision bid is sought.[..]

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