Construction Industry News

Tecnicas awarded US$1.7 billion Saudi power contract

5th May 2014

Saudi Aramco, the state-owned oil company from Saudi Arabia, has selected Técnicas Reunidas (TR) for the execution of the Utilities & Common Area project within the Jazan IGCC (Integrated Gasification Combined Cycle) complex in the Jazan Economic City, located in Jazan Province, a south western region of Saudi Arabia.[..]

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SEC signs four deals worth over SR2.3 billion

SEC signs four deals worth over SR2.3 billion

4th May 2014

secThe Saudi Electricity Company (SEC) signed on Wednesday four contracts for carrying out electricity projects worth over SR2.3 billion. This is in addition to 17 projects whose cost exceeded SR7 billion and which the Board of Directors of the company had agreed to award two weeks ago. The numerous projects are being planned so as to boost the electricity system and provide reliable electricity service to all its clients.[..]

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Bin Faqeeh Real Estate announces US$45 Million residential project in Dilmiunia

4th May 2014

A $45 million residential apartment project was announced yesterday following the sale of key plots on the landmark Dilmunia at Bahrain to Bin Faqeeh Real Estate Investment Company reported Gulf Daily News. The agreement was signed between IDC chief executive Mohammed Khalil Alsayed and Bin Faqeeh Real Estate Investment Company chairman Faisal Abdulwahid Faqeeh. The details of the project will be announced later the year.[..]

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SNC-Lavalin awarded contract With Abu Dhabi Company for Onshore Oil Operations

1st May 2014

SNC-Lavalin Inc. (TSX: SNC) is pleased to announce that it has been awarded a contract by the Abu Dhabi Company for Onshore Oil Operations (ADCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), to provide a front-end engineering design (FEED) study for Phase 2 of the Qusahwira Oil Field (additional 25 thousand barrels of oil per day of production).[..]

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