Construction Industry News

Stadium Construction Projects in the Middle East

Stadium Construction Projects in the Middle East

27th October 2013

Early in 2013, Qatar hired Amsterdam Arena and New York based IMG as stadium Stadium Constructionoperations consultants for the FIFA World Cup 2022. Qatar’s World Cup bid states it would spend about $4bn on stadiums, including expanding three existing venues and building nine new state-of- the-art stadiums with capacities of at least 43,000 each. Qatar is however, not the only country in the region where there are stadium projects or similar sports facilities being planned or underway. One of the most recent announcements came from Dubai for the construction of a FIFA approved football complex in the Dubailand development.[..]

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GCC Roads and Bridges Construction – New Projects announced in 2013

GCC Roads and Bridges Construction – New Projects announced in 2013

27th October 2013

Picture1Since the past couple of years, the focus in GCC Infrastructure sector is Rail sector projects. There has been a lot of activity in the rail sector and 2013 alone witness contracts worth over US$30 billion awarded to contractors for the rail projects. But at the same time, we cannot ignore the potential offered by the roads and bridges projects which has been one sector where there has been continuous activity even during the slow years when there was less activity in the real estate sector. In 2013 till date over 200 roads and bridges projects has been announced in the GCC Countries of UAE, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain.[..]

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Nakheel to restart work on stalled Deira Palm Island

Nakheel to restart work on stalled Deira Palm Island

8th October 2013

Dubai SkylineDubai developer Nakheel will restart work on part of one of the three palm-shaped islands that came to symbolise the excesses of the emirate's boom years, the company chairman said, in a sign Dubai is bouncing back from its financial crisis, reported Reuters.

Nakheel will change the manmade island group's name to Deira Island from Palm Deira, chairman Ali Rashid Lootah told reporters on the sidelines of Dubai's property exhibition show Cityscape.[..]

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UAE Construction Industry – What’s in store for October 2013?

UAE Construction Industry – What’s in store for October 2013?

1st October 2013

The five major things we expect to see in the UAE Construction Industry in October 2013Dubai Skyline are the following:
  1. Cityscape Global is usually a platform used by major developers to announce new major real estate projects. With already a high optimism in the air, at 2013 Cityscape Global, scheduled to take place from 8th till10th October 2013, we expect to witness some good project launches.
  2. Al Habtoor Group will unveil what it calls “the biggest residential and hospitality development in the world under construction” on October 7. The project will be the group’s biggest project.
  3. Union Properties announced that it plans to launch six property projects worth Dh1.5 billion. We are excited to hear this from UP who is making such an announcement after a long break and we hope to hear more on their projects in October.
  4. Few major projects lined up to be out for tender for main construction contract including Nakheel Mall and Hotel in Jumeirah Palm Island
  5. Few major contracts lined up to be awarded to contractors including New Hospital in Al Ain.
[..]

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Kuwait – Good News for the Construction Industry

Kuwait – Good News for the Construction Industry

29th September 2013

A consortium of international and local consultants were appointed recently bykuwait city 2 Kuwait Government authorities on two schemes in Kuwait which will have a positive impact on the Kuwait Construction Industry in the long run.[..]

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GCC Oil & Gas Sector awarded over US$14 Billion worth contracts during Jan-Aug 2013

GCC Oil & Gas Sector awarded over US$14 Billion worth contracts during Jan-Aug 2013

16th September 2013

The total value of projects awarded to EPC/main contractors totaled over US$14 Billion during the period January to August 2013 in the 6 OGGCC Countries. Upper Zakum Production Facilities - Crude Processing Facilities, Sarb Oil Field - Package 4 - Main Processing Plant, Umm Al Lulu Full Field Development - Package 2, all from UAE, Condensate Refinery at Ras Laffan, Qatar - Phase 2, Sulphur Handling Facilities at Mina Al Ahmadi, Kuwait were the major projects awarded to EPC Contractors during the period.[..]

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UAE HVAC Market for new Building Projects hit US$1.08 Billion in 2012

UAE HVAC Market for new Building Projects hit US$1.08 Billion in 2012

8th September 2013

Heating, Ventilation and Air Conditioning (HVAC) is a major component of MEP servicesPicture1 market especially in UAE due to the country’s extreme climatic conditions. In the recent period, UAE HVAC sector faced a setback during the economic crisis since many projects were put on-hold in the region. However, during the post-recession, UAE started contributing towards increased opportunities and market revenues in the mechanical sector, spurred by a rapid increase in its construction activities. UAE HVAC market for new building projects is estimated at USD 1,087.1 Million in 2012 and has positive growth forecasted for the next couple of years. A number of significant projects are expected to start in 2013 in Abu Dhabi and Dubai which will drive the building sector growth in recent years.[..]

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