Latest GCC construction news
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With the curtains drawn down for the world’s greatest show, the Expo 2020 last week, the emirate of Dubai is putting its attention to creating District 2020, a smart city and full-scale innovation hub that will take shape in and around the Expo venue. Repurposing the entire Expo site will call for the dismantling of all non-legacy structures.
Some of the legacy buildings that will remain include the UAE and a few other national Pavilions, as well as the Mobility and Sustainability structures, the iconic Al Wasl Plaza, Rove Hotel, the Observation Tower, the water feature located in the central section of Expo, the Dubai Exhibition Centre, the Metro station and the site’s infrastructure. Some of the pavilions that have been confirmed to be repurposed include DP World, India, Germany, and the Saudi Arabian pavilions.
Dubai’s M Glory has announced its plan to set up its Electric Vehicle assembly and production facility at Dubai Industrial City. With an investment of $408 Mn, the 1 million sq. ft facility is scheduled to be completed in 2024.
Damac Properties has awarded a construction contract worth over US$136 million to Shapoorji Pallonji for the main works at the Santorini cluster in Damac Lagoons. Work is expected to begin in April and the contract includes 847 villas.
Saudi Arabian Industrial Investments Company (Dusur) announced the signing of 4 agreements with international partners, including the establishment of a steel pipe factory with Korean Sia Changwon Company.
A factory for hydrogen and conventional electric buses with Tatweer Transport Services and the Chinese company CHTC KINWIN, an innovation, and manufacturing centre for 3D printing with American company 3D Systems, as well as a chemical production plant in cooperation with Baker Hughes.
The Saudi Ports Authority (Mawani) will build two new 43,000sq. meter warehousing complexes in partnership with LogiPoint at Jeddah Islamic Port with an investment exceeding $40 million. The project represents the first phase in LogiPoint’s ongoing infrastructure development plan worth $107 million over the next two years.
American colocation company, Equinix announced its plans to build and manage a data centre in Salalah, Oman. The new carrier-neutral SN1 data centre site will be built in cooperation with Omantel.
Saudi Aramco Entrepreneurship Centre and WakeCap Technologies signed an investment agreement at the Global Entrepreneurship Congress Riyadh 2022, formalizing the Waéd investment in WakeCap, a construction industry technology developed to support improved construction site productivity and safety.
WakeCap was founded in 2017 to answer job site digitization challenges using emerging technologies. The WakeCap innovation is a non-intrusive technology implemented to existing job site operations, creating a turnkey solution that adds value to operational excellence.