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Ventures Onsite Construction News Update In the news this week CSCEC middle east is awarded $60mn by JIIC In UAE, Jubail Island Investment Company (JIIC) has awarded a 22-month contract worth $60mn to China State Construction Engineering Corporation (CSCEC) for the construction of 150 townhouses within the Souk Al Jubail community on Jubail Island in… Continue reading Archirodon was awarded $173 million contract by ADNOC
The Middle East and Africa (MEA) region’s construction industry will grow by 6.9% annually in 2016-20, according to Timetric’s Construction Intelligence Center (CIC). The predicted rate of growth, which is higher than the 4.9% average achieved during the period 2011-15, is expected to be driven in large part by regional investment in major infrastructure initiatives,… Continue reading The Middle East and Africa (MEA) region’s construction industry will grow by 6.9% annually in 2016-20
Oman on Thursday approved its budget for 2015 with a deficit of 8 per cent of gross domestic product (GDP). The Omani Ministry of Finance said in a statement that the general budget for the fiscal year 2015 is estimated as general expenditure at 14.1 billion Omani riyals (Dh 134.5 billion), an increase of 4.5… Continue reading Oman announces 2015 budget with 8 % deficit, slant on infrastructure, privatization
Welcome to Kuwait Build, the leading international event for the building and construction industry in Kuwait. The 5th edition of Kuwait Build will be held on 6-11 May 2024 at Kuwait International Fair, Mishref and will run alongside Baytak, the longest running consumer event for building and construction materials in Kuwait. This collaboration will bring… Continue reading Kuwait Build 2024
Ventures Onsite Construction News Update In the news this week Binghatti Properties to Binghatti Hills in Dubai Binghatti Properties will launch a new mega-development in Dubai named Binghatti Hills. The project will comprise 1,666 residential units and 21 retail spaces. The Kuwait Ministry of Electricity & Water award a contract A consortium of Mitsubishi Power… Continue reading Binghatti Properties to launch Binghatti Hills
Ventures Onsite Construction News Update In the news this week Egis secures a contract for Souq Al Mubarakiya Egis, a leading international group in the consulting, construction engineering, and mobility sectors, has been awarded a contract for the landmark Souq Al Mubarakiya Development and Reconstruction Project in Kuwait. Egis will oversee the reconstruction of 17… Continue reading Dubai South Properties awards a US$409 Mn contract
Currently in its 7th edition and growing 30% year on year, Construction Technology ConFex is the region’s biggest and best platform to help the AEC industry deliver better. Over 2 days, it brings together 1000+ project owners, developers, contractors, consultants and technology companies to share lessons learned from new approaches to work that will increase… Continue reading Construction Technology ConFex UAE 2024
Saudi Hospital Design & Build Expo, co-located with Big 5 Construct Saudi is a one-of-a-kind event for industry stakeholders involved in the design and construction of healthcare infrastructure in Saudi Arabia. Under Vision 2030, 290 hospitals and 2,300 primary health centers are to be privatized by 2030. 2023 KSA budget for healthcare and social development… Continue reading Saudi Hospital Design & Build Expo
Oman’s construction sector is experiencing a resurgence in 2024, poised to shape the country’s future with a wave of exciting upcoming projects. This growth is fueled by a confluence of factors. The government is actively investing in infrastructure development and projects in Oman, creating a wealth of opportunities for construction companies. Additionally, a shift in… Continue reading Top Construction Projects in Oman
Ventures Onsite Construction News Update In the news this week Larsen & Toubro wins contract to build hospital in Oman In Oman, the Ministry of Health awarded the Buildings & Factories (B&F) vertical of Larsen & Toubro Construction (L&T) a contract to construct the 165-bed Al Namaa General Hospital. The scope of… Continue reading DIR launches a residential project in JVC
