The Special Economic Zone Authority in Duqm (SEZAD) has awarded four contracts worth a combined value of OMR84.7M ($220M) for infrastructure projects in Duqm, Oman.
Dubai Contracting Company has been selected by Dubai Properties as the main contractor for the 1/JBR project located at Jumeirah Beach Residence [pictured].
A joint venture of Arabian Construction Company (ACC) and UK-based construction firm Kier has secured a $187M order to construct a residential project in Dubai.
French power utility Engie has won an order and closed financing for the green-field Fadhili independent power project (IPP) in Saudi Arabia.
The Briman Strategic Water Reservoir in Jeddah, Saudi Arabia, is currently the world’s largest drinking water storage facility, says Simon White, Atkins’ technical director and the project’s design manager.
HLG Contracting has secured a AED401M ($109M) order from Hasabi Real Estate for the construction of the Al Garhoud Towers in Dubai, UAE.
Finland-based Admares has been selected for phase 1 of the Marasi Business Bay development in Dubai.
Italian construction firm Salini Impregilo has completed the tunnel excavation work along Line 3 of Riyadh Metro in Saudi Arabia.
Dubai South has signed a memorandum of understanding (MoU) with Deyaar Development to develop a mixed-use project in Dubai South’s Residential District.
Construction on the 800MW phase three of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai is set to start at the end of January, it was announced at the Abu Dhabi Sustainability Week (ADSW) 2017.
Youssef Ouchagour, construction industry analyst at Timetric’s Construction Intelligence Center, looks at the current state of the healthcare construction market and presents five of the largest healthcare projects currently under construction in the Gulf Cooperation Council (GCC) region.Building adequate and effective healthcare facilities has become an urgent priority in the GCC region as the pressure continues to grow on the existing healthcare infrastructure due to a number of regional factors, including rapid population growth, higher life expectancy, a higher per capita income and a rise in lifestyle related diseases. GCC healthcare construction market outlookAccording to Timetric’s Construction Intelligence Center (CIC) project database, there are 119 active healthcare projects in the GCC countries with a combined value of $46bn. As expected, the majority of these projects are located in Saudi Arabia, the country with the largest population in the GCC, followed in order by the United Arab Emirates, Kuwait, Oman, Qatar and Bahrain. 40% of active projects in the GCC region, with a combined value of $21bn) are under execution, with the remaining 60% of projects at various pre-execution stages, with a combined value of $25bn. This shows that there is a wealth of future opportunities within the healthcare sector for the GCC construction industry.The expected growth of the Healthcare Sector in the GCC region over the next few years will be mainly driven by the GCC governments’ efforts to strengthen and modernise their healthcare system — 68% of the active Healthcare projects in GCC countries are publicly funded projects; these have a combined value of $39bn. Privately funded projects represent 25% of the total number of active healthcare projects in the region and have a combined value of $4.5bn. The total investment in healthcare projects through public/private partnership is around $2.2bn. The number of projects funded by the private sector is set to grow over the next few years due to the high demand for high quality healthcare facilities and services and the rise of the medical tourism trend in the region. The same is expected for projects funded through public/private partnerships as the GCC governments are looking for alternative ways to fund healthcare projects due to budget restraints.
Royal Boskalis Westminster has won a €480M contract from the Special Economic Zone Authority in Duqm (SEZAD) for the development of the port of Duqm in Oman.
UAE-based Majid Al Futtaim Group has unveiled plans to develop a new AED300M ($81.6M) community mall in Abu Dhabi, UAE.
Muhibbah Engineering Middle East, a unit of Muhibbah Engineering, has secured a contract worth MYR438.1M ($98M) for the construction of roads and infrastructure in Qatar.
Petrofac, a provider of oilfield services, has secured a contract worth nearly $600M to provide engineering, procurement and construction (EPC) services on the Salalah LPG extraction project in Oman.
Al Futtaim Carillion (AFC) has won a £160M contract from Dubai World Trade Centre for Phase 1A6 of the One Central development, an integrated real estate development in Dubai.
The vice president and prime minister of the United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al Maktoum, who is also Emir of Dubai, has unveiled plans for a new luxury waterfront project in Dubai.