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Fujairah National Construction (FNC) has won an AED700M ($191M) contract from Mag 5 Property Development (MAG 5 PD) joint venture for a housing community project in Dubai South. The MAG 5 Boulevard development will include 1,172 residential units, retail space, and food and beverage, leisure and entertainment amenities.The 74,000sq m project, located within Dubai South’s residential area ‘The Village’ and adjacent to the Expo 2010 site and Dubai Parks, will be surrounded by running and cycling tracks, playgrounds, and community and retail centres. Talal Moafaq Al Gaddah, MAG 5 PD’s chief executive, said: “FNC has an enviable portfolio for the delivery of premium real estate developments in the UAE. “We are confident in their ability to bring MAG 5 Boulevard to the market within two years and in doing so, create the ultimate quality affordable living in one of the city’s most sought-after locations, Dubai South.”The project is set to break ground this month.
Singapore-based construction services provider Swiber Holdings has won three new contracts for projects with a combined value of $215M in the Middle East and Southeast Asia.The company secured an engineering, procurement, construction and installation (EPCI) contract from a European oil major to replace pipeline in Qatar — marking the group’s first offshore construction project in the Middle East. The engineering phase of the project has already started and is scheduled for completion in the third quarter of 2017.Swiber Holdings, as part of a consortium, will carry out EPCI of two wellhead platforms, associated pipelines and tie-ins for a project off the coast of Myanmar for a major Southeast Asian oil and gas company. The project begins immediately and is expected to be complete by the first quarter of 2018. The customer has the option to award an additional two wellhead platforms.Under the third contract, the company will be responsible for the provision of transport and installation services for a full field development project in the waters off Vietnam. The firm has recently commenced the task, which is targeted for completion in the third quarter of 2016.
Dubai Parks and Resorts has started construction on the first Six Flags branded theme park in Dubai.The new park will be Dubai Parks and Resorts’ fourth theme park alongside Motiongate Dubai, Legoland Dubai, and Bollywood Parks Dubai.The AED2.6bn ($707M) project will be built on a 325,000sq m area with an opening day footprint of 186,000sq m.Six Flags Dubai will feature 27 rides and attractions for all ages across six themed zones. It will also include at least three world record breaking rides apart from six roller coasters, four aerial attractions, a 350m river rapids ride and three performance spaces.Dubai Parks and Resorts’ CEO Raed Kajoor Al Nuaimi said: “We are delighted to announce that construction has commenced on the region’s first Six Flags-branded theme park.“This is the fourth theme park at our destination alongside Motiongate Dubai, Bollywood Parks Dubai and Legoland Dubai and it will help us strengthen the appeal of Dubai Parks and Resorts as a must visit destination in the region.“Six Flags is a very successful brand in other parts of the world and the introduction of this exciting theme park will further establish Dubai Parks and Resorts as the region’s largest leisure and entertainment destination.”The park is expected to open in late-2019.
Damac Properties has unveiled a collection of colourful villas in Dubai.The project, named Akoya Imagine, is located at the heart of the Akoya Oxygen — a 5M sq m master development that will showcase the greenest living spaces in Dubai.In Phase 1, the three-bedroom villas will be released with starting prices of AED1.2M ($326,713) spread across a three-year payment plan. Homes will also benefit from free service charges for five years.DAMAC Properties’ managing director Ziad El Chaar said: “Akoya Imagine is targeted towards a new type of buyer – young, professional and savvy to the lifestyle and financial benefits of buying in an international golf course community. “This type of community is proven to consistently yield higher returns than a purely residential one and there is a limited supply in Dubai. Combined with the Tiger Woods Design element, a villa in AKOYA Imagine presents a very lucrative investment, not to mention an extremely attractive home.”The units will go on sale on Saturday, 9th of July.
UAE-based Arabian Construction Company (ACC) has been awarded a contract to build Mashreq Bank new headquarters in Dubai.The 151m-tall tower will be built within a period of 28 months and will feature four basements, a ground level and 35 additional storeys.The L-shaped structure, with a square top crown by Skidmore, Owings & Merrill’s Chicago office, will cover a plot area of 4,868sq m and a total built-up area of 71,292sq m. Ghassan Merehbi, ACC’s chairman, said: “We are delighted to be working with one of the best-known banking industry names in the Middle East, and to be able to add Mashreq Bank headquarters to our portfolio of noteworthy projects across the UAE.”Mashreq will relocate from its current headquarters in Deira, where it has been operating since its establishment in 1967, to the new building as soon as it is completed. HE AbdulAziz Al Ghurair, Mashreq’s CEO, said: “The planned tower is testament to the growth we have witnessed over the last 50 years, which has in many ways mirrored that of both Dubai and the UAE.“In a short space of time, the country has established itself as an international gateway for trade and banking, and we’re confident in its ability to maintain its momentum, allowing us to continue investing in our business and talent across the country and wider region.”Construction work is expected to commence in December 2016, with its completion expected in April 2019.
Whaha Capital subsidiary Waha Land has signed an AED426M ($116M) financial deal with Emirates Islamic Bank for Stage 2 of its Almarkaz light industrial real estate project in the United Arab Emirates.The 1.5sq km development is located 25km south of Abu Dhabi city. Stage 2 of the project, to be built in two packages, will include an additional 187,000sq m of premium industrial and logistics facilities, as well as retail and commercial amenities.Package 2a, to be delivered by Ali & Sons Contracting L.L.C, consists of 92,500sq m of industrial and logistics facilities, and retail and commercial amenities. The first buildings will be available for occupancy in June 2017, while the entire package is expected to be complete by the fourth quarter of 2017.Further development will include flexible industrial building sizes, fitted industrial units, warehouse and storage facilities, commercial offices and food beverage outlets.Hazem Saeed Al Nowais, Waha Land’s chief executive officer, said: “Almarkaz has proven extremely popular because of the quality of the facility, and its excellent location as a hub in transport infrastructure.“This success has enabled the project to achieve attractive financing. Building on the success of Stage 1, we are moving ahead with our planned development, which aims to meet the needs of the Abu Dhabi manufacturing and logistics market in addition to SME’s.” Almarkaz’s Stage 1 comprises 90,000sq m of industrial and logistic units, which are already fully leased.
Dubai Municipality plans to build a $544M waste-to-energy plant in Dubai.The plant, set to become the largest plant in the Middle East to convert solid waste into energy, will be located in Warsan district 2.According to Eng. Hussain Nasser Lootah, director-general of Dubai Municipality, the project will be implemented over three years.In its first phase, the plant will receive 2,000t of municipal waste per day to produce 60MW of power.Essa Al Maidoor, deputy-director of Dubai Municipality, said the waste incineration project is the first of four projects to produce green energy and that the municipality aims to produce 7% of Dubai’s total energy from clean energy sources by 2020.The plant will be operational in the second quarter of 2020.
A Salini Impregilo-led consortium has won a $955M contract from Kuwait’s Public Authority for Housing Welfare to build an urban residential development in Kuwait.The contract forms part of the South Al Mutlaa Housing Project and includes the construction of 12,000ha of residential development about 40km northwest of Kuwait City.Upon completion, the project will provide accommodation for 400,000 residents. The project will also see the construction of 150km of roads and related structures, numerous art works, lighting infrastructure, water distribution, rainwater gathering and sewage systems, and other civil works.
Oman Tourism Development Company (Omran) has announced that it will facilitate the development of Oman’s first world-class family waterpark in Muscat.The project has been developed by six graduates of the National CEO Programme (NCP) — an initiative by the public private partnership taskforce (Sharaka), under the benefaction of the Diwan of Royal Court.The team has worked on the development for one year, spending 5,000 hours on the elaboration of a detailed business plan, including financial modelling and stakeholder research.James Wilson, CEO of Omran, said: “Omran’s mission is to seek and support projects of national significance that can help position Oman as a leading global visitor destination. “We actively look to support develop and grow national capacities to develop and manage these projects, which is why we are fully committed to collaborating with the NCP. “Based on extensive market research carried out by the NCP team it is clear that there is significant interest from the younger generation in Oman and as is the case at other successful Waterparks in our neighbouring countries it is a significant driver of family based hotel occupancy.”
Turner & Townsend has been chosen to provide full project and cost management services for the construction of Unilever’s new manufacturing plant in the UAE.The £250M facility will enable the consumer brands firm to expand its latest personal care products business across Middle Eastern and Northern African countries, while creating 400 jobs.Turner & Townsend’s managing director for Middle East Mike Collings said: “Having worked successfully with Unilever on multiple occasions, we have a clear understanding of their expectations so we are well positioned to deliver a high-quality finished product, which will exemplify best practice in environmental friendly construction.”Unilever Gulf’s supply chain director Ahmed Kadous said: “We’ve worked with Turner & Townsend before so we’re confident in their ability to deliver the latest and best practice whilst working on this project.“Our decision to continue investing in Dubai was the result of the steady rise in demand for quality personal care products in the region. In addition to that, the new facility will assist us in achieving our long-term vision; doubling the size of our business while halving our environmental footprint.”
Bahrain Real Estate Investment (Edamah) has announced an investment of $930M to transform the Hawar Islands into an eco-friendly tourism destination.The project, to be located across 100ha on the northern coast, will be delivered in two stages. Stage one will include the construction of a 350 key five-star lagoon resort and 150 eco-friendly apartments and villas. Stage two will involve the renovation of an 100-year old Hawar mosque, the development of a bird research centre, a hotel and heritage souq, 155 residential villas and a wellness resort and spa.Construction work is expected to start in 2017, with the lagoon resort opening in 2019. The second phase of the development will be complete by the end of 2021. The development also includes a revamp of the existing Hawar resort, which will offer new water sports activities, entertainment and restaurant facilities. The resort is scheduled to open its doors in July 2016.Edamah’s chief development officer Mireille Babti said: “Preserving the environment and promoting healthy living is at the heart of our development’s strategy. “We are promoting an offering to cater to diverse lifestyles and socioeconomic conditions, and we aim to transform Hawar into an eco-friendly offering that intertwines with nature to provide an experience of barefoot luxury that is second to none.“In doing so, the team is conscious of developing Northern Hawar in a holistic manner, promoting sustainability and innovation, while preserving the raw wilderness of the habitat.”Once completed, the project is expected to create 3,000 direct jobs.Hawar archipelago comprises 35 islands spanning over 51M sq m to the south-east of the Kingdom’s mainland. 80% of its land is a wildlife preservation zone, home to the world’s largest breeding for the Socotra cormorant bird, the dugong seacow, the Arabian oryx, reem gazelle, and extensive sea grass and coral.
Swiber Holdings has won three new contracts for projects worth $215M in the Middle East and Southeast Asia.Swiber, an offshore construction services provider to the oil and gas industry, has been awarded an engineering, procurement, construction and installation (EPCI) contract by a major oil company in Europe to replace pipeline in Qatar.The Group has started on the engineering phase of the development, which is its first offshore construction project in the Middle East, and is set to be complete in the third quarter of 2017. Recently, Swiber has also secured new contracts for two projects in Myanmar and Vietnam.The company is participating in a consortium that will carry out EPCI of two wellhead platforms, associated pipelines and tie-ins for a project off the coast of Myanmar. The customer has options to award an additional two wellhead platforms. Work on the project has already started and is anticipated to be complete by the first quarter of 2018. The third contract involves the provision of transport and installation services for a full field development project in the waters of Vietnam. The company has just started work on the contract, which is scheduled to be completed in the third quarter of 2016.Swiber’s deputy Group CEO Darren Yeo said: “Despite the ongoing oil market volatility and challenging conditions in the offshore oil and gas industry, Swiber continues to demonstrate our ability to successfully secure new projects. In fact, one of these new projects represents an important breakthrough for Swiber into the lucrative Middle East market.”
Larsen & Toubro and Al Balagh Trading & Contracting joint venture has been awarded a contract to build the Al Rayyan Stadium in Qatar.The contract was announced by the Supreme Committee for Delivery & Legacy.Designed by Ramboll and Pattern, the 40,000-seat stadium will host games up to the quarter-finals at the 2022 FIFA World Cup.Under the contract, the joint venture will be responsible for the main works and construction of the site, following the completion of enabling works.The contract for the project is for a combined value of $360m for both JV partners and is scheduled to be completed by 2019.After completion of the tournament, the stadium will accommodate 20,000 seats and will be the home for Al Rayyan Sports Club.Al Balagh chairman Sherida Saad Jubran Al Kaabi said: "The award of main construction works for Al Rayyan Stadium and precinct to Al Balagh, a 100% Qatari company along with its joint venture partner, L&T, is a great honour and recognition."L&T Qatar CEO Dr Jens Huckfeldt said: "It is a matter of immense pride for us at Larsen & Toubro Limited, along with our joint venture partner Al Balagh, to have been given the responsibility to design and build the Al Rayyan Stadium and Precinct in preparation for the historic first Middle Eastern FIFA World Cup in 2022."We are extremely mindful of the trust and confidence given to us by the Supreme Committee for constructing this stadium and it will be our endeavour to deliver a masterpiece."
Saudi Aramco has signed a memorandum of understanding (MoU) with GE and Cividale SpA of Italy to build the SAR1.5bn ($400M) forging and casting manufacturing facility in Saudi Arabia.The facility will be located in Ras Al-Khair under the Royal Commission of Jubail and Yanbu industrial area.It will complement Saudi Aramco’s plans to develop several industrial projects in the country including a maritime project focused on building, maintenance, repair and overhaul (MRO) of offshore platforms, jack-ups, offshore service vessels and commercial tankers.The facility is scheduled to be operational in 2020 and create 2,000 jobs in the region. Cividale is a producer in the steel and cast iron industry.Saudi Aramco’s senior vice president of finance, strategy and development Abdallah Al-Saadan said: “The MoU reflects our ambition to create a robust supply chain that builds positive synergies in the oil and gas manufacturing sector.“This builds on our deep commitment to support the goals of Saudi Vision 2030 to promote economic and industrial diversification in the Kingdom and boost localized manufacturing.”The plant is scheduled to be operational in 2020 and create 2,000 jobs in the region.
Turkey-based Limak Construction has secured a contract from the Kuwait's Ministry of Public Works to build the new terminal at Kuwait International Airport (KIA).The company has submitted the lowest bid of $4.34bn to carry out the construction work on the new terminal. The contract includes the provision of maintenance for an additional two years.Upon completion, the new passenger terminal will have the capacity to handle 25M passengers annually and accommodate all aircraft types through 51 gates and stands. The project, designed by Fosters + Partners, will feature the latest technology and will be able to generate 12MW of solar power through 66,000 panels, to be installed on the terminal’s roof. Limak Group vice chairman Sezai Bacaksiz said: “The project is more than an airport, it is a link between the two countries; Kuwait and Turkey, between two economies, between two societies.“As a result of this link, new technologies will be introduced and transferred, new jobs will be created locally, planned local procurement will be in the hundreds of millions of dollars, local businesses will flourish, all while we train and equip Kuwaiti men and women of the future through the various education and empowerment initiatives that we have planned for Kuwait over the next six years and beyond.”The new terminal, aiming to achieve LEED Gold certification, is scheduled to be complete in six years.
Dubai’s Roads and Transport Authority (RTA) has awarded an AED703M ($191.3M) contract for phases 4 and 5 of the Dubai Water Canal Project.Phase 4, which will cost about AED307M ($83.5M), is part of infrastructural works for property development on both sides of the canal, including roads and utility lines.Estimated to cost AED396M ($107.8M), phase 5 will link the Business Bay Canal with the Dubai Water Canal and terminate at the Arabian Gulf.The canal stretches 3.2km from the Business Bay Canal up to the Arabian Gulf via the Sheikh Zayed Road, Al Wasl Road and Jumeirah Road.The scope of the work will include the construction of quay walls using precast concrete slabs along the stretch of the canal, the completing and diverting of utility lines and key services, and the removal of impacted services.It will also include the treatment of hyper-saline water from the Business Bay Lakes, the removal of sand barriers in the course of the canal, and the construction of three marine transport stations.RTA’s director-general and chairman Mattar Al Tayer said: “Projects to be constructed on the waterfront will be served by modern water transport means, and result in improved quality of water in the Dubai Creek.”Both phases of the project are expected to be complete by the end of September.
Dubai Holding’s real estate arm Dubai Properties Group has started work on a AED1bn ($272M) waterfront development in Dubai.The project, named ‘Marasi Business Bay’, will feature a 12km promenade, water homes with boat access, floating restaurants and cafes, leisure and entertainment facilities and five tree-lined marinas.It will also include more than 100 shops and outlets, spanning about 16,000sq m, and 60,000sq m of park area.The promenade will be divided into three themed areas, the yacht club with luxury homes, the park and the pier.According to the developer, the Bay is set to become a major future landmark in Dubai, a unique waterside destination concept in the UAE and Middle East.H.E. Mohammad Abdulla AlGergawi, chairman of Dubai Holding, said: “The new project will strengthen the historic relationship between Dubai and its creek through the addition of a new dimension to the residential, tourism and leisure offerings along the Dubai Creek.“Located along the Dubai Water Canal, this waterfront destination embraces the longest water-side promenades, comprising a space rich with green spaces. Our goal is to build a way of life. “Our approach to the real estate landscape has gone far beyond the construction of towers and buildings, to encompass innovation and creativity; a symbol of the civilization of Dubai and the UAE and an essential instrument contributing to the happiness of the people as envisioned by His Highness Sheikh Mohammed bin Rashid Al Maktoum.”‘Marasi Business Bay’ will be built in phases, with its first phase, the promenade, to be complete by September 2016, followed by the park and the yacht club. Overall works are set to be concluded by 2023.
Dubai Municipality has awarded a contract to build an AED 1.8bn ($490M) conference centre in Dubai.Located on a 55,000sq m site in Al Jaddaf, the centre will feature Sheikh Rashid Hall conference venue, an 18,000sq m indoor arena with a height of 98ft capable of accommodating 10,000 people. It will include theatre-style seating and will be ideal for international conferences, seminars, music concerts and shows. The project will also see the construction of five sub-halls, each covering a total area of 975sq m and accommodating up to 1,000 people. The three new adjoining towers will include a 33-storey three-star hotel, a 48-floor four-star hotel and a 36-floor office block to be linked to the halls through a concourse building featuring shops and restaurants.A 65,000sq m car park with capacity for 1,800 cars will be also built.
Spanish construction firm Grupo ACS has secured a €235M contract to construct an industrial waste treatment plant in Abu Dhabi.ACS unit Intecsa, delivering the contract on behalf of the Abu Dhabi Oil Refining Company Takreer, will design, procure, build and commission a plant that will have a capacity to treat industrial waste from all the affiliates of Adnoc in Abu Dhabi.The facility will be situated in the industrial zone of Ruwais, about 250km west of Abu Dhabi.Construction work is set to commence next month and the plant is expected to be complete in the second half of 2019.
US-based Parsons has secured a contract to provide feasibility studies and preliminary design services for an AED6.4bn ($1.74bn) sewer project in Dubai.Under the contract awarded by Dubai Municipality, engineering, construction, technical, and management services firm Parsons will provide services for two deep wastewater tunnels and associated link sewers.The company’s services include the feasibility studies, the preliminary design, the tender preparation and support, along with programme management of the detailed design and construction phases, and supervision of the construction phase of the primary tunnels and pumping station.The tunnels, with a combined length of more than 70km, will cover the key catchments of Deira and Bur Dubai, supported by about 140km sewerage links and pumping stations.Upon completion, the project will eliminate over 100 pump stations across the city that presently transfer wastewater to treatment plants in Al Warsan and Jabal Ali.Parsons Group president Mike Walsh said: “This project is significant to Dubai Municipality and its role in the development of Dubai as a global city.“Parsons has extensive success managing complex and challenging wastewater projects around the world; we look forward to providing our services to Dubai Municipality.”
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