Hanwha Engineering & Construction (Hanwha E&C) has secured a $400m EPC contract from Saudi Calcined Petroleum Coke (SCPC) for a chemical plant in Saudi Arabia.The contract marks Hanwha E&C's third chemical order in Saudi Arabia and follows the construction of an ethylamine chemical plant in 2010 and the $900m under-construction phosphoric acid plant.The new chemical plant will be located in the Jubail 2 Industrial City, southeast of Saudi Arabia. When completed, the facility will be capable of producing 670,000 tonnes of calcined petroleum coke annually.Hanwha E&C carried out the design work in advance through the early work agreement, which enabled the Korean construction company to enhance the design accuracy.Construction is expected to be completed by the first half of 2018.
Aldar Properties has launched Yas Acres in Abu Dhabi, a residential development worth AED6bn (about $1.63bn).Yas Acres will be built on the northern shores of Yas Island. It will feature range of two- to six-bedroom villas and townhouses.The development will have 1,315 villas. Villa clusters will include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and barbecue areas.A full length nine-hole golf course and member's country will be at the centre of the development. Running the full length of the development along either side of the golf course will be the Royal Oak comprising four- to six-bedroom luxury villas with golf, park and sea views.Yas Acres will also feature five mosques, two schools, a retail centre, a full service ADNOC petrol station, a yacht club and marina. When completed, the development will be able to house 15,000 residents. Aldar Properties CEO Mohamed Khalifa Al Mubarak said: "Yas Acres is compelling for investors looking to buy into the steady returns and future growth of the well-established Yas Island community."The new development is also exciting for those who want to buy a family home to live in and aspire to the luxury lifestyle amenities that define Yas Island living."We have designed a complete, sustainable community and are confident buyers will be eager to gain access to these new quality homes."
Emaar Properties has unveiled plans to build a $1bn skyscraper in Dubai that will exceed the height of the Burj Khalifa, which is at present the tallest building in the world.The tower at Dubai Creek Harbour project will be "a notch taller" than the 828m Burj Khalifa, but its exact height has not been revealed. It has been designed by Spanish/Swiss neo-futuristic architect, structural engineer, sculptor and painter Santiago Calatrava Valls. The design will be finalised after elaborate wind tunnel testing and all mandatory seismic testing.The design of the tower has been inspired from the lily and invokes the image of a minaret, which is a common feature and distinctive aspect of Islamic culture. The building will have an observation deck, gardens, and between 18 and 20 floors dedicated to shops, restaurants and other tourist facilities.The project will take into consideration environmental and sustainability features such as environment-friendly tram service and a number of green corridors.Emaar Properties chairman Mohamed Alabbar said: "The Tower in Dubai Creek Harbour is our tribute to the positivity, energy and optimism that Dubai and the UAE celebrate, led by a leadership committed to all-round progress."It will be the destination for the world to visit, enjoy and celebrate life, as Dubai prepares to host the Expo 2020."It will also position Dubai Creek Harbour as one of the most desired residential, leisure and touristic attractions, providing visitors and residents with a modern, luxurious and sustainable environment in which to live, work, learn and entertain."
L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro (L&T), has won two EPC contracts worth $370m from Petroleum Development Oman.The new contract includes engineering, procurement and construction of Saih Nihaydah Depletion Compression Phase 2 and Kauther Depletion Compression Phase 2 Project.The Saih Nihaydah field is located in central Oman and has been producing via the Saih Nihaydah Gas Plant, which was commissioned in 2005. The Kauther Gas Plant is located about 120km from the Saih Rawl Central Processing Plant.Both projects are being undertaken with an aim to overcome pressure depletion and maintain potential in order to sustain production.
UAE-based Engineering Contracting Company (ECC L.L.C.) has secured a contract worth AED687m ($187m) from Dubai Islamic Bank (DIB) to build the Badr Project Phase 1 on a DIB-owned land in the UAE. The project forms part of a self-contained residential community that includes five distinct zones with apartment buildings, as well as a number of villas and other community buildings and recreational facilities.DIB said that the Badr project will have a Mediterranean theme, inspired by elements of Andalusian, Spanish and Italian architecture.With a total built-up area of 13.8m sq ft, Badr Project will be developed across five phases. First phase will have a built-up area of 2.2m sq ft and is anticipated to be completed by 2018.Phase 1 is located centrally within the overall project adjacent to a central park with mixed-use and retail facilities. DIB managing director Abdulla Al Hamli said: “Following a thorough tender process to identify the right construction partner, we selected ECC L.L.C. as the lead contractor to bring the Phase 1 of this project to completion. “With regard to Badr, we are confident that given its location, quality of project, attractive price points, it will be high on the priority list of investors.”
Dubai Electricity and Water Authority (DEWA) has revealed plans to construct 64 substations over the next three years.The project, which will be carried out in association with various developers in the Emirate, will cost an estimated AED6.7bn ($1.8bn).The 132/11kV substations will be connected to existing electricity networks.DEWA MD and CEO Saeed Mohammed Al Tayer said: “In line with the directives of our wise leadership to achieve sustainable development for the whole community, DEWA is working to develop an integrated electricity infrastructure that performs to the highest levels of quality and efficiency.“DEWA has adopted a long-term strategy to increase the efficiency and reliability of its existing infrastructure by keeping up to date with the latest technological advances and best international practices in electricity and water.”The projects associated with this strategy are being currently implemented and are expected to be completed before mid-2018.
Emirates Aluminium Rolling (Emiroll) is set to invest about AED440m ($119.7m) for the construction of an aluminium rolling plant in the Khalifa Industrial Zone Abu Dhabi, UAE.Emiroll is a joint venture between Dubal Holding with a 35% stake, Dubai Investments with a 30% holding, and Singapore-based industrial group MARS with the remaining 35% stake. The plant, spread out on 900,000 sq ft of land, will be used to manufacture 65,000 tonnes of aluminium coils annually, comprising 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminium for applications in downstream industries.Construction of the plant will commence soon, with the facility expected to be operational by the third quarter of 2017.Dubal Holding CEO Abdulnasser Bin Kalban said: “Dubal Holding has kept its focus firmly on a diverse growth strategy, and this joint venture with Dubai Investments and MARS for Emiroll aims at creating new demand for aluminium in the rapidly-growing downstream industries across the region. “Dubal Holding’s stake in Emiroll is a significant milestone in its growth plans, as it seeks to strengthen its presence in aluminium sector globally.”
Arabtec Construction has won a contract worth AED1.7bn ($462m) from the UAE federal government to build villas for UAE nationals in Mohammed Bin Zayed City, Fujairah.The scope of the contract will include the construction of 1,100 villas on a 215-hectare plot, including 300 five-room villas, 700 four-room villas, and 100 villas for widows or small families.The project will have a total built-up area of 430,000 sq m. Construction work is expected to commence immediately and will be completed in about two-and-a-half years.Arabtec Holding acting CEO Saeed Mohamed Al Mehairbi said: “We are proud that the Ministry of Presidential Affairs has chosen Arabtec to execute this project of national importance.”
Brookfield Multiplex has been selected as the main contractor for Dubai-based real estate developer Omniyat’s One at Palm Jumeirah project in Dubai.The AED2bn project ($544.5m) project will include the construction of a 107,795 sq m building, comprising 23 floors.The building, located at the first plot on the trunk of Palm Jumeirah, will include 90 luxury apartments designed by Tokyo-based interior designer Super Potato. The apartments will incorporate high quality materials, finishes, joinery, kitchens, walk-in closets and bathrooms.The project will be divided vertically into three cores, with each core offering access to a maximum of two apartments per floor.The base of One at Palm Jumeirah will feature three swimming pools, a private yacht club, spas, gym, library, private cinema as well as landscaped areas designed by Vladimir Djurovic.The LEED Silver project is expected to be completed within two years.
Oman-based engineering and construction firm Galfar Engineering has secured a construction contract for an oil and gas processing facility worth OMR115m ($298.7m) from Petroleum Development Oman (PDO).The scope of the contract will include the construction of a new central processing facility at PDO’s Yibal Khuff project, located south-west of Oman’s capital Muscat. The company will also be responsible for civil, mechanical, electrical as well as instrumentation works. The contract will have a duration of more than 51 months."We expect reasonable income from this project," Galfar said in a bourse statement.
Dubai's Road and Transport Authority (RTA) has awarded a contract worth AED611m ($166m) for the Sheikh Rashid Road-Sheikh Khalifa bin Zayed Road Interchange Project in Dubai, UAE.
Arabtec Construction, a subsidiary of UAE-based construction group Arabtec Holding, has won a contract to build an AED1.1bn ($300m) residential project in central Dubai, UAE.The project will involve the construction of two 50-storey towers featuring residential apartments. It will have a built-up area of over 227,000 sq m. Construction on the residential apartments is due to commence immediately, with completion expected within two-and-a-half years.Arabtec has not yet disclosed the name of the project’s client.Arabtec Holding acting CEO Saeed Mohamed Al Mehairbi said: "We are delighted to have been chosen to execute this important project adding further to the strong momentum in which we have begun 2016."
A Sacyr-led consortium has secured a contract worth over $1.2bn from Oman Power and Water Procurement Company to construct a desalination plant in Oman.
Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, has revealed plans for the AED30bn ($8.1bn) Dubai Wholesale City project.
Construction work is set to commence on a new $250m office building for HSBC in Downtown Dubai, UAE.
Engineering and construction group SNC-Lavalin has won an $800m oil and gas contract in the Middle East.
ScottishPower has completed a feasibility study to evaluate the possibility of expansion of the 440MW Cruachan Pumped Storage hydro plant near Oban, Scotland.
Japanese engineering services firm JGC has secured a contract worth JPY40bn ($329.9m) to construct a gas processing plant in Bahrain.
Dubai has announced plans to build the biggest library in the Arab world, which will entail an investment of AED1bn ($272.2m).
Ssangyong Engineering & Construction’s Dubai unit and China State Construction Engineering (Middle East) have secured a contract worth AED1.4bn ($381.1m) from Nakheel to build The Palm Gateway at Dubai’s master development Palm Jumeirah.