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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.
Indian construction firm Punj Lloyd has secured $304m worth of oil and gas EPC contracts in Oman from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC).
Dubai developer Nakheel has signed a joint venture agreement with RIU Hotels & Resorts to develop a $170m hotel at Nakheel's Deira Islands master development.
Tekfen Construction has secured a contract to provide engineering, procurement and construction services for the Trans-Anatolian Natural Gas Pipeline Project (TANAP).
Construction work has started on the $1.1bn expansion of Bahrain International Airport, which is expected to boost the airport’s annual passenger handling capacity to 14 million.
The construction unit of Larsen & Toubro (L&T) has bagged contracts worth $204m across various business verticals.
DAMAC Properties has unveiled plans for the new AED7.4bn ($2bn) six-tower luxury project in Dubai, UAE.
The European Bank for Reconstruction and Development (EBRD) has provided funding for the development of a €318m hospital in Konya, in the central Anatolian region of Turkey.
Indian construction firm Punj Lloyd has secured $304m worth of oil and gas EPC contracts in Oman from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC).
Dubai developer Nakheel has signed a joint venture agreement with RIU Hotels & Resorts to develop a $170m hotel at Nakheel's Deira Islands master development.
Majid Al Futtaim has unveiled plans to invest SAR14bn ($3.7bn) to develop two malls in Riyadh, Saudi Arabia.
Maire Tecnimont’s subsidiaries Tecnimont and KT-Kinetics Technology have won an EPC contract worth $180m from Socar Polymer for a new polyethylene plant in Azerbaijan.
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