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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.
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.
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