Petrofac, a provider of oilfield services to the oil and gas industry, has been awarded a contract by Kuwait Oil Company (KOC) for a gathering centre project in the Burgan oil field, Kuwait.
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.
Timetric’s Construction Intelligence Center (CIC) has further revised downwards its outlook for growth in construction activity in the countries of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE).
The Kuwait Projects Company and its partners have unveiled details of the Hessah Al Mubarak real estate development in Kuwait.
Larsen & Toubro subsidiary L&T Hydrocarbon Engineering Limited (LTHE) has secured contracts worth INR11.7bn ($174M) across its various business segments.The business has won a lump-sum turnkey contract valued at INR3.55bn ($53M) from Indian Oil Corporation Limited (IOCL) for a coke drum system package including a 1.7M metric tonnes per annum delayed coker unit at its Haldia Refinery in West Bengal, India. Reliance Industries Limited has awarded another contract worth INR5bn ($74.4M) to L&T Hydrocarbon for its MEG, LDPE and CO shift & AGR shift of DTA units.LTHE has won an INR2bn ($29.7M) contract from Hindustan Mittal Energy Limited (HMEL) for composite mechanical works of its Low Cost Expansion Project and services for capacity expansion at Guru Gobind Singh Refinery, Bathinda. The scope of work involves the structural fabrication and erection, piping for multiple process units, tankage works, equipment erection, E&I works and shutdown works.The business has secured an order worth INR1.15bn ($17.1M) for an on-going project in Kuwait, which includes the fabrication of piping spools, to be supplied from L&T’s Kattupalli Yard near Chennai, and supply of static equipment to an Indian client from L&T’s Hazira Yard located in Gujarat.
The Government of Egypt and the Kuwait Fund for Arab Economic Development have signed a loan agreement of $98.6M for the construction of five desalination plants in Southern Sinai, Egypt.The project will aim to meet the demand for potable water in some towns in the South of Sinai, as well as in existing residential settlements, and other settlements due to be established, in the Sinai Peninsula.The five plants will process water from the Red Sea and other related works.One of the plants, to be located in the town of El Tor, will have a daily capacity of 20,000cb m, while the other four plants, to be located in Ras Sidr, Abu Zenima, Dahab and Nuwaiba, will each have a capacity of 10,000cb m per day.The development includes the supply of electricity to the plants and the installation of pipelines with a total length of about 42km and diameters ranging between 500–800mm for transmission of the desalinated water to storage tanks, and pipelines with a total length of about 183km and diameters ranging between 200–500mm for transmission of water from the tanks to the nearby settlements.Additionally, it will also involve the construction of eight pumping stations and the necessary networks for distribution of water inside the settlements. The project is expected to be complete by the end of 2019.
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.