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Saudi Aramco has signed a contract with a consortium including Saudi Archirodon Company and Huta Hegerfeld AG Saudia Company for dredging, reclamation and marine structures for King Salman International Complex for Maritime Industries and Services in Ras Al-Khair.
A joint venture (JV) of Spain-based Abengoa and Italy-based Fisia Italimpianti has won a contract to build a desalination plant in Saudi Arabia.
Salini Impregilo has bagged a $300M contract from Al Khozama Management Company in Saudi Arabia.
Dayim Punj Lloyd Construction Contracting Company, a subsidiary of Punj Lloyd, has won an engineering, procurement, and construction (EPC) contract to deliver the ‘Clean Fuels Interfacing Facilities Project’ in Yanbu, Saudi Arabia.
Saudi Arabia has announced plans for a 334 sq km “entertainment city” south of Riyadh [pictured].The project will feature sports, cultural and recreational facilities — including a safari and a Six Flags theme park. The new city will be funded by the kingdom’s Public Investment Fund, who will be the main investor, and other local and international investors. Deputy crown prince Mohammed bin Salman Al Saud said in a statement, carried out by state news agency SPA, that the project will become “a prominent cultural landmark and an important centre for meeting the future generation's recreational, cultural and social needs in the kingdom”.Construction work is expected to commence in 2018, with the first phase of the project to open in 2022.
Asia-Pacific has the largest power generation construction pipeline out of the major regions, with $1.67 trillion worth of investments, according to a new report.
Construction firm Tutor Perini has won an $80M contract from the U.S. Air Force to design and build the Khurais Electronic Warfare Range in Saudi Arabia for the Royal Saudi Air Force.
1. Barzan Gas Development – Qatar
Hydrochem Saudi, a wholly-owned subsidiary of Hyflux, signed a memorandum of understanding (MoU) with the state-owned Saline Water Conversion Corporation (SWCC) to develop three desalination plants in Saudi Arabia.
French power utility Engie has won an order and closed financing for the green-field Fadhili independent power project (IPP) in Saudi Arabia.
The Briman Strategic Water Reservoir in Jeddah, Saudi Arabia, is currently the world’s largest drinking water storage facility, says Simon White, Atkins’ technical director and the project’s design manager.
Italian construction firm Salini Impregilo has completed the tunnel excavation work along Line 3 of Riyadh Metro in Saudi Arabia.
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).
Italian turnkey contractor Saipem has won two contracts worth around $1bn from Saudi Aramco for the works related to the development of three offshore oilfields in Saudi Arabia.
South Korea-based Hyundai Engineering & Construction (Hyundai E&C) has won a $735M contract from Saudi Aramco to construct a gas processing plant in Saudi Arabia.
Doosan Heavy Industries & Construction has secured a contract worth KRW1tr ($900M) for the construction of a combined-cycle power plant in Saudi Arabia.
Saudi Arabia based contractor Saudi KAD has secured a contract from Saudi Aramco to deliver strategic pipeline projects related to the Master Gas Program Phase II, and the Fadhili Gas Program.
Larsen and Toubro’s construction unit has secured contracts worth INR14.58bn ($218M) across its various business segments.The company’s power transmission & distribution business has won engineering, procurement and construction (EPC) contracts worth INR6.54bn ($97.8M) in the international and domestic markets.The business has been awarded a contract by the National Grid Saudi Arabia — a subsidiary of Saudi Electricity Company — for the construction of a 132kV double circuit transmission line and a 132kV cabling in the Rafah, Arar, and Sakaka areas of Saudi Arabia.Furthermore, the business has won an order, under the Integrated Power Development Scheme (IPDS), from Kanpur Electricity Supply Co. Ltd. (KESCo). The Urban Electrification project involves the design and construction of new substations and feeders and the upgrade of electricity network of Kanpur city in Uttar Pradesh.The business has also won a contract from Power Grid Corporation of India for the construction of gas insulated substations in Vadodara, Navasari, Pune, and Gwalior cities. The building & factories business has been selected for projects valued at INR5.18bn ($77.4M) in the domestic market.It has won an order from a paint manufacturing company for the construction of a new manufacturing facility in Karnataka. The scope of the project includes civil and allied structural works.Additionally, the business segment has secured a residential project at Bengaluru. The contract includes civil and structural works for the construction of seven towers of G+14 and 11 towers of G+15 with two levels of common basement.The company’s smart world & communication business has won a contract worth INR2bn ($29.9M) from Bihar State Electronics Development Corporation (BSEDC) for the implementation of a wi-fi project in the campuses of government universities, constituent colleges and other premier academic institutions in the Indian state of Bihar.Larsen and Toubro’s other businesses also secured orders worth INR860M ($12.8M) across various ongoing projects.
Saudi Arabia and China have signed a memorandum of understanding (MoU) to build 100,000 homes in Al-Ahsa, Saudi Arabia, Saudi Press Agency reported.The MoU was signed between Saudi’s minister of housing Majed Al-Huqail and Chinese deputy minister of trade Quian Keming. This followed the visit of deputy crown prince Muhammad Bin Salman to China. A memorandum of cooperation was also signed between Al-Huqail and China’s Ningxia region to develop the Al-Asfar outskirts in Al-Ahsa province. According to Saudi’s minister, Al-Asfar District occupies an area of 54M sq m, and the 100,000 houses to be built will include high-quality villas and apartments with different options. In August, Saudi Arabia announced an $800M social housing project in partnership with the private sector.
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