Sector upbeat on outlook
Despite economic headwinds plaguing the global construction industry, the UAE and Saudi Arabia appear to challenge the status quo with the vast majority (93 per cent) of construction decision makers in these two countries confident about the market conditions over the next 12 months, said a report commissioned by leading global construction managem
More...Oman Botanic Garden set to open by year-end
Oman’s Ministry of Heritage and Tourism is set to launch the first phase of Oman Botanic Garden – billed as one of the world’s largest such faclities – by the end of this year. Spread over a 4.
More...Ashghal announces $1.1bn Qatar construction projects
Qatar’s Public Works Authority (Ashghal) has announced plans to implement 22 new construction projects in the country at a total investment of QR4.1 billion ($1.12 billion). Of these, six projects, worth an estimated QR1.1 billion, are linked to the construction and development of several buildings, stated Ashghal.
More...Consultant named for initial study on new Bahrain airport
Bahrain’s Ministry of Transportation and Telecommunications has named a consultant to conduct an initial study on development of a new greenfield airport project in the kingdom. The ministry has awarded the contract to study the estimated $10-billion project to Netherlands Airport Consultants (Naco).
More...Sustainable City-Yiti homes sales launched
Oman tourism development company Omran and UAE-based Diamond Developers have announced the sales launch of Phase One of The Sustainable City-Yiti featuring 422 residential units including a wide selection of villas and apartments.
More...Mitsubishi to upgrade Kuwait power station
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, has announced that it has been awarded a long-term contract by the Kuwait Ministry of Electricity and Water and Renewable Energy (MEWRE) to optimise the performance of the Sabiya power and water distillation station and boost its efficiency.
More...Technip Energies wins $10bn EPC contracts
QatarEnergy has awarded key engineering, procurement, and construction (EPC) contracts worth $10 billion for the North Field South (NFS) project, which comprises two liquefied natural gas (LNG) mega trains with a combined capacity of 16 million tons per annum (MTPA).
More...Eleven new hospitals under construction in Oman
Oman’s Ministry of Health has announced that work is currently under way on 11 new hospitals in various governorates across the sultanate. Of these, the biggest healthcare facility, the 307-bed Al Suwaiq Hospital, is coming up in North Al Batinah Governorate, which is expected to be completed next year, reported Oman News Agency (ONA).
More...Korean group closes deal for 500MW Oman solar project
Leading South Korean group Kowepo (Korea Western Power) said it has officially signed the contract with Oman Power and Water Procurement Company (OPWP) for the development of a 500 MW solar plant in the Manah region of the sultanate. The Manah Solar Power project calls for establishment of a 1,000 MW solar power plant in the Manah region.
More...Naseej embarks on three new community projects
Leading Bahrain developer Naseej is currently spearheading the development of three new real estate developments – at Arad, BarBar and Amwaj Islands – in line with its goal of delivering urban and smart communities across the kingdom.
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June 2023 (Volume xliv Issue 6)