01 June 2016

Two Turkish have consortia won tenders to build sections of a TL7-billion ($2.36 billion) motorway project that will connect to a new bridge spanning Istanbul’s Bosphorus Strait.

Limak Holding and Cengiz Holding together won a tender to build the Asian section of the road project, Transport Minister Binali Yildirim said.

Builders Kolin Construction and Kalyon Group won a second tender to build the European segment of the road, he said. Both sections were tendered under the build-operate-transfer model.

The investment in the 115-km motorway is expected to span three years.

• CNH puts a strong Case forward in region
• $2trn projects in pipeline in GCC
• Work starts on $738m power grid
• Koreans help build $4bn Kuwait city
• Turkish firms win $2.4bn Bosphorus Strait project
• Russia lends Egypt $25bn for plant
• Qatar leads the way in smart buildings
• Kuwait to award $1bn city deal
• Acwa group wins Oman IPP deal
• Naseej awards CanalView contract
• Bahrain’s housing project on track
• Smartsource offers diverse green portfolio to region
• Manitowoc partners with Samson on new cranes
• Update
• 830 hotels ‘under contract’

Tags

Green Buildings Railway Construction Lighting Corrosion Technology Quarrying Britain & the Middle East Forklifts & Telehandlers Legally Bound Just Out Regional News Saudi Focus UAE Focus Events Diary of events Contractors Real Estate Interiors Tenders Manufacturers & Procurement Editorial Calendar - 2016

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.