Construction of the new $1-billion King Abdullah Medical City in Bahrain is expected to commence in June. Tenders have already been invited from interested contractors from Saudi Arabia and Bahrain for levelling the land on the country’s east coast for the complex.
Hill International, a global leader in managing construction risk, said it has won a QR14.6-million ($4 million) contract to provide project management services for the first phase of the Central District development at Al Wa’ab City in Qatar.
Qatar Rail has made significant progress in the construction of the Doha Metro project, with more than 50 per cent of the total works on the four lines having been completed following the recent successful tunnelling of the entire 53.25-km stretch, said a report.
Work on King Hamad Causeway, the second link between Bahrain and Saudi Arabia, is “on track” and final touches are being put to the financial aspect of the project, according to a top minister.
Qatar’s built assets, including transport links, residential and commercial property, and productive industrial centres, are likely to contribute $152 billion to the Qatar economy, up 11 per cent over the last two years, said a report.
The GCC projects market is expected to record at best $120 billion worth of contract awards in 2016, down at least a third over last year and well below what was initially forecast, as low oil prices severely impact government expenditure, according to a new report.
Qatar’s Public Works Authority (Ashghal) said it has started excavation works for the main trunk sewer, a key part of Doha South Sewage Infrastructure Project. The project has been designed to serve areas in the south of Doha and the expected population growth over a hundred years.
Kuwait has completed the initial studies on its ambitious metro project, which is estimated to cost KD1 billion ($3.3 billion), according to a report. Work on the project, which is likely to see strong private participation, will begin in 2018 and is scheduled to be completed by 2023, reported Arab Times, citing a senior official.
Hempel, a leading paint manufacturer, is set to open a new factory in Kuwait this year in line with its plans to boost the company’s production capacity to 19 million litres from the current 13 million litres.
Kuwait has announced the successful completion of the construction phase of its $1.7-billion Azzour North One, the first independently owned power and water plant in the country, and has now initiated the launch of its full commercial operation, said a report.
Bahrain-based Almeer Trading Establishment is expanding its showroom space in response to the increasing demand for its sanitary ware and building products.
A joint venture of leading Qatari contractor HBK Contracting and China Railway Construction Corporation (CRCC) has won the main contract for the 80,000-seater Lusail Stadium in Qatar.
Qatar is set to pump in about QR46 billion ($13 billion) on mega infrastructure projects in the country in 2017 with a major focus on projects related to the Fifa World Cup 2022, said a report. The move comes as part of its strategy to achieve sustainable development and economic diversification and reach its target of 3.
The $775-million Sheikh Jaber Al Ahmad Cultural Centre (SJAAC), designed by SSH – one of the leading masterplanning, infrastructure and building design firms in the Middle East – has been opened in Kuwait. The new facility will showcase performing arts and create a world-class theatre quarter in a spacious parkland setting.
Villamar@The Harbour relaunched Bahrain-based Gulf Holding Company (GHC) has signed a final sukuk restructuring agreement with Rajhi Bank and GFH Financial Group to officially mark the relaunch of the Villamar@The Harbour project at the Bahrain Financial Harbour.
