Projects worth $13.8 billion (Dh50.6 billion) were announced across the GCC in July 2019, a 140 per cent growth month-on-month, according to BNC Projects Journal. The energy sector registered the highest value in terms of new project announcements worth $9.2 billion, a Khaleej Times report quoting the journal said.
Khazaen Economic City, the master developer of the largest public-private-partnership project in Oman, has awarded the first construction contract to Galfar Engineering & Contracting for RO9.2 million ($24 million).
RMD Kwikform (RMDK) has launched a white paper that offers recommendations on how commercial building projects can drive productivity and improve on-site health and safety.
Oman has pledged investments of around $7 billion to advance the development of a countrywide wastewater treatment, recycling and reuse infrastructure system over the next two decades, a media report said.
More than 70 per cent of medium-to-large organisations in the buildings and cities sector in the UAE and Saudi Arabia expect to increase spending on digitalisation and Industrial Internet of Things (IIoT) technologies in the next five years, a report said.
Oil, gas and petrochemical projects, valued at more than $859 billion, are either under way or planned in the Middle East and North Africa (Mena), a report revealed. Of these, $283 billion worth of projects are being implemented as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
Luxury Turkish hotel brand Rixos Hotels, part of the Accor portfolio, has marked a major milestone in its Middle East expansion strategy after inking a deal with Eastern Company for Investment and Touristic Development, to manage its largest all-inclusive luxury resort on Egypt’s Red Sea Riviera.
Tasmim, a leading real estate developer in Oman, has appointed Unique Contracting as the main contractor for the Habitat project, a distinct mixed-use development located some 20 minutes from Muscat International Airport. Construction works have already commenced on the site, and demolition works will begin soon.
Duqm Hongtong Pipes Company recently celebrated the ground-breaking of Oman’s first factory for manufacturing reinforced thermopolyethylene (RTP) pipes at the Special Economic Zone of Duqm (SEZD), said a report.
The 50-megawatt (MW) Dhofar Wind Farm in Oman has produced its first kilowatt hour of electricity, marking a major milestone for the GCC region’s first utility-scale wind farm.
The construction in Duqm refinery is now 25 per cent complete, said a top official, adding that 7,500 people are working on the project. “By next year, the number will rise to 25,000 people working on the construction,” Ahmed bin Khalfan Al-Abri, a process engineer at the refinery, was quoted as saying by Times of Oman.
Elsewedy starts up two solar plants Two solar photovoltaic (PV) power plants developed by Elsewedy Electric, a leading integrated energy and infrastructure solution provider in the Middle East and Africa, and partners, have reached full commercial operation in Egypt.
