More than $23 billion worth of hotel construction contracts are scheduled to be awarded in the Middle East and North Africa (Mena) between now and 2023, the third annual AHIC Hotel Investment Forecast revealed.
Bahrain’s Gulf Petrochemical Industries Company (GPIC) has signed an agreement with the Italian oilfield services company Saipem to study the feasibility of various new projects in Bahrain.
It’s boom time for the airport construction and development sector in the Middle East and Africa (MEA) and Asia regions as the governments race against time to improve the capacity of airports and equip them with the newest technologies for passenger facilitation.
Bahrain LNG, the developer and owner of the first LNG receiving and regasification terminal in the Middle East on a public-private partnership (PPP) basis, has announced that it has completed the construction and commissioning of the terminal located in the kingdom.
There are an estimated 6,722 active projects with a combined value of more than $3.1 trillion planned or under way in the GCC, making it one of the most dynamic project markets in the world, according to the GCC Construction Outlook 2019 report by Meed.
UK-based Addfield Environmental Systems said it has been awarded a major contract by a Kuwaiti group to set up a waste-to-energy plant in the country. Construction work on the mammoth project will begin later this month.
Oman Aviation Group has unveiled the masterplan for its Muscat Airport City, a mega development that will consist of a hospitality, a logistics and a business zone.
Oman’s Ministry of Transport has awarded contracts worth more than RO165 million ($427 million) for two key road developments in the sultanate, said a report.
The construction industry in Bahrain is likely to play a significant role in the country’s economic growth in the future, according to a new report by global research and advisory firm Oxford Business Group (OBG).
Bahrain will be issuing a global tender for the multi-billion-dollar metro project within the next 18 months, said the kingdom’s Transportation and Telecommunications Minister Kamal Ahmed. The estimated cost for Phase One of this ambitious project is around BD500 million to BD600 million ($1.32 billion to $1.
Qatar Company for Airports Operation and Management (Matar) has awarded five major construction contracts in connection with the multi-phased expansion project plans of Hamad International Airport (HIA). HIA’s expansion will be carried out in two phases. Phase A will include linking the north node to the new central concourse.
