Alstom, a global leader in rail transport and sustainable mobility, said a consortium led by the company, together with partner Hyundai Engineering & Construction, have signed a memorandum of intent with the Iraqi Ministry of Transport to define a framework to accelerate the implementation of the Baghdad Elevated Train (BET) project.
The biggest challenge for companies in the Middle East projects industry since 2015 has been finding new work, with 2020 being the nadir of a five-year slowdown. Now added to that comes the nightmare for contractors to bring in finance as the region adjusts to new normal, said a report by GlobalData after reviewing the region’s $3.
Work will begin soon on Future Generation Reserve Tower in Bahrain, a key seafront office building being developed for Future Generation Reserve Fund, reported BNA. The project, which boasts a construction area of 63,000 sq m, will include 38 floors of office accommodation and provide various service facilities.
The construction sector in Middle East and North Africa is experiencing a severe slump this year and faces headwinds in 2021 with a slow recovery, but the pace of recovery will be uneven across countries in the region, according to GlobalData, a leading data and analytics company.
Bobcat, a leading construction equipment manufacturer, last month launched the new-generation R-Series B730 backhoe loader in the Middle East and Africa (MEA), replacing the company’s first generation B700, B730 and B750 models.
Pace, a leading Kuwait-based regional multidisciplinary consultancy firm, has announced steady progress on Marassi Al Bahrain, a landmark mixed-use waterfront project of leading Bahraini developer Diyar Al Muharraq. Giving a project update, Pace said nearly 56 per cent of the project had already been completed.
MH-Hydraulics, a leading hydraulic solutions provider in the Middle East, has launched a wide range of specialist products of Dutch group Rotar International in the region. Rotar International is a leading developer of hi-tech equipment for hydraulic excavators and wheeled loaders.
Reynaers Middle East, the regional office of the Belgian aluminium systems provider, has announced the recent completion of Awtad Residential Tower located near the eastern coast of Kuwait, south of the capital.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, said the construction work is well under way on its Spent Pot Lining (SPL) treatment plant, a first-of-its-kind facility in the GCC and Middle East region. Construction work began last year on the SPL treatment plant, which is being built over a 26,000-sq-m area.
