Work is moving at a steady pace on the new terminal building (T2) at Kuwait International Airport despite the Covid situation with nearly 40 per cent of the project already completed, reported Arab Times, citing a senior official.
Bahrain has awarded a total of 1,022 tenders in the first nine months worth $2.7 billion, according to new data released by Bahrain’s Tender Board – the country’s government procurement regulator. In terms of value of contracts, the oil sector took the lion’s share awarding 134 tenders worth $733.
Work on the new Bahrain International Exhibition and Conference Centre in Sakhir is on track. Bahrain’s Work, Municipalities Affairs and Urban Planning Ministry has already completed casting concrete bases and started installing steel structures, according to the Gulf Daily News, our sister publication.
Iraq’s government has agreed to sign a $2.625-billion contract with South Korea’s Daewoo Engineering & Construction to build the first phase of a giant commodities port at Faw in the south of the country, reported Reuters, citing a senior port official.
The GCC real estate market outlook remains bleak with signs of the bottoming out of transactions prolonged further into this year, according to Kuwait-based financial powerhouse Kamco Invest, indicating that recovery in 2021 will depend on both cyclical and structural catalysts.
Leading players in the construction and contracting sector are in the race for a key contract to build a seafood cannery plant at the new Duqm Fisheries Complex in Oman.
Oman has opened up around 33 projects and initiatives on a public-private partnership (PPP) basis, involving investments worth over $2.5 billion, for local and international investment, said a report.
Work has started on the new Boubyan Bank headquarters in Kuwait, according to SSH, a key masterplanning, infrastructure and project management company in the Middle East.
Egypt-based Orascom Construction said its consortium with Mitsubishi Corporation has secured a major contract from the National Authority for Tunnels (NAT) to execute the railway systems, track and depot works package for the first phase of Cairo Metro Line 4.
Kuwait National Petroleum Company (KNPC) has commissioned the country’s largest crude distillation unit with a refining capacity of 264,000 barrels per day at Mina Abdullah Refinery. Work is currently under way on 12 new process units from five licensors, inter-refinery transfer lines and interconnecting pipe rack.
5,000 homes ready in East Hidd Bahrain’s Housing Ministry has announced the distribution of 5,000 residential units at the Qulaya district in the East Hidd region of the kingdom to the beneficiaries in line with the order of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, reported BNA.
