Tuesday 31 May 2016
 
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Construction

$45bn contracts awarded in GCC from Jan to April

Over $45 billion worth of contracts were awarded to contractors during the January - April 2016 period in the GCC, according to construction projects tracking service Ventures Onsite. “This is a 27 per cent decrease from the $62 b

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Turkish firms out in force at Dubai stone expo

Turkish companies were out in force at the Middle East Stone, the region’s only exhibition dedicated to the stone, marble and ceramics industry, held recently in Dubai, UAE.   The show, created by the organisers of The

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RTA awards $191m Dubai Water Canal contract

Dubai's Roads and Transport Authority (RTA) has awarded a Dh703-million ($191 million) contract for the construction of the fourth and fifth phases of the Dubai Water Canal project. The Dubai Water Canal project is a unique tourist

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Oman's Asaas launches new construction unit

Muscat National Development and Investment Company (Asaas), aleading player in the country, has launched its new construction management subsidiary ‘Kayan.’ The newly-formed unit will be responsible for the management

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Orascom Construction posts $23m Q1 profit

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million a year ago. The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the US in

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Muscat airport terminal to be ready by year-end

Construction work on the terminal for new Muscat International Airport is going as per schedule and will be completed by the year-end, said a report, citing a senior minister. The Passenger Terminal Package (MC3 package) is 91 per

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Muscat airport terminal to be ready by year-end

Construction work on the terminal for new Muscat International Airport is going as per schedule and will be completed by the year-end, said a report, citing a senior minister. The Passenger Terminal Package (MC3 package) is 91 per

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Bahrain awards $46m construction tenders in April

Bahrain has awarded 15 contracts worth BD17.4 million ($46 million) and invited bids for four tenders worth BD486,500 ($1.27 million) in April for projects related to roads, sanitary works and construction. Ministry of Works, Muni

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Saudi construction contract value plunges 51pc in Q1

The total value of construction contracts awarded in Saudi Arabia hit SR27.9 billion ($7.4 billion) during the first quarter, down 51 per cent over SR57.3 billion ($15.2 billion) for the same period last year, said a report by the country's

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Experts to discuss GCC construction market issues

Construction industry leaders from across the GCC will seek to identify strategies for tackling the changes taking place in the region as a result of the fall in oil prices at the upcoming Meed Construction Leadership Summit (MCLS) in Dubai, UAE

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