MEED: Middle East news, data and analysis
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News
Doosan wins $3.4bn power plant contract
Saudi Electricity Company selects South Korean company for 2,800MW oil-fired power plant
Al-Futtaim forms $1.6bn joint venture for Doha retail park
Development will be located near Doha International Airport
Egypt considers solar and gas hybrid plans
Projects could generate 300MW power
Kuwait University extends bid deadline for construction project
Winner will build service tunnels at the new Sabah al-Salem campus
Riyadh awards Ras al-Zour contracts
Local/Chinese consortium wins power package and South Korea’s Doosan to build desalination plant
Egypt to open financial bids for wind farm
Winning bidder to be selected by early-2011
Chinese to build Iranian railway
The Chinese Railroads Minister will travel to Tehran on 12 September to sign the contract
National Bank of Kuwait's rights issue to begin on 5 October
Issue aimed at supporting expansion plans
Agenda
Saudi Arabia: The Gulf’s construction heavyweight
Riyadh’s plans to spend $385bn over the coming five years will see it dominate the region’s projects market
MEED Comment
Saudi Arabia provides a bonanza for GCC contractors
The kingdom’s $385bn spending plan will ensure much-needed work.Gaining a foothold in the market will be a challenge for outsiders
Saudi Arabia’s fuel U-turn
The kingdom has awarded contracts on the gas-fired power and desalination plant at Ras al-Zour. Riyadh had decided in 2006 to use oil for its power and water schemes
Local oil producers now dominate the Middle East
National oil companies no longer rely on internationals. Gulf states now have the upper hand as Asia opens as a new market
Kuwait oil needs a strong leader
Restructuring resulting from subsidiary mergers aims to cut out bureaucracy in Kuwait’s oil sector. A more cordial national assembly should allow change
Jizan has always been a challenge
Contract delay is a minor blip for the refinery scheme and lost time can be made up later
Special Report
Other Analysis
Dubai Financial Market merger boosts Nasdaq Dubai
Some early signs of success from the Nasdaq Dubai-DFM merger could bolster arguments for further consolidation among Gulf stock markets
Sharjah food prices
Market vendors often overinflate food prices during Ramadan to take advantage of increased demand. In the UAE, there are spot checks to catch offenders
MEED List
UAE Dubai World Central
The six key people involved in the development of Dubai’s new aviation and logistics hub: Sheikh Ahmed bin Saeed al-Maktoum, Rashed Buqara’a, Michael Canon, Khalifa Suhail al-Zaffin, Robert Andrews and Mohsen al-Awadhi
Oman tourism
Six key people driving the development of Oman’s tourism sector: Sultan Qaboos bin Said al-Said, Wael Al-Lawati, Rajiha Abdulameer Ali, Michael Lenarduzzi, Khamis bin Mubarak al-Alawi and David McCann
Business Close-up
Shoaibi Group
Shoaibi has maintained momentum by focusing on oilfield technology and forming joint ventures
GCC Projects Report
OUT NOW: GCC Projects Forecast & Review 2010. Exclusive research report from MEED Insight.
Order your report today
Latest Tenders
Upcoming Events
Middle East District Cooling 2010
27 - 29 September 2010, Park Rotana, Abu Dhabi, UAE.
Contract Awards
Supplements
MEED Education survey: Standards still fail to match expectations
A higher-quality, more diverse learning experience is needed to produce well-educated and ambitious GCC students, MEED’s survey reveals
Trends
Saudi Arabia insurance companies: Sharpening the competitive edge
Legislative change and stronger regulation has driven massive growth in the kingdom’s insurance sector
Last Word
Gulf businesses must plan for growth and volatility
Oil prices are forecast to rise by almost 100 per cent in the next 25 years in real terms. Volatility will be the biggest challenge facing companies serving the boom markets of the Middle East
Gulf Projects Index
Gulf Projects 7 September 2010: Iraq schemes continue to outperform
As Iraq keeps its top spot, the regional projects market remains flat in early September
