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CB&I team wins largest Liwa Plastics packageSubscription
The total cost of the Oman scheme is expected to be $5.2bn
Only the strong survive a cash flow crisisSubscription
Contractors without financial clout will struggle to shoulder the burden of delayed payments
Construction sector faces cash-flow crisisSubscription
Clients have delayed payments as government revenues fall on oil price slump
Interview: Karim El-Solh, CEO, Gulf Capital
The 25-year loan will cover 15 per cent of the Egyptian side of the project
Two frontrunners emerge for AtlantisSubscription
Contract is one of Dubai’s most high profile construction deals
Russia signs Egypt nuclear power dealSubscription
Deal involves the supply of four reactor units
Standard & Poor's lowers Oman ratingsSubscription
Sharp increase in budget deficits expected due to lower oil prices
Contractors prepare bids for Reem Mall Subscription
Construction works for the estimated $1bn Abu Dhabi mall expected to start soon
Regional contractor may borrow more if payments continue to be delayed
Contract values expected to grow by at least 10 per cent in 2012
Visits to Doha from Dubai are a far more sociable affair than they used to be. In the past a trip to Qatar normally meant lonely nights in a hotel room catching up with emails and work.
People in Doha say it is the stadiums planned for the 2022 Fifa World Cup. Others say it is the proposed rail and metro networks. Some say it is the port or the airport, both of which are currently under construction. And some still say it is in the on hold causeway that will connect Qatar with Bahrain.
In early 2009 I visited a Dubai-based contractor and during the meeting I was concerned that the company’s general manager was about to have a heart attack as he told me how much money his company was owed by local developers.
Dubai is a city that thrives on rumours and back in 2004 there was one story that everyone was talking about. The Palm Jumeirah is sinking. I remember being told the tale by engineers, housewives and taxi drivers. Everybody seemed to know about it.
In the desert outside Al-Ain the temperature in the UAE is forecast to cross 40°C this week for the first time this year. The event might not be a major one, but it’s a timely reminder that the cool days of winter are over and summer is fast approaching.