MEED
Issue No 17 23 - 29 April 2010
View all stories from this issue.
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A shadow on the regulator’s reputation
Bahrain has avoided the multi-billion dollar restructurings that hit other parts of the Gulf, but the high-profile debt problems at Gulf Finance House may signal tough times for local investment banking sector -
Abu Dhabi receives bids for airport construction management
Successful bidder will manage the building of the midfield terminal -
Al-Maabar to issue tenders for Libya and Jordan projects
Al-Maabar has $11.5bn of projects in North Africa and the Levant -
Arabtec
The Dubai-based firm’s future performance will depend on growth in overseas markets -
Arabtec: MEED Assessment
The Dubai-based firm’s future performance will depend on growth in overseas markets -
Aramco changes plans for $30bn of downstream projects
Ras Tanura refinery expansion scrapped as $17bn petrochemicals complex moves to Jubail -
Aramco faces solitary future with refinery schemes
Feedstock change means region’s biggest energy producer is working on two refinery schemes on its own. The decision has a knock-on effect on two other projects in the kingdom -
Aramco to go it alone on $10bn Yanbu refinery
Construction contracts and financing face delays -
Australian firm completes sulphur transport studies for Shah scheme
ConocoPhillips and Adnoc yet to make a decision on best way to transport sulphur -
Baghdad and Kurdistan discuss oil dispute
Final agreement on exports and payments unlikely until new Iraqi government is formed -
Bahrain investing in its culture
Bahrain is relying on local heritage and arts facilities to attract more tourists to the kingdom as part its drive to diversify the economy -
Bahrain moving beyond the economic crisis
Manama will look to stronger economic growth this year to push ahead with its ambitious Vision 2030 development programme -
Bahrain plans to double industrial output
Minister says 36 per cent of GDP to come from industry within few years -
Banks hunger for construction
But pricing is still a sticking point when signing deals, resulting in long delays in financing -
Belleli wins Vopak Fujairah oil terminal expansion deal
Italian firm wins main construction deal on estimated $100m expansion -
Client commitment
In order to help you identify and secure essential business opportunities we have invested in some great new features in the last 12 months. MEED Projects continues to take an invested interest in yours needs and strives to keep you on top of activity within the projects market - ensuring you are always aware of new announcements and market developments… -
Dewa shortlists advisers for Hassyan power project
Five groups shortlisted for Dubai’s first independent power and water project -
Diversification vital for Bahrain
The limited impact of the credit crunch means economic plans remain largely on track -
Easing a housing shortage in Bahrain
Bahrain’s social housing crisis is being tackled through a pioneering public-private partnership with the first phase about to be tendered -
Final bids on Borouge expansion due in May
Contractors had expected an April deadline for Ruwais plastics expansion -
Fouad bin Abdulsalau al-Farsy
Fouad bin Abdulsalau al-Farsy, Hajj minister -
Foulath pellet plants in Egypt and Oman still not finalised
No deal in place yet for plants based on new $700m Bahrain facility -
Gulftainer to operate two berths at Iraq's Umm Qasr
Sharjah-based port operator is already managing operations at berth 8 at Umm Qasr -
Ibn Rushd moves on Yanbu plastics expansion tender
Yanbu deal is part of scheme to produce more polyethylene terepthalate -
Kuwait invites firms for Bubiyan port consultancy contract
Winning firm will audit designs and supervise the construction of Bubiyan port -
Libyan airlines to merge by 2012
Libya currently has two national airlines Afriqiyah Airways and Libyan Airlines -
Litwin wins Ruwais gasoline improvement deal
Takreer has awarded more than $10bn of contracts since 2009 -
Maaden to launch $6bn smelter financing
Saudi bank meeting scheduled for 26 April -
Morocco invites expressions of interest for solar project
Deadline for submissions set for 24 May 2010 -
National Commercial Bank joins funding group for power project
Financial close for PP11 project planned for the end of May -
OlayanDescon wins Jubail chemical terminal deal
First deal for local/Pakistan joint venture in the Kingdom -
Plotting an infrastructure roadmap in Bahrain
Rising traffic levels have forced Manama to reassess its roads and highways strategy in order to alleviate congestion in the island kingdom -
Prince Abdulaziz bin Majed bin Abdulaziz
Prince Abdulaziz bin Majed bin Abdulaziz, Governor of Medina, Saudi Arabia -
Prince Khalid al-Faisal bin Abdulaziz al-Saud
Prince Khalid al-Faisal bin Abdulaziz al-Saud, Governor of Mecca, Saudi Arabia -
Prince Mite’b bin Abdulaziz al-Saud
Prince Mite’b bin Abdulaziz al-Saud, Municipal & Rural Affairs Minister, Saudi Arabia -
Prince Naif bin Abdulaziz al-Saud
A key figure leading the development of Saudi Arabia’s tourism sector -
Prince Sultan bin Salman bin Abdulaziz al-Saud
Prince Sultan bin Salman bin Abdulaziz al-Saud, president, Saudi Commission for Tourism & Antiquities -
Q&A: Riad Kamal, chairman, Arabtec Holding
Company engages in mutual agreements to further international growth -
Qatar receives bids for New Doha Port
New Doha Port Project Steering Committee plans to finish the first phase of the port in 2014 -
Qatar to tender Islamic studies centre contract by the end of May
Faculty of Islamic Studies will be located in Education City -
Qtel prices $2bn loan at 125 basis points
More than 10 banks join deal to refinance $2bn loan -
Regulation key to UAE's atomic plan
Contractors may build reactors in record time, but this pace must be matched by a regulatory framework -
Saudi Tourism
Six key figures leading the development of the kingdom’s tourism sector are: Prince Sultan bin Salman bin Abdulaziz al-Saud, Prince Naif bin Abdulaziz al-Saud, Fouad bin Abdulsalau al-Farsy, Prince Abdulaziz bin Majed bin Abdulaziz, Prince Khalid al-Faisal bin Abdulaziz al-Saud and Prince Mite’b bin Abdulaziz al-Saud. -
Sharjah cement plant delayed by lack of funding
Al-Ruya Industries lowers capacity and budget as it looks for funds -
Sorouh to tender construction contract for Abu Dhabi residential project
Local developer to tender phase two of Watani development next week -
Special Report: Bahrain - Manama widens economic plan
Gulf countries are acutely aware of their need to diversify away from the hydrocarbon sector, and Bahrain is no exception. -
Syria plans $1bn railway upgrade programme
Syria will build 1,350km of new lines as well as upgrading 1,450km of existing railway -
Syria rail could open up region's trade
$1bn investment in railway network may foster new trade routes throughout the Middle East -
Time for a gas Opec?
Falling gas prices have revived interest in a gas producers association -
Timing to be key in nuclear race
Competition to secure resources to build nuclear plants in the region is growing -
UK developer secures funding for Karbala timeshare hotel
Range Karbala hotel will be located near pilgrimage sites -
Yanbu refinery close to appointing banks for bond issue
Banks will arrange up to $1bn of capital-markets funding -
Zadco pushes ahead with $500m Satah field development
All three main Satah contracts will be tendered by May and awarded by October
