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This Week's News from MEED

Given the rising volumes of passengers travelling on the Dubai Metro, the region is beginning to establish a track record that lenders and bankers could use to predict whether project finance debts can be repaid

Project financing could be used for Gulf railways Subscription

23 October 2014 | By

New funding options for metro and rail projects under consideration

Al-Sawfa Cement awards $127m plant deal

Al-Sawfa Cement awards $127m plant deal Subscription

22 October 2014 | By

Germany’s ThyssenKrupp Industrial Solutions wins deal to build production line

Petrofac consortium wins deal on Abu Dhabi alumina refinery

Petrofac consortium wins deal on Abu Dhabi alumina refinery Subscription

22 October 2014 | By

Emirates Global Aluminium raw materials project expected to be completed by end of 2017

Water treatment

Dodsal starts work on Kuwait water plant Subscription

22 October 2014 | By

Dubai-based firm was awarded the contract on 15 September

Desalination

Deadline extended for Saudi desalination contracts Subscription

22 October 2014 | By

Work will involve building three desalination plants

Kuwait Oil Company has issued a tender for a project to construct a water treatment centre in North Kuwait

Kuwait tenders water treatment centre Subscription

22 October 2014 | By

Processing plant to be located in North Kuwait

Qatar awards mega reservoirs contracts

Qatar awards mega reservoirs contracts Subscription

22 October 2014 | By ,

Work involves building pipelines that will link reservoirs and new desalination scheme with water network

Kuwait Energy strikes oil in Egypt

Kuwait Energy strikes oil in Egypt Subscription

22 October 2014 | By

CEO says find has potential to boost daily production levels

Saudi Aramco has awarded China’s Sepco the contract for two booster gas compressor stations

Aramco awards Sepco $1.3bn gas contract Subscription

22 October 2014 | By

Chinese contractor secures booster compressor stations deal after close bid round

Aramco sets stadium construction award date

Aramco sets stadium construction award date Subscription

21 October 2014 | By

Nine groups preparing to submit bids for programme

London-listed Genel Energy has struck oil in Morocco’s offshore Sidi Moussa block

Genel Energy strikes oil in Morocco Subscription

21 October 2014 | By

Find could be country’s first commercial oil discovery

In Abu Dhabi, new buildings must have a rating of at least one pearl and all government buildings must achieve a minimum of two

Lowest price wins must end for contract awards Subscription

21 October 2014 | By

Focus on cheapest bid hampering sustainable building development  

Construction

Saudi Aramco tenders 2,500 villa contract Subscription

21 October 2014 | By

Work will also involve providing supporting infrastructure

Egypt’s outlook has been upgraded from negative to stable by US ratings agency Moody’s Investors Service

Moody's upgrades Egypt outlook to stable Subscription

21 October 2014 | By

Increased political stability drives decision by ratings agency

Stock market

Mezzan aims for listing on Kuwait exchange Subscription

21 October 2014 | By

Offering pends approval from regulators

Saudi Arabia’s Umm al-Qura for Development & Construction Company is expected to award the the estimated SR6bn ($1.6bn) contract to design and build infrastructure for the King Abdul Aziz Road development project by the end of October

Saudi Arabia to award King Abdul Aziz Road in October Subscription

21 October 2014 | By

Two bidders shortlisted for infrastructure contract

The Sharq Crossing project involves building three bridges interconnected by subsea tunnels

Doha receives Sharq Crossing prequalifications Subscription

21 October 2014 | By

Estimated $12bn project split into eight packages

Jeddah-headquartered asset manager Sedco Capital is looking to increase the distribution of its sharia-compliant funds outside its client base in Saudi Arabia

Sedco Capital looks for clients outside Saudi Arabia Subscription

21 October 2014 | By

Saudi firm targets ethically focused investors

Amman set to join global climate leadership group

Amman set to join global climate leadership group Subscription

21 October 2014 | By

Jordan’s capital expected to become member of C40 group of major world cities

Once operational, one of the major issues for the Landbridge will be maintenance of the line and constantly clearing sand off the tracks in remote areas

Saudi Railway Company to prequalify contractors for Landbridge

21 October 2014 | By

Tenders expected in late 2015 or early 2016

Egypt and Sudan have agreed to support Libya's military as the nation’s parliament struggles to retake control of the country’s two biggest cities

Egypt and Sudan agree to support Libya’s military Subscription

21 October 2014 | By

About 65 have died so far in battle to take control of Benghazi

Syria

Isis oil production estimated to be worth $2m a day Subscription

21 October 2014 | By

US intelligence group IHS estimates Islamist group is able to produce up to 60,000 barrels a day  

Kuwait issues tender for manifold pipeline to link gathering centres

Kuwait issues tender for manifold pipeline Subscription

21 October 2014 | By

Pipeline to link gathering centres in the North Kuwait Operations Zone

Orpic pushes forward with Liwa Plastics Project

Orpic pushes forward with Liwa Plastics Project Subscription

21 October 2014 | By

Financial adviser confirmed on Oman petrochemicals scheme

Abu Dhabi starts production at Umm al-Lulu field

Abu Dhabi starts production at Umm al-Lulu field Subscription

20 October 2014 | By

First development phase complete as Adma-Opco works on full-field development

Algeria plans to tender Oran metro

Algeria plans to tender Oran metro

20 October 2014 | By

Client yet to decide on packaging strategy

Sace is looking to support Italian exports of machinery and equipment that will be used within Morocco’s expanding infrastructure and construction sector

Italian export credit agency eyes Moroccan deals Subscription

20 October 2014 | By

Sace to invest $255m to boost Italian exports to North African country

The developers of Israel’s offshore Tamar gas field have signed a memorandum of understanding agreeing to sell Egypt’s Dolphinus Holdings as much as 2.5 billion cubic metres of gas

Agreement signed on Israeli gas exports to Egypt Subscription

20 October 2014 | By

Tamar field partners agree to sell at least 2.5 billion cubic metres of gas to Egypt over three years

Qatar Investment Authority has purchased a stake in Hong Kong-based department store operator Lifestyle International Holdings

Qatar Investment Authority makes Hong Kong investment Subscription

20 October 2014 | By

Asia markets hold potential for sovereign wealth fund

Abu Dhabi Marine Operating Company signs enhanced oil recovery deal with BP

Adma-Opco signs enhanced oil recovery deal with BP Subscription

20 October 2014 | By

Emirate looking to develop technology similar to that used at UK field

Yokogawa wins Rabigh 2 power plant control systems deal

Yokogawa wins Rabigh 2 control systems deal Subscription

20 October 2014 | By

Saudi power plant being built by Samsung C&T

Healthcare and education start-up Amanat Holdings has launched the subscription period for its IPO on Dubai's financial exchange

Amanat launches IPO subscription in Dubai Subscription

20 October 2014 | By

Company aims to be region’s largest healthcare and education entity

Riyadh completes work on initial stages of water storage project

Riyadh completes work on initial stages of water security project Subscription

20 October 2014 | By

First phase will store up to 600,000 cubic metres

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