MEED
Issue No 50 11-17 December 2009
View all stories from this issue.
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Abu Dhabi delays pumping station tender to 2010
Project is part of $572m strategic tunnels enhancement programme -
Abu Dhabi extends Mafraq road project bid deadline
Transport department prequalifies five consortiums for public-private partnership scheme -
Al-Futtaim Carillion wins Adic tower deal
Contractor to build Abu Dhabi Investment Council headquarters -
Ammar Mabrouk el-Tayef
A leading figure in the tourism industry in North Africa, Jordan, Lebanon and Syria -
Aramco considers bids for Jubail refinery construction deal
Riyadh firm and Shell aim to meet US refinery emissions regulations -
Baghdad oil ministry must calm nerves
Oil companies have been nervous about whether preliminary agreements will still hold weight if the administration changes -
Bank calls for clarity on Omani power project support
Export credit agency seeks government guarantees for Barka 3 and Sohar 2 power plants -
Construction contractors enter an age of manufacturing
Opportunities for contractors have dwindled in the real estate sector since the onset of the global slowdown, but the GCC’s industrialisation plans offer a rich seam of potential work -
Dubai fallout threatens recovery in construction sector
The regional construction sector’s hopes of staging a recovery in 2010 could be dashed if Dubai fails to meet its commitments to domestic and international finance houses on time -
Dubai’s debt repayment crisis deepens
Contractors seek work outside Dubai as fears mount over non-payment from state-backed firms -
Echem sets 2010 deadline for $2bn petrochemicals contract
Egyptian Petrochemicals Holding Company to launch bidding in February -
Egyptian bank to complete $300m loan
African export credit agency loan increased in size -
Fadi Abboud
A leading figure in the tourism industry in North Africa, Jordan, Lebanon and Syria -
Fears over sukuk must be quelled in the Gulf
Resolving the current legal and security issues is imperative to preserve the potential of sukuk -
Financial shock to bring regional clarity
Dubai’s excess has driven up debt costs for all regional borrowers. These problems mean the era of ‘implicit guarantees’ is over -
Housing developers focus on affordability in Abu Dhabi
Abu Dhabi is addressing the emirate’s housing shortage by promoting policies that place the provision of low-cost accommodation at the heart of future real estate developments -
Kharafi National wins Abu Dhabi wastewater plant deal
Saadiyat Island sewage project is worth $102m -
Korean firm frontrunner for Omani gas deal
Winning engineering company to build $250m Saih Nihayda project -
Lukoil-ConocoPhillips to bid for West Qurna-2 oil field
Russian-US consortium seeks to develop unexploited reserves in Basra -
Maaden retenders alumina refinery deal
Bids for construction contract are due on 15 December -
Maha Khatib
A leading figure in the tourism industry in North Africa, Jordan, Lebanon and Syria -
Mergers and acquisitions activity stalls in the region
The value and number of transactions region-wide plummets in the wake of global financial crisis -
Mohamed Zoheir Garranah
A leading figure in the tourism industry in North Africa, Jordan, Lebanon and Syria -
Mohammed Boussaid
A leading figure in the tourism industry in North Africa -
Muscat needs to reassure Japanese bank
It would make sense for Muscat to provide the bank with some reassurance with guarantees -
National Water Company to issue Mecca and Taif water tender
Deadline for first of three public-private partnership schemes set for mid-December -
North Africa and Levant tourism
The six leading figures in the tourism industry in North Africa, Jordan, Lebanon and Syria are: Mohammed Boussaid, Mohamed Zoheir Garranah, Maha Khatib, Ammar Mabrouk el-Tayef, Saadallah Agha al-Qalaa and Fadi Abboud -
Oman Oil considers retendering Musandam gas work
South Korea’s low bid of $450m is double the project’s budget -
Q&A: Martijn van de Linde, CEO, Salalah Port Services
Linde outlines plans for Terminal Two and prospects for future container volumes -
Qatar National Bank to discuss tower deal with bidders in 2010
Institution plans to build the tallest structure in Doha -
Real estate is no solution for Sanaa
Targeting high net worth individuals for real estate deals is missing the point entirely -
Saadallah Agha al-Qalaa
A leading figure in the tourism industry in Syria -
Salalah Port Services
Despite the global downturn in container traffic, the Omani port operator is forecasting growth -
Salalah Port Services: MEED Assessment
Salalah’s expansion needs to strike a balance between gauging market demand and adding capacity for the future -
Sanaa to start work on up to $2.3bn of real estate projects
State-backed investment authority plans huge tranche of property schemes -
Shah gas field developers put construction contract on hold
Joint-venture halts bidding on deal to build sulphur-handling facilities -
Special Report: Construction - Industrial schemes prompt hope
Dubai-based real estate developer Nakheel has become the focus of the problems in the emirate’s construction market in recent weeks, as it tries to restructure a $3.5bn sukuk (Islamic bond) before the repayment deadline of 14 December. -
Spreading the financial risk in the region
Dubai’s debt crisis is causing problems for issuers of government-backed bonds across the region -
Sukuk face crisis of confidence
Defaults on project finance sukuk are making both clients and investors wary, but a change to the tenor of Islamic bonds could rekindle their popularity in the future -
Three bidders in the race for power plants in Oman and Pakistan
Sale to conclude by year end -
Tunis to start prequalifying bidders for Cap Bon plant in mid December
Plant to have planned capacity of 1,200MW -
Yemen-Djibouti bridge gets go-ahead
Al-Noor to award build-operate-transfer contract for road and rail link across Red Sea next year
