The Gulf Projects Index saw little change in the week ending 7 October, as businesses closed their doors for the Eid al-Adha holiday.
The only country to see significant movement was Oman, which clocked an expansion of 0.5 per cent in its projects market.
The growth comes after an announcement from the UAEs Ghantoot Group, which said it is planning to invest in a $700m fertiliser plant in the Port of Duqm in central Oman. The scope of work includes a bio-fertiliser facility with captive-power and carbon-capture technology that can contribute to the agriculture sector and enhanced oil recovery techniques in the energy sector.
|Project name||Project status|
|Oman||Duqm biofertiliser plant||Study|
|Qatar||Al-Karaana petrochemicals complex: package two||Main contract bid|
|Qatar||Al-Rayyan stadium expansion||Design|
|UAE||Dubai Design District||Execution|
|UAE||Etihad Railway: phase two||Main contract bid|
|For further information visit www.meed.com/meedprojects|
The Gulf region as a whole remained flat, staying level on about $3,328bn. However, although the index saw little change, several new projects have been announced that are likely to precede a surge in activity.
In Kuwait, Petrochemical Industries Company has revived plans for Olefins 3, a multibillion-dollar petrochemicals plant in the Al-Zour area. The scheme has an estimated budget of $5bn-$10bn.
|Upcoming tender deadlines|
|Oman||Oman Power & Water Procurement Company||Salalah 2||Oct-14|
|Saudi Arabia||Saudi Aramco||11 stadiums||Oct-14|
|UAE||Nakheel||Palm Hotel tower||Nov-14|
|Kuwait||Kuwait National Petroleum Company||New Refinery Project||Nov-14|
|UAE||Dubai Electricity & Water Authority||Hassyan power plant||26-Jan|
|For further information visit www.meed.com/tenders|
Kuwait also invited major oil companies to bid on a project to develop the Ratqa heavy oil field. The UKs BP, Frances Total, UK/Dutch Shell and the US ExxonMobil and Chevron have all been asked to put in offers
Meanwhile, Omans Public Authority for Electricity & Water (PAEW) has invited bids for the deal to build a water distribution network for the wilayat of Bidbid.
The project is one of several the sultanate is developing as part of plans to expand and upgrade its water transmission infrastructure. Earlier in 2014, PAEW announced it is planning to spend about RO580m ($1.5bn) on new water supply schemes over the next five years.
$5bn-$10bn Estimated budget for the Olefins 3 project in Kuwait
$700m Value of the planned Ghantoot fertiliser plant in Oman
$1.5bn Budget for public water supply projects in Oman over the next five years
For further information visit www.meed.com/contracts