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 UAE’s 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 updates
  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
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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
  Client Contract Submission date
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
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Kuwait also invited major oil companies to bid on a project to develop the Ratqa heavy oil field. The UK’s BP, France’s Total, UK/Dutch Shell and the US’ ExxonMobil and Chevron have all been asked to put in offers

Meanwhile, Oman’s 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.

In numbers

$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

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