With $6.7bn of contracts signed, April marked the lowest point in monthly awards activity in the Middle East since June 2017. April also recorded the lowest monthly value of deals signed in 2018, with previous months all posting awards activity above $10bn.
April contract awards by country | |
Country | Award ($m) |
UAE | 2,764 |
Saudi Arabia | 2,142 |
Oman | 509 |
Qatar | 476 |
Iraq | 300 |
Bahrain | 170 |
Jordan | 90 |
Iran | 85 |
Egypt | 84 |
Kuwait | 40 |
Lebanon | 15 |
The UAE continued to lead contract awards activity in the region, with $2.8bn of deals signed. The largest was the $533m contract awarded by the local Aldar Properties to the local Trojan General Contracting for the Water’s Edge development on Yas Island. The Water’s Edge scheme comprises 13 residential apartment buildings to be built near the proposed Sea World theme park. The construction sector led awards activity in the country, with 30 deals signed worth a total of $2.3bn.
Click here to download the Middle East contract awards for April 2018
Saudi Arabia awarded the second-largest value of deals, with $2.1bn of contracts inked. This is the largest monthly value of awards in the kingdom in 2018, with only $540m of contracts signed in March. The largest deals signed in April came from the water sector, with a $570m contract awarded by state-owned Saline Water Conversion Corporation (SWCC) to Turkey’s Limak Holding for the construction of a water transmission system at Jubail, and a $500m deal signed between SWCC and the local Al-Rashid Trading & Contracting for the construction of a water transmission system at Shuqaiq.
Looking forward, Dubai’s Expo 2020 will continue to drive contract awards activity, with large investments predicted to be pumped into the self-build pavilions that will be constructed by countries taking part in the Expo. More than 170 nations have announced their participation at the event, with the list predicted to grow. Various announcements from different countries suggest most pavilions will require considerable investment, with cost estimates ranging from $20m-$50m per pavilion, depending on the structure’s size, interior design and architectural features.
Contract awards as reported on meedprojects.com | |||
Country Name | Project | Industry | Contract Value ($m) |
Qatar | ASHGHAL- LRDP:Doha South:Rds & Infra South Wukair Government Residential (P02) | Transport | 82 |
Qatar | ASHGHAL - LRDP - Doha South: Roads and Infrastructure in South Wukair (P01) | Transport | 140 |
UAE | Nakheel - Nad Al Sheba Mall (Tender on DMS 145947) | Construction | 162 |
Lebanon | CDR - West Bekaa Wastewater Project - Phase 2 - Section 2 - Part 3 - Group 2 | Water | 15 |
UAE | Dubai Properties: Dubailand - Mudon Views | Construction | 40 |
Saudi Arabia | SWCC - Water Transmission System for Shuqaiq (Phase 3): Package C | Water | 500 |
Jordan | Mass Global - 100 MW Wind Farm | Power | 90 |
Kuwait | KOC - Office for Oil & Vital Protection Department on South Ratqa (2030118) | Construction | 40 |
UAE | Shurooq / Eagle Hills JV - Kalba Waterfront Mall | Construction | 36 |
UAE | API Investment - Meydan: Residential Building (Plot No. 6189097) | Construction | 7 |
UAE | Adnoc Offshore - Dalma Field : Installation of 4 Jackets | Oil | 100 |
UAE | CICPA - CICPA Facilities at Habshan Phase 1 & 2 | Construction | 47 |
Bahrain | BAFCO - Bahrain Agricultural Foods Storage and Security Factory in Hidd | Industrial | 30 |
Saudi Arabia | SWCC - Water Transmission System of Al Jubail - Al Riyadh (Phase 3): Package C | Water | 570 |
UAE | Jumeirah Golf Estates - Al Andalus : Residential Buildings Phase 2 | Construction | 100 |
UAE | Sharjah Ports & Customs Authority - Khalid Port Expansion | Transport | 80 |
Saudi Arabia | MEWA - Expansion of Sewage network in Sakaka city Phase 7 ( 2200000309 ) | Transport | 21 |
UAE | JAFZA - Labour Accommodation Phase 3 in Jebel Ali | Construction | 200 |
Saudi Arabia | Medina Municipality -Tunnel At Saad Ibn Khaithama & Prince Abdul Majeed Road | Transport | 80 |
Saudi Arabia | MOHE - King Abdulaziz University : Sports Activities Building in Jeddah | Construction | 25 |
UAE | Private Developer - Residential Building on Zayed 1st Street(Plot No : C16) | Construction | 24 |
UAE | Private Developer - IMPZ : Residential Building ( Plot no IMPZ.E.02) | Construction | 14 |
Saudi Arabia | Saudi Aramco - Hasbah & Arabiyah : Gas Production Deck Modules (PDMs) | Gas | 100 |
UAE | Aldar - Yas Island : Water’s Edge | Construction | 533 |
Bahrain | Naseej - Dilmunia Island: Canal View | Construction | 50 |
UAE | Jumeirah Hotels & Resorts - Refurbishment of Al Qasr Hotel: Phase 2 | Construction | 20 |
UAE | Wasl - Aloft & Element Hotel at Al Raffa (Plot No.3160553) | Construction | 56 |
UAE | Union Properties - Motor City: Zawaya | Construction | 80 |
Saudi Arabia | SWCC - Water Transmission System for Shuqaiq (Phase 3): Package B1 & B2 | Water | 357 |
UAE | ADNOC - Central Park and Villas Community Facilities at Ruwais City | Construction | 20 |
UAE | Dubai Municipality - Jebel Ali Industrial Sewerage and Drainage System (DS188) | Transport | 118 |
Iran | Sazeh Sazan - SAKO Power & Desalination Plant : Phase II | Water | 85 |
UAE | Private Developers - JVC : Residential Building (Plot No JVC11AMRH009) | Construction | 14 |
UAE | Tiger Group - JVC : The Square | Construction | 26 |
UAE | Dubai Parks & Resorts - Dubai Theme Park : Six Flags | Construction | 120 |
Iraq | PetroChina/SOC/Petronas/Total-HPSF: Field Surface Facilities (FSF) For CPF 3 | Oil | 100 |
UAE | Ellington Group - Mohammed Bin Rashid City : Wilton Terraces | Construction | 40 |
Bahrain | Amazon Web Services - Data Centres in Bahrain | Construction | 30 |
Saudi Arabia | Saudi Aramco - Wasit Gas Plant | Gas | 100 |
Iraq | Petronas - Heavy Oil Transportation System 2 (HOT2) | Oil | 200 |
Qatar | UDC - Pearl Qatar: Gewan Island (Dredging & Reclamation) | Construction | 30 |
Bahrain | Eskan Bank - Danat Al Baraka | Construction | 36 |
UAE | Azizi Investments - Dubai Healthcare City: Fawad & Jawad Towers | Construction | 120 |
UAE | ADDC -Recycled Water Main line from Yas Island to Sadiyaat Island | Water | 22 |
UAE | Private Developer - Liwan : Residential Building (Plot no. 6437743) | Construction | 35 |
Qatar | ASHGHAL - Al Rayyan Stadium Support Works (Roads Surrounding Al Rayyan Stadium) | Transport | 60 |
UAE | Tanmiyat - Sinbad Tower (Plot No: 6457566) | Construction | 30 |
Oman | PAEW - Water Transmission System from Sohar to Al Dhahirah | Water | 412 |
Saudi Arabia | MOHE - King Faisal University : Community College in Abqaiq | Construction | 14 |
UAE | Meydan - Meydan City : Meydan Horizon (Infrastructure Package) | Transport | 24 |
Bahrain | International Trading & Investment - Water Garden City: Marriott Residence Inn | Construction | 24 |
Saudi Arabia | SWCC- WTS of Al Jubail - Al Riyadh (Phase 3): Package B1 & B2 | Water | 335 |
Egypt | MHUUD - El - Mahsama Water Treatment Plant | Water | 84 |
Qatar | ASHGHAL - LRDP: Roads & Infra South Wukair Government Residential (P04) | Transport | 82 |
UAE | Etjar - Warehouse and Cold Storage Facility in Jebel Ali (Plot No 5991039) | Industrial | 12 |
UAE | Wahat Al Zaweya Real Estate - Wahat Al Zaweya: Al Maria Mall | Construction | 38 |
UAE | American University Of Sharjah - Headquarter Building | Construction | 38 |
UAE | Mohammad Al Ruqait - Al Marjan Island : Hampton By Hilton | Construction | 108 |
Qatar | ASHGHAL - LRDP - Doha South: Roads and Infrastructure in South Wukair (P03) | Transport | 82 |
UAE | ADM - Al Khalidiyah : Sheikha Fatima Bin Mubarak Park | Construction | 21 |
Oman | OETC - 132/33 kV Yanqul GS & 33kV Interlinking Works at Ibri Grid Station | Power | 60 |
Oman | MEIC/MHDI/HBSGAL/AHH JV - Copper Tube Mill | Industrial | 37 |
UAE | Al Futtaim Group - Wasl Gate : Phase 1: Big Box Mall | Construction | 200 |
UAE | DEWA - 132/11kV Substation & Associated Works in Qusais Industrial (Section - P) | Power | 25 |
UAE | Azizi Developments - Dubai Sports City: Azizi Grand | Construction | 45 |
UAE | DAEP - Dubai International Airport - Arrivals Remote Coaching Facilities | Transport | 43 |
UAE | Wasl - Aloft Hotel & Element Serviced Apartments at Dubai International Airport | Construction | 70 |
UAE | Al Shirawi Group - Jumeirah Village Triangle : Arcadia House | Construction | 16 |
UAE | Sharjah Cement - Dubai Sports City : Residential Building (Plot no 6820131) | Construction | 30 |
UAE | Nshama - Town Square: UNA Apartments | Construction | 50 |
Saudi Arabia | Methak Holding - Al Rawdah Commercial Center | Construction | 40 |
Total | The full value for 71 projects across the Mena region | 6,675 | |
Data from meedprojects.com as of 10 May 2018; na=Not available. For more information, visit MEED Projects |
For more up-to-date information on the region’s largest projects, go to MEED Projects, which tracks trillions of dollars-worth of schemes. MEED Projects is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. It monitors industry and business development opportunities through market data tailored to your needs. Be the first to know about new projects; we provide the data so you can win the business. If you would like to see a demo of MEED Projects, or just want to find out more, register your details online or call +971 (0)4 818 0200. |
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