Middle East contracts awarded: August 2017

06 September 2017

Oman boosts value of deals let in the region

Contract awards spiked in the Middle East during August thanks to a busy month for Oman. The sultanate awarded a $5.9bn of deals, mostly related to the much-anticipated Duqm refinery project. This took the total value of contract awards in August to $15bn, nearly double the $7.9bn seen in July.

August contract awards by country
CountryAward ($m)
Bahrain270
Egypt1,818
Iran1,878
Iraq30
Jordan30
Kuwait886
Lebanon580
Oman5,850
Qatar415
Saudi Arabia425
UAE2852

Oman’s Duqm Refinery & Petrochemical Industries Corporation awarded the three main engineering, procurement and construction contracts for its 230,000 barrel-a-day (b/d) Duqm refinery, the largest single-phase project undertaken in the sultanate. Together the awards totalled $5.7bn, making Oman the most active market in August.

In contrast to Oman, Saudi Arabia, Kuwait and Qatar recorded a drop in the value of deals let in August compared with the previous month. The kingdom signed $425m of contracts, down from $1.5bn in July. Kuwait inked $886m of deals, compared with $1.3bn the month before, while Qatar signed $415m of contracts in August, compared with $896m in July.

The UAE market stayed flat, with $2.9bn of deals in August, similar to the value awarded in July.

Outside the GCC, Egypt and Iran contributed to the spike in the value of contracts let in August, with Egypt signing $1.8bn of deals and Iran $1.9bn. The largest contract inked in Egypt was the $1.2bn deal awarded to a consortium of Chinese firms to build a light rail transit in 10th of Ramadan City. The biggest deal in Iran, and the only one awarded in the country in August, was the $1.9bn contract given to a team of South Korea’s SK Engineering & Construction and Iran’s Oil Design Construction Company to upgrade the 110,000-b/d Tabriz refinery in northern Iran.

Looking ahead, the Qatar crisis seems set to continue for the indefinite future; UK consultancy Mace says Qatar’s construction sector has yet to feel the full impact of the blockade.

Data from regional projects tracker MEED Projects indicates there are $45.8bn of projects in the region at the main contract bid stage, with another $808bn under study.

Contract awards as reported on www.meed.com
CountryProjectContractorClientEstimated value ($m)
UAEConstruction of 1,296 villas at the Al-Yufrah 2 area at the Akoya Oxygen project in DubaiArabtec ConstructionDamac Properties171
UAEConstruction of interchanges serving the Expo 2020 site in Dubai: package 2China State Construction Engineering CorporationRoads & Transport Authority165
UAEConstruction of interchanges serving the Expo 2020 site in Dubai: package 3Al-Naboodah Contracting CompanyRoads & Transport Authority163
UAEConstruction of interchanges serving the Expo 2020 site in Dubai: package 4Wade Adams ContractingRoads & Transport Authority172
IraqSupply and install a substation at the 3,000MW Rumaila power plant in Iraq’s Basra regionABBShamara Holding Group30
OmanDevelop oil processing facilities at the Duqm refineryDaewoo and Tecnicas ReunidasDuqm Refinery and Petrochemical Industries Corporationna
OmanConstruct facilities, utilities tankage and buildings at the Duqm refineryPetrofac and Samsung EngineeringDuqm Refinery and Petrochemical Industries Corporation2,000
OmanBuild eight storage tanks in Ras Markaz and a product export terminal and an 80km interconnecting pipeline to DuqmSaipemDuqm Refinery and Petrochemical Industries Corporationna
UAEWork on a $98.8m mall development in the Dubai South areaArabtec HoldingJoint venture of Emaar Properties and Dubai World Trade Centrena
EgyptDevelop, finance, build, own and operate three photovoltaic solar facilities with a total capacity of 165.5MWAcwa PowerEgyptian Electricity Transmission Companyna
IranUpgrade the 110,000 barrel-a-day Tabriz refinery in northern IranSK Engineering & ConstructionProjects Link Contracting Company1,600
UAEConstruct an 11-storey building that will include 287 residential units at the Marassi Shores ResidencesDadabhai ConstructionEagle Hillsna
UAEMechanical, engineering and plumbing works for the Fairmont Abu Dhabi Hotel and Serviced Apartments project in Abu DhabiDrake & Scull InternationalNational Investments Corporation63.4
EgyptBuild a light railway transit (LRT) in 10th of Ramadan CityMain contractors: AVIC International and China Railway GroupNational Authority for Tunnels1,240
EgyptWork on 300 housing units at the Hyde Park New Cairo residential project Including Hassan Allam Construction, Misr Engineering Development Company (MEDCOM), Modern Construction Company (MCC), Hirmas, and Concrete Plus for Engineering and ConstructionHyde Park Properties for Development Company90
OmanProvide and install the components for the planned 50MW wind project in the Dhofar governorateConsortium of GE and TSKAbu Dhabi Future Energy Company (Masdar)na
UAEMarine works and the construction of a new quay wall as well as a service harbour building at Fujairah portOverseas ASTAbu Dhabi Portsna
UAEBuild the first phase of the Wasl1 development, including four residential towers made up of 746 freehold unitsKele ContractingWasl Asset Managementna
QatarDredging and construction work on the redevelopment of the Old Doha PortJoint venture of DEME and Jan de NulTransport & Communication Ministry119

Contract awards as reported on meedprojects.com
Country ProjectIndustryContract value ($m)
UAEDubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/4)Transport172
QatarASHGHAL - East Industrial Road Between Al Muntazah Street and West CorridorTransport200
UAEDIFC - Temporary Roads and CarparkingTransport10
UAEAl Zahia - Al Lilac DevelopmentConstruction180
KuwaitNational Guard - Multistory Car Park at Al Tahreer CampTransport18
Saudi ArabiaNWC - South Dhahran Sewage Treatment PlantWater71
BahrainDiyar Al Muharraq / Eagle Hills - Marassi Shore ResidencesConstruction270
UAEBorouge - Polyethylene Unit PE-3 Revamp Project (PO/000637)Chemical120
QatarQatar Ministry Of Transport - Marine Public Transport Ferry TerminalTransport119
UAEPrivate Developer - Mirdif : Shopping Mall (Plot No. 2514369)Construction10
IranTabriz Oil Refining Co - Tabriz Refinery UpgradeOil1,878
UAEDamac Properties - Akoya Oxygen: 1296 VillasConstruction171
UAEPrivate Developer - The Villages : Residential Building (Plot RB-32)Construction12
EgyptEETC - 500/220 kV Substation at Abu El MatamirPower80
EgyptNAT - Light Rail Transit : LRT Line (66 kms)Transport1,240
OmanRAECO / Masdar - Harweel Wind FarmPower100
UAEMeydan - Jumeirah Beach Residence : Corinthia?at Meydan BeachConstruction160
UAENakheel Corporation - Deira Island: Sewage Treatment Plant (DMS 145569)Water24
EgyptEETC - 220 KV Al Narges SubstationPower18
EgyptEETC - North Hurgada Substation & El Qusair OHTL InterconnectionPower43
UAEDWTC / Emaar Properties - Project Star : Phase 1Construction98
UAEEmaar Properties - Dubai Creek Harbour: District Cooling Plant - DCP 02Water40
UAEARADA - Nasma Residences : Phase 1Construction40
Saudi ArabiaSaudi Arabia Ministry of Defense & Aviation - Rehabilitation of JettiesTransport101
UAEAl Qudra Holding - Commercial and Residential Towers (Plot No C31-C32)Construction40
OmanDaleel Petroleum Company - Well Hookups and Flowlines in Daleel FieldOil80
OmanDuqm Refinery - Duqm Refinery: Offsite Facilities (EPC 3)Oil900
QatarPrivate Developer : Energy City - Office Building On ECQ Plot C10 LusailConstruction15
UAEDMW - Al-Dhafra Air Base (MW-AF-128 & 129)Transport180
UAEGulf Paradise Real Estate - Saadiyat Island : Mixed Use Development (Plot no.C2)Construction30
QatarQatar University - New Student Affairs BuildingConstruction70
UAEICD - One ZaabeelConstruction800
EgyptAPA - Multi-Storey GarageTransport16
Saudi ArabiaAFMS - Expansion of Prince Sultan Bin Abdulaziz Armed Forces HospitalConstruction43
UAEHorizon Terminals- Jebel Ali Jet Fuel Pipeline: Package 3Oil50
UAENakheel - 132/11kV Seif Deira SubstationPower25
UAEDubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/3)Transport163
OmanDuqm Refinery - Duqm Refinery: Offsite & Utilities (EPC 2)Oil2,000
OmanOman Charitable Organization - Financial Building at Al Seeb (Phase 6)Construction20
JordanWAJ - Extension of Waleh DamWater30
EgyptEETC - Solar PV Plant (3) in BenbanPower152
UAEPrivate Developer - JVC : Residential Building (Plot No: JVC10SMRP200)Construction10
UAEFujairah Port - Service Harbour Marine Works and BuildingsTransport100
KuwaitKuwait Awqaf Public Foundation - Seera Complex (1/2015-2016)Construction88
Saudi ArabiaArmed Forces Medical Services - Rehabilitation of Arm Forces HospitalConstruction25
EgyptEETC - Over Head Transmission Lines (500KV)Power80
KuwaitKAPP / Kuwait Municipality - Kabd Municipal Solid Waste ProjectPower780
OmanDuqm Refinery - Duqm Refinery: Process Unit (EPC 1)Oil2,750
EgyptEETC - 500/220 kV Substation at SamanoudPower80
UAENakheel - Diera Islands : 132kV South Deira Island A SubstationPower25
UAEPrivate Developer - Khalidia Palace Hotel at Al Muraqqabat (Plot No. 1240578)Construction56
Saudi ArabiaSEC - 380/110/13.8kV Jeddah University BSP (Rfx no:4000055645)Power70
IraqShamara Group - Rumaila Power Plant : 400kV Air Insulated Switchgear SubstationPower30
UAEEshraq Properties - Al Reem Island : Marina Rise TowerConstruction39
EgyptCEPC - Upgradation of Cairo North Combined Cycle Power Station : Module IPower109
UAELulu Group - Y TowerConstruction55
Saudi ArabiaNWC -Water Transmission Lines for Waad Al Shamal Development Project-Lot 4Water80
Saudi ArabiaNamariq Arabian Services Co. Ltd - Yanbu Industrial City : Namariq RCY ResidencyConstruction35
UAEMOID - Al Muntazi Residential Complex : 247 VillasConstruction74
UAEDubai RTA - Improvement of Al Awir Road & International City Accesses (R1005/2)Transport52
LebanonCDR - Bisri DamWater580
UAEAl Garhoud Real Estate Company - Hotel Building (Plot Number : 3460762)Construction116
QatarPrivate Developer - Villas Compound (27 Villas)Construction11
TotalThe full value for 63 projects across the Mena region15,034
Data from meedprojects.com as of 4 September For more information, visit MEED Projects http://www.meedprojects.com/home

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