A total of 70 contracts were let in January, with a value of about $16.8bn, according to regional projects tracker MEED Projects. Several agreements were also signed across the region, suggesting more awards will follow.

The biggest awards by sector were made in construction, with more than $6.8bn-worth of deals, followed by power. The biggest individual contract awarded was for the Dairut independent power project (IPP) in Egypt, valued at $2bn. By value, the UAE construction industry took the largest share, followed by Oman’s power sector.

In Egypt, more than 21 deals were signed between Egypt’s President Abdul Fattah al-Sisi and China’s President Xi Jinping.

Meanwhile, Algeria’s contract award for a trans-shipment port is unusually large for the country, and the agreements with the Asian contractors will enhance the movement of goods and increase the country’s assets.

Chinese contractors win Algeria port project

  • China’s Shanghai Ports Group will be managing the planned trans-shipment port
  • Port to feature 23 docks capable of processing 6.5 million 20-foot containers and 26 million tonnes of goods a year
  • Contract is valued at an estimated $3.3bn
  • The project has a seven-year construction timeline, with initial services to commence within four years

Algeria’s Transport Ministry has signed a contract worth an estimated $3.3bn with two Chinese contracting firms for the design-and-build of a major trans-shipment port located between the cities of Cherchell in Tipaza and Tnens in Chlef.

The port is envisaged to feature 23 docks capable of processing 6.5 million 20-foot contrainers and 26 million tonnes of goods a year.

The Transport Ministry expects annual port traffic in Algeria’s central region to peak to 35 million tonnes or 2 million 20-foot equivalent units (TEUs) by 2050.

Joint venture wins Bahrain airport construction deal

A joint venture of Dubai-based Arabtec Construction and Turkey’s TAV has been awarded the contract to build a new terminal building as part of the $1.1bn expansion of Bahrain International airport.

Contractors have also been appointed for specialist systems. They are China International Marine Containers for the passenger air bridges; Venderlande of the Netherlands for the baggage-handling system; US-based L3 Communications for the security screening equipment; and Finland’s Kone for the moving walkways, escalators and elevators.

A contract was also awarded to France’s SETEC for the design of a maintenance, repair and overhaul (MRO) facility.

Once completed, the expansion will increase the airport’s capacity to 14 million passengers a year.

GE wins Iraq power contracts

  • Deal is worth $328.8m
  • GE will install power equipment under fast-track programme
  • US firm will install equipment at 10 sites around the country

The total value of the contracts signed was more than $1bn, with financing already in place for the first stage of projects, which are worth $328.8m. The projects will add an additional 700MW capacity to the grid, to boost electricity capacity in Iraq.

In August 2015, Iraq’s Electricity Minister Qassem al-Fahdawi said peak demand in the summer had reached 21,000MW while peak output was only 13,400MW.

Read previous contract awards