The Middle East and North Africa (Mena) region saw slight month-on-month fall in the value of project contracts awarded in the first month of 2018.
The $11.3bn of project deals signed in January 2018 represented a 3.2 per cent fall in contract awards compared with the $11.7bn of contracts let in December 2017 despite a greater number of deals being signed.
A total of 88 deals were signed in January, compared with 70 in December.
Click here to access contract awards for January 2018
Iraq: January 2018
Iraq recorded the largest value of contracts signed in January, with $3.7bn of deals let and most of these coming from the oil sector.
The biggest contract award made was the $3bn contract signed by the Oil Ministry with a joint venture of China Power Construction Corporation and the US’ Nerco to build a new refinery and petrochemicals complex in Faw, in an effort to raise the country's fuel production.
January contract awards by country | |
Country | Award ($m) |
Qatar | 80 |
Egypt | 1,025 |
UAE | 3,716 |
Saudi Arabia | 1,225 |
Iraq | 3,740 |
Oman | 380 |
Kuwait | 915 |
Bahrain | 32 |
Jordan | 220 |
UAE awards: January 2018
The UAE awarded the second-biggest value of deals in January, propelled by the signing of $2.5bn of construction contracts.
The largest deal awarded was in the power sector, with the Dubai Municipality signing a $865m contract with a consortium led by Belgium’s Besix and Switzerland’s Hitachi Zosen Innova to develop Dubai’s first waste-to-energy power project under a build, operate and transfer model.
The waste-to-energy project is planned to have a minimum capacity of 2,000 tonnes a day and produce up to 171MW of electricity.
Saudi Arabia awards: January 2018
Saudi Arabia came in third in the value of deals let, with $1.2bn of contract awards, in a repeat of the muted projects activity seen in December 2017, when $1.3bn of deals were signed.
The largest contract let in January was a $300m deal awarded by Saudi Aramco to China Petroleum Pipeline Engineering to enhance the liquefied petroleum gas pipelines and install new ones at the Juaymah natural gas liquids fractionation plant.
Looking back at the values of contract awards in previous Januarys ranging back to 2014, 2018 recorded the smallest value of deals let, with 2014 seeing the biggest value of contracts let – $22.2bn.
Looking forward, Saudi Arabia’s projects market is set to come back to life this year, with new projects expected to move forward as the government increases capital spending.
Contract awards as reported on meedprojects.com | |||
Country Name | Project | Industry | Contract Value ($m) |
Qatar | Ashghal/HMC-HBKMC : District Cooling Plant | Water | 20 |
Egypt | CEPC - West Cairo Steam Power Plant: Mechanical Equipment & Piping Package | Power | 36 |
UAE | Dubai Municipality - Al-Warsan Waste-to-Energy Thermal Recycling Plant | Power | 865 |
UAE | Khamas Group - JVC : Marriott JVC Hotel & Residence Inn (Plot No : JVC17TCP00) | Construction | 80 |
Saudi Arabia | MOT - Secondary Roads in Asir: Group 7 | Transport | 25 |
Saudi Arabia | Private Developer - Diwan Residence Towers (4&5) | Construction | 40 |
UAE | Ithra - Deira Waterfront : Mixed Used Buildings (Plot No - 1113168 ) | Construction | 80 |
Saudi Arabia | SEC - 230/115/69 kV Abqaiq Central Substation (Rfx No. 4000056951) | Power | 80 |
Egypt | MEAHCO /Al Batterjee Holding - Batterjee Medical City : Phase 1 | Construction | 68 |
Saudi Arabia | SPA - OHTL At Dhaba Port | Power | 11 |
Iraq | Ministry of Oil - Faw Refinery and Petrochemical Complex | Oil | 3,000 |
Oman | SV Pittie Sohar Textile - Cotton Yarn Plant | Industrial | 300 |
UAE | Enoc/GRA JV - Auto Village in Ras Al Khaimah | Construction | 40 |
Saudi Arabia | RCJ&Y - Expansion of T-272 in Jubail (Tender No. 092-C51) | Transport | 32 |
Saudi Arabia | RCJ&Y - Schools in Mutrafiah Sector F1 - Phase 1 | Construction | 24 |
Saudi Arabia | University of Hafr Al Batin - Residential Complex (Tender No. 09/38) | Construction | 24 |
Saudi Arabia | Kingdom Holding - JEC : Infrastructure Works | Transport | 165 |
Kuwait | PAHW - South Al Mutlaa City: Infrastructure Network for 4770 Plots (N2 & N3) | Transport | 163 |
Kuwait | MPW - Financial & Administrative Affairs Headquarters (Tender No. 229) | Construction | 162 |
Kuwait | Action Hotels Limited - Novotel Sharq Hotel | Construction | 40 |
Kuwait | KNPC - 9 Fuel Stations | Oil | 48 |
Egypt | Delta Company for Fertilisers & Chemical Industries - Dakahlia Ammonia Plant | Chemical | 500 |
UAE | Continental Investment - Dubai Lifestyle City : Rukan | Construction | 260 |
UAE | Private Developer - Reem Island : Residential Tower (Plot no. RT2-C18) | Construction | 56 |
Kuwait | Al Babtain Group - Nissan Car Showroom | Construction | 12 |
UAE | FEWA -Jazirat Al Marjan, Filya, Azan, and Khor Khwair Substation & Related Works | Power | 60 |
UAE | Bloom Properties - JVC: Bloom Towers (Plot No. JVC10RHRA200) | Construction | 120 |
UAE | Damac Properties - Aykon City : Phase 1: Tower B | Construction | 80 |
Saudi Arabia | Saudi Aramco - Enhanced LPG Piping Network at JNGLF | Gas | 90 |
Saudi Arabia | MOHE - Qassim University : College of Science and Literature in Onaizah | Construction | 24 |
UAE | Nestle Waters - Water Factory in ICAD | Industrial | 22 |
UAE | DSOA - Light Industrial Unit Phase 6 (Plot No.4-003) | Industrial | 22 |
Bahrain | Arabian Gulf University-King Abdullah bin Abdulaziz MedicalCity:Enabling Package | Transport | 22 |
UAE | Al Ansari Real Estate - Business Bay : Al Ansari Tower | Construction | 30 |
UAE | Sigma Art Engineering Consultants - Ajman Clock Tower | Construction | 40 |
UAE | Musanada - 3 Emirati Housing Neighbourhoods : 250 Villas in Al Samha | Construction | 80 |
UAE | Private Developer - JVC : Residential Building (Plot JVC11NHRA001) | Construction | 32 |
UAE | TRANSCO - 220kV GIS for Sweihan Solar PV Power Plant: LOT 1 (Tender No. N-15923) | Power | 15 |
Kuwait | MPW - Northern Regional Road from Abdaly Expressway to Future Crossroads(HT/247) | Transport | 205 |
Egypt | EETC - 500/220/22 KV Sokhna GIS Substation | Power | 40 |
UAE | MOBH - IMPZ : Radisson Blu Hotel (Plot No : MS 001) | Construction | 60 |
Qatar | ASHGHAL - RIW in Various Areas of Greater Doha Phase 5 (PWA/GTC/039/2017) | Transport | 25 |
UAE | Private Developer - Nad Al Hammar Gardens : Residential Building (Plot 416-8149) | Construction | 28 |
UAE | Private Develop - JVC : Residential Building (Plot JVC11MOHR003A) | Construction | 24 |
Egypt | Egypt Ministry of Defense - Cairo to Sharm El Sheikh Highway | Transport | 198 |
UAE | Sheikh Zayed Housing Programme - Bateen Al Samar : Phase 2 (Group B) | Construction | 103 |
UAE | Private developer - Residential Building (Plot no : JVC11CCMRH013) | Construction | 18 |
Saudi Arabia | RCJ&Y - Infrastructure Works For Haii Al Nawa Camp 3 - Phase 2 | Transport | 24 |
Saudi Arabia | RCJ&Y - Potable Water Pump Station in Mardhuma (570-C36R) | Water | 16 |
Saudi Arabia | RCJ&Y - Catering, Auditorium & Recreation Facilities (Tender No. 097-C76R) | Construction | 101 |
UAE | Ithra - Deira Waterfront : Mixed Used Buildings (Plot No - 1114726 ) | Construction | 80 |
UAE | Ajman Holding - Mirkaaz Mall | Construction | 136 |
UAE | DWTC - Expo 2020 Development - Podiums & Tower Blocks on Parcels 10 & 11 | Construction | 169 |
Jordan | BSEC - Baynouna Solar Energy Plant (200MW) | Power | 220 |
Iraq | GCPI - Khor Al Zubair Port Rehabilitation | Transport | 90 |
Egypt | Emaar Misr For Development - Marassi Beach Resort: Development of Marina | Transport | 45 |
Iraq | Petronas/Japex/SOC - Garraf Oil Field Development: Central Processing Facility | Oil | 480 |
Saudi Arabia | Saudi Aramco : Installation of 13 Jackets | Oil | 250 |
UAE | Expo 2020 Bureau - Expo 2020 Development: Hammerhead Access Road | Transport | 82 |
Egypt | Ministry of Investment - Tourism project in Abu Marqeq | Construction | 40 |
Iraq | UNDP - Rehabilitation Works of Baiji Central WTP | Water | 40 |
UAE | Reportage Real Estate - Al Raha Beach: Residential Building (Plot No: 504) | Construction | 10 |
UAE | DEWA - 132/11kV Substation & Associated Works (Section - B) | Power | 24 |
UAE | Private Developer - JVC : Residential building (Plot No: JVC10LMRP200) | Construction | 20 |
UAE | Adnoc Refining - Mussafah Terminal Firefighting Facilities | Industrial | 29 |
Qatar | ASHGHAL - RIW in South of Greater Doha: Zone 90-95 (Phase 5) | Transport | 35 |
Saudi Arabia | Saudi Ports Authority- 132/13.8KV Substation At Dhiba Port | Power | 19 |
Kuwait | PAHW - South Al Mutlaa City: Infrastructure Network for 4999 Plots (N1 & N4) | Transport | 165 |
UAE | Ali Mousa & Sons Holding - Shopping Center in Um Tarafa | Construction | 11 |
Oman | Ministry of Sports Affairs - Sports Complex in Ibra (20/2015) | Construction | 40 |
UAE | DWTC - Expo 2020 Development - Podiums & Tower Blocks on Parcels 8 and 9 | Construction | 177 |
UAE | Emaar - Opera District : The Address Residences Dubai Opera | Construction | 180 |
UAE | Line Investments & Property - Dubai Silicon Oasis : Avenues Mall | Construction | 204 |
UAE | Emaar - Dubai Creek Harbour : Creek Gate | Construction | 80 |
UAE | Expo 2020 Bureau - Expo 2020 Development: Al Wasl Plaza : Main Works | Construction | 100 |
UAE | MOBH - Dubai South : Hilton Dubai Hotel | Construction | 120 |
Kuwait | KNPC - Debottlenecking of Coker Unit (U-20) : MAB | Oil | 120 |
UAE | Transco - 400 kV Switching Station At Al Dhafrah And Associated Works | Power | 80 |
Oman | Oman Ministry of Defence - New Military Camp at Sohar (Package 1) (5/2017) | Transport | 40 |
Iraq | CNOOC/IDC/TPAO - Maysan Oil Fields : 54 Wellpads (The Fifth Batch) | Oil | 130 |
UAE | Al Ghurair Properties - Mixed Use Development (Plot No.316-4028) at Al Raffa | Construction | 11 |
Bahrain | Amlak - Burj Al Saya (Permit no. BP/52/245013/MULTI/062017) | Construction | 10 |
Egypt | Emaar Misr For Development -Marassi Beach Resort: Marassi Chalet Phase I | Construction | 68 |
UAE | Tiger Properties - Jumeirah Village Circle: O2 Tower | Construction | 50 |
UAE | Al Ghurair Investment - Dar Al Marefa School in Al Khawaneej First | Construction | 14 |
Saudi Arabia | Saudi Aramco - AH Transportation in East West Corridor : Pipeline Package 1 | Oil | 300 |
Egypt | Egypt Ministry of Youth and Sports - Renovation of Cairo Stadium | Construction | 30 |
UAE | Emaar - Expo 2020 Development: Sustainability Pavilion | Construction | 24 |
Total | The full value for 88 projects across the Mena region | 11,333 | |
Data from meedprojects.com as of 12 February 2018; na=Not available. For more information, visit MEED Projects http://www.meedprojects.com/home |
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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