GCC states record significant increases in value of deals signed
The combined value of main contract awards in the Middle East totalled $7.9bn in July, more than double the $3.2bn let in June. The Qatar dispute, it seems, is not denting project award activity. A total of 71 contracts were signed in July, compared with 34 in June.
All the GCC states except Bahrain recorded increases in the value of deals signed, with Qatar inking $896m of deals in July, up from $221m in June, Saudi Arabia $1.5bn, compared with $638m the previous month, and the UAE out in front with $2.9bn, against $664m in June.
July contract awards by country | |
---|---|
Country | Award ($m) |
Bahrain | 51 |
Egypt | 113 |
Iraq | 900 |
Kuwait | 1,330 |
Oman | 152 |
Qatar | 896 |
Saudi Arabia | 1,541 |
UAE | 2,897 |
The UAEs largest deal was the $230m contract awarded by a joint venture of the local Estithmaar Realty and the US Ian Schrager Company to Dubai Contracting Company to build the Edition Beachfront hotel in the Jumeirah Beach Residence area of Dubai.
Saudi Arabias biggest was the $800m contract awarded to a team of Greeces Archirodon and the local Huta Marine by a joint venture of Saudi Aramco, National Shipping Company of Saudi Arabia, South Koreas Hyundai Heavy Industries and UK-headquartered Lamprell to construct a ship repair and building complex at Ras al-Khair.
The single largest contract award in July was in Kuwait: the $850m deal let by Kuwait Oil Company to Italys Saipem to construct a series of pipelines to supply oil and gas feedstock for the $17bn New Refinery Project.
Blockaded Qatar awarded eight contracts in July, the largest being the $438m deal let by the New Port Project Steering Committee to the local Al-Jaber Engineering for the design and construction of food facilities at Hamad Port. More than half of the countrys food imports are estimated to pass through its land border with Saudi Arabia, which was closed on 5 June.
Outside the GCC, Iraq signed deals worth $400m and $500m, for a project to reduce gas flaring at the Nasiriyah and Gharraf fields and the construction of a US Consulate building in the Kurdistan region respectively.
Looking forward, contract award activity is forecast to pick up, with both Dubai and Saudi Arabia moving ahead with construction projects.
Contract awards as reported on meedprojects.com | |||
---|---|---|---|
Country | Project | Industry | Contract value ($m) |
Saudi Arabia | Saudi Aramco - Installation of 9 Jackets | Oil | 150 |
Qatar | Manateq - QEZ1: Construction Of The Gateway | Construction | 150 |
Iraq | US Department of State - US Consulate Building in Erbil | Construction | 500 |
UAE | Kleindienst Group - The World: Heart of Europe : The Cote DAzur Hotel | Construction | 180 |
Oman | OGC - Ad Duqm Gas Supply Station | Gas | 72 |
Qatar | NPP- New Port:Specialist Storage Facilities for Rice, Sugar & Edible Oil(Phase1) | Industrial | 438 |
Qatar | Barwa Real Estate - Barwa Al Baraha: Warehouse and Workshops | Industrial | 38 |
Egypt | EETC - 66/11kV Tami Elamdid Substation | Power | 15 |
UAE | Dubai Municipality - Labour Court at Al Rowaiyah Third | Construction | 30 |
Egypt | Arkan Developers - Business Plus | Construction | 26 |
UAE | SEWA - Seawater Reverse Osmosis Desalination Plant | Water | 13 |
UAE | DEWA-132/11kV Replacement of Existing Substations at MANK,GARH,GHSS | Power | 35 |
Kuwait | KOC- Train 3 of Wara Pressure Maintenance Project (Tender: RFP-2041398) | Oil | 187 |
UAE | ADDC - Replacement of Abu Dhabi Water Network - Sectors E9_02, E10, E13 &W 14_02 | Water | 25 |
Qatar | Ismail Bin Ali Group - QEZ1: Ras Bufontas Worker Accommodation Facility | Construction | 140 |
UAE | Dubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/1) | Transport | 205 |
Qatar | Bab Ishtar Group - QEZ1: Business Hotel | Construction | 40 |
UAE | First Group - Jumeirah Village Triangle : Millennium Place JVT | Construction | 40 |
Kuwait | National Guard - Marina Project at National Guards Officers Club | Construction | 64 |
Kuwait | KOC - New Refinery Project: Feed Pipeline | Oil | 850 |
UAE | Estithmaar / Ian Schrager - JBR : Edition Hotel (Plot No:3920529) | Construction | 230 |
Saudi Arabia | Mouwasat Medical Services - Mouwasat Hospital In Dammam | Construction | 40 |
UAE | Kerzner Group - Palm Jumeirah: Atlantis Hotel Renovation | Construction | 80 |
Egypt | SSCO - Industrial Drainage Station | Water | 13 |
UAE | Select Group - The Residences at Marina Gate 3 | Construction | 163 |
UAE | Dubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/5) | Transport | 81 |
UAE | MOPA - 323 Villas at Seyouh | Construction | 30 |
UAE | Dubai Holding / Emaar Properties - Dubai Creek Harbour : Creekside 18 | Construction | 140 |
UAE | Empower - Mirdif District Cooling Plant | Water | 20 |
UAE | Kleindienst Group - The World : Heart of Europe: Portofino Hotel | Construction | 80 |
UAE | MOPA - Extension of Sheikh Khalifa Road E84 : Phase I | Transport | 88 |
Bahrain | Bahrain Ministry of Housing - Prince Charles City Development at Askar | Transport | 11 |
UAE | ADDC - Replacement of Abu Dhabi Water Network- Sectors W40, W41, W36, W34 & W35 | Water | 45 |
UAE | Dubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/2) | Transport | 165 |
Iraq | Ministry of Oil - Nasiriyah and Gharraf Gas Field Development | Gas | 400 |
Qatar | Qatar University - College of Law (97/2014/2015) | Construction | 25 |
UAE | Nakheel - Ibn Battuta Mall Expansion - E5 (DMS No.145435) | Construction | 60 |
UAE | Private Developer - International City : Residential Building (IC3-60.16) | Construction | 20 |
Bahrain | Armada Group Bahrain Logistics Center | Industrial | 40 |
UAE | Almulla Group - Aviation City: Holiday Inn | Construction | 80 |
UAE | Almulla Group - Aviation City: Staybridge Suites Hotel | Construction | 80 |
Saudi Arabia | Saudi Aramco - Installation of 10 Jackets | Oil | 150 |
Oman | PDO - Qurum Residential Units: Phase 2B | Construction | 25 |
UAE | DWTC - Expo 2020 Development - Podiums & Tower Blocks on Parcels 10 & 11 | Construction | 169 |
Saudi Arabia | RCJY - Housing Units (097-C72R) | Construction | 24 |
UAE | Al Taif Investment - Fujairah Business Centre | Construction | 113 |
UAE | Dubai Hills Estate : Sidra Community : Sidra 2 | Construction | 120 |
Saudi Arabia | Aramco Bahri Lamprell HHI - King Salman Int Maritime : Dredging & Reclamation | Construction | 800 |
Egypt | Cairo University - International Branch of Cairo University | Construction | 29 |
Oman | Al Khonji Real Estate and Development (AQAR) - Rimal II | Construction | 30 |
Saudi Arabia | Saudi Aramco - Offshore Maintain Potential: Upgrade West Pier Facilities | Oil | 280 |
Oman | Duqm Development Co - Duqm Frontier Town: Phase 2 A : Multi Specialty Hospital | Construction | 25 |
Saudi Arabia | Jeddah University - Infrastructure Works in Jeddah University (Phase I) | Transport | 25 |
UAE | ADDC - Al Mirfa & Sila Tanker Filling Stations | Water | 12 |
Qatar | Falcon Home Ent Co- Gold Bazaar and Hotel | Construction | 25 |
UAE | API - Meydan Horizon : Residential Tower at Bukadra (Plot no. 611-279) | Construction | 30 |
Kuwait | KOC - 11kV Elevated Main Intake Substations B4,B5 & MG2 in SEK Area(RFP-2028832) | Power | 65 |
UAE | DEWA - Office Building Complex at Al Ruwaiyah (Tender No: 2131600068) | Construction | 62 |
Saudi Arabia | MOHE - King Abdulaziz University: College of Law For Girls | Construction | 25 |
UAE | Wow Investment - Business Bay: Wow Hotel & Apartments (Plot No. 3460685) | Construction | 100 |
Kuwait | MPW - Criminal Evidence Headquarters | Construction | 164 |
UAE | NMC - Expo 2020 Development: UAE National Pavilion | Construction | 96 |
Qatar | Zukhrof Real Estate - QEZ1: Business Hotel | Construction | 40 |
UAE | ADDC - Replacement of Water Network in Musaffah Industrial Area (East) | Water | 16 |
UAE | Time Properties - Business Bay : AG Tower (Plot No. 3460572) | Construction | 100 |
UAE | L I V Real Estate Development LLC- Dubai Marina : LIV Residence (Cristal Marina) | Construction | 60 |
UAE | Empower - Al Khalil Gate District Cooling Plant | Water | 24 |
Saudi Arabia | SEC - 380 kV U/G Cable from New Airport BSP (9089) to PNAU BSP (9024) | Power | 47 |
UAE | Private Developer - Al Safa 5 : Residential building (Plot 6488535) | Construction | 20 |
UAE | DWTC - One Central : Multi Storey Car Park (PN1601) | Transport | 85 |
Egypt | Marseilia Group - Swiss-Belresort Marseilia Beach 4 (Phase 2) | Construction | 30 |
Total | The full value for 71 projects across the Mena region | 7,880 | |
Data from meedprojects.com as of 6 August. For more information, visit MEED Projects |
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