Middle East contracts awarded: July 2017

08 August 2017

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
CountryAward ($m)
Bahrain51
Egypt113
Iraq900
Kuwait1,330
Oman152
Qatar896
Saudi Arabia1,541
UAE2,897

The UAE’s 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 Arabia’s biggest was the $800m contract awarded to a team of Greece’s Archirodon and the local Huta Marine by a joint venture of Saudi Aramco, National Shipping Company of Saudi Arabia, South Korea’s 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 Italy’s 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 country’s 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 www.meed.com
CountryProjectContractorClientEstimated value ($m)
UAERepair a plant at the Ruwais oil refinery in Abu Dhabi that was damaged by a fire in JanuaryGS Engineering & ConstructionAbu Dhabi Oil Refining Company (Takreer)865
EgyptBuild a man-made lagoon at the North Coast tourism projectTatweer MisrCrystal Lagoonsna
UAEMechanical, electrical and plumbing (MEP) contract for the Creekside 18 projectEmirates Falcon ElectromechanicalEmaar Properties30
UAEBuild and operate the UAE Pavilion at the Expo 2020 siteArabtec ConstructionNational Media Councilna
Saudi ArabiaInstallation of jackets on five offshore oil fields off Saudi Arabia’s Gulf coastSaipemSaudi Aramco350
UAEEngineering, procurement and construction (EPC) contract to upgrade the control systems at a gas plant in Abu DhabiActemiumAbu Dhabi Gas Industries50
UAEInitial works on Dewa’s new headquarters building in DubaiDutco Balfour BeattyDubai Electricity & Water Authority (Dewa)12.5
UAEConstruction of the first two interchanges serving the Dubai Expo 2020 siteLarsen & ToubroRoads & Transport Authority280
UAEConstruction of two sections of the Expo Village development in Dubai, known as Parcels 10 and 11. The scheme involves the construction of five 16-storey towersHLG ContractingDubai World Trade Centre169
QatarDesign and construction of food facilities at Hamad PortAl-Jaber EngineeringNew Port Project (NPP) Steering Committee438
UAEComplete marine works for the Dubai Harbour developmenVan OordProjects Link Contracting Companyna
EgyptEnabling and civils works for the West Cairo power plant, and enabling and civils works at the Walideya power plantHassan Allam Construction and Lebanon’s Consolidated Contractors CompanyEgyptian Electricity Holding Company177
UAEMain construction contract for Afnan and Dania districts at Midtown development in DubaiBelhasa Engineering & Contracting CompanyDeyaar163
UAEBuild the Edition Hotel building at Jumeirah Beach Residence in the Dubai Marina areaDubai Contracting CompanyEstithmaar Realty and Ian Schrager Companyna

 

Contract awards as reported on meedprojects.com
Country ProjectIndustryContract value ($m)
Saudi ArabiaSaudi Aramco - Installation of 9 JacketsOil150
QatarManateq - QEZ1: Construction Of The GatewayConstruction150
IraqUS Department of State - US Consulate Building in ErbilConstruction500
UAEKleindienst Group - The World: Heart of Europe : The Cote D’Azur HotelConstruction180
OmanOGC - Ad Duqm Gas Supply StationGas72
QatarNPP- New Port:Specialist Storage Facilities for Rice, Sugar & Edible Oil(Phase1)Industrial438
QatarBarwa Real Estate - Barwa Al Baraha: Warehouse and WorkshopsIndustrial38
EgyptEETC - 66/11kV Tami Elamdid SubstationPower15
UAEDubai Municipality - Labour Court at Al Rowaiyah ThirdConstruction30
EgyptArkan Developers - Business PlusConstruction26
UAESEWA - Seawater Reverse Osmosis Desalination PlantWater13
UAEDEWA-132/11kV Replacement of Existing Substations at MANK,GARH,GHSSPower35
KuwaitKOC- Train 3 of Wara Pressure Maintenance Project (Tender: RFP-2041398)Oil187
UAEADDC - Replacement of Abu Dhabi Water Network - Sectors E9_02, E10, E13 &W 14_02Water25
QatarIsmail Bin Ali Group - QEZ1: Ras Bufontas Worker Accommodation FacilityConstruction140
UAEDubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/1)Transport205
QatarBab Ishtar Group - QEZ1: Business HotelConstruction40
UAEFirst Group - Jumeirah Village Triangle : Millennium Place JVTConstruction40
KuwaitNational Guard - Marina Project at National Guards Officers ClubConstruction64
KuwaitKOC - New Refinery Project: Feed PipelineOil850
UAEEstithmaar / Ian Schrager - JBR : Edition Hotel (Plot No:3920529)Construction230
Saudi ArabiaMouwasat Medical Services - Mouwasat Hospital In DammamConstruction40
UAEKerzner Group - Palm Jumeirah: Atlantis Hotel RenovationConstruction80
EgyptSSCO - Industrial Drainage StationWater13
UAESelect Group - The Residences at Marina Gate 3Construction163
UAEDubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/5)Transport81
UAEMOPA - 323 Villas at SeyouhConstruction30
UAEDubai Holding / Emaar Properties - Dubai Creek Harbour : Creekside 18Construction140
UAEEmpower - Mirdif District Cooling PlantWater20
UAEKleindienst Group - The World : Heart of Europe: Portofino HotelConstruction80
UAEMOPA - Extension of Sheikh Khalifa Road E84 : Phase ITransport88
BahrainBahrain Ministry of Housing - Prince Charles City Development at AskarTransport11
UAEADDC - Replacement of Abu Dhabi Water Network- Sectors W40, W41, W36, W34 & W35Water45
UAEDubai RTA - Expo 2020 Development : Expo Interchange (Contract No. R1048/2)Transport165
IraqMinistry of Oil - Nasiriyah and Gharraf Gas Field DevelopmentGas400
QatarQatar University - College of Law (97/2014/2015)Construction25
UAENakheel - Ibn Battuta Mall Expansion - E5 (DMS No.145435)Construction60
UAEPrivate Developer - International City : Residential Building (IC3-60.16)Construction20
BahrainArmada Group – Bahrain Logistics CenterIndustrial40
UAEAlmulla Group - Aviation City: Holiday InnConstruction80
UAEAlmulla Group - Aviation City: Staybridge Suites HotelConstruction80
Saudi ArabiaSaudi Aramco - Installation of 10 JacketsOil150
OmanPDO - Qurum Residential Units: Phase 2BConstruction25
UAEDWTC - Expo 2020 Development - Podiums & Tower Blocks on Parcels 10 & 11Construction169
Saudi ArabiaRCJY - Housing Units (097-C72R)Construction24
UAEAl Taif Investment - Fujairah Business CentreConstruction113
UAEDubai Hills Estate : Sidra Community : Sidra 2Construction120
Saudi ArabiaAramco Bahri Lamprell HHI - King Salman Int Maritime : Dredging & ReclamationConstruction800
EgyptCairo University - International Branch of Cairo UniversityConstruction29
OmanAl Khonji Real Estate and Development (AQAR) - Rimal IIConstruction30
Saudi ArabiaSaudi Aramco - Offshore Maintain Potential: Upgrade West Pier FacilitiesOil280
OmanDuqm Development Co - Duqm Frontier Town: Phase 2 A : Multi Specialty HospitalConstruction25
Saudi ArabiaJeddah University - Infrastructure Works in Jeddah University (Phase I)Transport25
UAEADDC - Al Mirfa & Sila Tanker Filling StationsWater12
QatarFalcon Home Ent Co- Gold Bazaar and HotelConstruction25
UAEAPI - Meydan Horizon : Residential Tower at Bukadra (Plot no. 611-279)Construction30
KuwaitKOC - 11kV Elevated Main Intake Substations B4,B5 & MG2 in SEK Area(RFP-2028832)Power65
UAEDEWA - Office Building Complex at Al Ruwaiyah (Tender No: 2131600068)Construction62
Saudi ArabiaMOHE - King Abdulaziz University: College of Law For GirlsConstruction25
UAEWow Investment - Business Bay: Wow Hotel & Apartments (Plot No. 3460685)Construction100
KuwaitMPW - Criminal Evidence HeadquartersConstruction164
UAENMC - Expo 2020 Development: UAE National PavilionConstruction96
QatarZukhrof Real Estate - QEZ1: Business HotelConstruction40
UAEADDC - Replacement of Water Network in Musaffah Industrial Area (East)Water16
UAETime Properties - Business Bay : AG Tower (Plot No. 3460572)Construction100
UAEL I V Real Estate Development LLC- Dubai Marina : LIV Residence (Cristal Marina)Construction60
UAEEmpower - Al Khalil Gate District Cooling PlantWater24
Saudi ArabiaSEC - 380 kV U/G Cable from New Airport BSP (9089) to PNAU BSP (9024)Power47
UAEPrivate Developer - Al Safa 5 : Residential building (Plot 6488535)Construction20
UAEDWTC - One Central : Multi Storey Car Park (PN1601)Transport85
EgyptMarseilia Group - Swiss-Belresort Marseilia Beach 4 (Phase 2)Construction30
TotalThe 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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