Middle East contracts awarded: May 2017

09 June 2017

Saudi Arabia lets $5bn of deals

The $5.3bn of contracts awarded in Saudi Arabia failed to lift the value of deals let in the region in May, with other GCC states recording declines in award activity. A total of $9.5bn of agreements were signed in May compared with $10.4bn in April, although the value is not as low as that recorded in February ($3.6bn).

May contract awards by country
CountryAward ($m)
Bahrain10
Egypt14
Iran320
Jordan60
Kuwait979
Lebanon157
Oman94
Qatar551
Saudi Arabia5,312
UAE2,023

The kingdom awarded its highest value of deals this year, although it only let eight contracts, the biggest a $2.9bn deal awarded to a joint venture of Turkey’s IC Ictas and the local Al-Rashid Trading & Contracting for the redevelopment of four existing terminals at King Khaled International airport in Riyadh. This contract was also the biggest awarded across the region in May.

The UAE let the second-biggest value of deals, at $2bn, a decrease on the $4.2bn it awarded in April. The largest award was a $460m contract let to the local Trojan General Contracting to build the first three precincts of the Yas Acres development in Abu Dhabi.

Kuwait awarded $979m of deals in May, although according to MEED’s projects database MEED Projects, the country did not sign a single deal in April. However, the May value is a huge decline from the $3.2bn of contracts Kuwait awarded in March.

Qatar let only $551m of deals, continuing a decline that started in March, when the country let $2.7bn of contracts. With about $261bn-worth of schemes planned or under way in the country, Qatar is the GCC’s third-biggest projects market after Saudi Arabia and the UAE, according to MEED Projects. But the consequences of the crisis now under way between Qatar, Saudi Arabia, Bahrain, the UAE and Egypt are already giving cause for concern.

If the Qatar crisis is allowed to drag on for an extended period, it is likely to have a significant negative impact on both the Qatari and GCC economy. And few markets will be worse hit than Qatar’s projects sector, with the scale of the disruption increasing the longer the blockade continues.

Contract awards as reported on www.meed.com
CountryProjectContractorClientEstimated value ($m)
EgyptBuild another building at the ministerial district in the new Capital CityHassan Allam ConstructionGovernmentna
UAEBuild the Clemenceau Medical Centre in Dubai Media CityArabian Construction CompanyKhansaheb Investment82
UAEBuild the first three precincts of the Yas Acres developmentTrojan General ContractingAldar Properties463
OmanOff-plot mechanical work at PDO-operated oil fields at Fahud, Lekhwair and YibalSeeh al-Sarya EngineeringPetroleum Development OmanWithin $770m
OmanWork at the Qarn Alam fieldGalfar Engineering & ContractingPetroleum Development OmanWithin $770m
UAEConstruction of the Bellevue Towers project in the Downtown area of DubaiSeidco General ContractingDubai Properties54.5
Saudi ArabiaRedevelop four existing terminals at the King Khaled International Airport in RiyadhJoint venture of Turkey’s IC Ictas and local Al-Rashid Trading & ContractingGeneral Authority of Civil Aviation2,900
Saudi ArabiaComplete the $1.5bn Yanbu 3 power and water projectSepco 3Saline Water Conversion Corporationna
UAEMain building work on Stella Maris project in Dubai MarinaGeneral Construction CompanyBloom Propertiesna
UAEBuild the expansion of the Jebel Ali K Station power plant in DubaiDuro FelgueraDubai Electricity & Water Authorityna
QatarDesign, supply and install 35 substations, which will be for 400kV, 220kV, 132kV, 66kV and 11kV voltage levelsSiemensQatar General Electricity & Water Corporation (Kahramaa)851
UAEBuild the three-tower residential and retail complex, which will be situated at the foot of the Palm Gateway projectShapoorji PallonjiNakheel Properties408
UAEMain construction contract for the Soho Square development on Abu Dhabi’s Saadiyat IslandEmirates Link MaltauroBloom Propertiesna
KuwaitUpgrade a section of the Abdaly Highway, which will link Kuwait City with the under-construction South Al-Mutlaa CityItineraMinistry of Public Works306
UAEBuild Bloom Education’s 89,000 -square-metre Brighton College UK and Dwight School New York schools in the Al-Barsha South area of DubaiBecon ConstructionBloom Propertiesna
UAESoho Gardens projectEmirates Link MaltauroBloom Propertiesna
Saudi ArabiaRenovation and upgrade of the Al-Wajh domestic airport in Tabuk, located in the northwestern region of Saudi ArabiaAlmabani General ContractorsGeneral Authority of Civil Aviationna
QatarWork on a number of training sites for the Fifa World Cup in 2022Nakheel Landscapes and Gulf ContractingSupreme Committee for Delivery & Legacyna
Saudi ArabiaEngineering, procurement, fabrication, load-out, transportation, installation, hook-up and pre-commissioning of four wellhead decks, along with subsea pipelines, cables and tie-ins for the Safaniya, Zuluf and Berri oil fieldsNational Petroleum Construction CompanySaudi Aramcona
UAEComplete infrastructure at Dubai Creek Harbour’s Island DistrictWade Adams and joint venture partner Cyprus-based Joannou & ParaskevaidesEmaar204
OmanWork on Golf Lake Residences project in OmanHussain Fadhil & PartnersMuriya Tourism Development Companyna
UAEDevelop the new site of the twofour54 free zone in Abu DhabiAldar PropertiesMedia Zone Authority – Abu Dhabina
TotalThe full value for 54 projects across the Mena region  9,520
Data from MEED.com as of 6 June; na=Not available. For more information visit MEED Projects http://www.meedprojects.com/home

 

Contract awards on www.meedprojects.com
Country NameProjectIndustryContract Value ($m)
Saudi ArabiaCoca Cola - Bottling Plant in Sudair CityIndustrial12
IranIranian Airports Holding Company - Mashhad International Airport ExpansionTransport160
UAEAdnoc Distribution- Aviation Fuel Depot at Bateen Executive AirportOil125
Saudi ArabiaEmaar - KAEC - Industrial Valley : Infrastructure works : Phase 3 (Package 1B)Transport13
JordanADC - Aqaba New Port Phase 2 : Grain Silos Terminal (Package 2)Industrial60
UAEDubai Hills Estate - Mohammed Bin Rashid City: Parkway VistasConstruction18
KuwaitKOC-11kV Substation & Upgrading of Existing Substations in West KuwaitPower19
OmanMuriya Tourism Development Company - Golf Lake ResidencesConstruction64
OmanMuscat Municipality - Internal Roads at Al AmiratTransport10
UAEAbdulla Kamber Real Estate - Asiana Grand Hotel on Plot 1240932Construction28
UAEMasdar / Bee’ah - 30 MW Waste to Energy PlantPower90
UAEOverseas Real Estate - Residential Building at Al Sheria (Plot B/41)Construction12
UAEMajid Al Futtaim - Mirdif City Centre : Vox Cinema ExpansionConstruction15
UAESTTS Group - Dubai South: Aircraft Painting Facility: Phase 2Transport22
OmanSEZAD - Duqm Refinery Service Corridor (19/2015)Transport20
UAENakheel - Palm Jumeirah : Palm Gateway (Tender No. DMS 141324)Construction408
IranIAC - Esfahan Shahid Beheshti International Airport ExpansionTransport160
UAEFAM Holding - Al Aamra TowerConstruction30
Saudi ArabiaSWCC - Water Transmission System from Shoaiba to Mina : Line B (SMWTS B)Water224
UAEEmaar - Dubai South : Emaar South : Shallow Services & Internal RoadsTransport40
Saudi ArabiaGACA - King Khalid International Airport Expansion: Terminals UpgradeTransport2,900
LebanonCDR - Al Hazmiah - Saoufar International Road Upgrade: Section 2Transport37
UAEAldar - Yas Island : North Yas : Yas Acres : 652 VillasConstruction460
Saudi ArabiaNorthern Border Municipality: Hotel at Airport RoadConstruction21
QatarQatar Airways - Oryx International SchoolConstruction35
UAEPrivate Developer - Jumeirah Village Circle : Central Park(Plot No.JVC17TCP018B)Construction30
UAEBloom Properties - Saadiyat Island: Soho SquareConstruction175
QatarASGHAL - RIW in Various Areas of Greater Doha Phase - 4 (PWA/GTC/064/2016)Transport40
UAEPrivate Developer - Residential Development in Al Safa 1 (Plot 353 -191)Construction56
KuwaitMPW - Upgrading of Al Bidda Roundabout (Tender No. RA/222)Transport59
KuwaitMPW - Linking Road Between Mina Abdulla City & Wafra (Tender no. RA/238)Transport280
UAEEmaar - Dubai Creek Harbour : Vida HotelConstruction100
KuwaitMEW - Extension of 132 kV XLPE Ground Cables at Various Areas Phase 4Power49
UAEEmaar - Dubai Creek Harbour : Infrastructure WorksTransport204
UAEDubai Hills Estate - Mohammed Bin Rashid City : Fairway VistasConstruction18
KuwaitMabanee - The Avenues: Phase 4 BConstruction210
LebanonCDR - Upgrade of Tripoli-Homs HighwayTransport120
UAEDamac Properties - Akoya Oxygen : Vardon Cluster (Infrastructure Works)Transport11
UAEAzizi Investments - Downtown Jebel Ali: Azizi AuraConstruction32
QatarASHGHAL - RIW in Northern Areas: Phase 2Transport45
BahrainArmacell - Foam Factory at BIIPIndustrial10
KuwaitMPW - Northern Regional Road from Al Mutlaa Future City To Future CrossroadsTransport306
QatarSupreme Committee For Delivery And Legacy - Training SitesConstruction140
EgyptSECON - Al Riyadh Secon : Phase 2Construction14
UAENakheel - 132/11kV Tulip State Substations (DMS 145578)Power23
Saudi ArabiaSWCC / Marafiq - Yanbu Power Plant: Phase 3Power2,000
KuwaitMEW -132kV Ground Cables for Various Locations (Phase 6) (43/2014-2015)Power56
UAEWasl - Port Views : Residencial Development (Plot No. 3212127)Construction15
Saudi ArabiaEmaar - KAEC - Industrial Valley : Infrastructure works : Phase 3 (Package 1A)Transport22
QatarBarwa Real Estate Company - Baraha Motor City (Madinat Al Mawateer) : Phase 2Construction31
Saudi ArabiaSaudi Aramco - Rehabilitation & Maintenance of PipelinesOil120
QatarRSG - Lusail Development: Langham PlaceConstruction260
UAEBloom Properties - Brighton College & Dwight School (Plot No. 672-0434)Construction36
UAEGASCO - Control System Upgrade for existing ASAB-1 Gas Processing PlantsGas75

 

Read previous contract awards.

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