Middle East contracts awarded: September 2016

06 October 2016

Saudi Arabia records increase while rest of GCC states slow down

Despite a pick-up in contract awards in the region’s biggest projects market, Saudi Arabia, the overall value of deals let in the region returned to a decline in September.

September contract awards by country
CountryAward ($m)
Bahrain482
Egypt65
Kuwait396
Oman110
Qatar1,519
Saudi Arabia1,649
UAE399

The kingdom awarded $1.7bn-worth of contracts in September, more than double the $518m it let in August, and now leads the region in contract awards. State oil major Saudi Aramco awarded the largest deal, a $1.2bn contract for the construction of a residential camp in Fadhili.

In contrast, the overall value of deals awarded across the region fell to $7.1bn from $9.4bn in August. The number of contracts let decreased to 27 from 51 in August, with slowdowns in almost all of the GCC countries. This is the second-lowest value of contracts awarded in a month this year, surpassed only by the $7bn of awards in May.

Contract awards as reported on www.meed.com
CountryProjectContractorClientEstimated value ($m)
UAEProject management services on Helios Towers project in Abu DhabiHill InternationalAl-Fouad Group3.8
UAEDesign Nakheel’s new retail centre in the Nad al-Sheba area of DubaiAE7Nakheelna
UAEDesign and construction supervision of Nakheel’s AED7.5bn ($2bn) Jebel Ali Gardens developmentMEECON (Middle East Engineering Consultants), Golden Square Engineering, Eng. Adnan Saffarini Office, Arif & Bintoak Consulting Architects & Engineers, Design Centre Architects & Engineers Consultants, Bel-Yoahah Architectural & Engineering ConsultantsNakheelna
UAEMain construction contract on the Maryah Plaza project in Abu DhabiAl-Faraa GroupFarglory Middle Eastna
UAEConstruct a gas compressor station in Abu DhabiSiemensAbu Dhabi Gas Industries (Gasco)na
UAEDesign, engineering and construction supervision of 20 towers at Nakheel’s Deira Islands developmentAe7Nakheelna
KuwaitStudy, design and supervise the maintenance work for the road network in Kuwait’s Kabd areaKuwait Technical Consulting BureauMinistry of Public Worksna
QatarDesign and build the north section of the Al-Bustan RoadJoint venture of Turkey’s Yuksel Insaat and Spain’s Ferrovial AgromanPublic Works Authority (Ashghal)789
UAEConstruction of 133 villas in Dubai’s Nad al-Sheba areaSquare General Contracting CompanyNakheel51
QatarBuild and maintain the E Ring Road north-south linkDaewoo Engineering & ConstructionPublic Works Authority (Ashghal)na
UAEAdvisory services for Dewa’s latest solar power projectConsortium led by KMPGDubai Electricity & Water Authority (Dewa)na
UAEWind engineering consultancy contract for Emaar’s tall tower project at the Dubai Creek Harbour developmentBMT Fluid MechanicsEmaar Propertiesna
Saudi ArabiaWork on the first phase of the Al-Talah Gardens 3 project, which is being developed in the King Abdullah Economic City (KAEC)Yaghmour Contracting & MaintenanceEmaar the Economic Cityna
KuwaitBuild flowlines at gathering centres 29, 30 and 31Arabi EnertechKuwait Oil Company177
Saudi ArabiaConstruct pipelines connecting Yanbu to North Jeddah on the kingdom’s Red Sea coastTekfenSaudi Aramco300
KuwaitReplace overhead power lines across KuwaitEmecoMinistry of Electricity & Water57.7
Saudi ArabiaFour engineering procurement and construction contracts to build pipelinesSaudi KAD ContractingSaudi Aramco1000+
EgyptConsultancy contract for the first phase of Cairo Metro Line 4Consortium of Nippon Koei, Nippon Civic, Oriental Consultancy, Ace Consulting Engineers, Ehaf Consulting Engineers (local)National Authority for Tunnels110
UAEBuild a mixed-use development at Dubai Silicon OasisChina State Construction Engineering CorporationDubai Silicon Oasis Authority354
Saudi ArabiaMixed-use development project adjacent to Jeddah’s King Abdulaziz International airportFawaz Abdulaziz al-Hokair CompanyGeneral Authority of Civil Aviationna
IranBuild a 270MW wind farm in the north of the countryMECI GroupEnergy ministry2,090
Saudi ArabiaWork on a commercial building, which is set to be occupied by local food company AlmaraiNesma TradingEmaar the Economic City120
Saudi ArabiaOne-year maintenance of North-South Railway projectThalesSaudi Railway Companyna
QatarPiling works contract for a residential towerNavayuga Engineering CompanyUnited Development Companyna
BahrainWork on Souq al-Buhair renovation projectAl-Hedaya Contracting CompanyAmlak Real Estatena
OmanProvide progressing cavity pump equipment and related servicesGE Oil & GasPetroleum Development Omanna
OmanMasterplan the first phase of Duqm CityAtkinsSpecial Economic Zone Authority for Duqm (Sezad)na
Saudi ArabiaMain contractor for the $1.5bn Fadhili residential camp in JubailNesma & PartnersSaudi Aramcona
IraqManage the conversion of the 500MW Amara power plant into a combined-cycle facilityILF Consulting EngineersRaban al-Safina8
QatarConstruction of the first phase of the Baraha Motor City project in DohaInsha Contracting & TradingBarwa Real Estate Companyna
TotalThe full value for 27 projects across the Mena region7,060
Data from MEED.com; na=Not available. For more information visit MEED Projects http://www.meedprojects.com/home

The UAE also recorded a noticeable slump in September contract awards. The country let a mere $399m of deals, compared with $2.5bn in August. Qatar yet again overtook the UAE, with two deals let worth a total of $1.5bn, both by the Public Works Authority (Ashghal).

Bahrain saw a dip in activity in September, recording just one contract award by the Ministry of Works for the Muqaba sewerage network project. However, the country managed to award the third-largest value of deals. In September, Bahrain let $482m of deals, compared with August’s $906m.

Contract awards on www.meedprojects.com
Country NameProject IndustryContract Value ($m)
Saudi ArabiaSaudi Aramco - Yanbu-North Jeddah Products PipelineOil300
UAEDamac Properties - Akoya by Damac: Carson (Tower C)Construction40
Saudi ArabiaMOWE - Wastewater Transmission Line Buraidah - Phase 2Water20
KuwaitUnited Real Estate - Daiya Mixed Use Real Estate : Infrastructure PackageTransport60
EgyptEETC - 500kV South Helwan To Zahraa El-Maadi OTLPower47
Saudi ArabiaNWC - Riyadh City Strategic Plan Phase 2: Contract A6 (Tender No. PR 202151092)Water15
OmanJiangsu Changbao Steel Tube Co - Pipe Factory at SoharIndustrial20
Saudi ArabiaSaudi Aramco - Pedestrian Bridge in DhahranTransport18
UAEDubai Municipality - DM Office at Hor Al Anz East (Plot No. 1330552)Construction20
UAEADM - Internal Roads & Infrastructure:MBZ City (District 2) (Tender no: 54/2015)Transport35
KuwaitMEW - Replacement of 300/132/33kV Overhead Power LinesPower56
UAENakheel - Residential Development at Nad Al Sheba Third: Package 4Construction51
OmanPDO - Saih Rawl Open Cycle to Combined Cycle Gas TurbinesPower90
UAEDamac Properties - Akoya by Damac: Carson (Tower B)Construction40
QatarAshghal-Expressway Programme:Al Bustan Street North(P007-P2-C7) IA 15/16 C002 STTransport789
KuwaitUnited Real Estate - Daiya Mixed Use Real Estate ProjectConstruction0
KuwaitKOC - Crude Transit Pipeline from North Kuwait to CMMOil280
UAEMiral Asset Management - Yas Island : Sky VentureConstruction55
QatarAshghal - Expressway Programme: E ring road North-South Link (P008-C2)Transport730
UAEDamac Properties - Akoya by Damac: CarsonConstruction0
Saudi ArabiaSEC - 380kV Substation at RwabePower96
UAEChain Holding - Eclipse Twin Tower Commercial BuildingConstruction93
UAEStar Energy Oil Tanking - Jafza Terminal Expansion ProjectOil25
EgyptTCI Sanmar Chemicals - Calcium Chloride PlantChemical18
Saudi ArabiaAramco - Fadhili Residential CampConstruction1,200
UAEDamac Properties - Akoya by Damac: Carson (Tower A)Construction40
BahrainBahrain Ministry of Works - Muqaba : Sewerage Network ProjectTransport482

Kuwait recorded the fourth-largest value of contract awards, but is also far off its August value. The country awarded $396m of deals in September, compared with $2.4bn in August.

Looking forward, the UAE is forecast to award the largest value of contracts by a large margin in the fourth quarter of this year, followed by Saudi Arabia, Qatar and Kuwait.

Net value of projects under execution ($m)
Country Grand Total
Saudi Arabia1,649
UAE399
Kuwait2,836
Egypt65
Oman110
Qatar1,519
Bahrain482

Sum of Net Project Value ($m)Industry       
Country OilConstructionWaterTransportPowerIndustrialChemicalGrand Total
Saudi Arabia3001200351896  1,649
UAE25339 35   399
Kuwait2802,440 6056  2,836
Egypt    47 1865
Oman    9020 110
Qatar   1,519   1,519
Bahrain   482   482
Grand Total6053,979352,11428920187,060

 

 

Read previous contract awards.

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