Middle East contracts awarded: September 2017

10 October 2017

UAE leads region in value of deals let

The total value of contracts awarded in the Middle East in September was $10.4bn, a 31 per cent drop on the $15bn inked in August. The sharp fall came despite the signing of a $3.9bn contract to build a 700MW concentrated solar power (CSP) plant in Dubai, which will be the largest single site CSP project in the world.

The UAE was the most active market in September, inking $5.8bn of deals. The rest of the GCC states failed to pass the $1bn mark; Qatar achieved the next-highest value of contract awards, at $653m.

Middle-East-Contract-Awards-for-September-2017-data

September contract awards by country

CountryAward ($m)
Lebanon84
UAE5,830
Saudi Arabia497
Oman294
Qatar653
Kuwait154
Egypt620
Jordan122
Iran1,595
Iraq500

 

Looking at the wider Gulf region, Iran inked the second-biggest value of contracts in September, at $1.6bn, led by a $1bn deal awarded by Iran Gas Engineering & Development Company to build the country’s ninth cross-country gas trunk pipeline – IGAT 9.

Project activity in Saudi Arabia remained subdued, with only $497m of deals let, compared with $425m in August. The kingdom is currently reviewing its National Transformation Programme, the ambitious strategy launched in 2016 to radically overhaul the economy by 2020. According to reports, some key areas are to be removed from the plan and the implementation timeline for other targets will be extended to 2025 and 2030.

Looking at the quarterly performance of contract awards in the region, the third quarter of this year does not disappoint, with $33.3bn of deals let, compared with $23.2bn in the second quarter.

Contract awards as reported on www.meed.com

CountryProjectContractorClientEstimated value ($m)
EgyptDevelop phase two of the massive Zohr gas field in the Mediterranean Sea, off the coast of EgyptBaker HughesPetrobelna
EgyptBuild the Abu Rawash wastewater treatment plantConsortium of the local Orascom Construction and Spain’s FCC AqualiaConstruction Authority for Potable Water & Wastewater320
UAEDevelop a 700MW concentrated solar power plant in DubaiTeam of Acwa Power and Shanghai ElectricDubai Electricity & Water Authorityna
QatarExpanding the existing 2.88 kilometre-long, six-lane Al-Bustan Street into an eight-lane highwayHyundai Engineering & ConstructionPublic Works Authority434
UAEMain tunnel construction package on the Jebel Ali stormwater network projectJoint venture of Austria’s Porr and Belgium’s BesixDubai Municipalityna
IranDevelop a 600MW solar plant in IranQuercus (developer) Iran Power & Water Industries / Bester JV (contractor)Ministry of Energyna
KuwaitBuild a new crude transit pipeline from North Kuwait to Al-Ahmadi in the south of the countryLarsen & ToubroKuwait Oil Company262

Contract awards as reported on meedprojects.com

Country NameProject IndustryContract Value ($m)
LebanonPride Invest - Pride of LouayzehConstruction14
UAEDHA -  Umm Suqeim Health CentreConstruction15
Saudi ArabiaKAUST - Data Center in JeddahConstruction24
Saudi ArabiaSWCC - Water Transmission System from Rabigh – Jeddah/Makkah Al-MokarramahWater320
UAEADCO-Flowlines & Wellhead Tie-in Installations : Package COil200
UAEDubai Municipality - Jebel Ali Deep Tunnel Storm Water System Project: Package 2Water354
UAEWasl - Hotel Staff Accommodation in WarsanConstruction175
Saudi ArabiaRCJ&Y -  Subdivision & Development Of Downstream Industrial Zone - Phase 3Transport45
OmanOman Ministry of Defence - Accommodation Camp at Sohar (6/2017)Construction40
OmanOman Ministry of Defence - Accommodation Camp at Sohar (7/2017)Construction40
QatarAshghal - Expressway Programme: Al Bustan Street South P007 C5 P1Transport434
UAEAl Jaziri Brothers - Residential Building at Al Furjan (Plot No:AFRAR012)Construction28
UAEPrivate Developer - Al Reem Island : Office Tower (Plot: R1-C03)Construction55
UAEMubadala - Expansion of Khazna Data Centres at DubaiConstruction85
KuwaitMPW - Construction of Road from 5th Ring Road to King Abdul Aziz Road (AE/258)Transport85
EgyptMHUUD - Abu Rawash WWTP ExpansionWater320
EgyptFAS Energy - 50 MW PV Power Plant in Benban (FIT Model)Power60
UAEDanube - Dubailand: Arjan- ResortzConstruction60
UAEADCO-Flowlines & Wellhead Tie-in Installations : Package BOil200
UAEPrivate Developer - JVC : Residential building (Plot: JVC13GMRM006)Construction10
OmanBP- Block 61:Khazzan 2 :Asphalt & In-Field Graded Roads:Civil works(Package 9)Transport42
UAEDEWA -  700 MW Mohammad Bin Rashid Al Maktoum Solar Power Plant CSP - Phase 4Power3,866
JordanMPWH - Princess Basma Hospital ReplacementConstruction57
OmanSohar Industrial Port Co  - Freezone Sohar - Phase 3 : Infrastructure workTransport20
UAEPrivate Developer - Residential Building at International City (IC3-62.04)Construction14
IranMinistry of Energy - Solar Power Plant (600MW)Power595
UAEPrivate Developer - Residential Building in Abu DhabiConstruction13
UAEDubai Properties - Dubailand : Villanova : Infrastructure worksTransport20
EgyptEmaar Misr - Uptown Cairo : LevanaConstruction20
KuwaitMEW - 132kV XLPE Cables : Phase 3 (MEW/7/2013/2014)Power45
IranIGEDC - IGAT 9 Gas TrunklineGas1,000
UAEIGO - Al Furjan : 48 Villas and TownhousesConstruction20
OmanOman Ministry of Defence - Accommodation Camp at Sohar (8/2017)Construction40
OmanOman Ministry of Defence - Accommodation Camp at Sohar (9/2017)Construction40
KuwaitKOC - New Mixing Manifold for Jurassic Light Oil (RFP - 2043225)Oil24
Saudi ArabiaMOT - Jeddah Mecca Highway: Phase 4Transport25
UAEMubadala - Expansion of Khazna Data Centres at Abu DhabiConstruction85
LebanonChaddad Group - Sour Mall in TyreConstruction40
IraqCentral Bank of Iraq - CBI HeadquartersConstruction500
UAEEmaar - Dubai South : Urbana 2Construction120
OmanMazoon Dairy Company - Dairy Farm in the Wilayat of Al Sinaina of Al BuraimiIndustrial72
UAELimitless - Modular Package District Cooling PlantWater24
UAEADCO-Flowlines & Wellhead Tie-in Installations : Package AOil200
Saudi ArabiaDallah Health - Dallah Hospital in Al-NakheelConstruction37
UAEEmaar - Opera District : Forte Towers : Substructure WorksConstruction53
EgyptPetroShorouk - Zohr Gas Field Development : Subsea Production Systems : Phase 2Gas200
JordanAl-Safawi Green Energy PSC - Al Safawi Solar Plant 51 MWPower65
QatarNishan Investment and Real Estate - Lusail Development: Nishan Tower (COM 019)Construction150
QatarAl Waab Development Company - Al Waab City: Central District: Phase 1(Package 3)Transport54
UAEPrivate Developer-  International City : Residential Building (Plot no. IC3-G09)Construction12
EgyptEETC-North Hurgada S/S & El-Qusair S/S OTL Interconnection to 220 kV GridPower20
LebanonCDR-Rehabilitation Of Tannourine El-Tahta To Tannourine El-Fawqa RoadTransport30
UAETIP - 33/11.5 kV SubstationPower32
UAEMusanada - Government Facility at Gweifat Border Post (P041-T/BPS/1100/060/16)Construction32
UAEPrivate Developer - International City: Residential Building (Plot no IC3-70.32)Construction15
UAETECOM - University of Wollongong Campus Building ExpansionConstruction20
QatarASHGHAL - Infrastructure FS Gaps for Bani Hajer - Package 03 (IA/2016/C/052/G)Transport15
UAETecom - Office Building in Knowledge Village (Plot No. A004016)Construction30
Saudi ArabiaSaudi Telecom Company - Network Operation Building in RiyadhConstruction25
Saudi ArabiaEmaar - KAEC - Industrial Valley : Infrastructure Works : Phase 3 (Package C)Transport21
UAEDubai Properties - Dubailand: Serena Casa DoraConstruction80
UAEPrivate Developer - Hotel at Cultural Village (Plot No : P1.E006)Construction12
TotalThe full value for 62 projects across the Mena region10,349
Data from meedprojects.com as of 5 October. For more information, visit MEED Projects

 

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.

Middle-East-Contract-Awards-for-September-2017-data

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.