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 $653m.
Middle-East-Contract-Awards-for-September-2017-data
September contract awards by country | |
Country | Award ($m) |
Lebanon | 84 |
UAE | 5,830 |
Saudi Arabia | 497 |
Oman | 294 |
Qatar | 653 |
Kuwait | 154 |
Egypt | 620 |
Jordan | 122 |
Iran | 1,595 |
Iraq | 500 |
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 $23.2bn in the second quarter.
Contract awards as reported on www.meed.com | ||||
Country | Project | Contractor | Client | Estimated value ($m) |
Egypt | Develop phase two of the massive Zohr gas field in the Mediterranean Sea, off the coast of Egypt | Baker Hughes | Petrobel | na |
Egypt | Build the Abu Rawash wastewater treatment plant | Consortium of the local Orascom Construction and Spain’s FCC Aqualia | Construction Authority for Potable Water & Wastewater | 320 |
UAE | Develop a 700MW concentrated solar power plant in Dubai | Team of Acwa Power and Shanghai Electric | Dubai Electricity & Water Authority | na |
Qatar | Expanding the existing 2.88 kilometre-long, six-lane Al-Bustan Street into an eight-lane highway | Hyundai Engineering & Construction | Public Works Authority | 434 |
UAE | Main tunnel construction package on the Jebel Ali stormwater network project | Joint venture of Austria’s Porr and Belgium’s Besix | Dubai Municipality | na |
Iran | Develop a 600MW solar plant in Iran | Quercus (developer) Iran Power & Water Industries / Bester JV (contractor) | Ministry of Energy | na |
Kuwait | Build a new crude transit pipeline from North Kuwait to Al-Ahmadi in the south of the country | Larsen & Toubro | Kuwait Oil Company | 262 |
Contract awards as reported on meedprojects.com | |||
Country Name | Project | Industry | Contract Value ($m) |
Lebanon | Pride Invest - Pride of Louayzeh | Construction | 14 |
UAE | DHA - Umm Suqeim Health Centre | Construction | 15 |
Saudi Arabia | KAUST - Data Center in Jeddah | Construction | 24 |
Saudi Arabia | SWCC - Water Transmission System from Rabigh – Jeddah/Makkah Al-Mokarramah | Water | 320 |
UAE | ADCO-Flowlines & Wellhead Tie-in Installations : Package C | Oil | 200 |
UAE | Dubai Municipality - Jebel Ali Deep Tunnel Storm Water System Project: Package 2 | Water | 354 |
UAE | Wasl - Hotel Staff Accommodation in Warsan | Construction | 175 |
Saudi Arabia | RCJ&Y - Subdivision & Development Of Downstream Industrial Zone - Phase 3 | Transport | 45 |
Oman | Oman Ministry of Defence - Accommodation Camp at Sohar (6/2017) | Construction | 40 |
Oman | Oman Ministry of Defence - Accommodation Camp at Sohar (7/2017) | Construction | 40 |
Qatar | Ashghal - Expressway Programme: Al Bustan Street South P007 C5 P1 | Transport | 434 |
UAE | Al Jaziri Brothers - Residential Building at Al Furjan (Plot No:AFRAR012) | Construction | 28 |
UAE | Private Developer - Al Reem Island : Office Tower (Plot: R1-C03) | Construction | 55 |
UAE | Mubadala - Expansion of Khazna Data Centres at Dubai | Construction | 85 |
Kuwait | MPW - Construction of Road from 5th Ring Road to King Abdul Aziz Road (AE/258) | Transport | 85 |
Egypt | MHUUD - Abu Rawash WWTP Expansion | Water | 320 |
Egypt | FAS Energy - 50 MW PV Power Plant in Benban (FIT Model) | Power | 60 |
UAE | Danube - Dubailand: Arjan- Resortz | Construction | 60 |
UAE | ADCO-Flowlines & Wellhead Tie-in Installations : Package B | Oil | 200 |
UAE | Private Developer - JVC : Residential building (Plot: JVC13GMRM006) | Construction | 10 |
Oman | BP- Block 61:Khazzan 2 :Asphalt & In-Field Graded Roads:Civil works(Package 9) | Transport | 42 |
UAE | DEWA - 700 MW Mohammad Bin Rashid Al Maktoum Solar Power Plant CSP - Phase 4 | Power | 3,866 |
Jordan | MPWH - Princess Basma Hospital Replacement | Construction | 57 |
Oman | Sohar Industrial Port Co - Freezone Sohar - Phase 3 : Infrastructure work | Transport | 20 |
UAE | Private Developer - Residential Building at International City (IC3-62.04) | Construction | 14 |
Iran | Ministry of Energy - Solar Power Plant (600MW) | Power | 595 |
UAE | Private Developer - Residential Building in Abu Dhabi | Construction | 13 |
UAE | Dubai Properties - Dubailand : Villanova : Infrastructure works | Transport | 20 |
Egypt | Emaar Misr - Uptown Cairo : Levana | Construction | 20 |
Kuwait | MEW - 132kV XLPE Cables : Phase 3 (MEW/7/2013/2014) | Power | 45 |
Iran | IGEDC - IGAT 9 Gas Trunkline | Gas | 1,000 |
UAE | IGO - Al Furjan : 48 Villas and Townhouses | Construction | 20 |
Oman | Oman Ministry of Defence - Accommodation Camp at Sohar (8/2017) | Construction | 40 |
Oman | Oman Ministry of Defence - Accommodation Camp at Sohar (9/2017) | Construction | 40 |
Kuwait | KOC - New Mixing Manifold for Jurassic Light Oil (RFP - 2043225) | Oil | 24 |
Saudi Arabia | MOT - Jeddah Mecca Highway: Phase 4 | Transport | 25 |
UAE | Mubadala - Expansion of Khazna Data Centres at Abu Dhabi | Construction | 85 |
Lebanon | Chaddad Group - Sour Mall in Tyre | Construction | 40 |
Iraq | Central Bank of Iraq - CBI Headquarters | Construction | 500 |
UAE | Emaar - Dubai South : Urbana 2 | Construction | 120 |
Oman | Mazoon Dairy Company - Dairy Farm in the Wilayat of Al Sinaina of Al Buraimi | Industrial | 72 |
UAE | Limitless - Modular Package District Cooling Plant | Water | 24 |
UAE | ADCO-Flowlines & Wellhead Tie-in Installations : Package A | Oil | 200 |
Saudi Arabia | Dallah Health - Dallah Hospital in Al-Nakheel | Construction | 37 |
UAE | Emaar - Opera District : Forte Towers : Substructure Works | Construction | 53 |
Egypt | PetroShorouk - Zohr Gas Field Development : Subsea Production Systems : Phase 2 | Gas | 200 |
Jordan | Al-Safawi Green Energy PSC - Al Safawi Solar Plant 51 MW | Power | 65 |
Qatar | Nishan Investment and Real Estate - Lusail Development: Nishan Tower (COM 019) | Construction | 150 |
Qatar | Al Waab Development Company - Al Waab City: Central District: Phase 1(Package 3) | Transport | 54 |
UAE | Private Developer- International City : Residential Building (Plot no. IC3-G09) | Construction | 12 |
Egypt | EETC-North Hurgada S/S & El-Qusair S/S OTL Interconnection to 220 kV Grid | Power | 20 |
Lebanon | CDR-Rehabilitation Of Tannourine El-Tahta To Tannourine El-Fawqa Road | Transport | 30 |
UAE | TIP - 33/11.5 kV Substation | Power | 32 |
UAE | Musanada - Government Facility at Gweifat Border Post (P041-T/BPS/1100/060/16) | Construction | 32 |
UAE | Private Developer - International City: Residential Building (Plot no IC3-70.32) | Construction | 15 |
UAE | TECOM - University of Wollongong Campus Building Expansion | Construction | 20 |
Qatar | ASHGHAL - Infrastructure FS Gaps for Bani Hajer - Package 03 (IA/2016/C/052/G) | Transport | 15 |
UAE | Tecom - Office Building in Knowledge Village (Plot No. A004016) | Construction | 30 |
Saudi Arabia | Saudi Telecom Company - Network Operation Building in Riyadh | Construction | 25 |
Saudi Arabia | Emaar - KAEC - Industrial Valley : Infrastructure Works : Phase 3 (Package C) | Transport | 21 |
UAE | Dubai Properties - Dubailand: Serena Casa Dora | Construction | 80 |
UAE | Private Developer - Hotel at Cultural Village (Plot No : P1.E006) | Construction | 12 |
Total | The full value for 62 projects across the Mena region | 10,349 | |
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. |
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