The total value of transport projects competed in the GCC rose by 17 per cent to $34bn in 2018, up from $29.2bn in 2017 as significant projects were commissioned in Saudi Arabia, Oman and the UAE.
Over the two years, Saudi Arabia saw the most transport projects completed. It finished 124 projects. The UAE followed closely with 122.
The most significant project with packages completed over the 2017-18 period was King Abdulaziz International airport’s new terminal, north of Jeddah.
The project includes a new terminal building with 42 departure gates, aircraft hangars, a control tower, a railway station and maintenance facilities.
Saudi Arabia’s General Authority of Civil Aviation (Gaca) plans to ultimately expand King Abdulaziz International airport to increase its annual capacity to 80 million passengers by 2035.
Package 1 of the new terminal had a budget of $4bn, making it the biggest project to be completed in the GCC over the 2017-18 period.
Package 2 had a budget of $3.1bn, making it the second-biggest project.
|The 10 biggest transport projects completed in the GCC in 2017-18|
|Project||Project sponsor||Country||Value ($m)|
|King Abdulaziz International airport: phase 1: new terminal: package 1||Gaca||Saudi Arabia||4,040|
|King Abdulaziz International airport: phase 1: new terminal: package 2||Gaca||Saudi Arabia||3,077|
|Mafraq-Ghuweifat road development (Shaikh Khalifa Road)||Musanada||UAE||2,800|
|Muscat & Salalah International airport expansion: passenger terminal (MC3)||Oman Airports Management Company||Oman||2,000|
|Emirates Roads Masterplan||Musanada||UAE||1,400|
|Expressway programme: new Orbital highway & truck route: contract 2||Ashghal||Qatar||1,400|
|Muscat & Salalah International airport expansion: MC1||Oman Airports Management Company||Oman||1,300|
|Haramain high-speed rail network: phase 1: package 2 (contract 1)||Saudi Railways Organisation||Saudi Arabia||1,287|
|Haramain high-speed rail network: phase 1: package 2 (contract 2)||Saudi Railways Organisation||Saudi Arabia||1,267|
|Minerals railway: package 4||Saudi Railway Company||Saudi Arabia||725|
Source: MEED Projects
The MEED Projects Awards 2019 in association with Mashreq recognise the best projects in the GCC. Reflecting the latest market trends, this year’s awards feature 17 different categories for entries. If you have been involved in a project completed in 2017 or 2018 that you believe deserves to be recognised, you can submit your entry at: MEED Projects Awards 2019.
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