Contract awards 13 October 2010

Biggest contract

$920m: France’s Technip has been awarded a contract to rehabilitate the Algiers refinery by Sonatrach

$1.5bn: Value of major contract awards

4: Number of contracts awarded

For further information visit www.meed.com/contracts

The total value of major projects planned or under way in the Gulf on 13 October was $2.94 trillion, an increase of 0.3 per cent on the previous week according to the latest Gulf Projects Index.

According to the tracker, the bulk of the increase was accounted for by growth in the GCC market, which accounts for about 78 per cent of the Gulf projects market.

Project updates this week
  Project Name Project Status
Saudi Arabia Jubail Metal Alkyls Plant Tender
Kuwait Gathering Centre 16 Construction
Qatar Idd el-Shargi North Dome accommodation platform Tender
Saudi Arabia Ras al-Zour aluminium rolling mill Tender
UAE Sulphur granulation and handling facilities Tender
For further information visit www.meed.com/meedprojects

The index shows the GCC market rising 0.3 per cent to $2.3 trillion on 13 October.

The solid regional growth figures mask significant variations between the individual country markets.

According to MEED Projects, Qatar saw the strongest week-on-week growth with the total value of major projects planned or under way in the state reaching $261bn on 13 October, up 3.6 per cent on the previous week.

A key factor in the growth is Doha’s plan to build or redevelop 12 football stadiums as part of the country’s bid to host the 2022 World Cup.

Upcoming tender deadlines
  Client Contract Submission Date
Qatar Qatar Foundation for Education, Science and Social Development  Headquarters building 17-Oct
Oman Oman Power & Water Company Sur independent power plant 18-Oct
Kuwait Kuwait University Faculty of Arts & Education 24-Oct
Saudi Arabia Saudi Aramco Shaybah co-generation plant  22-Nov
UAE Centre of Waste Management – Abu Dhabi Integrated waste management project 23-Dec
For further information visit www.meed.com/tenders

The addition to the database of a $5bn power plant by Qatar General Electricity & Water Corporation’s (Kahramaa) and a $50m centrifugal air compressor system for the Mesaieed refinery also added to the growth.

Meanwhile, Saudi Arabia, the region’s second biggest projects market, enjoyed a 1.1 per cent rise in the value of projects planned or under way thanks to the introduction of six new projects to the market.

The biggest of these was the $6bn Interior Ministry security compound facility. 

Iraq, the region’s stellar performer over the past year, had a relatively quiet week in terms of projects activity, with flat growth over the week despite the introduction of three new projects to the database.