Agreement signed to develop first bulk cement export silo terminal in Egypt
Egypt-based terminal operator Transcargo International (TCI), a subsidiary of Abu Dhabi Ports Group (ADP), has signed a commercial agreement with Sinai White Portland Cement (SWCC) for the development of Egypt's first bulk cement silos. SWCC, a subsidiary of the world's largest white cement manufacturer, Aalborg Portland Group (controlled by Cementir Holding), operates one of the world's largest white cement plants in the Sinai Peninsula. Under the terms of the agreement, TCI will build and operate cement silos terminal in Arish Port with an annual capacity exceeding 200,000 tonnes for SWCC, facilitating the export of its products across the Mediterranean region and the world. Arish Port bulk terminal project will initially comprise of six cement silos of 10,000 tonnes capacity each totalling 60,000 tonnes with two silos allocated for white Portland cement, and four for grey Portland cement. Arish Port bulk terminal project will initially comprise of six cement silos of 10,000 tonnes capacity each totalling 60,000 tonnes with two silos allocated for white Portland cement, and four for grey Portland cement.
Plans underway to build $500mln synthetic fibers factory in Egypt
Turkish textile manufacturer KSG intends to build a $500 million synthetic fibers factory in the Suez Canal Economic Zone (SCZone). The factory is expected to cut Egypt's annual yarn imports bill by nearly $1 billion. The company is currently completing the procedures for obtaining a 250,000-square-meter plot of land in SCzone to establish the project. The project will produce 500 tons annually of raw yarn in the first phase, to rise to 2,500 tons annually in later stages. The first phase of production would cover a quarter of Egypt's yarn needs within two years as of the start of production.
Partnership agreement signed to establish railway services in UAE
A strategic partnership agreement was signed between Etihad Rail, developer and operator of the UAE National Rail Network, and ADNOC. The agreement aims to establish railway services between Abu Dhabi City and the Al Dhannah region. The agreement was signed at ADNOC Headquarters. The collaboration underscores a commitment to the rail industry, showcasing the vision of Etihad Rail to provide world-class passenger experiences. The collaboration bolsters the UAE's transportation and logistics infrastructure - bringing it to a global standard - in line with the UAE leadership's vision, driving economic development through collaboration between government entities. The partnership with Etihad Rail underscores ADNOC's commitment to supporting sustainable transportation solutions and infrastructure development projects in the UAE. It also highlights ADNOC's drive to explore opportunities to strengthen partnerships and implement solutions and technologies that accelerate efforts to reduce emissions as we work towards the Net Zero by 2045 target. The agreement will also enable the two companies to share knowledge and expertise and explore opportunities to launch dedicated railway services between the cities of Abu Dhabi and Al Dhannah in the Al Dhafra region. Through this partnership, ADNOC will provide the opportunity for its employees to travel between Abu Dhabi and Dhannah via the railway network in the future. It is expected that the partnership will pave the way for new areas of cooperation with other companies to support Etihad Rail's national operations. It will also serve as an important benchmark for other companies exploring opportunities to leverage the success of the National Rail Network, one of the largest and most important infrastructure projects in the UAE.
Agreement signed to build phosphate feed plant in Jordan
Two Jordanian companies and a Saudi firm have signed an agreement to build a phosphate feed additives plant in Jordan at a cost of around 15 million Jordanian dinars ($21 million). The Jordan Phosphate Mines Company will supply phosphoric acid to the plant in the Southern Jordanian port of Aqaba under an agreement it signed with Amman-based Sinokrot Poultry Farms and the Saudi Poultry and Dairy Technology Company. The plant will have an annual capacity of 100,000 tonnes.
MoU extended for development project in Egypt
Egyptian developer Madinet Masr signed an extension to its existing Memorandum of Understanding (MoU) with El Hazek Construction to build the final phase of 'Shalya' project and the company's new headquarters in Taj City. The extension raises the development value of the agreement, signed last year, from 1.5 billion Egyptian pounds ($49 million) to EGP1.7 billion ($55 million). Under the agreement, El Hazek Construction will build and deliver Shalya's final phase within 15 months, and the headquarters within 17 months. Spread over an area of 4 acres, the iconic headquarter building will have a built-up area of 12,000 square metres (sqm) and is expected to cost EGP400 million ($13 million). The second and final phase of Shalya will span 3 acres. The project, which will cost EGP607 million ($20 million), will have a built-up area of 63,000 sqm. The first phase, being built by El Hazek at a total cost of EGP700 million ($23 million), is expected to be delivered by early 2024.
Deal signed for geen hydrogen project in Jordan
Jordan has signed a new agreement with a local company for the construction of a green hydrogen plant with a capacity of 180,000 tonnes per year. The memorandum of understanding was inked with Mass Group Holding in Amman on November 28, 2023. Under the MoU, Mass Group will conduct a feasibility study for the project before the two sides sign a final agreement.
New waterfront neighbourhood launched in Dubai
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has announced the launch of Plagette 32, its latest waterfront neighbourhood featuring an intimate collection of bungalows and villas located within its flagship community Tilal Al Ghaf in Dubai. The Plagette 32 is an exclusive residential neighbourhood consisting of 28 townhome-style Club Villas and four bungalow-style Water Bungalows, thoughtfully decorated by Bergman Design House, a luxury design studio specialising in exquisite interiors across hospitality, commercial, residential, and superyacht sectors. It is the latest in its series of developments in the Mena region, blending luxury with leisure and nature for a truly holistic living experience. The four-bedroom water bungalows are designed as resort villas, with individual living areas, private gardens, large living spaces, and an architectural approach that embraces indoor-outdoor living. Each property will also feature a roof lounge and terrace, with dominating views of the nearby crystal lagoon and the terrain beyond. With an emphasis on sophistication and tranquility, the bungalows' inviting atmospheres, alluring indoor garden courts, and deliberate design elements synergise to create a seamless flow of movement, resulting in a modern urban retreat where luxury and nature coexist in perfect harmony.
Purposefully grounded to blend with the natural topography, the bungalows are further characterised by their versatility, with options to customise amenities like floor and ceiling finishes, kitchens, and landscaping, including the addition of an infinity pool or plunge pool. The 28 vertical Club Villas are uniquely designed with up to five bedrooms spanning three floors, complete with an elevator to allow for easy transport between levels. With a skylight, double volume ceilings, and the option to tailor additional rooms, the Club Villa is an inviting property that boasts an excess of space to accommodate diverse resident preferences and needs. Eco-conscious materials, a light colour palette, and a playful integration of glass and hammered stone create an environment marked by zen, where residents can relax, refresh, and rejuvenate. Perhaps most significant is the ability to transform the entire first floor into a mega master living space, complete with his and hers walk-in closets, a living space, and an outdoor terrace with a large bathroom and secret jacuzzi. In its commitment to deliver unique residential experiences marked by excellent customer experience, Majid Al Futtaim Development will be offering all owners in Plagette 32 a lifetime membership to the exclusive Beach Club, a focal point of the community's lifestyle offerings, operated in partnership with Sunset Hospitality.
New prestigious residential development unveiled in Dubai
Master developer Expo City Dubai has revealed its most prestigious real estate units to date, launching Maha Villas, a limited number of elegant, stand-alone villas with elevated views of Expo Valley's nature reserve. Maha Villas debuts with a collection of top-of-the-range, spacious five-bedroom homes, offering a premium living experience that blends the tranquillity of nature with the convenience of contemporary living. Priced from AED 13 million, each features an expansive plot area, ranging from 7,537 sqft to 13,261 sqft and includes a private swimming pool and underground parking. The development boasts elevated vistas over the stunning nature reserve and offer a vibrant, sophisticated, and seamlessly interconnected lifestyle, marking an important milestone in the city's evolution, continuing to redefine urban sustainable living. The first development in UAE to feature 60 per cent green areas within a community, Expo Valley offers direct access to the nature reserve, lake and wadi, where the sights and sounds of local wildlife will become an integral part of daily life. Residents will also enjoy cycling tracks, walking trails, stables and bridleways, alongside play areas, recreational facilities - including three community clubhouses with gyms - charming cafes and farm-to-table dining, all at the doorstep.
$34.8m contract signed for waste heat recovery project in Saudi Arabia
Riyadh Cement Company has signed a contract for the Waste Heat Recovery Project with Sinoma Energy Conservation Ltd. The value of the contract is $34.8 million. The Project is related to Establishing power generation plant from waste heat with a production capacity of 12.64 MW. The duration of the contract is 20 months.
Plans announced to launch first branded villas in Saudi Arabia
Dar Al Arkan, the leading real estate company in Saudi Arabia, has announced the launch of Etoile by Elie Saab, paving the way for the renowned designer's first branded residence in the kingdom. For the first time in Saudi Arabia, the iconic flair and elegance of Elie Saab can be found in Etoile at Sedra, the first integrated community of its kind in Riyadh. A sanctuary of opulence and tranquillity, Etoile by Elie Saab features homes that emanate luxury, while engraved in tradition. It entails an assortment of three-and four-bedroom villas with the very unique Wadi Villas offering uninterrupted views of the immersive wadis. The monolithic structures with their window boxes done up in ancestral textures and hues, straddle a cosmopolitan lifestyle amidst a serene community. It is signature couture living at its best with warm wood finishes, cool flawless marble and a luxe cream palette offering an atmosphere of pure splendour. From bedrooms boasting spacious walk-in closets and en-suite bathrooms providing the perfect setting to unwind, rejuvenate, and reconnect with the beauty of nature, the design elements of the development seamlessly marry practicality with regal aesthetics. Etoile by Elie Saab offers a truly luxurious experience for those seeking peace and sanctuary in the midst of a bustling environment. The project combines modern and aspirational living with the unique heritage and history of Saudi Arabia with Salmani architecture at its heart. Located north of Riyadh, the world-class community is strategically situated close to the city's prominent destinations with easy access to the main roads. Vast green spaces, parks, sports facilities, community centres, hitech education and medical centres ensure the self-contained community offers a holistic lifestyle to all residents.
$23mln O&M contract inked for sewage network in Saudi Arabia
Alkhorayef Water and Power Technologies Co. (AWPT) has bagged an 87.18 million Saudi riyal ($23.24 million) operation and maintenance (O&M) contract water and sewage networks in the Buraidah region of Saudi Arabia. The contract term is 36 months.
$32mln investment planned for new gold factory in Egypt
Egypt-based precious metals trading company Gold Era is planning to open a new factory to produce alloys and gold artifacts in Cairo at a total investment of one billion Egyptian pounds ($32 million) as part of its plan to expansion and product diversification plans for 2024. The company will invest EGP500 million ($16 million) to develop production capacity in the 50 to 100 kilogrammes per day range for alloys and gold coins, and another EGP 500 million in a new line to produce gold artifacts. The company has an existing production line for ingots and gold coins in various weights and sizes ranging from a quarter of a gram to a kilogramme. The package and products bear the seal of Egyptian Stamp and Scales Authority to ensure the accuracy of weight and carat. In addition, they have a QR code that includes all the product data and ownership sequence to preserve the owner's data in case of loss or theft.
Work progress announced for first industrial zone in Kuwait
Kuwait has completed nearly 80 percent of a project to build its first major industrial zone and it is expected to be operational in the first quarter of 2024. Al-Shadadiya Zone, south of the capital Kuwait City, has an area of around 5 square kilometres and is part of plans to diversify the Gulf state's oil-reliant economy. Nearly 80 percent of the project has been completed. The project is expected to be ready in the first quarter of 2024 to be Kuwait's first integrated industrial zone. The zone will house 1,036 industrial units covering various manufacturing industries.
Plans underway to launch second sustainable ecolodge in Oman
GCC-based luxury ecolodge company ENVI Lodges has signed an agreement with a consortium of Omani investors to develop ENVI Al Sifah, its second property in the Sultanate. The new eco-retreat, nestled on the shores of Al Sifah, follows the company's announcement in October of its debut project in the Sultanate with mountain ecolodge ENVI Al Jabel Al Akhdar. ENVI Al Sifah is set to open in late 2025 and will feature 40 luxury sea-view tents created by Tenthouse Structures.
Construction underway for first green hydrogen ready steel plant in Oman
Construction of Vulcan Green Steel's (VGS) plant - the Sultanate of Oman's first green-hydrogen-ready steel project has commenced. The plant, located in the Duqm Special Economic Zone, aims to be powered entirely using green and renewable energy, and will produce 5 million metric tonnes per annum (5 MTPA) of green steel. The project aims to produce 5 million tonnes of green steel with an investment of up to $3 billions. The significance of this project is paramount as it will produce steel for the automotive sector, electrical tools sector, and also the wind turbine sector. The Authority is currently in discussions with buyers in European and Asian markets. The project will use natural gas in the first phase pending the availability and supply of green hydrogen to the site. Following the first year of the project, the plant will slowly reduce its reliance on natural gas by a rate of 50% until the project becomes green entirely. Scheduled for completion by 2026 and with production starting in 2027, the green steel project of VGS in Duqm will establish a fully integrated green hydrogen-ready steel plant with approximately 85% fewer CO2 emissions than the current global average, before the end of the decade. This project is estimated to achieve a significant 12 million tonnes per annum in CO2 savings.
Construction underway for 300000 new houses in Saudi Arabia
Saudi Arabia has approved the construction of nearly 300,000 houses as part of an ongoing programme to allow most citizens to own property. Nearly 80,000-90,000 units would be completed in 2024 and the rest would be ready by the end of 2025. Work on the projects is already under way. Around 50,000 houses have been constructed and are ready to be distributed.
Lease agreement signed to establish two solar power plants in UAE
UAE-based food and beverages giant Agthia Group announced that it has signed solar lease agreement with Dubai-based distributed solar projects developer Yellow Door Energy (YDE) to establish two solar power plants with capacities of 5 megawatt-peak (MWp). The two solar PV plants will be located at the two production facilities of Agthia subsidiaries Al Ain Water and Al Foah Dates, respectively. The two plants will generate 287,000 megawatt-hours (MWh) of clean energy over their 25-year operating period and reduce CO2 emissions by 124,000 tonnes. The project will offset almost 20 percent of the energy consumptions for the factories every year.
Partnership signed to open workspaces in UAE
Majid Al Futtaim and International Workplace Group (IWG) are partnering to open five modern workspaces under the Regus and Spaces brands in Egypt, Oman, and the United Arab Emirates (UAE). The new workspaces will be opening in Mall of Egypt, City Centre Al Quoz, City Centre Sohar, City Centre Me;aisem, and City Centre Deira and will add almost 7,000 square metres (sqm) of high-quality space across the Middle East and Africa network.
The Spaces centre in Mall of Egypt, which will be the 10th IWG location in Egypt, is scheduled to open in July 2024, and will cover an area of 2,220sqm. Regus Me'aisem at City Centre Me'aisem, spanning an area of 1,877 sqm, is scheduled to open its doors in August 2024 while Regus Deira at City Centre Deira, spanning 1,180sqm, will become operational in August 2024. Scheduled to open January 2024, Regus Qurum at City Centre Qurum in Muscat, Oman will provide 805sqm flexible workplace, while the Regus Sohar at City Centre Sohar, spanning 704sqm, will be the first flexible workspace in that area.
Construction underway for first pilot plant in UAE
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas announced the start of construction of a pilot plant to convert bauxite residue, a waste stream from alumina refining, into manufactured soil. The pilot plant is thought to be the first-of-its-kind in the world. Construction follows five years of scientific research & development by EGA and a consortium of global research partners, which led to a breakthrough in the re-use of one of the aluminium industry’s most challenging waste streams. EGA has spent the last year on detailed engineering work. The pilot plant will use EGA's proprietary technology to neutralise caustic bauxite residue into an environmentally benign raw material in hours, instead of undergoing decades-long, natural processes. This Optimised Bauxite Residue is the main ingredient for the manufactured soil, which EGA calls 'Turba' (the Arabic word for soil). The pilot plant will prove the potential to industrialise EGA's revolutionary process and will give the company the ability to conduct large-scale trials to test plant growth using the manufactured soil. It is expected to be completed during 2024. The pilot plant will be capable of producing up to six tonnes per day of optimised bauxite residue. The plant, which will be located at EGA's site in Al Taweelah in Abu Dhabi, will cover an area of 900 square metres when complete, and will contain 230 tonnes of steel, more than two kilometres of piping, and 10 separate tanks. The heart of the plant, a specialised filtration system, was built in Finland and arrived in the UAE in June.
New beachfront residences unveiled in Ras Al Khaimah
Aldar Properties unveiled Nikki Beach Residences, a new beachfront development on Al Marjan Island, featuring a range of leisure amenities that will revamp beach living in the emirate. Phase One of the project, set for launch on December 5, 2023 will include 357 spacious one- to five-bedroom apartments with large balconies offering panoramic ocean views and mesmerizing sunrises. Serviced apartments are available in both furnished and unfurnished options. The average price for a one-bedroom apartment is AED 2.3 million. The Nikki Beach Residences will bring an unparalleled residential experience to Ras Al Khaimah. It will be developing Nikki Beach Residences in line with the standards of Fitwel, the world's leading healthy building certification, making it the first development to do so in Ras Al Khaimah. The development will also aim to achieve LEED Silver certification.
Deal signed to built residential projects in Saudi Arabia
Saudi-based Retal Urban Development Company has reached an agreement with the National Housing Company (NHC) to jointly develop more than 1,100 residential units in the prime cities of Riyadh and Jeddah at a total investment of SAR925 million ($246.4 million). Under this deal, the duo will develop 366 residences in Zones 1 and 2 of Al Shafa Residential Land located in Riyadh at an estimated cost of SAR290 million. The project, which will come up over a 133,934 sq m area in the Saudi capital, is likely to be completed in 2027. On the South Jeddah project, it will build 803 residential units in the Saudi port city at an estimated cost of SAR635 million. The Jeddah project, which will come up over a 209,483 sq m area, will also be completed in 2027. Both the projects will be funded through self financing, off-plan sales and available facilities. The projects are expected to have a positive impact on the company's results post the start of sale and the project execution.
Plans announced to develop first green hydrogen project in UAE
Abu Dhabi Future Energy Company (Masdar), UAE, announced a groundbreaking partnership with Emirates Steel Arkan, one of the largest publicly listed companies in the iron and steel, building materials, and construction sector in the region. This collaboration aims to develop a pioneering project utilising green hydrogen to reduce carbon emissions in the UAE's energy-intensive steel industry. Marking the first of its kind in the Middle East and North Africa region, this innovative project is currently under construction within the facilities of Emirates Steel Arkan in Abu Dhabi's industrial city. Equipped with electrolyzers, the project will produce green iron, a highly sought-after product by global steel companies striving to achieve net-zero emission targets. Scheduled to commence operations in early 2024, the facility will replace natural gas with green hydrogen for iron ore reduction, a critical step in the iron production process. This transition will not only contribute to emission reduction but also enhance the UAE's steel sector's competitiveness in the global market.
New reisdential project launched in Egypt
HDP has announced the launch of its new project, 'Talda', in New Cairo. This project is part of the company's expansion strategy, which aims to provide a distinctive and sustainable residential and investment experience for its clients. The launch of projects like Talda reflects the company's success in implementing its ambitious expansion strategy, which is driven by the trust of clients in the Housing and Development Bank. The Talda project in New Cairo is designed to provide a unique and sustainable residential and investment experience, with modern architectural designs that align with contemporary urban developments and the latest global technologies in urban development. the project's unique features, which combine expertise in urban development with modern technology to deliver exceptional real estate products in the local and regional markets.
The Talda project, located in 11`, covers an area of 30 acres and includes a variety of residential units at competitive prices. The project offers different options, including twin houses and apartments, providing customers with a range of choices to suit their needs and preferences. Talda also features a wide range of distinguished services, meticulously planned to meet modern infrastructure standards, including a comprehensive service complex offering various social, recreational, and commercial activities.
New road projects approved in Iraq
Iraq has approved 20 additional projects to expand existing streets and construct new roads as part of a 60-project scheme intended to ease bottlenecks in the capital Baghdad. The 20 projects include the construction of new roads and bridges over Tigris River and they would be launched in early 2024.
Plans underway for solar panel installation in Dubai
Dubai's Roads and Transport Authority (RTA) has commenced installation of solar panels at the Dubai Metro depots at Jebel Ali and Al Qusais as well as the tram depot at Al Sufouh. The project is expected to be completed by the first quarter of 2024 and will produce a total of 9.959 megawatts of solar power. The initiative is part of the Dubai government's Shams Dubai initiative and the Dubai Clean Energy Strategy, as well as RTA's long-term strategy aimed at reaching net-zero emissions by 2050 by focusing on three primary sectors: public transportation, buildings and related facilities, and waste management.
The installation of solar panels covers two primary phases. The initial phase is the mechanical setup, during which the supporting structures are erected and the photovoltaic (PV) panels are mounted. The second phase involves the electrical setup, which includes laying out the wiring and establishing connections for the solar energy system. RTA is expected to achieve a total saving of carbon dioxide emissions amounting to 3.962 tons annually. The total solar energy production amounts to 3.165MW at Jebel Ali Metro Depot, 3.804MW at Al Qusais Metro Depot, and 2.990MW at Al Sufouh Tram Depot.
Project updates for tourism and hospitality developments in Sharjah
Sharjah Investment and Development Authority (Shurooq) announced that steady progress was being made on its tourism and hospitality developments including the Kalba Beach, Kingfisher Retreat and Nomad projects undertaken by the Authority in Kalba region. Each of these projects is a testament to the group's dedication to elevating the eastern region into a premier investment and tourism destination. The Kalba Beach's construction processes will exclusively involve environmentally friendly materials, with work set to commence in Q1 2024 and handed over in the third quarter of 2025. Spanning an impressive 9.5 km, the beach is situated in the eastern region of Sharjah. The project's aspiration to become a premier tourist destination in the eastern region, boasting an array of restaurants, cafes, kiosks, and a diverse range of service and entertainment facilities for beach-goers. A dedicated play area for children will also be featured. Kalba Beach is steadfast in adhering to the rigorous standards of the Blue Flag global programme, ensuring services meet stringent safety criteria.
Kingfisher Retreat the expansion work will be completed in December 2023. Situated approximately 30 metres from the beach in Kalba City, the retreat will serve as an entrance to environmental reserves. Twenty luxury tents have been added to the project, bringing the total number of luxury tents to 40. These tents have roofs consisting of three layers of heat-insulating material and are equipped with low-impact lighting to preserve the natural wildlife in the reserve.
Nomad will be fully handed over in the last quarter of 2024. The project comprises 20 trailers equipped with all amenities, designed to adapt to various weather conditions and terrains, whether smooth or rugged. Located near the Kalba reserve, the project aims to harmonise with the surrounding natural beauty.
Partnership signed to built solar power plant in Umm Al Quwain
The UAE's private utility company Utico has partnered with sustainable energy developer Yellow Door Energy (YDE) to develop a solar plant and a battery energy storage system in Umm Al Quwain, which will generate 4,700 megawatt-hours of clean energy annually. The companies signed a Memorandum of Understanding (MoU), they announced the solar plant will remove 82,000 metric tonnes of carbon dioxide equivalent from the environment during the system's lifetime. The solar power plant announcement comes close on the heels of Utico partnering with Shandong Tianyi Chemical Corporation of China for a circular economy project to extract industrial chemicals from brine, a first of its kind in the GCC in recycling waste seawater from desalination plants.
Agreement signed for consulting services for seawater desalination project in Egypt
The General Authority for the Suez Canal Economic Zone (SCZone) and the European Bank for Reconstruction and Development (EBRD) signed a consulting services agreement for a seawater desalination project in Ain Sokhna. The project's first phase will see the design, construction, management, maintenance, and operation of a water desalination station with a daily production capacity ranging between 200,000 and 300,000 cubic meters. The agreement also includes conducting the necessary legal, technical, and environmental studies to implement the project by specialized consultants, with the EBRD undertaking the process of selecting them.
Letter of intent received for a mega offshore project in Saudi Arabia
The Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for mega Offshore order from a prestigious client in the Middle East. The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.
Bids invited for stalled housing projects in Iraq
Iraq has invited investors to complete a major housing project in the capital Baghdad after it was stalled for nearly 8 years due to a rift with the contractor. The cabinet gave the green light to the Construction and Housing Ministry to award Al-Amiriya housing complex to another developer after the failure of the contractor to pursue the project. The project, which comprises nearly 1,900 units, would be awarded to 'serious' developers on an investment basis, the Ministry has ended the contract with the first developer.
$50mln contract awarded for maintenance of roads in Kuwait
Kuwaiti-based Combined Group Contracting Company has won a contract for the maintenance of roads and other infrastructure facilities in Kuwait. The contract has a value of around 15.2 million Kuwaiti dinars ($50 million) and includes infrastructure maintenance services in Qurtuba district in the capital Kuwait City. The project, awarded by the Public Works Ministry, will be completed with 1,095 days.
Deal signed for the construction of a petrochemical plant in Iraq
Iraq has been locked in negotiations with Shell for a final agreement on the construction of an $8.5 billion Nibras petrochemical plant. Baghdad is pushing ahead with the much-delayed project for which his ministry has assured gas supplies. There has been talks with the partners with the aim of 'reaching a final formula' to launch the project. Shell owns 49 percent of Nibras while the remaining 51 percent is shared equally between Iraq's Oil and Industry Ministries. In early 2023 the project in South Iraq, with a capacity of 1.8 million tonnes per year, would be completed within 4-5 years and would fetch Iraq nearly $90 billion during its 35-year operational period.
New CO2 emission steel plant to be established in Oman
In a strategic alliance with the Sultanate of Oman, Vulcan Green Steel (VGS), part of the Jindal Steel Group, is embarking on an ambitious journey to establish a groundbreaking low CO2 emission steel project within the Duqm Special Economic Zone. Using a combination of natural gas and renewable electricity, this venture promises to revolutionize sustainable steel production not only in Oman but also on a global scale. VGS has secured a 30-year land lease agreement with the Public Authority for Special Economic Zones and Free Zones (OPAZ) to develop and operate a state-of-the-art integrated steel mill complex on a sprawling 2-million m2 site at the Port of Duqm. This complex serves as a testament to VGS's commitment to decarbonizing a traditionally carbon-intensive industry. It adopts a comprehensive approach, intending to harness green electricity and green hydrogen throughout the supply chain, resulting in an impressive 85% reduction in carbon emissions compared to conventional steel production, which emits up to 2 tonnes of CO2 per tonne of steel.
Beyond the significant economic and environmental advantages this landmark undertaking presents, the integrated steel complex will play a pivotal role in generating both direct and indirect employment opportunities during construction and operation. At its peak construction phase, more than 8,000 workers will be engaged on-site, underscoring the magnitude of this endeavour. When operational, VGS is poised to attract local and international investments into a thriving downstream industry, driven by the availability of high-quality, yet cost-competitive, green steel products in Duqm. Potential investors in this sector include industry leaders in electric vehicle (EV) manufacturing, wind energy, and white goods, while small and medium-sized enterprises (SMEs) in the Duqm area are anticipated to benefit from numerous business opportunities.
Sustainability lies at the heart of VGS's Duqm investment, not only through its use of zero-carbon energy resources but also by maximizing the creation of value for Oman and its local economy as per Oman Vision 2040. As a world-renowned producer of steel, VGS is another venture by the Jindal Steel Group to expedite Oman's economic diversification strategy. The company is also committed to promoting localization, fostering In-Country Value (ICV), nurturing the skills of young Omanis, and nurturing a novel industrial ecosystem centered around sustainable steel production. In essence, the collaboration between VGS and the Omani government aligns seamlessly with Oman Vision 2040, the nation's visionary roadmap for a diversified, sustainable, and economically thriving future. This partnership represents a paradigm shift in industrial investment in Oman, built on the pillars of technological innovation, economic diversification, and unwavering sustainability principles.
Agreement signed to establish logistics park in Saudi Arabia
Saudi Logistics Services (SAL) has signed a contract with Saudi Ports Authority (Mawani) to establish a logistics park at Jeddah Islamic Port, to build a logistics park at Jeddah port on a total area of 54,000 sq m as part of its efforts to enhance the kingdom's sea and air connectivity. This agreement is aligned with SAL's vision in becoming the logistics champion for a globally connected Saudi Arabia as well as the company's strategy to expand its offerings across the logistics sector.
With cargo handling and logistics solutions, this new facility will help SAL penetrate the fulfillment industry at large cementing its role as the National Logistics Champion. This also comes as part of Mawani's efforts to achieve its strategic objectives by offering investment opportunities for the private sector, and developing sustainable capacities that suit the needs of partners; and raising level of local and regional transport, distribution and storage operations; and increasing the number of logistics service centers for re-export to 30 centers by 2030, in line with the targets of Saudi National Strategy for Transport and Logistics Services reinforcing the Kingdom's position as a global logistics center, and a hub connecting three continents.
$233mln new residential complex to be built in Dubai
Dubai-listed Kuwaiti firm, International Financial Advisors Company (IFA), has confirmed plans by a subsidiary to develop a property in the UAE worth AED858 million ($233.6 million). The project, a residential complex, is being planned by a 'joint-venture company' owned by the Dubai-based unit of IFA Hotels and Resorts. The JV has already issued a binding 'declaration of interest' to build a new residential complex in Dubai. IFA did not identify the JV company or disclose further details, including the scope of the project.
€9bln agreement signed for to develop green ammonia project in Jordan
A consortium of Amarenco and H2 Global Energy have signed an agreement with Jordan's Ministry of Energy and Mineral Resources to develop a €9 billion green ammonia project. The facility, upon completion, will produce one million metric tonnes of green ammonia annually using 4.5 gigawatts (GW) of renewable energy.
MoU signed to develop hydrogen fueling stations for trains in Saudi Arabia
Air Products Qudra and Saudi Arabia Railways (SAR) have signed of a Memorandum of Understanding (MoU) to collaborate on opportunities to build, own and operate (BOO) hydrogen fueling stations for trains in Saudi Arabia in support of Saudi Green Initiative and Vision 2030. The MoU establishes an framework for future collaboration between the parties, whereby Air Products Qudra would build multiple hydrogen train fueling stations on a BOO basis for SAR along established Riyadh - Al Kharj; Dammam – Jubail; and Ras Al Khair – Jubail, train routes. Hydrogen is essential to the energy transition and is playing a crucial role in creating low carbon, sustainable transportation.
Partnership announced for the construction of an international school in Sharjah
Arada has announced a partnership with Innoventures Education, the UAE's leading private education company, which will see the opening of a premium new K-12 international school at the Aljada megaproject in Sharjah. Construction is scheduled to begin in 2024 and it is set to welcome its first pupils at the start of the 2026-2027 academic year. With capacity for 2,000 pupils, the school will prepare students for success using the American and IB curricula, providing an exceptional standard of education in an Emirate that is already well-known for the quality and excellence of its academic institutions.
Based in the fast-growing Aljada community, the school will be Innoventures Education's first in Sharjah. Planned on a 480,000 sq ft plot in the north-west of the megaproject, it is located in close proximity to residential communities.
World-class facilities at the school will include two swimming pools, an athletic track and pit, basketball and tennis courts, climate-controlled gymnasiums and a full-size football pitch. Pupils will also be able to take advantage of vibrant outdoor learning spaces, a library, labs for science, design and technology, studios for visual and performing arts, media and recording lab, rooms for Arabic and Islamic studies and an auditorium.
The Innoventures Education school will be the second of three schools in Aljada. Demand for private schools in Sharjah is driven by growing income levels, a large expatriate population, and increased uptake in demand from the Emirati population, according to L.E.K Consulting, a leading global strategy consulting firm.
$1.3bn contract awarded for fabrication and installation of jackets in Saudi Arabia
Abu Dhabi-based National Marine Dredging Company has announced that its key unit National Petroleum Construction Company (NPCC) has secured a $1.3 billion contract from Saudi oil giant Aramco for two key projects as part of the Arab Medium (AM) facilities upgrade scheme. The project scope includes fabrication and installation of 11 slipover production decks modules and nine structural jackets in addition to installation of eight subsea pipelines with approximate length of 23 km. The order also includes 22 units of 15 kV subsea cables with a total length of 115 km.
$72.8m contract awarded for construction of prefabricated buildings in Saudi Arabia
Ladun Investment Co., Saudi Arabia announced that one of its subsidiaries 'Built Industrial Company' has awarded two Projects with Jazan City for Basic and Downstream Industries - Royal Commission for Jubail & Yanbu. The first contract is related to construction of prefabricated buildings for industries. The value of the contract is SAR 169.5 million.
Ground broken for logistics park in Saudi Arabia
Saudi Ports Authority (MAWANI) and CMA CGM Group have broken ground on a 487 million Saudi riyals ($129.85 million) integrated logistics park in Jeddah Islamic Port. The new logistics zone will span over 130,000 square metres. Construction and infrastructure work start in the first quarter of 2025. The logistics park includes an integrated export centre, smart warehouses, cold storage services, and multimodal transportation services.
New waterfront development project unveiled in Dubai
Nakheel has joined hands with Excelsior Real Estate for the launch of the second phase of its recently unveiled waterfront development - Rixos Dubai Islands, Hotel & Residences - the first luxury hotel and residential offering on Dubai Islands. The Phase II inventory of Rixos Dubai Islands, Hotel & Residences offers 331 residences with a mix of one- to three-bedroom units, four-bedroom duplexes as well as beach houses with large terraces as well as beach houses with gardens. Ranging from 93 sq m to 876 sq m, the apartments feature spacious floorplans, built in kitchens, large terraces with panoramic views overlooking the beach and seamless indoor-outdoor connectivity.
The units have been carefully constructed and are positioned at optimum angles to provide a full panorama to residents of the natural settings of the development. Apartments with high-ceilings and full-height glazing provide maximum natural light and ventilation into the interiors. Future residents can look forward to a range of amenities including adult and kids' pool, podium gardens, beach level snack bar and kids' play area.
First sustainable community launched in Ras Al Khaimah
Ras Al Khaimah Municipality announced the launch of the emirate's first sustainable community, Awafi Sustainable District, designed with the standards of Rafah guidelines. These guidelines have been developed in partnership with the Public Services Department and the Environment Protection and Development Authority. Currently, the community, located in the Awafi area, has 190 private residential plots and more than 13,000 square metres (sqm) of gardens and open spaces, with an additional 28,000 sqm of commercial service facilities.
Planned facilities include an exclusive community park with a play area, swimming pool and fitness corner, retail shops, mosques, a community farm and children's nursery, a dedicated footpath, and cycleways with storage facilities, landscaped public areas and sikkas, LED street-lit roads, shade structures and jogging tracks, parking for people of determination, Electric Vehicle charging points, communal waste collection points and recycling hubs. Through this project, Ras Al Khaimah aims to cultivate an attractive and environment-friendly community for residents by promoting increased use of outdoor spaces, healthy mobility, lower consumption of energy and water, and reduction of waste.
Contract signed for 110kV cable project in Saudi Arabia
Elsewedy Electric KSA has signed a contract with the Saudi Electricity Company (SEC) for a new turnkey underground cabling project - The interconnection of the new 110/13.8kV substation (Qandeel BSP) with the 110kV network in Makkah. This project is part of the reinforcement program for big cities, covering a route length of 8km x 2, supplying 48km of 110kV HV cables. The project's duration is 16 months, with a total value of SR 58,862,480 and its scope of work includes the design, supply, installation, testing, and commissioning of two 110kV underground cable circuits, along with all other necessary accessories along the proposed route.
Plans announced for massive waterworld expansion in Abu Dhabi
Miral, Abu Dhabi's leading creator of immersive destinations and experiences, announced on Wednesday a 16,900m2 expansion to Yas Island's Yas Waterworld. Construction for the expansion is expected to be completed in 2025. The expansion will see the addition of 3.3km of slide sections and is expected to grow visitor capacity by 20% through the addition of 18 new rides and attractions, taking the park total to more than 60 rides and experiences. Once open, water park will include the UAE's highest slide, as well as the GCC's first amusement ride in a water park that is integrated within a waterslide complex. Features of the new expansion includes a swim up bar, a high-thrill boat ride, racing and tube slides, family raft rides, and a duelling master blaster. The expansion caters for mini thrill seekers as well by providing smaller-scaled versions of Yas Waterworld's most iconic rides.
Plans underway to build $950 million Engineering facility in UAE
Emirates, announced a massive US$950 million investment to build a new ultra-modern engineering facility at Dubai World Central (DWC). Spread over 1 million square metres, the engineering complex will be the largest and most advanced of its kind to be operated by any airline, adding a boost to Dubai's world-class aviation infrastructure. Purpose-built to support Emirates' aircraft fleet and operating requirements into the 2040s, the facility will also be a centre of excellence for commercial aviation engineering services in the Middle East, with spare capacity potentially offered to other airline operators. This significant investment signals the confidence in the future growth of Emirates and the aviation sector. The new facility will enable Emirates to be entirely self-sufficient when it comes to maintenance, repairs, overhaul (MRO) and all engineering requirements for our aircraft fleet. With the projected growth of the region's aviation sector, Emirates' new engineering facility will also play a key role as a centre of excellence, attracting the involvement of global players across the aviation supply chain. It will ll create thousands of skilled technical jobs and add value to Dubai's economy. The new engineering facility will be equipped to handle the full gamut of specialist aircraft engineering services - from routine aircraft checks to bespoke paint jobs, light to heavy maintenance programmes, engine repair and testing, to full cabin interior fit-outs and aircraft conversions. Construction work on Phase 1 is expected to begin in 2024 and be completed in 2027. Provisions have been made for further expansion, potentially doubling the capacity in Phase 2, in line with Emirates' fleet growth and operational requirements. The new Emirates Engineering complex will also incorporate sustainability into its design, including the use of green build materials throughout the complex; the installation of solar panels on roofs across the entire campus; and the set-up of recycling systems for oils and wastewater. Phase 1 of the project will deliver 8 maintenance hangars and 1 paint hangar - all capable of handling any size of commercial aircraft up to Code F (A380), an engine run-up facility, some 20 support workshops, massive storage facilities, and administration offices. The existing Emirates Engineering Centre at Dubai International (DXB) will continue to support the airline's operations, with the new complex at DWC initially handling spillover work and heavy maintenance programmes with longer aircraft ground time.
Contract awarded for development of master plan of a spaceport in Oman
In a major development for the future of space exploration in the Middle East, the National Aerospace Services Company (NASCOM) of Oman has awarded the first major contract for its Etlaq Spaceport in Duqm, to UK Launch Services Ltd (UK LSL). The award was formalized at a signing ceremony held recently at the British Embassy in Muscat. UK LSL will be responsible for designing the official master plan for the Etlaq spaceport, which is projected to be one of the most advanced spaceports in the world. NASCOM has been meticulously laying the groundwork for this innovative spaceport over the past six months, engaging with both local and international stakeholders to set the stage for a project of unparalleled significance. The Etlaq spaceport is an ambitious and visionary project that promises to make a significant mark on the global space industry. It is located in the Wilayat of Duqm on Oman's southeast coast, and is ideally positioned for a variety of space launch missions. The spaceport will also feature a range of state-of-the-art facilities and services, including a launch pad, assembly and testing facilities, and a mission control center. NASCOM believes that the Etlaq spaceport will play a vital role in promoting the development of the space industry in Oman and the wider Middle East region. The spaceport will also serve as a major hub for international space exploration, attracting companies and organizations from around the world.
In addition to the engineering consultancy contract, NASCOM has also been able to secure seed funding for the Etlaq spaceport project from key institutional investors within the Sultanate of Oman. This is a significant milestone for NASCOM, and it demonstrates the strong support for the project from both the public and private sectors.
NASCOM aims to begin breaking ground at the Etlaq spaceport site by the beginning of the second quarter of 2024, as part of a 24-month development plan for the first phase of the project. The company believes that the spaceport will be operational by 2026, and that it will play a major role in the future of space exploration.
The Etlaq spaceport is a truly groundbreaking project, and it is one that has the potential to transform the global space industry. NASCOM and UK LSL are committed to making the Etlaq spaceport a success, and they are confident that it will play a vital role in the future of space exploration.
The award comes on the heels of Monday’s announcement of the successful launch of Oman’s first satellite, Aman-1, on board Falcon 9, a first-ever orbital class rocket capable of reflight. The landmark achievement, spearheaded by ETCO Space, an Oman-based emerging technology innovator, supported by SpaceX: an American aerospace manufacturer and space transport services company; SatRev: Polish nanosatellite manufacturer and operator and TUATARA: specialists in advanced Artificial Intelligence (AI), data analytics and cognitive technology solutions.
MOU signed to provide expertise on development projects in Saudi Arabia
At the Dubai Airshow, NERA, a subsidiary of Saudi Air Navigation Services (SANS), has signed a Memorandum of Understanding (MoU) with the international engineering firm, Egis. Egis will provide specialized expertise and know-how in Air Traffic Management (ATM), airport development, design, operation, and maintenance in the Middle East as well as around the world. Following the signing of the MoU, Egis and NERA will work together to develop a list of projects on which they may collaborate.
Tender to be issued for petroleum products storage in Kuwait
Kuwait intends to issue tenders for the construction of petroleum products storage facilities at a cost of more than $3 billion. The Central Agency for Public Tenders has approved a request by state oil operator Kuwait Petroleum Corporation (KPC) to invite bids for the project comprising storage tanks and construction of pipelines from Al-Ahmadi and Shuaiba refineries. KPC will meet interested contractors on 17 December, 2023 to present details of the project, which will be completed within 44 months, preliminary designs have been completed and KPC has set a budget of 1-1.2 billion Kuwaiti dinars ($3.3-3.9 billion) for the project.
Bidding process progresses for expansion of major oil asset in UAE
Abu Dhabi National Oil Company (Adnoc) has fired up the bid process for a major engineering, procurement and construction contract, centred on the expansion of a major oil asset in the United Arab Emirates. The turnkey bid process forms part of Adnoc's P5 production enhancement plan - aimed at increasing Abu Dhabi's crude oil production to 5 million barrels per day by 2027.
RFQ Proposals invited for fifth round of solar projects in Saudi Arabia
The Saudi Power Procurement Company (SPPC) has released request for qualification (RFQ) for the fifth round of solar projects under the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy. The combined capacity of Round 5 projects is approximately 3700 MW; the projects are as follows:
- The (2000) MWac Al Sadawi IPP to be located in the Eastern province, KSA.
- The (1000) MWac Al Masa'a IPP to be located in the Hail province, KSA.
- The (400) MWac Al Henakiyah 2 IPP to be located in Madinah province, KSA.
- The (300) MWac Rabigh 2 IPP to be located in the Makkah Province, KSA.
These projects are part of NREP, which aims to achieve the optimal energy mix, displacing liquid fuels in the Kingdom's power sector and supply 50% of its electricity from renewable energy by 2030. SPPC is responsible for the predevelopment, tendering, and subsequently offtaking the Energy from the projects. To date, SPPC has awarded over 12.6 GW of renewable energy capacity under NREP. Bidders needs to respond RFQ by 05 December 2023.
SAR 50mln EPC Contract awarded for pipeline construction in Saudi Arabia
Gas Arabian Services Co. Saudi Arabia announced the awarding of the contract with Advanced Petrochemical Company (Advanced). The Project involves Engineering, Procurement & Construction contract to construct pipeline from Advanced Company to gaseous stream to Jubail United Company (UNITED), an affiliated company of SABIC. The value of the contract is SAR 50.9 million. The duration of the contract is 14 Months.
$117m contract awarded to manufacture & supply steel pipes in Saudi Arabia
Saudi-based East Pipes Integrated Company for Industry has secured a contract worth SAR440 million ($117.2 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom. It presently offers helical submerged arc welded (HSAW) pipes, used in transport, water, oil and gas and other sectors, to customers worldwide. The entire contract work will be completed within a 13-month period. The financial impact of the contract will be reflected in second and third quarters of financial year 2024/2025.
MoC signed to develop carbon capture, utilization and storage and blue hydrogen in Oman
The Ministry of Energy and Minerals, Oman signed a Memorandum of Cooperation (MoC) in the field of Carbon Capture, Utilization and Storage (CCUS) and blue hydrogen development in the Sultanate of Oman. The MoC was signed with Petroleum Development Oman (PDO), Oman Shell, OQGN, and Oxy. The MoC aims to form an expertise house that contributes to the development of the regulatory and strategic framework in this field. The MoC comes as part of the government-led initiatives focused on carbon capture technologies and blue hydrogen production to achieve Oman's energy transition strategy for Energy transition, and the Sultanate of Oman's announcement of achieving net zero by 2050. The CCUS technology presents promising solutions to reduce carbon emissions and achieve Net Zero, particularly in the oil and gas production sectors, industries, and fossil fuel-based power plants.
The Sultanate of Oman's National Strategy for an orderly transition to Net Zero has indicated that CCUS will contribute to a significant reduction (approximately 15%) in domestic emissions, thereby facilitating Oman's journey toward Net Zero by 2050.
Design unveiled for sustainable project in Dubai
Japanese design firm Nikken Sekkei has unveiled the design of Midori Park in Jumeirah Village Circle (JVC) at the ongoing Dubai Design Week. Qube Development is the developer of the mixed-use project, with a focus on sustainability and well-being through biophilic design. The signature cascading design of overhanging eaves, shading elements, and vibrant greenery are deployed throughout the complex.
$161mln investment underway for hotel projects in Egypt
Abu Dhabi Tourism Investment Company (ADTIC), majority-owned by the UAE-based Abu Dhabi Development Fund (ADFD), is investing $161 million in hotel projects in Egypt. The projects include the renovation of existing properties. The company has allocated around $81 million to renovate two hotels in Sharm El Sheikh and Hurghada. A Mövenpick Hotel in Sharm El Sheikh is being renovated at a cost of approximately $41 million. The project is expected to be completed by the end of December 2024. The renovated hotel will feature a total of 298 rooms. Plans are also underway for the expansion of another hotel in Sharm El Sheikh following the completion of its ongoing renovation. The expansion phase will include the addition of 120 rooms. In Hurghada, the company is investing around $40 million to renovate a hotel, which will likely be rebranded as Mövenpick. The renovation works are in progress, and the hotel is slated to commence operations in early April 2024. It will offer approximately 469 rooms. In Hurghada, ADTIC is also studying the development of a hotel on adjacent land, with a decision expected by the end of the next quarter. ADTIC has finalised plans to re-develop a hotel with views of the Giza Pyramids and the Grand Egyptian Museum at a total investment of $80 million. A British company is redesigning the five-star hotel. Construction is scheduled to start in April 2024, and the hotel is expected to open in August 2026. Accor will operate the hotel under the Sofitel brand. The tourist hotel will be executed in partnership with another entity. ADTIC is appointing a consultant to develop a strategic investment plan for the next five years. The company plans to add new hotels in emerging tourist destinations like Aswan, Marsa Alam, the North Coast, the New Administrative Capital, New Cairo and Downtown Cairo. Additionally, ADTIC will also evaluate acquisitions of restaurants and hospitality companies.
Plans underway to build 30 train stations in Iraq
Iraq is planning to build 30 train stations for passengers and freight as part of a $17-billion project involving the construction of one of the Middle East's longest rail lines. The cabinet has approved the path of the 1,200-km rail and a parallel motorway stretching from the Southern Faw Port to the northern Border with Turkey. Almost 50 percent of the rail and motorway designs have been completed. The project also includes the construction of 15 train stations for passengers and 15 others for freight in the 11 governorates through which the train and motorway pass.
Construction underway for first phase of documenting buildings in Saudi Arabia
The Riyadh Region Municipality has announced the completion of the first phase of inventorying and documenting buildings of the second half of the 20th century (1950-2000) in the Saudi capital. The project aims to monitor and document the stages of the architectural and urban development in Riyadh, as well as to highlight the distinct development renaissance that Riyadh witnessed in that era. The municipality has completed about 50% from the project's stages that shed light on the impact role of Custodian of the Two Holy Mosque King Salman during his tenure as the Emir of the Riyadh region. It has also inventoried the most important urban landmark historical value, and the cultural and social dimensions, leading to finding a mechanism to preserve and invest in these landmarks, in line with the objectives of Saudi Arabia's Vision 2030 to preserve the heritage of the Kingdom. The project monitored prominent and historically influential landmarks that included ancient neighborhoods, royal palaces and buildings. The Riyadh region municipality is also working on documenting the era extending from 1950 to 2000, through highlighting the developmental role of buildings and architectural and urban landmarks, as well as highlighting their importance and historical value. The project will work on preserving the urban landmark with the cultural and historical values they contain, in addition to consolidating the architectural styles of buildings during the second half of the 20th century. This will also facilitate the process of rehabilitating, restoring, reactivating and investing them, in addition to providing a database that preserves and documents that era and paves the way for the following eras.
Construction underway for Express Cargo Village in Bahrain
Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), has announced that work is in full swing at its Express Cargo Village with nearly 44% of the project already completed. Located north of the airport's runway, the Express Cargo Village project consists of warehouses, aprons, and infrastructure capable of handling the expected growth in air freight and e-commerce. It will have designated buildings that will serve each cargo operator in line with the highest international standards. Spread over a 25,000 sq m area of 10 modular warehouses, and supported by 19 units, with the distinct handling of around 1.3 million tonnes at full capacity, the Express Cargo Village at Bahrain International Airport is poised to be an advanced logistics hub. The Express Cargo Village project is aimed at enhancing the growth of the logistics industry and boosting its regional competitiveness and ability to attract investment. With logistics as one of the high-priority sectors outlined in Bahrain's Economic Vision 2030, this project will vastly help increase BIA's cargo capacity in line with the highest standards as it will deploy advanced technologies to improve efficiency and meet growth targets for air freight and e-commerce opportunities. The Phase 1A, spanning 58,280 sq m area, will comprise 59% of the total development area of the Express Cargo Village. According to BAC, the Express Cargo Village comes in line with Bahrain's Economic Vision 2030 and the national strategy for the logistics industry as laid out in its Economic Recovery Plan, which implements the Kingdom's vision. With the aim of promoting for the kingdom a preferred destination for cargo and e-commerce, Express Cargo Village is designed with high capacity and improved effectiveness to enable handling air freight with high efficiency and smooth movement of products, supported by Customs supervision and Support Office and truck parking space.
2MWp rooftop solar plant contract awarded in Egypt
EGX-listed SODIC has awarded a 2-megawatt peak (MWp) rooftop solar power project for its VYE project in West Cairo. The project, which will see the installation of 400 photovoltaic panels, was awarded to Electro-Mechanical for Energy (EME). SODIC has claimed that the project is the largest residential rooftop solar project in Africa and the second largest in the Middle East. The project will result in annual savings of 3.5GWh of electricity and a reduction of 1,600 tonnes of CO2 emissions. The VYE project is the company's second project with SODIC and EME. VYE is the is the first of three neighbourhoods planned within the 464-Acre master development in New Zayed.
$20.2m contracts awarded to establish solar energy & housing units in Oman
A'Sharqiyah University, Oman signed two agreements with private sector establishments to provide solar energy and establish student housing units to the tune of RO 7.8 million. The first agreement deals with designing, exporting, installing and connecting a solar energy plant with a capacity of 980 kilowatts. The total cost of this project is estimated at RO 350,000. It is expected to contribute to reducing carbon emissions by 1818 tons. The second agreement, worth RO 7.5 million, is regarding the establishment of 4 student housing units with 132 rooms in each unit. The total capacity of the units will exceed 1,600 students.
Contract awarded for new automobile plant in Saudi Arabia
South Korea's Heerim Architects & Planners has secured the architectural design contract for Hyundai Motor Co.'s new automobile assembly plant in Saudi Arabia. The project, a joint venture with Saudi's Public Investment Fund, is set to be located in the King Abdullah Economic City, positioned 100 km north of Jeddah. This facility marks Hyundai's first manufacturing foothold in the Middle East, with plans to produce 50,000 vehicles annually. The latest contract enables Heerim to add another Hyundai plant to its portfolio, following the Genesis factory in Ulsan.
$139m cement production line will be built in Iraq
The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. The new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 months, at a cost of $139 million.
295 new waterfront residences unveiled in Dubai
Leading developers Dutco and Ellington have announced the launch of a new waterfront project - One River Point - at Business Bay in Dubai, that houses a collection of 295 residences with a mix of studios, one-, two-, and three-bedroom apartments and penthouses. This comes on the back of the strategic alliance announced earlier this year to develop several premium residential developments in major communities extending well beyond Dubai and the UAE. Set for completion in the second quarter of 2027, One River Point promises to be a jewel in the heart of the thriving Business Bay neighborhood offering its residents a truly unparalleled living experience. Built on the foundation of contemporary aesthetics and cutting-edge technology, the development will house a collection of 295 design-led studios, one-, two-, and three-bedroom apartments, three, and four-bedroom penthouses in addition to exclusive four-bedroom duplexes equipped with private pools. Beyond exceptional living spaces, One River Point offers a host of key amenities catering to the wellness-oriented and sophisticated lifestyle of its residents. Apart from two resort-style infinity pools and a dedicated children's pool, the building will also feature a fitness studio with provision for adult climbing as well as a yoga studio with a virtual trainer on the projector screen. Moreover, residents will also have access to an immersive experience room with a full projector screen, outdoor and indoor kids' play areas, a pets' wash and play area, open terraces. All residences will boast panoramic vistas of iconic Dubai landmarks, such as the Dubai Water Canal, Burj Khalifa, and Burj Al Arab. One River Point with its magnificent inventory and distinctive amenities will receive a strong response from both our current and prospective audiences. The launch of One River Point marks a significant step forward in our expansion plan under the Dutco Ellington brand.
SAR 43.9 mln contract signed for construction of administrative buildings in Saudi Arabia
Red Sea International Co. signed a contract worth SAR 43.9 million (VAT exclusive) with Mubarak Marei Al Saloumi Contracting Co., to construct administrative buildings for the Amiral project in Jubail. The contract includes high-spec manufacture, supply and installation of prefabricated buildings, including office units and the project support buildings, within the construction framework of Amiral Complex, a future petrochemical expansion facility at the SATORP refinery. The five-month contract will be effective as of the date of the executive drawing's approval. A positive financial impact is expected to reflect starting from the fourth quarter of 2023, there are no related parties to the deal.
Multiple agreements signed to develop PPP dry port, logistics centre projects in Egypt
Egypt's Ministry of Transport signed three agreements with private companies and consortia for the development of two logistics centres and a dry port under the public-private partnership (PPP) model. The agreements were signed on the Ministry's behalf by the General Authority for Land and Dry Ports (GALDP) on the sidelines of TransMEA2023 event in Cairo, and cover design, development, construction and operation and maintenance of the facilities. The three agreements are as follows:
- Memorandum of Understanding (MOU) signed with Samcrete Group to develop and operate the Kom Abu Radi dry port Beni Suef Governorate. The project, spread over an area of approximately 92 acres, will serve the area's electronics, fertiliser and cement factories in addition to bulk commodity silos affiliated with the Ministry of Supply. It will be connected by a dedicated railway line to Egyptian National Railway's main network.
- MOU signed with Egyptian-Kuwaiti Orchid Company to establish and operate a 300-acre logistics centre (October Logistics Centre) in the 6th of October Industrial Zone in Giza governorate. The project will also support existing 6th of October Dry Port (ODP), which is the first PPP dry port project to be implemented in Egypt.
- MOU signed with a Libyan-Egyptian consortium comprising Al-Saed Company from Libya and Al-Raed Engineering Consulting from Egypt to develop and operate a 400-acre logistics zone in the city of Salloum in Matrouh governorate.
Agreement signed to establish an integrated truck rest area in Oman
Khazaen Economic City, under the patronage of the Ministry of Transport, Communications, and Information Technology, has recently entered into an investment agreement with the esteemed National Gas Company to establish an integrated Truck Rest Area within Khazaen. The proposed project encompasses a comprehensive range of facilities, including designated parking lots specifically tailored for trucks, a purpose-built accommodation for truck drivers, top-notch vehicle maintenance services, a variety of commercial shops, and various amenities that will support the logistics sector, spanning an impressive area of 50,000 square metres, with a substantial investment value of OMR2.7 million.
This agreement represents one of the strategic investments made by the National Gas Company to promote economic diversification and attract investments in the Sultanate's fastest-growing sectors. Notably, this project stands as the first of its kind in the Sultanate, situated near the first dry port in Oman, the Khazaen Central Fruit and Vegetable Market and Khazaen International Logistics Park.
$581mln O&M contract awarded for sewage plants in Saudi Arabia
lkhorayef Water and Power Technologies Company won a long-term operations and maintenance (O&M) contract from the state-owned National Water Company (NWC) for four sewage treatment plants (STPs) Riyadh. The 180-month contract, valued at 2.18 billion Saudi riyals ($581.10 million), covers STPs in Heet and Al Hayer (Package Six). Under the contract, Alkhorayef Water will design, rehabilitate, test, and maintain the four plants with a combined treatment capacity of 780,000 cubic metres/day. The rehabilitation work will be conducted in two phases over 36 months, while O&M will start from the contract's date.
Plans underway to build $139mln cement plant in Iraq
Saudi's Northern Region Cement Co has signed a contract with Germany's KHD Humboldt Wedag to build a cement plant in Iraq. Northern Cement would invest nearly $139 million in the project, which would have a production capacity of 1.32 million tonnes per annum. The project would be completed within 16 months. KHD Humboldt Wedag will design and deliver the plant while parent company AVIC will execute the Engineering, Procurement and Construction (EPC) portion.
Construction underway for 10 new schools in Iraq
Ten new schools are being built in Iraq's Muthanna governorate using semi-precast concrete technology. The project is expected to be completed in 2024. It has reached 34 percent completion rate. The project will reduce the shortage of school buildings in the governorate while putting an end to the issue of double shifts. The schools occupy areas ranging from 1.5 to 2 acres.
Multiple agreements signed for developing railway sector in Egypt
Egypt's Ministry of Transport signed several agreements covering existing and new projects in the railway sector during the TRANSMEA 2023 event that is underway in Cairo. Four contracts, five memoranda of understanding and one framework agreement were signed during the event. The agreements have been summarised below -
- Consultancy contract awarded to Spain's TYPSA by the National Authority for Tunnels (NAT) to carry out a preliminary study for extending the Cairo Metro Line 1 (Helwan - El Marg) to Shibin El Qanater. The extension will have a length of about 19 kilometres and 14 stations. The scope of the contract includes a feasibility study, an initial assessment of the environmental and social impact of the extension project, its impact on the existing operations of Line 1 and the preparation of preliminary technical specifications documents. The contract will be financed by a non-refundable grant from Spain's FIEM (Corporate Internationalisation Fund).
- MOU signed by NAT and Spain's CAF to extend a previous contract (awarded in November 2021) to refurbish 23 trains for Cairo Metro Line 1 to include maintaining the trains for 10 years and supplying spare parts.
- Another MOU was signed between NAT and CAF to refurbish and maintain 39 trains operating on Cairo Metro Line 2 for 10 years. CAF will also work on obtaining funding for both contracts.
- NAT and China's AVIC International Holding Corporation (AVIC INTL) and China Railway Major Bridge Engineering Group signed a framework agreement to design and implement Phase 4 of the Light Rail Transit (LRT) project, also called the 10th of Ramadan Railway Project. Phase 4 will have a length of 16 km with three stations. Under the framework agreement, the Chinese consortium will negotiate with the government to arrive at a design-supply-build agreement at the same prices as the previous phase. The contract also includes the supply of 8 trains. Local contractors would carry out the civil works under the supervision of the Chinese consortium, which will also support NAT in obtaining the necessary funding for the phase. The LRT aims to connect El Salam City (East of Cairo) with the New Administrative Capital (NAC) through the 10th of Ramadan City in multiple phases and serve other new cities, including El Obour, Al Shorouk, Mostakbal City and Badr City. The 111km long project with 20 stations is being implemented over five phases.
- Phase I covers 65.63km in length and includes 11 surface stations.
- Phase II covers 3.18km in length and includes one elevated station.
- Phase III covers 20.4km and includes three elevated and one surface station.
- Phase IV covers 16km with three elevated and one surface station
- Phase V covers 5.5km and features one station
- An MOU was signed between NAT and AVEC INTL for implementing Phase 5 of the LRT to serve a planned industrial zone in the NAC. The Chinese firm is expected to submit a technical and financial offer within eight months from the date of signing of the MOU with the exact specifications and prices for the previous stages. The civil works will be carried out by local contractors directly contracted by NAT, and AVIC is expected to support the Authority in obtaining financing from Chinese institutions.
- Another MOU was signed between NAT and AVIC INTL to implement an extension of the LRT from El Rehab Interchange Station (of Cairo Metro Line 4 Phase 2) to the NAC in the R3 area next to the monorail station. The LRT extension will have a length of about 40km and eight stations and serve Rehab City, Dar Misr El Koronfel, Madinaty, Shorouk, Badr and New Heliopolis.
Under the MOU, AVIC INTL is expected to submit a technical and financial bid within 12 months to carry out engineering, construction and electromechanical works, in addition to the workshop and the supply of trains with the same specifications and prices of design-supply–construction for Phase 3 of LRT. Local contractors contracted by NAT will carry out the civil works. AVIC will also support the Authority in obtaining the necessary financing under the same terms as for Phase 2 from Chinese financing institutions.
- MOU signed by the Delta Development Consortium (DDC) comprising of El-Didi Group and China Railway International (CRIC) with NAT for a high-speed railway between West Port Said Port and Abu Qir Port in Alexandria with a total length of 250km. The project will be procured under the Build-Operate-Transfer (BOT) model.
- Announcement of the implementation of electromechanical works for the second and third lines of the high-speed railway by the consortium of Siemens, Orascom Construction and Arab Contractors.
- A contract was signed between NAT and Orascom Construction for implementing the civil works package (CP402) in the eastern part (Fustat area) of Phase 1 of Cairo Metro Line 4.
Line 4 has a total length of 42km with 39 stations and is being implemented in two phases. Phase 1 covers a length of 19 km and includes 17 stations, of which 16 are underground, while Phase 2 covers a length of 23km and consists of 22 stations, of which 21 are underground. Line 4 will link the governorates of Cairo and Giza and the 6th of October City and handle 1.5 million passengers daily when complete. Civil works for the western part of Line 4 – Phase 1 from Hadayek El Ashgar to Amr ibn El Aas, which is 13.7km long with 12 stations, is being implemented by a consortium of Arab Contractors, Concorde, Petrojet and Hassan Allam Construction. Japan's Mitsubishi Corporation is supplying 23 trains for Line 4.
- Contract signed by NAT with the consortium of Orascom Construction, Arab Contractors and ElSewedy Electric for the design, supply, installation and commissioning of electromechanical equipment for the stations of the first line (Sokhna/Alamein/ Matrouh) of the high-speed railway. Line 1 of the high-speed railway connecting the port cities of Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean has a total length of 675km and includes 21 stations. It passes through NAC, 6th of October City, Alexandria and Borg El Arab City.
Plans underway to build air-conditioned rest areas in UAE
As many as 40 such rest areas will be built in key areas of UAE to offer comfortable amenities to delivery riders while waiting for new orders, thereby increasing their overall happiness rating and encouraging them to comply with traffic laws and regulations. Thousands of delivery riders of Deliveroo, Noon, Talabat and other companies deliver F&B and other orders every day in various parts of the city. These facilities will ensure that bike riders properly relax as and when there is no order to be delivered. RTA has already completed the construction of two rest areas in Al Barsha, and the remaining ones are scheduled for construction in three phases. All rest areas are expected to be operational by July 2024. Several rest areas are planned in Arabian Ranches, International City, Business Bay, Al Quoz, Al Karama, Al Satwa, Al Jaddaf, and Mirdif, as well as other districts of the emirate. Each rest area is equipped with a snack dispenser, water cooler and mobile phone charging station. It can accommodate up to 10 people and has ample parking spaces for motorcycles adjacent to the facility. The exterior of the rest areas was designed to reduce the impact of sunlight and ensure proper insulation. The construction of the rest areas is part of RTA's efforts to provide a proper working environment for delivery riders, given the substantial growth of the delivery business in recent years to meet the public demand for goods. RTA has charted out an integrated structure for the delivery market to uphold the quality of services provided to the public, including a professional certification of delivery riders. Traffic safety is a top priority and RTA is keen to implement the traffic safety strategy in place for the emirate aimed to rank Dubai a global leader in traffic safety.
SAR 24.5 mln contract awarded for high-voltage underground cables in Saudi Arabia
Nomu-listed KEIR International Co. received, on Nov. 2, 2023 an award letter from Saudi Electricity Co. for a project contract, valued at SAR 24.5 million (including VAT). The contract aims to convert the existing 132-KV high-voltage underground cables between the central station and a station in Riyadh. The contract is expected to be signed in Nov. 20, 2023. The contract includes re-routing the existing underground cables from the substation to the central station with new cables, relevant accessories and connection works.
Construction resumed on housing project in Iraq
Iraq has resumed work on a housing project comprising more than 2,000 units after a delay of nearly three years because of legal issues. Ain Al-Iraq (eye of Iraq) in the Northern Mosul city was restarted after authorities associated with the project reached an agreement to end rifts. The project, the largest housing scheme in the North, came to a standstill due to legal obstacles, including a dispute over land. There is an agreement now to re-launch the project, which comprises nearly 2,100 houses in its first phase.
Announcement of launching of biggest e-waste recycling project in Oman
Value creation from electronic waste recycling has commenced in earnest in the Sultanate of Oman with the launch of the country's largest processing plant at Raysut Industrial City in Dhofar Governorate. Evergreen Gulf Recycling Hub (EGRH), with a processing capacity of 20,000 tonnes per annum, has been established on a 10,500 sq metre site. Supported by Canada-based environmental services specialist Sparta Group, the facility is billed as one of the most modern in the Gulf region and suitably equipped to recover optimal recyclable value from all kinds of electronic waste. The Evergreen Gulf Recycling Hub has put in place systems for the collection of e-waste from designated areas around the country, which is then transported to Salalah for processing and recycling.
In October EGRH signed an agreement with the Port of Duqm Company for the collection of their e-waste from the latter's Muscat and Duqm offices. In opting for EGRH to handle its e-waste, the port cited the recycling hub's AI-enabled technologies that would help with the segregation of the waste at a molecular level. In addition, EGRH is making available facilitate for onsite shredding of hard drives to ensure that any data remaining on the devices is permanently destroyed. Significantly, the Salalah hub has been equipped to process and recycle a wide array of electrical and electronic waste. The list includes computers, monitors, printers and other office equipment, microwave ovens, television and music systems, mobile phones, fluorescent bulbs, air-conditioners, cables, wires and motors, among other items. Recovered after processing are recyclable materials such as ferrous metals, aluminium, plastic and printed circuit boards (PCBs). Sparta Group's role as Technical Partners ensures that the hub's recycling standards are consistently superior.
$56m contracts awarded to housing expansion project in Saudi Arabia
Nesma Infrastructure & Technology (NIT) has won two additional contracts with the Saudi Electricity Company valued at over SAR 210 million to support the expansion of Makkah's housing projects and to establish a link in the north of the Al Madinah Al-Munawwarah Province. The scope of work on this lump sum turnkey project includes the engineering, procurement, construction, testing and commissioning of the transmission substation along with its connection to the national electrical grid through an underground cable. The project is to be delivered in approximately 16 months.
Plans announced to establish a factory in Egypt
The Italian company COFRA safety footwear will establish a factory in Egypt. The company plans to invest 10 million euros in this venture, announced during a meeting with the Minister of Trade and Industry. The factory will be located in Robbiki Leather City, which is known for its expertise in leather tanning and manufacturing.
Foundation stone laid for chemicals plant in Egypt
India-based Platinum Industries laid the foundation stone for its $6million PVC and CPVC additives and plastic stabilisers manufacturing plant at Orascom Industrial Park's Sokhna Complex within the Suez Canal Economic Zone (SCZONE). The factory's emphasis is on environmentally friendly production through the use of renewable energy. The factory, spread over an area of 10,000 square metres, will have a production capacity of 30,000 tonnes annually. The Sokhna facility will cater to the local demand for PVC stabilisers which will reach 12.3,000 tonnes in 2023 and 15.5,000 tonnes by 2027. The agreement for this project was signed during SCZONE's visit to India in June 2023.
Agreements signed for sustainable agriculture waste products in Oman
Oman Environmental Services Holding Company (be'ah) signed two sustainable agricultural waste agreements in Muscat. The first is an agreement with NTZ Solutions for the 'recycling of green and bulky waste materials into biochar' - a type of charcoal produced from organic materials that can be used as a fertiliser. NTZ Solutions is anticipated to establish the first biochar production facility in Oman. This agreement with be'ah reflects our shared dedication to sustainable waste management practices, resource optimization, and environmental responsibility. As the inaugural biochar production facility in Oman, this project aims to set an example for other entities and countries in the region, in both sustainable waste management and the commercialization potential of green projects.
The second agreement was signed with Turbah for the recycling of shredded green and bulky waste materials into compost. This partnership aligns with our mission to produce sustainable, non-hazardous value-added products that cater to the growing demand for healthy soil and a diverse ecosystem. The ongoing support from be'ah stands as a testament to the holistic vision encapsulated in the 2040 Vision, and the signing of this contract solidifies a lasting connection between our two organisations. The agreements are anticipated to minimise emissions, enhance the concept of circular economy, and contribute to environmental conservation. These agreements are tangible steps in be’ah’s journey to deliver its strategy and help realise Oman Vision 2040 and the national goal of Net Zero by 2050. Our partnerships with Turbah and NTZ Solutions are essential levers that we will fully utilize to uphold our commitment to sustainable waste management and environmental stewardship.
Plans underway for railway line expansion to connect industrial and commercial ports in Saudi Arabia
An expansion of internal railway line is on cards to connect Saudi Arabia's Jubail Industrial City with its industrial and commercial ports. The plan was shared announcing the launch of several strategic projects at Jubail Commercial and Industrial Ports. These initiatives aim to minimise the ports' carbon footprint and expand shipping operations. In addition to enhancing infrastructure and increasing port capacity, the projects include establishing a modern petrochemical hub with 10 berths and a storage area.
Designs revealed of commercial project in Egypt
Raef Fahmi Architects has designed the company's T.HUB project located in 5th Settlement, New Cairo. The 2 billion Egyptian pounds ($65 million) T.HUB is the company's second commercial project and spans over 10,600 square metres. The project comprises of six buildings of three storeys and two basement floors each, containing offices, shops and food and beverage units.
Construction work to commence on new hospital in Saudi Arabia
Dr. Sulaiman Al Habib Medical Services Group expects to start construction of Tabuk Hospital in the fourth quarter of 2023 after obtaining regulatory approvals. The estimated cost of the 140-bed project is 420 million Saudi riyals ($112 million), with completion likely by the third quarter of 2027. The company signed a SAR32.5 million ($8.67 million) 50-year lease with Tabuk Municipality in January for land to construct and operate a hospital in the city in North-western Saudi Arabia.
Plans announced to establish $4.7bln clean water projects in Egypt
Egypt plans to establish clean water projects worth $4.741 billion. The ministry aims to implement 30 water security projects, accounting for 19.5 percent of the overall official development aid portfolio. The projects include nine initiatives for the Ministry of Irrigation and 21 initiatives for the Ministry of Housing.
Contract awarded for IIoT-based substation automation project in Egypt
Egyptian system integrator Giza Systems announced that it is implementing a Substations Monitoring and Analytics project for the Egyptian Electricity Transmission Company (EETC) in the Cairo Zone. The industrial internet of things (IIoT) project, which is a first for EETC, is regarded as a steppingstone for the utility towards the digital transformation of its grid. The project scope encompasses the development of an IIoT solution that enables remote monitoring, analytics, and supervision of critical alarms within EETC's high-voltage substations. Additionally, the project will deliver a centralised control centre, enabling EETC to manage 20 substations remotely. The system will enhance the availability of electrical energy sources for sustainable energy provision and thus, reduce power outages.
Contracts awarded for implementing central AC system for a commercial project in Egypt
Egyptian developer VAI Developments has contracted Gascool to implement the central air conditioning system for its 4T4 commercial project in the New Administrative Capital (NAC). The central AC system will have a capacity of approximately 430 tonnes, and be based on variable refrigerant flow (VRF) technology. It is also disclosed that the company plans to launch a luxurious residential project in New Zayed soon as part of its plan to diversify its investment portfolio in terms of locations and nature of the projects.
Extension agreement signed for power plants in Egypt
Mitsubishi Power, a part of Japan's Mitsubishi Heavy Industries (MHI) announced that it has signed an agreement with the Egyptian Ministry of Electricity and Renewable Energy for the upgrade and reliability of the Sidi Krir and El-Atf power plants. The two power plants cater to western Alexandria and middle Delta regions via the Egyptian unified electrical grid. The new agreement financed by JICA (Japan International Cooperation Agency) extends the previous long-term service agreement (LTSA) signed in May 2021 for six M701F Gas Turbines at Cairo North, Sidi Krir and El-Atf power plants. The LSTA, under execution, has extended the power plants' lifespan, improved power supply stability, reduced maintenance downtime and costs, resulting in fuel savings. Upon completion of the plants upgrades, the gas turbines efficiency improved by +2.5 percent on average with an increase in the power generation capacity of +6 percent (MW).
Deal signed to collaborate new luxury villas in Dubai
Taraf and Yas Holding has joined hands with internationally renowned fashion house Karl Lagerfield to collaborate on luxury branded villas in Dubai. The project, set to launch in the coming months, will be Karl Lagerfield's third branded residential property in the world and the first in the Middle East. The villas will offer a glimpse into Karl Lagerfeld's multihyphenate world, combining his limitless iconic vision with contemporary creativity to celebrate his DNA and highlight his moto: 'Embrace the present and invent the future.'
Plans announced for establishment of new regional headquarters in Saudi Arabia
JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has announced the establishment of its regional headquarters at the King Abdullah Financial District (KAFD) in Riyadh. Situated in the heart of the Saudi capital, KAFD is home to 95 buildings designed by 25 world-leading architectural firms. It spans 1.6 million sq m and features state-of-the-art office space, world-class facilities, and iconic luxury residences. KAFD aims to transform how urban communities live, work, and play. Located just a 22-kilometer drive from King Khalid Airport, KAFD is owned and managed by the King Abdullah Financial District Development and Management Company (KAFD DMC). The strategic move to the heart of the capital's new Central Business District (CBD) was unveiled at the 7th Future Investment Initiative (FII) in Riyadh where strategies and precautions were outlined that must be employed to navigate the current global real estate market. The move is part of the company's broader commitment to strengthen JLL's presence in Saudi Arabia. The announcement of the regional headquarters at KAFD, currently the largest LEED for Neighbourhood Development (LEED ND) Stage 2 platinum certified project globally, brings JLL one step closer to fulfilling its own sustainability targets and is in line with the Kingdom's sustainable vision to decarbonise its built environment. JLL's role in revitalising this iconic project, from master planning to construction, handover, and operations, has been instrumental in attracting leading industry titans from across sectors to expand their regional operations in KAFD under the nurturing RHQ ecosystem. Scheduled for completion in early 2025, KAFD is also setting a new industry benchmark as the world's largest certified and sustainable urban quarter. KAFD's state-of-the-art infrastructure, smart city solutions and exceptional customer service will be pivotal in accelerating the growth ambitions of a wide range of businesses in the region.
$1.8 billion contract awarded for gas processing plant in Saudi Arabia
Indian engineering and construction giant Larsen & Toubro (L&T) announce that its hydrocarbon business secured Letter of Intent (LOI) for yet another major onshore project from a prestigious client in the Middle East. The LOI for gas processing plant was awarded to L&T Energy Hydrocarbon (LTEH). The statement didn't identify the client by name but featured a Riyadh dateline. The scope of work comprises engineering, procurement, and construction (EPC) for Gas Processing Plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit and Sales Gas Compression System in new onshore facilities and its integration with existing Gas Processing Plants. While L&T doesn't disclose specific contract value & the award is categorised as ultra-mega, exceeding 150 billion Indian rupees (more than $1.8 billion).
Tenders announced for first phase of road dualisation in Oman
The Ministry of Transport, Communications and Information Technology has announced a tender for the Phase 1 dualisation of the landmark carriageway that cuts through the Rub Al Khali (The Empty Quarter) to the newly launched land border between the Sultanate of Oman and the Kingdom of Saudi Arabia. Opened late in 2021, the 725-km desert road starts on the Oman side at Ibri roundabout in the Governorate of Al Dhahirah and extends 161km to the Rub Al Khali checkpoint on the international border. From the Saudi side, the blacktop begins at Al Bat'ha junction and ends at the border checkpoint after covering a distance of 564 kilometres. Phase 1 of the dualisation covers a modest stretch on the Oman side of the carriageway. It starts from the Governor's Roundabout and extends to the Tanam Roundabout in the governorate, covering a distance of 5.159km.
In addition to the dualisation of this stretch, a further 10km of service roads will also be constructed on either side. Furthermore, the selected contractor will be required to design and construct a pair of smart signallised junctions elsewhere along the main highway. A wadi crossing and other improvements to the IbriHafeet carriageway are also envisioned as part of the tender package. Significantly, the Rub Al Khali road, which now features a full-fledged border checkpoint, will also serve as a principal conduit for passenger and cargo flows between the two countries when a mammoth new integrated economic zone is brought into operation in multiple phases in Al Dhahirah Governorate. The Economic Zone at Al Dhahirah (EZAD), planned for development on a sprawling 388 sq km area of the governorate, will serve as a new economic growth engine in a strategically important part of the country. Located just 20 kilometres from the Rub Al Khali border crossing, EZAD will leverage its advantageous proximity to the massive Saudi market to target manufacturing, mining, oilfield, logistics, renewable energy and a host of other investments. Significantly, EZAD grew out of agreements signed by Oman and Saudi Arabia in February 2023, setting the ground for a new wave of economic cooperation between the two neighbours. It included a Memorandum of Understanding (MoU) to finance the infrastructure development of EZAD at a cost of RO 100 million. Technical and commercial bids for Phase 1 of the dualisation project are due in by December 10, 2023.
Plans announced for first waste-to-energy project in Iraq
Iraq's first waste-to-energy project will serve capital Baghdad. The Electricity Ministry and the National Investment Commission (NIC) will give foreign firms one month to submit their bids for the project, which will be located in Al-Rusafa in the outskirts of Baghdad. Many companies will vie for this project. The competition will continue for one month after which one company or more will be awarded the contract.
Contracts planned to be awarded soon for largely untapped gas resources in Iraq
OPEC member Iraq is planning to award 30 sites in a number of governorates within a drive to revive its largely untapped gas resources. The sixth round, which was announced in June 2023, includes at least 30 sites that will be awarded to global companies. These include sites in Basra, Dhi Qar, Al-Anbar, Maysan and other governorates and cities. The contracts awarded to foreign firms in the fifth round would boost Iraq's oil output by around 250,000 barrels per day and gas by one billion cubic feet a day.
Contracts awarded for substation with associated transmission lines in Saudi Arabia
L&T Construction has secured key orders in GCC, in the current quarter. In Saudi Arabia, an order for turnkey construction of a 380kV Substation with associated overhead transmission lines has been won. Another order has been bagged in the State of Kuwait to build 5 Substations to provide reliable and efficient power supply to an upcoming residential city.
$89.85mln contracts awarded for infrastructure works in Abu Dhabi
Khalifa Economic Zones Abu Dhabi (KEZAD Group) announced that infrastructure works have commenced on the Abu Dhabi Food Hub, Global Auto Hub - Abu Dhabi and other projects within its Area B1 in KEZAD Al Ma'mourah. The total cost of the infrastructure works is estimated at nearly 330 million UAE dirhams ($89.85 million). These investments are part of AD Ports Group's five-year organic capex program of AED15 billion planned between 2023 & 2027. Global infrastructure engineering company Parsons has designed the master plan of Al Ma'mourah Area B1. Infrastructure consulting firm AECOM has been awarded the design for secondary infrastructure within the Food and Auto Hubs. UAE-based Saif Bin Darwish has been appointed as the contractor for primary infrastructure works, which have commenced in Area B1. The masterplan for Al Ma'mourah Area B1 includes a logistics hub, media hub, light manufacturing, staff accommodation services, social amenities, commercial centres and a hotel.
The Abu Dhabi Food Hub is being developed in partnership with Ghassan Aboud Group and France's Rungis International. The hub will focus on food trade, processing, and distribution in the region.
Global Auto Hub - Abu Dhabi, also being developed in partnership with Ghassan Aboud Group, will have reserved areas for showrooms, storage, spare parts, workshops, test tracks, auction houses, social and office spaces in addition to logistics services, government support and commercial support services.
Abu Dhabi Food Hub and the Global Auto Hub - Abu Dhabi both cover 3.3 square km each.
Plans revealed for power plants in Iraq
A $27-billion deal between Iraq and France's TotalEnergies signed in July, 2023 will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW). The gas projects to be undertaken by the French giant in South Iraq would be in two stages and completed within 4.5 years.
Phase 1 would be finished in three years and would produce 300mcf/d while
Phase 2 would produce an equivalent quantity and would be completed within 18 months.
Plans underway for design & build contract of a drainage network in Oman
Oman's Muscat Municipality is expected to award the design and build contract for its Al Ansab Phase 2 Storm Water and Sub-surface Drainage Network by the first quarter of 2024. The tender was reissued on 17 October 2023 with a technical bid submission deadline of 26 November and commercial bid submission deadline of 30 November 2023. The contract is expected to be awarded by early March 2024, with the overall project completion and commissioning scheduled for the fourth quarter of 2025. The scope of work involves the construction of Storm Water and Subsurface Drainage network. Drainage pipe channel includes perforated HDPE 600mm diameter pipe of 120 metres length and three catch pits. There could be some variations in the length, the start and end to suit the site requirement. The scope of the work is to carry out survey, prepare the detailed design of the drainage in conformance with Highways Design Standards.
Contract awarded to prepare study for power storage project in Egypt
China Energy has been awarded a contract to prepare a technical and financial study for a power storage and pumping station in Egypt. Egyptian Electricity and Renewable Energy Ministry signed the contract with the Chinese firm in Cairo. The 2,000-megawatt (MW) facility would be awarded on a BOO (build-Own-Operate) basis. Egypt is pursuing plans to expand its power networks and boost renewable to 42 percent of energy mix in 2030.
$3B green hydrogen project plans launched in Egypt
The Egyptian Cabinet and Belgian company Deme collaborated to launch green hydrogen project in the port of Jargoub, Egypt with initial investments expected to cost approximately $3 billion. The Cabinet highlighted that the project will be executed through three phases. The project's production is primarily earmarked for export to the European market. Egypt's full commitment to support the project and facilitate the companys operations within the country. Deme officials discussed ongoing discussions with the Ministry of Transport regarding potential cooperation in the development of the river transport system. Additionally, they mentioned collaborative efforts with the Suez Canal Authority concerning the development of Lake Bardawil. The company expressed its hopes to expand cooperation on this project to further enhance the lake's development.
Contract awarded for supply of green methanol & methanol-to-gasoline plant in Saudi Arabia
Thyssenkrupp Uhde has been awarded a contract by ENOWA, NEOM's energy and water company, for engineering services and the supply, design and procurement of equipment for a new CO2-to-methanol and methanol-to-gasoline demonstration plant at ENOWA's Hydrogen Innovation and Development Center (HIDC) in Saudi Arabia. The plant is a joint development of ENOWA and Aramco and will use the innovative uhde green methanol process and ExxonMobil's fluidized bed methanol-to-gasoline process. The plant will produce 12 tons of methanol and 35 barrels of gasoline per day. Methanol produced from hydrogen and carbon dioxide can be used as an energy carrier, a hydrogen carrier and a transport fuel, as well as to store electric power generated from renewable energies. It can also be used as a climate-friendly feedstock in the chemical industry for a large range of products, including plastics, paints and varnishes, building materials, clothing, pharmaceutical products and disinfectants.
Proposals invited for metro blue line network in Dubai
Dubai's Roads & Transport Authority (RTA) has issued a notice seeking expressions of interest from contractors for the design and build of the new Blue line for the Dubai Metro network. The project is expected to cost several billion dollars to develop and is one of Dubai's largest upcoming infrastructure schemes, requiring international contractors to work in a joint venture with local partners. The design and build contractor will be responsible for all civil works, electromechanical works, rolling stock and rail systems. The contractor will assist in maintenance and operations for an initial three-year period after the project is completed. The Blue line will connect the existing Red and Green lines. It will have a total length of 30 kilometres (km), 15.5km of which will be underground and 14.5km above ground. The line will have 14 stations, seven of which will be elevated. There will be five underground stations, including one interchange station, and two elevated transfer stations connected to the existing Centrepoint and Creek stations. Companies seeking involvement in this project should express their interest by downloading the form on this link. The signed and stamped form should be emailed to [email protected] by no later than 2:00 PM on 24 November, 2023. The scope of the contract also includes the supply of 28 driverless trains, the construction of a depot to accommodate up to 60 trains, and the construction of all associated roads, facilities and utility diversion works. The detailed scope of work for the project includes:
- Civil works, including detailed design and construction of architectural and structural components (viaducts, tunnels, stations, etc)
- Design and execution of electromechanical works
- Design, procurement and delivery of operation and control systems for rail, stations and facilities
- Design, manufacturing and supply of rolling stock
Foundation stone laid for commercial project in Egypt
Egyptian real estate developer Midar laid the foundation stone for MERCATO, its 22-acre commercial zone in Mostaqbal City. MERCATO would be developed at an initial investment of 500 million Egyptian pounds ($16 million), which is expected to increase to EGP1 billion ($32 million) in the next phases. In the initial phase, MERCATO will include a mosque, a police station, a fire station, a market, a mass transit station, a celebration hall, and a food and beverage area. MIDAR also announced the start of operations of 16-acre VIBES project, located in the first phase of Mostaqbal City, and the launch of WAYZ, which will manage the City's transport system, including internal and external connectivity. Mostaqbal City's first phase spans an area of 5,200 acres and includes 500 acres of green spaces. It comprises, in various stages of development, 16 residential projects, five educational projects, two mixed-use offerings comprising a retail, office and hospitality project, and a residential, retail and office project; a mall, four fuel stations, and two office projects.
$266.2 million plans announced to establish a satellite manufacturing company in Saudi Arabia
Aspace, a leading Hong Kong-based space company, has announced plans to establish an advanced satellite manufacturing company in Saudi Arabia at a total investment of SAR1 billion ($266.2 million). Aspace will manufacture components, subsystems and satellites. Aspace obtained an investment licence at the ongoing Future Investment Initiative (FII) being held in Riyadh. The Ministry of Investment and Saudi Space Agency played a pivotal role in facilitating this process, including offering investment support opportunities, and identifying suitable manufacturing sites. This ultimately led to the completion of the first groundbreaking investment deal for the space sector. All the investment procedures by Aspace have got completed and it will soon roll out its operations. Aspace will benefit from the kingdom's geographical location to enhance space capabilities in the region by investing in advanced satellites, which represent 70% of the global space market. This will also promote the Kingdom's position as an investment and advanced manufacturing destination to foreign companies. Welcoming the HK group's strategic investment, granting Aspace company the first investment licence in the satellite field is a cornerstone for related investments in the kingdom, as this field holds immense global opportunities. This step will undoubtedly encourage numerous companies to invest in the Kingdom, which is currently experiencing exceptional growth and progress in various areas. The satellite industry is going through remarkable advancements that will further enhance the Kingdom's attractiveness and global competitiveness & enhancing the kingdom's position as a regional hub for attracting space investments and technologies in this rapidly growing sector.
$300 agreement signed to establish a polymer manufacturing plant in Oman
Sohar Port and Free Zone signed a sub-usufruct agreement with the International Fine Chemicals Company to establish a polymer manufacturing plant with an investment value of $300 million. The project, covering an area of 240,000 square metres, will serve various industries. Including energy production, agriculture, wastewater management, and the pulp and paper industry. This project will work to strengthen supply chains, attract relevant industries, enhance local trade networks, contribute directly to economic growth and attract manufacturing industries, in addition to developing technology and sustainable growth in various sectors, especially energy production, agriculture, water management, and others. The project focuses on high modern technologies used in the production of several economic sectors and targets a number of markets in the region. The project will include industrial units that enter, as a final product of polymer, into several associated industries. This project targets the Gulf, European, North and South American markets, and reaching the main economic regions to provide innovative solutions that contribute to economic growth at the local and global (ONA).
Plans launched for new master development in Egypt
Egyptian developer MIDAR plans to launch a new 6,000-acre master development in Madinat Al-Amal (City of Hope), located in Nasr City, East Cairo soon. MIDAR is the master developer of the 11,000-acre Mostaqbal City master development in East Cairo. The new project would be located close to the Ismailia desert road. Agreements are being finalised with number of local and international partners for the project but didn't elaborate.
Bids invited to install & operate 5G network in Iraq
Iraq has decided to introduce the latest 5G cellular network to become among 54 countries having the advanced technology and it intends to invite global firms to bid for the project. The cabinet has approved the project and that the state-owned Al-Salam Telecommunications Company would be granted license to manage the new network. Local funds, including the public servants' pension fund and the social security fund will be allowed to subscribe to the new operating company to be created by Al-Salam along with Iraqi citizens, who will have 10 percent of its shares.
$65 million contract awarded for two new residential zones in Egypt
Capital Group Properties (CGP) has appointed Innovo Group to construct two new residential zones comprising 900 units within its Alburouj residential project in East Cairo. The construction contract for the two zones, with a development value of 2 billion Egyptian pounds ($65 million), was awarded to Innovo Group following a public tender. Construction work would commence in the fourth quarter of 2023 and be completed in 2025. The contract value wasn't disclosed. More than 2,127 units have been delivered to date within the project. The EGP77 billion ($2.5 billion) Alburouj spans an area of 5 million square metres and includes residential units, schools, a mall, a 70-acre park, retail area, cultural and sports facilities.
Contract awarded for new residential project in Egypt
Winvestor for Investment and Real Estate Development has contracted Post Tension Contracting (PTC) to implement its 600 million Egyptian pounds ($19 million) I Sheraton project in New Cairo. The project, spread over an area of 4,650 square metres, comprises of four buildings containing 130 residential units, and is scheduled for completion by 2025. I Sheraton will use post-tensioned concrete technology, which reduces thickness of slabs making the residential units more spacious and increasing the distance between columns in parking lots. The post-tensioned concrete system has been implemented in several projects in the New Administrative Capital (NAC) and New Alamein in Egypt.
New sport stadium will be built in Iraq
A Turkish company will build a sport stadium in Iraq at a cost of around $40 million under an agreement signed with Baghdad recently. Urcu Group will build the 30,000-seat stadium in the southern Iraqi Nasiriyah city and the project is expected to be completed within two years. The project awarded by the Youth and Sport Ministry also comprises a 75-room hotel, training fields and other facilities. This project is the start of new investments by the Company in Iraq.
$647mln mixed-use project will be launched soon in Egypt
Egypt's Palm Hills Developments (PHD) will invest 20 billion Egyptian pounds ($647 million) in the second phase of its Badya residential project in 6th of October City. The developer has successfully completed the construction works of the residential portion of the 340-acre first phase, comprising 3,372 villas and apartments at a total cost of EGP12 billion ($388 million). 1,600 units have been delivered to date to customers. PHD registered EGP35 billion ($1.1 billion) in sales during the nine months ended 30 September 2023. The 3,000-acre development, which is a joint venture between PHD and New Urban Communities Authority (NUCA), will feature 50,000 residential units, and cost EGP100 billion ($3.2 billion). As a joint venture partner, NUCA, which comes under the Ministry of Housing, is entitled to both cash revenue and in-kind payments in the form of Built-Up Area (BUA). Developed by German architecture firm AS+P, Badya is divided into six independent stages that are linked to the heart of the city hosting commercial, retail, entertainment and food and beverage destinations.
$47.5mln deal signed for gas gathering facilities in Kuwait
Kuwait-based Combined Group Contracting Company (CGCC) has signed a contract for gas gathering facilities in the oil-rich Neutral Zone that Kuwait shares with Saudi Arabia. The contract has a value of around 14.38 million Kuwaiti dinars ($47.5 million) and has a duration period of four years and three months. CGCC was awarded the contract in September,2023 by the Kuwait Gulf Oil Company and the Saudi Arabian Chevron Company, which jointly manage Wafra oilfield in the 5,000 square km border zone.
Bids invited for gas field development project in Iraq
OPEC producer Iraq intends to invite global firms to submit bids for the development of a southern onshore oilfield as part of a drive to tap its massive gas resources. The aim is to produce around 150 million cubic feet of sweet gas per day and an equivalent amount of sour gas from Nahr bin Umar field in the southern Basra city. The project would be awarded on BOOT (build-own-operate-transfer) basis and that production could also include liquid gas and condensates. The project includes the construction of gas gathering facilities, storage tanks and pipeline networks to supply gas to power stations.
New luxury residential units launched in Qatar
Ezdan Real Estate Company announced the launch of the first Al Safwa Compound of its kind, which provides luxury residential units of high quality for the category looking for sophistication and elegance, as the Compound provides up to 147 high-quality residential units that include a variety of living spaces, starting with the three-room apartment furnished with high-end furniture, then the five-room villa with a backyard for barbecue, in addition to the six-room rowhouse spread over three floors with a wonderful barbecue area. And a distinctive seating space at the top of the house. Al Safwa Compound is one of the most important real estate projects that have been recently launched, which comes within the framework of the company's policy of diversifying real estate products, as the compound provides residential villas, apartments and multi-storey buildings, all of which are equipped with high-end furniture and distinctive equipment in their quality. Located strategically near Al Janoub Stadium, Ezdan Malls in Al Wakra and Al Wukair, as well as Al Wakra Hospital, Al Safwa Compound benefits from a thriving commercial and investment environment fostered by extensive road and infrastructure developments in the cities of Al Wakra and Al Wukair. The ongoing enhancements, in conjunction with the metro project and newly inaugurated road networks, bolster connectivity and accessibility, linking the compound seamlessly with various parts of the country, and contributing to the area's vibrancy and growth.
Announcement of tender to built & maintain homes in Kuwait
The Department of Documents and Contracts at the Public Authority for Housing Welfare (PAHW) announced that the tender for the establishment, completion and maintenance of 1,568 homes in Al-Nayeem area, in addition to public buildings, asphalt surface layer work, supply and installation of low and medium pressure cables, and lighting work, which will take 1,095 days during the fiscal year of 2023/2024. The tender will include model A for a total of 833 houses, and model B for 735 houses, in addition to two primary schools – one for boys and the other for girls.
Besides a middle school for boys and a secondary school for girls, it will also include a main mosque, housing for an imam and a muezzin, as well as implementing a low and medium pressure network for tender, implementing road lighting network works for tender, and implementing surface asphalt layer works for tender, the aforementioned components are final so far, these components will be confirmed before the date of launching the tender by the Pricing and Technical Review Department. Regarding the allocation of low-cost government housing in Sulaibiya, Taima, and Sabah Al-Salem Apartments, priority will be according to requests for the year 2000, and that reviews will be in the PAHW's external centers, which are – the Liberation Tower, Jahra, Qurain, and The Avenues from 8:30 am to 12:30 noon. In the main institution building, reviews will take place in the evening from 4:00 pm to 7:00 pm. In addition, PAHW is showcasing its electronic services that it provides to citizens through the government application Sahel, in an introductory pavilion that it will hold in the Ministries Complex until October 26 of this month, from 8:30 am to 12:30 pm.
PAHW stressed its keenness to be present in vital places to direct and guide citizens, inform them about its electronic services available through the government application Sahel, and respond to their inquiries related to residential care. The PAHW is working on completing the digital transformation of all the transactions it provides with the aim of making it easier for citizens, indicating that it is considered the first government entity to provide a special pavilion with a specialized team to receive citizens to introduce its services in the government application Sahel.
Plans unveiled for a new residential tower in Qatar
JMJ Group Holding, Qatar's visionary real estate leader, has unveiled details of the 29-storey JMJ Waterfront Residences at Cityscape Qatar, the country's leading real estate event. JMJ Waterfront Residences is a new luxurious waterfront tower built in the Lusail Waterfront District. This ground-breaking development will reflect the JMJ Group Holding's heritage of 14 years of delivering excellence. The project will be a testament to Qatar's and JMJ Group Holding's commitment to innovation and progress, emphasising a harmonious balance between urban convenience and natural beauty. This development will be a new benchmark in luxury living and raise the bar for real estate within Qatar. Just Real Estate has been appointed as the local sales agent while Knight Frank assumes role as regional and international sales agent.
Plans revealed to establish dry ports in Egypt
The Ministry of Transport revealed its plan to establish 10 dry ports and 15 logistic areas nationwide, revealing their locations and the step taken so far. Giza's 6th of October Dry Port has already been inaugurated, while contracts to finance, design, construct, operate, and maintain the dry port and logistic center at the 10th of Ramadan City in Cairo had been signed.
The rest will be situated in Menoufeya's Al Sadat City; Alexandria's New Borg Al Arab; New Damietta; New Fayoum; Beni Suef's Kom Abou Rady; New Sohag; Aswan's Qastal, Argin, Karkar Valley, and Abou Simbel; South Sinai's Al Tour, Taba, Ras Al Naqb, and Bir Al Abd; Matrouh's Saloum; North Sinai's Eastern Qantara, Rafah, Al Hasana, and Ras Sedr; and, Ismailiyah's Al Ouga.
MoU signed to develop & operate dry port in Egypt
Industrial Development Group (IDG) has initiated the process of signing a Memorandum of Understanding (MoU) with Star Shine to develop and operate the Dry Port of Koum Abou Rady. The estimated area of the port is currently 92 acres. However, negotiations are underway to expand the total area to an impressive 170 acres, with investments expected to reach approximately 500 million dollars. The initial phase of the project will cover 33 acres. The Dry Port of Koum Abou Rady is poised to become a crucial logistics hub, catering to the needs of businesses and streamlining the movement of goods within and beyond the governorate.
Star Shine will oversee the dry port's operations. The port's primary objective is to serve the industrial areas in Beni Suef, providing essential support to local businesses in their supply chain operations.
One of the key advantages of the dry port is its strategic location, which is expected to play a pivotal role in driving the growth of the local economy. By establishing a reliable and efficient logistics infrastructure, the port aims to attract more investments, boost trade volumes, and stimulate economic development in the region. IDG had submitted an expression of interest to the Governorate of Beni Suef for the development, management, and operation of an expansive industrial complex in Koum Abou Rady. Encompassing an area of approximately 70 feddans, this industrial complex will further contribute to the economic prosperity of the governorate.
SAR 26.9 mln contract signed for sports development project in Saudi Arabia
WAJA Co. signed a SAR 26.9 million contract with the Saudi Football Federation (SAFF) to develop the VIP, gold and silver rooms in King Abdullah Sports City. The contract is valid for 45 days. The company expected the deal to have a positive financial impact on its revenues & there are no related parties.
Agreement signed for hydrogen & CO2 infra projects in Oman
Building on its vision to support the development of low-carbon energy infrastructure in the Sultanate of Oman, OQ Gas Networks (OQGN) - the newly listed gas transportation company - has announced the signing of a Memorandum of Understanding (MoU) with Belgian-based energy infrastructure group Fluxys to explore cooperation in the establishment of hydrogen and carbon dioxide (CO2) infrastructure projects in Oman. The agreement underlines OQGN's dedication to fostering renewable energy and decarbonisation infrastructure in Oman. Fluxys and OQGN are both frontrunners in decarbonisation projects and they share the same key strategic focus on accelerating the energy transition. OQGN is committed to the development to renewable energy and decarbonisation infrastructure in Oman, supporting the country to swiftly become a renewable hydrogen export hub. Underscoring this anticipated role for OQGN in Oman's future green hydrogen economy, the company has signed an MoU with Hydrom, the nation's hydrogen industry master-planner and orchestrator, to explore the development of a pipeline network to support the transportation and storage of green hydrogen from production sites to utilization and export hubs. OQGN also foresees a role for itself in supporting CO2 capture and sequestration initiatives, which are key to reducing the carbon footprint of upstream operations, power and industrial sectors. With the installation of dedicated pipelines, carbon captured from gas-fired power generation and traditional industrial processes, such as cement manufacturing, can be transported to depleted gas fields, for example, for reinjection and storage.
Plans announced to build solar manufacturing unit in Saudi Arabia
GlassPoint, a leader in decarbonising industrial process heat, announced that it it will build a solar manufacturing facility and technology showcase in the Eastern Province of Saudi Arabia in partnership with the Ministry of Investment of Saudi Arabia (MISA). At full capacity, the factory will produce enough renewable energy solutions annually to generate 5,000 tons of solar steam each day, enough to offset four million MMBtus of gas and reduce carbon emissions by 200,000 tons each year. Products manufactured in the facility will be used for projects in the metals & mining, building materials and additional industrial sectors.
New fruits & vegetables wholesale logistics hubs will be establish in Egypt
Egypt's Ministry of Supply and Internal Trade launched its 'Green Food Hub' initiative, announcing the upcoming establishment of 17 logistics hubs for the wholesale of fruit and vegetables across the country. The hubs will provide facilities for the refrigeration, packing, and sorting of food products for local market distribution and exports.
The project will be implemented by the supply ministry with the coordination of the Ministry of International Cooperation (MOIC), the Internal Trade Development Authority (ITDA), and the French Development Agency (AFD). The green food hubs will utilize modern technology and clean energy in their operations and design, as well as recycle food waste using renewable energy.
The hubs will also recycle solid and nonsolid food waste - such as leftover remains of vegetables, fruits, fish, and meat. Through waste reduction, food product reserves will rise throughout the year and will support controlling prices. The first green food hub will be built in Ismailia with an area of 100 feddan and requires estimated investments worth EGP 3-4 billion. The first phase of the project will kick off in 2024 and is expected to be completed within two years.