Contractor to be finalized soon for a key solar project in Bahrain
APM Terminals Bahrain will finalise a contractor for a key solar project in the first week of July 2023. The company recently launched a solar power project worth BD3.8 million ($10 million) to render it energy self-sufficient by 2023-end. The project is Phase 1 of an ambitious $136-million plan to reach net-zero by 2040. The solar project will be completed in two parts: Part one is scheduled for completion by the year-end and part two by Q1 2024.
Overall, APM's green capex port includes the aforementioned solar project, which will help reduce 62 per cent of emissions (8,700 tCO2), equipment electrification, which will further cut 34 per cent (4,700 tCO2) while energy optimisation will reduce the remaining 4 per cent (600 tCO2). The solar project will comprise the installation of 20,000 11.4 Mwp solar panels on 70,000 sq m of sheds area at the port to generate around 18.4 GWh of power annually, more than its current needs of 15.6 GWh. The surplus will be contributed to the national grid as part of a net-metering deal with the country's Electricity and Water Authority.
$1.63 billion industrial project announced in Abu Dhabi
UAE Minister of Industry and Advanced Technology announced industrial projects, including the first Hydrogen Electrolyzer Plant, worth more than 6 billion dirhams ($1.63 billion), as part of a slew of initiatives to support the Make it in the Emirates programme. The hydrogen electrolyser plant produces green fuels. Increasing the value of purchase agreements for local manufacturers and industrial investments by more than AED10 billion and allocating more than AED20 billion via Abu Dhabi National Oil Co. (ADNOC) for the purchase of products exclusively from national factories.
Contract to be offered soon for seawater desalination projects in Egypt
Deputy Minister of Housing for Infrastructure Affairs anounced that egypt is expected to offer the first package of seawater desalination projects to the private sector in the third quarter (Q3) of 2023. The documents of the projects' first package, prepared by the Ministry of Housing alongside the Sovereign Fund of Egypt (TSFE) and other consultants, will be ready within the next three to four months. The country's plan includes 29 water desalination projects divided into several groups. Egypt has set six five-year water desalination plans extending to 2050. The first plan targets a 3.3 million cubic meter of desalinated water, with the aim of reaching 5.9 million cubic meters.
Contract to be awarded soon for oil projects in Kuwait
State-owned Kuwait Oil Company (KOC) intends to award 22 projects to local and foreign firms in the next few months. KOC, which manages the OPEC member's upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public Tenders. The projects include installation of pipelines at KOC's facilities in West Kuwait, providing maintenance services at KOC's export terminals, building pipelines at Jurassic gas areas in North Kuwait, and the construction of power networks in some areas. KOC awarded 41 contracts in Kuwait with a combined value of around 630 million Kuwaiti dinars ($2.8 billion) in the first four months of 2023. Another project will be awarded soon by the Kuwait National Petroleum Company, the Gulf state's downstream investment arm, for civilian construction work at Kuwait's Al-Ahmadi Oil Refinery.
Agreement signed for manufacturing non-oil products in Abu Dhabi
ADNOC announced at the Make it in the Emirates Forum in Abu Dhabi, new agreements with more than 60 UAE-based and international companies to locally manufacture critical non-oil products in its supply chain. The new agreements bring ADNOC closer to its target to locally manufacture AED70 billion ($19 billion) worth of products in its procurement pipeline which was announced at the last Make it in the Emirates forum in June 2022. In addition, the agreements have enabled AED2.84 billion ($774 million) to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities. ADNOC also accelerated its AED70 billion target to 2027, ahead of the previous target of 2030. Since the launch of Make it in the Emirates, ADNOC has more than tripled its direct spend with local manufacturers. ADNOC's Make it in the Emirates agreements are estimated to contribute to 10% of the AED172 billion ($46.9 billion) target in the Abu Dhabi Industrial Strategy which will double the size of Abu Dhabi's manufacturing sector. The agreements could also enable 21,500 jobs within the UAE by 2031.
Domestic manufacturing of critical industrial products strengthens the resilience of ADNOC's supply chain and provides greater flexibility to respond to market dynamics as the company decarbonizes its operations and invests in lower-carbon energy solutions. It also also supports the UAE Net Zero by 2050 Strategic Initiative as new investors are encouraged to adopt clean technologies while setting up in the UAE through incentives in ADNOC's In-Coutnry Value Program. Of the agreements signed to date, AED20 billion ($5.45 billion) is dedicated to local fabrication yards. These fabrication yards will create thousands of new job opportunities, drive gross domestic product (GDP) growth, and enhance the resilience of the local supply chain across multiple industrial sectors in the UAE.
Announcement of the project updates for water canals project in Bahrain
Diyar Al Muharraq has announced that the final preparations are under way for the smooth operation of the 3.5-km-long water canals within the developer's Al Naseem residential community. Giving the latest project update, the client said the channels have been filled with water and the readiness of the boats entrance gate is being studied for the smooth operation of the water canals. The implementation of the water canals and its systems were designed and supervised by a group of leading local and international consultancy firms specialized in marine projects, which included the construction of the entrance gate and water circulation systems for the internal water canals extending over 3.5 km.
With the completion of the final stage of commissioned work, the emplaced systems will operate around the clock to maintain the optimal water quality and water levels at all times. Spread over approximately 328,000 sq m area, Al Naseem consists of six types of villas available on freehold basis for all nationalities in both gated and non-gated communities. The gated community includes over 300 villas overlooking the water canal with the option of adding a private dock upon request and residential buildings holding up to 1,000 serviced apartments that are equipped with the latest amenities. The second community is an ungated neighbourhood with a 100-boat marina, and investment plots dedicated to accommodating six-storey residential buildings, in addition to a seaside shopping promenade that includes several restaurants and cafes.
Announcement of a new storage facility in Saudi Arabia
Amazon's Saudi unit has doubled its storage capacity with the launch of a new fulfillment centre in capital Riyadh, spanning 390,000 sq ft across five floors - approximately the size of five football fields. The centre will have a storage capacity of 2.7 million cubic feet, and will be able to store over 9 million products, enabling Amazon to delight customers with a wider selection of products across electronics, appliances, groceries, fashion, books, and more. This expansion will support more Saudi entrepreneurs and sellers to scale their businesses online. Amazon's expansion supports Saudi Arabia's logistics sector - one of NIDLP's four key sectors – bringing the latest innovations and technologies in ecommerce operations to the country. The new Fulfillment Center in Riyadh will further unlock the value of the Kingdom's resources by empowering local startups and entrepreneurs with improved global connectivity and access to new markets.
As the Kingdom accelerates towards a digital economy with a growing ecommerce market, the new Fulfillment Center will double Amazon's total storage capacity in Saudi Arabia. In support of Saudi Arabia's rising entrepreneurship culture and rapid development of small and medium enterprises (SMEs), the enhanced capacity will empower independent sellers to scale their businesses online. In order to reach a wider customer base faster and more efficiently, Saudi sellers can take advantage of the Fulfilled by Amazon (FBA) offering that allows them to store, pick, pack and ship customer orders through Amazon. The new Fulfillment Center is Amazon's most advanced in Saudi Arabia and brings 25+ years of global logistics technology and innovation in line with the Vision 2030 goal of establishing the Kingdom as the go-to logistics hub for the region. The new facility incorporates innovative solutions powered by Artificial Intelligence and Machine Learning in its operations and more than two and a half kilometers of conveyance equipment to ensure seamless fulfillment operations.
$417 million contract signed for oil export facility in Iraq
The Iraqi government has reportedly allocated approximately $417 million to build a third offshore oil export pipeline. State-owned Basra Oil Company (BOC) have signed a contract with the Dutch company Royal Boskalis, to build the two-million-bpd facility.
New colossal masterplan unveiled & launched in Dubai
Vice-President and Prime Minister of the UAE and Ruler of Dubai, has unveiled the masterplan for Palm Jebel Ali, a colossal development that is twice the size of Palm Jumeirah. This ambitious project aims to transform Dubai into the most stunning city globally and will feature an impressive array of 80 new hotels. Additionally it was announced that Palm Jebel Ali will encompass a remarkable 110 kilometres of pristine beaches. Part of the Dubai 2040 Urban Master Plan, Palm Jebel Ali is one of a series of visionary projects being undertaken by Dubai-based real estate master developer Nakheel. Palm Jebel Ali will raise the global benchmark in waterfront living and offer a breadth of luxury lifestyle amenities for residents, families and visitors, supporting the objective of the Dubai Economic Agenda D33 to consolidate Dubai's status as one of the world's top cities for business and tourism. The project also marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate. Spanning an area of 13.4 square kilometres and occupying an area twice the size of Palm Jumeirah, Palm Jebel Ali will feature extensive green spaces and unique waterfront experiences. The project will add approximately 110 kilometres of coastline to Dubai that will provide approximately 35,000 families with unrivalled luxury beachside living. Palm Jebel Ali will feature more than 80 hotels and resorts, and a wide choice of entertainment and leisure facilities that will contribute to Dubai's tourism sector, while distinguishing the archipelago as an aspirational residential destination in the city. Setting a model in contemporary urban planning practices, Palm Jebel Ali will feature mixed-use walkable neighbourhoods, incorporate smart city technologies and sustainability practices, as well as provide a diverse range of mobility options for residents, visitors and communities. The project been designed keeping sustainability in mind, with plans including renewable energy resources being incorporated into its infrastructure design, allowing it to become almost completely self-sufficient in terms of power generation once complete. As much as 30% of Palm Jebel Ali,s energy requirements will be obtained from renewable sources.
New agreement signed to build villas in Abu Dhabi
Q Holding Group has inked two agreements with Trojan General Contracting to design and build 1,742 villas for Emiratis in Al Samha and West Baniyas region of Abu Dhabi. The two agreements follow the partnership between Q Holding and Abu Dhabi Housing Authority to develop the two regions in line with Abu Dhabi's Vision 2030 to build sustainable cities and provide an advanced housing environment for citizens of the country. The scope of work in both conventions include the design, construction and infrastructure development for final delivery of the projects.
The strategic West Baniyas project is scheduled to be implemented over the next four years. The project will cover a large area of approximately six million sq m and the construction of 1,500 villas, with various necessary infrastructure works including roads, social, educational and service facilities, parks and green spaces.
The new Al Samha project will be implemented over 38 months, covering an area of more than half a million sq m. It involves the construction of 242 villas, as well as several necessary infrastructure works accompanying the project to provide environmental sustainability and comfort to its residents.
New pact signed for carbon removal project in Oman
Award-winning Omani carbon mineralization start-up 44.01 and Oman's Ministry of Energy and Minerals (MEM) have agreed a concession for the world's first commercial-scale peridotite mineralisation project. The project, which will begin in 2024 in the Hajar mountains, will be the largest peridotite mineralisation activity in the world, and the first commercial demonstration to mineralise multiple tonnes of CO2 per day. The project will take place at a site in Al Qabil, where 44.01 has already completed a successful pilot project to prove that their process is effective, safe and permanent.
44.01 will take CO2 captured from the atmosphere or from industrial processes, dissolve it in water and then inject it into peridotite formations deep underground, where it will mineralise, or turn into rock, meaning it can never escape back into the atmosphere. Peridotite, an ultramafic rock found in abundance across Oman, mineralises CO2 naturally, but this usually takes decades. 44.01's technology accelerates the process, offering a safe, permanent, scalable way of eliminating CO2 in less than a year. 44.01 eliminates CO2 by turning it into rock, removing it from the atmosphere safely, efficiently, and permanently.
$2 billion seismic contracts awarded for oil company in Saudi Arabia
Chinese seismic giant BGP has won multiple multibillion-dollar deals from Saudi Arabia's state-owned Saudi Aramco to conduct onshore and offshore seismic surveys in Saudi Arabia. Two onshore and three offshore 3D seismic contracts are valued at about $2 billion. Increased exploration and expansion projects in the Middle East have seen scaled up activities by Chinese service companies. China Oilfield Service Ltd Company, Offshore Oil Engineering Company and BGP have all refocused their businesses in the area, where the likes of Aramco, Abu Dhabi National Oil Company (Adnoc) and QatarEnergy have raised their capital spending for exploration in order to meet new production targets.
Contract awarded for a crude oil storage facility in Iraq
OPEC producer Iraq has awarded a project to a Chinese firm to build its largest crude oil depot for export with a capacity of around 3.2 million barrels. The China Petroleum Pipeline Engineering Company (CPP) will build the storage facility in Nasiriyah city in the Southern Dhi Qar Governorate. It will be Iraq's largest crude oil storage facility as it will be built on an area of around 2.5 million square metres. The facility would comprise seven large storage tankers, including four tankers for heavy crude and four for light crude. The project aims to pump crude through a pipeline to Faw Port, which is under construction in South Iraq. Crude will then be exported through Arabian Gulf ports. There are also plans to transport crude from the storage tankers through pipelines to refineries and power plants in central and North Iraq. The project is expected to be completed in the second quarter of 2025.
$40mln investment announced for building a factory in Egypt
Turkish leather producer Iskefe Holding is mulling over building a factory for the production of edible gelatin and leather derivatives in Egypt with $40 million in investments. The company is also considering developing and operating three production units at Roubiki Leather City for $6 million worth of investment. The company's targeted projects in Egypt aim to fulfill the needs of the Egyptian market and export production abroad.
Updation of work announced for mixed use development in Sharjah
Sharjah Investment and development Authority (Shurooq), has announced that work is in full swing at its Maryam Island - a mixed use development featuring 18 exquisite residential buildings comprising over 3,500 homes as well as other key amneities - and is due for competion in 2026. Spread over a sprawling 3.3 million sq ft area, the waterfront destination will offer unrivalled vistas of Al Mamzar Beach and Al Khan Lagoon. This vibrant location is being developed as a full-service community and will feature 18 exquisite residential buildings comprising over 3,500 units upon completion. The expansive project constitutes a unique living experience within a full-service community with a variety of activities and facilities including a nature-inspired waterfront promenade, a rejuvenating fitness centres and serene swimming pools, safe and fully equipped children's play areas, indoor gardens, as well as leisure facilities within each residential building.
The Phase 3 of the project - Rimal Residences featuring 203 units will be handed over in Q3 of 2024, while the Phase 4 - Jawaher Residences 1 & 2 - featuring 198 units is set for completion in Q4 of 2025, simultaneously with Phase 5 of the development - Crystal Residences (two-building structure boasting 234 units). It will also feature 16 retail spaces overlooking the water. The Phases 6 and 7 of the island's development - 340-units Mesk Residences and Aysha Residences 1 & 2 - will be fully completed in Q1 of 2026 and there after handed over to the residents.
Concession agreements signed for mining sector development in Oman
The Ministry of Energy and Minerals, Oman signed three agreements in the mining sector for exploring potash and lithium ore in Al Dhahirah and Al Wusta governorates. These agreements are in pursuit of a new methodology for the development of the mining sector, notably through the preparation of a concession agreement that covers legal, technical and financial instruments to be agreed by the Ministry and investors. The pact will spearhead the management of mineral ores' extraction from the specific concession areas. The agreements were signed by Minister of Energy and Minerals, and the companies, as follows:
- Mawarid Potash Mining Company (for Concession Area No. 53-B)
- Tasnim Projects Company (for Concession Area No. 53 - C) and
- Ara Natural Resources Company (for Concession Area No. 51 - C).
RO 11 Million agreements signed for development projects & services in Oman
Governor of Al Dakhiliyah, Oman signed several agreements to the tune of RO 11 million. The agreements cover implementing several projects, municipal services and development projects. The projects include paving internal roads in the Wilayats of Al Hamra, Buhla and Samail, in addition to improving the entrance to the Wilayat of Nizwa. Further, the projects include establishing a feed market in the Wilayat of Adam and a park in the Wilayat of Bidbid. Moreover, commercial areas will be developed in the Wilayats of Bidbid, Buhla, Nizwa and Manah.
Announcement of new launch of residential development in Dubai
Dubai-based developer Vincitore Realty announced the launch of its branded designer residences Dolce Vita. With a development value exceeding Dh800 million, the Dolce Vita Residences and Dolce Vita Suites project will comprise 479 branded designer residences, 220 luxury hotel suites, and 20 boutique designer retails. Dolce Vita, meaning 'e Sweet Life' in Italian, will be built in Arjan, Dubailand, close to Mediclinic Hospital and a short distance from Miracle Garden and Dubai Hills Mall, with two major airports nearby. e developer also offers curated payment plans for buyers with options ranging from studios to one-bedroom, imperial one-bedroom, and royal two-bedroom apartments. Dolce Vita represents the ultimate Italian lifestyle crafted by blending the world of branded designer residences with royal Italian hospitality. We aim to provide residents with a lifestyle that surpasses their expectations and brings them pure happiness and fulfilment. Each residence features designer ceilings, handcrafted artisan walls, gold accessories and finishes, and sundeck terrace balconies. e project also includes amenities like the Verde golf course, Venicia Retreat Lounge, and a 'Garden of Florence'. e development will also be home to Milano High Street Retail retail options and restaurants Gusto Italiano Ristorante, Crystal Heaven and Bella Vita Café.
New contract signed for retrofitting the tower in Saudi Arabia
The National Energy Services Company (Tarshid) has signed a contract with the Trade Center Company, a unit of Saudi-based Kingdom Holding, to start the detailed study required for retrofitting the Kingdom Tower in Riyadh and its associated facilities. This aims to increase energy efficiency and reduce energy consumption in the tower, which is one of Riyadh's prominent skyscrapers and a symbol of the capital's cultural identity. The joint collaboration is intended to enhance energy conservation efforts and implement sustainable energy efficiency solutions in all buildings across the Kingdom of Saudi Arabia, in line with the goals of Vision 2030. It will conduct field surveys and technical studies for the targeted buildings and facilities. Based on the findings of the study, Tarshid will advise on the best solutions to save energy and reduce consumption in the Kingdom Tower.
The energy efficiency retrofit project for the Kingdom Center will focus on five measures: lighting replacement, replacement of split-wall air conditioner units, retrofitting cooling systems (chillers), controlling of air conditioning units, installation of solar panels, and upgrading the building management systems (BMS). These measures will result in increased energy efficiency and reduced consumption in the Kingdom Center project. A major regional player, Tarshid is actively involved in retrofitting buildings in both the public and private sectors to increase energy efficiency. The Kingdom Center project is one of Tarshid's significant partnerships with the private sector, and the company encourages other private-sector companies to adopt a similar approach to environmental sustainability, resource preservation, and finding the best energy efficiency solutions for all buildings and facilities.
Announcement of new villas in Bahrain
Tameer, the real estate development arm of INOVEST Group unveiled its newest real estate offering, Talia, a stretch of villas located along the waters of Danat Al Bahrain, designed to mirror the perks of waterfront life. Phase 1 of Talia is the starting point for a total of 70 villas set along the coastline of the main island of Danat Al Bahrain. The villas are benchmarked to the highest of standards and accommodate a contemporary lifestyle that pairs state of the art amenities with the laid-back mindset of waterfront living. Each villa includes spacious and open living areas, three bedrooms with waterfront views, and allocations for a private deck, swimming pool, and jetty. Talia Villas are the first phase in a three-part residential strip, which will ultimately span the entire southern shore of the main island. Each of the villas has been designed to maximize views of the area's splendid canals, and to offer a match between a home designed for family living and a waterfront holiday home. Talia is perfectly situated to integrate with the primary commercial and leisure components of the overall Danat Al Bahrain project. The villas themselves feature well-designed interiors and exteriors that provide opportunities to entertain, and connect with family and friends, or simply relax. The villas sit on plots sizes that range between 300 to 325 square meters and reflect a modern architectural style and high specifications, the development is expected to take up to 18 months to complete.
AED 157.4 million water reservoir commissioned in Dubai
Dubai Electricity and Water Authority (DEWA) has commissioned a water reservoir in the Lusaily area. The project has a storage capacity of 60 million imperial gallons (MIG) and investments totalling AED 157.4 million. This supports DEWA's efforts to enhance water security and keep pace with the increase in demand. They continue to strengthen their robust state-of-the-art infrastructure and adopt innovation and the latest tools for anticipating the future. This supports the Dubai Integrated Water Resource Management Strategy 2030 and the UAE Water Security Strategy 2036. Their sound scientific planning has helped them keep pace with the growing demand for water in Dubai, according to the highest international standards. In 1992, DEWA's production capacity of desalinated water was 65 MIGD. Today it has increased to 490 MIGD. The water reservoirs they are building help increase the water flow and raise the volume of the Emirate's water reserve to meet the growing demand and increase the efficiency and reliability of water networks to support the sustainable development of Dubai. The new reinforced concrete reservoir in Lusaily has been built alongside the existing one, which stores 120 MIG of desalinated water.
Consultancy contract announced for a residential villas project in Saudi Arabia
Saudi-based Maximiliano Development Management Services (MDMS) announced that it been appointed by Sumou Real Estate to provide design consultancy services for Al-Aselah Residential Villas Project in Al-Fursan Suburb, Riyadh. MDMS will collaborate with Adeer, the exclusive provider of marketing services for the project, as part of the agreement. Spread over an area of 82,500 square metres, Al-Aselah features 326 villas. The external designs draw inspiration from Salmani architecture, promoting authenticity, creativity, flexibility, and harmonious integration with nature and climate.
New tender to be floated soon for an industrial city in Oman
The Public Establishment for Industrial Estates (Madayn) has completed the implementation of Phases 3 and 4 development works in Nizwa Industrial City, and is now gearing up to float a tender for the consultancy services project for Phase 5, covering an estimated area of 4 million sqm. Development works of Phases 3 and 4 were assigned to a local company in May 2020 as the total cost exceeded RO 5 million. The project included the construction of a 6.3-km internal roads, a paved pedestrian walkway along the roadsides, installation of 205 LED lighting poles, and the implementation of control and monitoring system at the industrial city's entrances and internal roads. The project also included two security guard rooms at the entrances, rainwater drainage channel, a 5.9-km irrigation network, an underground water tank, sewage and water networks, and fire-fighting system. Additionally, truck parking areas were created at the industrial city's entrance, comprising more than 90 parking spaces and covering a total area of 13,000 sqm, which will serve investors and cargo owners around the clock.
This project represents the commitment of Madayn towards supporting the growth of industrial cities and providing essential infrastructure services to attract both local and international investors. Madayn aims to further strengthen the contribution of these industrial cities to the in-country value in alignment with the priorities set forth in Oman Vision 2040. Nizwa Industrial City now covers a total area 7.2 million sqm following the approval of an expansion plan last year. The industrial city is home to 155 projects representing manufacturing, service and commercial sectors, recording investments exceeding RO 480 million. The workforce in the industrial city has reached 6,150, with an Omanisation rate of 45 per cent.
New contract awarded for residential apartments in Saudi Arabia
Scandinavian Industrialized Building System (SIBS), has been awarded a contract to deliver 2,174 apartments covering 35 buildings at Saudi futuristic city NEOM. Located in the kingdom's northwest, NEOM is one of the world's largest urbanization projects and will be a centre of world-leading innovation with a new model for how people live and develop sustainably. These homes, which will boast quality design and layout, are being set up within the primary staff accommodation and office cluster at the mega development.
Equipped with designer kitchens, exclusive bathrooms and balconies, these one- and two-bedroom apartments are being set up for the planning, engineering and construction staff. All these buildings will have solar panels on the roofs along with other efficient building solutions. As per the engineered equipment supply contract, SIBS will deliver the turn-key buildings by Q3 next year.
Announcement of extension of bids for several mining projects in Oman
Oman's Ministry of Energy and Minerals has announced the extension of the auction period for several mining projects in the country. The move is aimed at attracting more local and international companies to invest in Oman's mineral sector and to promote economic growth in the country. The auction process was initially launched in March 28, 2023, with a deadline of May 28, 2023, for interested companies to submit their bids. However, due to the high level of interest shown by local and international investors, the Ministry of Energy and Minerals has decided to extend the deadline for submitting bids until July 30, 2023. The projects that are up for auction include the exploration and mining of minerals in various parts of the country. The concession areas in Dhofar Governorate are believed to be rich in gypsum, limestone, dolomite, phosphates and clay. It covers Concession 71 — a 5,638 square kilometres (sq km) mining area, Concession 73 (1,551 sq km) and Concession 77 (1,355 sq km). In Al Sharqiyah North Governorate, copper, gold, silver, chrome and basalt are the raw materials expected in Concession 22-B (1,144 sq km), Concession 22-D (790 sq km) and Concession 22-E (810 sq km). The same raw materials are expected in Concession 11-A (1,438 sq km) located in Al Buraimi Governorate.
The Ministry of Energy and Minerals has stated that the projects offer significant opportunities for investors to participate in Oman's growing mining sector and contribute to the country's economic development. The mining sector in Oman has a proven history of producing top-notch mineral resources. In fact, the country holds the distinction of being the first GCC producer and exporter of ferrochrome, with production reaching 210,000 metric tonnes in 2020. This has contributed significantly to Oman's GDP, accounting for 1.4% of the country's total output, a marked improvement from 0.6% in 2019. Oman has also exported minerals and mineral products worth over $1.5 billion, and the government aims to increase this figure to 10% by 2040. In 2017, Oman became the world's top gypsum exporter, surpassing Thailand. The country supplied major global markets with 7.4 million tonnes of gypsum. However, in 2020-2021, the situation changed significantly, with Oman now accounting for 44.4% of the world's gypsum supply, which equates to roughly 17.5 million tonnes annually. The Ministry of Energy and Minerals is committed to promoting the mining sector in Oman and creating a conducive environment for investors. The government has implemented several measures to support the development of the mining sector, including the establishment of a dedicated mining authority and the introduction of new mining laws and regulations.
Implementation and repairing of damaged roads in Oman
The Public Establishment for Industrial Estates (Madayn) continues its efforts to repair the roads in Al Wadi Al Kabir Industrial City, with a tender awarded to a local company that has commenced the implementation and repairs on the damaged roads. The work is carried out during the evening hours to minimise disruption to traffic during the day, and the project is expected to be completed by the end of June. Due to the significance of ensuring utmost security, safety and environmental health standards and the necessity of re-planning the industrial city and enhancing the work environment, the decision came regarding transferring the affiliation of Al Wadi Al Kabir Industrial City to Madayn. Since Madayn took over the management of Al Wadi Al Kabir Industrial City, specifically the industrial blocks: (142, 144, 146, 154, 158), a tender was awarded for the consultancy services project for the rehabilitation and design of Al Wadi Al Kabir Industrial City. The project has commenced with design work and preliminary studies, with a completion rate of 50 per cent achieved so far. Madayn has also prepared a three-year implementation plan for Al Wadi Al Kabir Industrial City project and has identified the proposed industrial activities to address their respective situations.
Consultancy contract announced for a waterfront development in Kuwait
SSH, a prominent firm specializing in master planning, infrastructure, building design, and construction supervision in the Middle East, has secured a contract to provide design consultancy and supervision services for a captivating waterfront development in Kuwait. Stretching over 9.7 km, from the Yacht Club to Diyafa Village near Kuwait Towers, the project aims to enthrall both locals and visitors with a wide range of leisure activities and year-round events. SSH announced that the project will be implemented in collaboration with Ahmadiah Contracting and Trading. It will unfold in phases over the course of one year, ensuring an immersive experience that beautifully showcases the cultural and heritage essence of Kuwait. Designed with a focus on leisure and lifestyle, this premium project will offer a multitude of amenities. Visitors will enjoy a dedicated bicycle path, jogging path, recreational area for children, swimming areas, and venues for sports activities. The new waterfront development is set to house over 60 commercial outlets, creating exciting investment opportunities for Kuwaiti companies, according to the leading master planner.
New residential projects launched in Bahrain
Three new residential developments will add to Naseej's current portfolio valued at BD218.4 million ($580.8m) that it has delivered over the last 10 years. Announcing Nasayim Arad, BarBar and the Investment Lands Project as its latest ventures, the company said it has built more than 2,981 homes across Bahrain, ranging from social and affordable, to medium and high-end residential units.
Comprising a combination of villas and land plots for sale at competitive prices, Nasayim Arad is targeted at beneficiaries of the Housing and Urban Planning Ministry's social housing schemes. Located in Arad, the seafront development overlooks the fort and bay, and is within walking distance of Seef Mall Muharraq. Also in close proximity are the Bahrain International Airport, retail areas, hospitals, school and sports clubs. As part of the design and development of the Nasayim project, Naseej plans to incorporate smart home technology into the homes. This will allow residents to make future enhancements to their homes that can reduce waste, water, energy, and cooling usage. Work is well underway with Al Ansari Engineering Consultants contracted to design and implement the infrastructure works related to the villas.
The eighth project to be developed by Naseej in the kingdom is the Barbar development, located in Barbar-Budaiya within the Northern Governorate. Spread over an area of 150,000sqm, the project will also comprise of land plots and residential villas and is meant for the social housing scheme beneficiaries. The Barbar development project is part of the company's well-studied plans in selecting affordable housing projects in key areas in Bahrain where the demand exists.
Naseej is also planning to launch a new mixed-use development near the main access of Amwaj Islands. The project will cover an area of 125,000sqm and will have a larger portion allocated for residential villas and units. The development will also have a land sale component. The area is home to several key developments and facilities, such as the International School of Choueifat, New Amwaj Cinema, and retail component. It also has developed infrastructure and roads that provide easy access to Amwaj, Dilmunia Island, and Muharraq. The project is expected to be completed in 2024.
$10mln solar power project launched in Bahrain
APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced the launch of a ground-breaking solar power project worth approximately BD3.8 million ($10 million), which will make the port energy self-sufficient by the end of 2023. By implementing this project, the terminal will reduce its carbon emissions by 65 per cent while also securing a reliable and sustainable source of energy, effectively making Khalifa Bin Salman Port the region's first fully energy-sufficient seaport. The solar power project is part of APM Terminals' global decarbonisation plans, which aim to reduce greenhouse gas emissions by 70% by 2030 and achieve net zero by 2040. By the end of the solar implementation project, APM Terminals Bahrain will have installed 20,000 solar photovoltaic panels capable of generating 18.5 gigawatts of electricity per year. This renewable energy source will produce clean and sustainable energy for powering various port operations, including container handling, crane operations, and lighting, setting an example for the entire maritime industry.
Tender announced for construction of rainwater canals in Oman
Muscat Municipality announced that it has offered a tender for the construction of Phase II of the Rainwater Drainage Canal Project in the Mahaj area of Amerat following completion of its first phase. The area is prone to flash floods due to sudden overflowing of wadis, as it lacks a surface water drainage system. The project includes construction of a 18m wide and 1,100m long open canal, a box culvert - 3.5m wide, 2.5m high and 880m long - with three openings, and reconstruction of affected roads. These works will solve the problem of water accumulation in residential areas and enhance commercial movement in the area.
Plans underway for a pump manufacturing plant in Egypt
The United States-based global water solutions company Xylem has initiated a feasibility study for the second phase of its recently inaugurated pump manufacturing facility in Egypt. The endeavour is being carried out in collaboration with local firm Tiba Manzalawi Group. The initial phase of the project required an investment of 300 million Egyptian pounds ($9.71 million). With the growth of the Egyptian market, establishing a local manufacturing site became a viable option, and Xylem, in partnership with Tiba Manzalawi, made this factory a reality. Phase 1 of the plant, which covers 4,000 square meters (sqm) out of a total designated area of 9,000 sqm, has the capacity to produce between 2,000 and 4,000 water pumps annually. The project aligns with Xylem's commitment to support the Egyptian government's vision of enhancing local industrialisation, promoting import substitution, conserving foreign exchange, and generating local employment opportunities. The second phase of the plant is scheduled to commence within two years. During the initial phase, the plant will manufacture split-case centrifugal pumps for various applications, including irrigation, HVAC, and commercial building services, as well as end-suction pumps for industrial and irrigation purposes. The plant will produce and assemble complete units for Xylem's range of pumps, including Flygt, Lowara, and Bell & Gossett.
$676 million tourist resort to be build in Kuwait
Kuwait is planning to build a tourist resort on one of its islands at a cost of around 205 million Kuwaiti dinars ($676 million) as part of an ongoing economic diversification programme. The study, which has just been reviewed by the cabinet, proposed the project should be offered to investors on a 30-year lease basis and that the private sector should provide around KWD130 million ($429 million) in funding. The project comprises a 250-room family resort, a 180-room luxury hotel, 150 chalets, a 5,000 sqm area for rental purposes, a multi-purpose hall, sport facilities, shops, recreation centres, a marina and a public beach.
$3 billion investment agreement revealed for industrial projects in Egypt
Egypt's Suez Canal Economic Zone (SCZONE) has secured more than $3 billion in investments from Chinese companies in chemical, textile/apparel, power, pipes, and iron & steel industries. The list of projects includes:
- Shandong Tianyi Company plans to establish bromine and caustic soda production plants in TEDA Suez, with a total investment of $310 million. The bromine production plant, valued at $110 million, will cover an area of 270,000 square meters and have an annual production capacity of 140,000 tonnes. The caustic soda plant, valued at $200 million and spanning 300,000 square meters, will produce 500,000 tonnes of raw salt, 300,000 tonnes of soda ash, 270,000 tonnes of chlorine, and 75,000 tonnes of hydrogen annually.
- A subsidiary of Golden Spring Group signed an agreement for a textile project covering 66,000 sqm, with an investment of $12 million.
- Hidier Power Group signed two agreements with China-Africa TEDA Investment Co. The first agreement, valued at $265 million, involves the construction of a power station and substation capable of handling a power capacity of 200 megawatts at a voltage level of 220 kilovolts (kV). The second agreement, worth $100 million, focuses on the production of advanced combustion systems.
- The SCZONE delegation held discussions with Xinxing Ductile Iron Pipes Co, regarding a proposed $2 billion ductile cast iron pipe manufacturing plant in the Sokhna Industrial Zone. The first phase of the project will have an annual production capacity of 250,000 tonnes of ductile iron pipes, which is expected to increase to 500,000 tonnes per year in the second phase.
- Shanghai-headquartered ShengDa, a leading manufacturer of apparel, fashion accessories and home textiles signed a letter of intent with SCZONE to establish a project for the production of apparel in the Abu Khalifa area, west of the industrial zone in SCZONE.
- Another notable development was a joint venture proposal worth $300 million by Chengfeng Iron & Steel and Sinoma CDI to establish an iron production complex spanning 750,000 sqm in SCZONE. The project is set to be implemented in two phases.
- China-Africa Development Fund discussed investments in the pharmaceutical, automotive, and green fuel industries. Its also expressed readiness to finance projects involving Chinese investors in SCZONE, including those related to green hydrogen.
- Agreements were also signed with Chint Global Centre for energy project services and training, as well as with Zhejiang Centre for Commercial and Economic Services for training initiatives. Additionally, discussions took place with officials from Sany Heavy Industries and Construction Equipment to explore possibilities for manufacturing equipment for Egypt's green hydrogen sector, such as electrolysers, within SCZONE.
Plans underway for a petrochemical project in Iraq
Saudi Arabia could subscribe to the giant Nibras petrochemical project which will be built in Iraq by UK-headquartered Shell. Iraq and Saudi Arabia discussed the Kingdom's contribution to the $8.5 billion project during talks of their joint council in the Western Saudi Red Sea port of Jeddah. The discussions also covered the possibility of building a solar power plant in Iraq with Saudi funding and the planned electricity link between the two countries. Nibras would be constructed in the Southern port of Basra with a capacity of 1.8 million tonnes per year, could be launched within days. Iraq's government will control 51 percent of the joint venture, one of the region's largest petrochemical plants, while Shell will own 49 percent.
Proposals invited for streetlight PPP project in Sharjah
Sharjah Electricity, Water and Gas Authority (SEWA) has issued an expression of interest (EoI) notice seeking consultancy services for a streetlight public private partnership (PPP) project in Sharjah City. Qualified consultants with proven track record in designing and implementing smart and energy-efficient solutions through PPP have been invited to submit EOIs, according to a public notice issued by SEWA. The proposed PPP model will involve designing, building, financing, operating, and maintaining a streetlight network. SEWA recognises the importance of engaging with specialised consultants who can provide innovative solutions to optimise energy savings and operational efficiency, to develop a successful PPP model that benefits the community and the environment.
Announcement of a contract award for a new graphite complex in Saudi Arabia
Chevron Lummus Global LLC (CLG) announced a recent contract award from TAQAT Development Company for a new 75,000 TPA needle coke/synthetic graphite complex in Rabigh, Saudi Arabia. Under the agreement, Chevron Lummus Global will provide pilot plant testing, licensing, basic design, and additional engineering and operations support. The feedstock will be supplied by Rabigh Refining & Petrochemical Company (Petro Rabigh). The grassroots complex will utilize CLG's two-step coking process to convert feedstock streams, which would otherwise be used as fuel oil, into high-quality needle coke, and synthetic graphite. This process helps to reduce environmental impact by repurposing feedstock streams that would otherwise be considered lower-value or waste materials into valuable products, contributing to a more sustainable approach to resource utilization.
$17 billion Transportation linking project unveils in Iraq
Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure, linking Europe with the Middle East. Once completed, the $17 billion project known as the 'Route of Development' would span the length of the country, stretching 1,200 kilometres (745 miles) from the northern border with Turkey to the Gulf in the south. The project during a conference with transport ministry representatives from Iran, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, Syria, Turkey and the United Arab Emirates. The Route of Development will boost interdependence between the countries of the region. Developing the road and rail corridor would allow Iraq to capitalise on its geographical position, with the aim of making the country a transportation hub for goods and people moving between the Gulf, Turkey and Europe. Work has already started to increase capacity at the commercial port of Al-Faw, on the shores of the Gulf, where cargo is to be unloaded before it embarks on the new road and rail links. The project also includes the construction of around 15 train stations along the route, including in the major cities of Basra, Baghdad and Mosul, and up to the Turkish border. The planned works in that project would see 130 countries across Asia, Europe and Africa connected through land and sea infrastructure providing greater access to China.
Announcement of the launch of new villas in Dubai
Luxhabitat Sotheby's International Realty has announced the official launch of The Royal Villas, a key residential development featuring 18 exclusive four- and five-bedroom villas, in addition to a range of premium amenities, on Palm Jumeirah. Located at Jumeirah Zabeel Saray on the West Crescent of the Palm Jumeirah, these villas offer exhilarating views of the Arabian Gulf and Dubai's impressive skyline. The villas incorporate open living spaces, a fully-equipped kitchen, private terrace and deck, pool, private parking and entrances. This development presents an exceptional opportunity to purchase a property directly on the exclusive Palm Jumeirah. The plot itself holds immense value, surpassing that of the property alone. Situated in an ultra-prime location, it offers breathtaking views from every angle, accompanied by top-notch 5-star facilities and a private beach just steps away. There are no other new developments planned on such a prime location on The Palm Jumeirah with such a low density, outstanding amenities, and a price tag as attractive as this.
With a starting price of AED37 million ($10 million), The Royal Villas are designed to capture the spirit of the Ottoman era, featuring the finest materials including Turkish marble, rich dark wood and exterior ceramics. The Royal Villas are designed to the highest level of detail, complementing the beautiful beachfront within this exclusive community. Owners have the option to choose between having a private gym, children's playroom or an extra guest bedroom, all beautifully appointed with opulent fabrics and plush carpets in splendid shades of gold and ivory.
EGP 30bn agreement signed for developing real estate projects in Egypt
Sorouh Developments announced the signing of a strategic alliance agreement with RICON Construction and Energy to jointly develop a number of real estate projects with a total investment of EGP 30bn, starting with Entrada and Avenue Mall projects in the New Administrative Capital (NAC) with a total investment of approximately EGP 3bn. This cooperation achieves business integration between experiences and visions of both companies. The market and feasibility studies are currently being completed to expand the development of new projects in different and diverse areas.
Entrada is a residential development located on roughly 72 feddan in New Capital's R7 in front of the International Fairgrounds area. The company has started delivering the first phase of the project to customers.
Meanwhile, Avenue Mall project is a commercial, administrative, and medical mall located in the R7. It comprises a variety of services in one place including shops, offices, clinics, restaurants and cafes with various spaces. It also contains various basic and entertainment services on an area of 29,000 sqm.
Plans unveiled for a high-end residential project in Sharjah
The Sharjah Development and Investment Authority (Shurooq) has unveiled its luxurious residential project, Ajwan, at the ongoing Sharjah Real Estate Exhibition (Acres 2023). A key project, Ajwan promises its residents nature-inspired high-end living on the water's edge, and includes the first-of-its-kind waterpark in the eastern region, thus opening a unique window of investment opportunities in Khorfakkan. Inspired by the distinctive topographical setting of Khorfakkan, nestled between the Khorfakkan mountain and the pristine Gulf of Oman, Ajwan - Khorfakkan Residence is a visionary project envisioned by Shurooq. It aims to cultivate a thriving environment for families, communities, commerce and tourism in this charming and naturally diverse coastal town. The development has been named Ajwan, which is the plural form of the Arabic word 'Jawn', which describes a small bay or a body of water to draw a metaphorical relationship to the distinctive location project whose site is located on an 65,269 sq m plot of reclaimed earth by the shore surrounded by a port, a beach and mountainous landscape, and integrates the luxurious housing and facilities including waterpark promising thrilling adventures with its slides and water sports, swimming pools, access to open beach, and amenities accessible to the public. The development comprises six residential buildings featuring a remarkable array of 184 residences, ranging from spacious two-, three- and four-bedroom apartments to indulgent three-bedroom and four-bedroom duplex residences. The saleable area of these units' ranges from 124 sq m to 417 sq m. The unique landscape-style of the residential architecture preceded by terraces on each level sit above a state-of-the-art podium and a sprawling retail space in such a way that maximum, panoramic views can be enjoyed by the residents. The design is inspired by the fluidity and forms of the coastal conditions including landform and sea. On the first floor, the podium presents a diverse range of amenities and activities suitable for all ages. From the lap pool and kids pool to play areas, the podium offers an appealing living space with captivating water views. The ground floors of the complex are dedicated to commercial spaces, equipped with all the necessary amenities for project owners, while remaining easily accessible for residents of the complex. Moreover, this project is part of a large-scale, integrated, and multi-purpose real estate development. Situated within a secure gated community, the residence enjoys close proximity to Khorfakkan beach, a mere 5-minute drive from the town's iconic amphitheatre and waterfalls. Additionally, it is conveniently located just three minutes away from the renowned Al Rabi hiking trail and approximately an hour's drive from Sharjah International Airport.
New residential project launched in Dubai
Dubai's Samana Developers has launched its 350 million UAE dirhams ($95.31 million) Ivy Gardens residential project in Dubailand Residence Complex. This is the fourth project out of 12 planned projects for 2023. The 14-storey project spans over 300,000 sq. ft with 348 apartments and is scheduled for handover in May 2026.
Announcement of a planning to development of a green hydrogen plant in UAE
Dubai-based green energy company NWTN and CMEC Middle East (CMEC ME) announced plans to co-develop a 20 megawatt (MW) green hydrogen plant in the UAE. The proposed collaboration aligns with the UAE's hydrogen leadership roadmap and the 2050 national net zero target. NWTN will take on the task of securing approvals from the relevant government authorities and firms in the UAE, subsidy policies, marketing analysis, investors, off-takers, and other aspects related to green hydrogen and energy storage project development. CMEC ME will provide a comprehensive feasibility study report, assessing the technical, commercial, and financial viability of the projects based on the progress and cost arrangement agreed upon by both parties. CMEC ME will introduce technological resources from China to support the setting up of green hydrogen projects. As the project progresses to an appropriate stage, NWTN and CMEC ME will negotiate to enter into definitive agreements for the projects.
SAR 10.22 million contract awarded for an electrical project in Saudi Arabia
Rawasi Albina Investment Co. signed a contract with Shabakkat Cellular Co., at a total value of SAR 10.22 million (including value-added tax). Under the 16-month contract, the company will implement the project of replacing the existing electrical conventional ring main unit (RMU) with smart RMU equipment.
Announcement of a planning to build a fun city in Kuwait
OPEC oil producer Kuwait is planning to build a fun city with a value of nearly 200 million Kuwaiti dinars ($660 million) to attract tourists as part of an economic diversification strategy. The costs of the project in the coastal Doha area in the capital Kuwait City comprise around KWD80 million ($264 million) for infrastructure and KWD120 million ($396 million) as capital expenditure. The study expects the amusement city to attract more than 900,000 visitors by 2030 and to generate high income that will support the Gulf state's drive to lessen its heavy reliance on volatile oil export earnings. It stressed that the government needs to offer the project on a 50-year lease basis instead of the proposed three years in order to lure in investors. The project comprises an amusement park, sport courts, a hotel, water parks, shops and restaurants, and an electronic games centre.
New master plan for public beaches announced in Dubai
Prime Minister & Ruler of Dubai has approved the Dubai Master Plan for Public Beaches that aims to increase the total length of public beaches in the emirate by 400%. The plan, which forms part of the Dubai 2040 Urban Master Plan, features the opening of new beaches and the development of existing ones with advanced facilities. Layout and implementation phases of the Master Plan was reviewed, the short and long-term initiatives to be undertaken in each phase as well as the facilities, services and features to be added to each beach. The Dubai Master Plan for Public Beaches will increase the length of public beaches by 400% by 2040. Their total length will increase from 21 km to 105 km in the next 17 years. Public beaches spanning 84 km will be added to cater to the growth in the emirate's population and the influx of tourists from all over the world. Services offered on public beaches will increase by 300% by 2025. The new Master Plan demonstrates Dubai's commitment to providing unique experiences for beachgoers in line with the goal of the Dubai Economic Agenda D33 to consolidate the emirate's status as one of the top three cities for tourism.
The beach will be developed into an exceptional eco-tourism attraction featuring diverse activities. Mangrove trees will be planted in parts of the beach to boost protection from erosion and preserve marine animal habitats. The beach will have a variety of public services and amenities. The public beach will also have cycling and pedestrian tracks, aqua sports facilities, rest and recreation amenities, restaurants and food carts, shops and investment outlets as well as family spaces, beach camping and parking areas. A direct public bus route will be launched to link Jebel Ali Metro Station to the new Jebel Ali Public Beach offering direct access for beachgoers. The public will be able to visit turtle enclosures created at the beach in accordance with global standards for their protection. The enclosure will support nationwide efforts to save and rehabilitate turtle species and return them to their natural habitat, as part of the broader goal of preserving the country's marine environment.
The master plan also includes the further development of the Al Mamzar Public Beach (Creek and Corniche). The development project, which will commence in June this year, is set to be completed by the end of this year, 2023. The project will feature new public facilities, pedestrian and cycling tracks and the planting of mangrove trees along the Corniche section of the beach. As part of the new plan, a 4,000-metre cycling track will be added to the Al Mamzar public beaches and 9% of its public beaches will be designated for night swimming this year.
In 2024, the number of services at the beach will double and an additional 3% of public beaches will be designated for night swimming while in 2025, the beach services will increase three-fold and the length of cycling tracks will rise by 20%. An array of short and long-term initiatives will seek to boost investment in commercial facilities at the beach. In the short term, retail kiosks will be constructed on Jumeirah Beach 2 and Umm Suqeim 1 and the beach will see new water sports facilities and the installation of smart safe lockers. Long-term initiatives include a study to explore the offering of new commercial investment opportunities through the introduction of retail outlets, restaurants, and marine sports activities as well as the development of Jebel Ali Public Beach to provide camping facilities.
Announcement of the launch of a new residential apartments in Dubai
RAK Properties, has announced the launch of a new beachfront development featuring modern designs and luxurious amenities on Hayat Island in Ras Al Khaimah. Starting on 26 May, the 'Bayviews Residences' apartments will be available for public sales at the St. Regis Dubai, The Palm, offering the property's studios, one and two-bed apartments. Housing several lifestyle facilities, the development provides guests with access to recreational spaces such as an indoor gym, outdoor activities area, yoga breakout area, landscape leisure deck, and a swimming pool. In addition to that, the venue includes retail and F&B outlets within the ground floor of each building, complemented by the location's natural surroundings and direct access to Hayat Island beach.
Announcement of submission of interests in healthcare projects in Saudi Arbia
The Saudi Ministry of Health (MoH) and the National Centre for Privatisation & PPP (NCP) announced that a total of 200 companies submitted 424 expressions of interest in three healthcare Public Private Partnership (PPP) projects in Riyadh and Eastern regions. The Expression of Interest (EOI) tenders for the Long-Term Care (LTC) and Skilled Nursing Homes (SNH) Project; Medical Rehabilitation Hospitals Project and Home Healthcare Project for the Second Health Cluster in Riyadh region, and the First Health Cluster in the Eastern region in Dammam were issued on 13 March 2023 and closed on 16 April 2023. The three projects attracted the interest of companies from 21 countries across Asia, Europe, Australia, North America and the Middle East. A total of 139 companies from 16 countries expressed interest in the Extended Care project, 131 companies from 17 countries in the Medical Rehabilitation project and 154 companies from 14 countries in the Home Healthcare project. Saudi companies represented the majority of the submissions at about 70 percent. The Tadawul-listed Future Care Trading Company said it had been shortlisted to participate in the Home Healthcare project, which involves providing home-based healthcare services to 10,000 patients in Riyadh and Dammam.
The project details are as under:
Long-Term Care (LTC) and Skilled Nursing Homes (SNH) Project: Design, development, financing, maintenance and operation (medical and non-medical) of long-term care and skilled nursing home with a capacity of 200 beds and nursing care centres with a capacity of 100 beds for each region.
Medical Rehabilitation Hospitals Project: Design, development, financing, maintenance and operation (medical and non-medical) of medical rehabilitation hospitals with a capacity of 150 beds and 120,000 therapy sessions for outpatient patients for each region.
Home Healthcare Project: Medical services for 5,000 active patients in each region.
Commencement of construction of reverse osmosis plants in Dubai
Dubai-headquartered district cooling giant Emirates Central Cooling Systems Corporation (Empower) has commenced constructing reverse osmosis (RO) plants in three of its eight district cooling plants located on the man-made island of Palm Jumeirah. The RO plants remove salts, organic compounds, heavy metals and other impurities from treated water to enable its reuse in cooling tower operations. The move supports the Dubai government's strategy to rationalise the consumption of desalinated water in district cooling operations and promote the use of sustainable alternatives such as seawater and treated sewage effluent (TSE).
Contract award is expected for twelve substations in Kuwait
Kuwait's Public Authority for Housing Welfare (PAHW) is expected to award the engineering, procurement and construction (EPC) contract for twelve 11/132 kV substations in the non-residential suburbs of Al Mutlaa City by the third quarter of 2023. The engineering, procurement and construction (EPC) tender was issued on 12 February 2023 to qualified bidders and the bid submission was scheduled on 26 March 2023. The contract is expected to be awarded by end of third quarter 2023. Bidders include National Company for Electricity Boards ($157 million), Larsen & Toubro Kuwait Construction General Contracting Co. ($162 million), and National Contracting Company ($161.25 million). The scope of work involves the supply, installation, construction, completion, implementation and maintenance of twelve main substations with a voltage of 11/132 kV in the non-residential suburbs.
New partnership established to develop data centers in Saudi Arabia
The US-based DigitalBridge Group, Saudi Arabia's Public Investment Fund has joined as an investor in its new venture aimed at developing data centres in the Kingdom and other Gulf Cooperation Council (GCC) countries. The partnership will initially focus investments in the data centre sector and is expected to explore other future digital infrastructure segments, including macro towers, fibre, small cell, and edge infrastructure. The investment aims to localise cutting-edge technologies and support knowledge transfer to develop and operate hyperscale data centres and database servers in Saudi Arabia and the GCC region.
Announcement of new hotel in Dubai
Dubai-based Deyaar Development (Deyaar) announced the launch of its new hotel apartment project, Millennium Talia Residences, located in Al Furjan. The project would be Deyaar's second release in Al Furjan, and their fourth property managed by Millennium Hotels & Resorts.
Invitation of bids to development of the oil sites in Iraq
OPEC oil producer Iraq has invited bids for the development of 14 new oil and gas sites and said new firms would be pre-qualified for bidding. The sites in South and Central Iraq are part of the fifth round of licensing for international companies seeking to tap the Arab country's massive hydrocarbon resources. The oil sites in this round are located in the Southern Basra Governorate as well as in Saladin in Central Iraq, the Southwestern Maysan province and other parts of Iraq. The international companies which have not been pre-qualified in previous rounds must be subject to pre-qualification by the Ministry in the new licensing round.
New contracts awarded to establish OHTL in Saudi Arabia
The Power Transmission & Distribution (PT&D) Business of Larsen & Toubro (L&T), Construction announced that in the Kingdom of Saudi Arabia (KSA), the Business has secured two orders to establish 380kV overhead power transmission lines connecting prominent cities situated on the Red Sea coast. These systems will strengthen projects that involve 400KM of transmission lines to meet the growing demand in these industrial and tourism hubs. Another order has been secured to design, supply, and construct a 380kV substation in the central region of KSA. The substation will be a crucial element to evacuate renewable capacity as part of the Kingdom's diversification to non-fossil fuel sources in their electricity mix.
MoU signed to develop a mega hub in Abu Dhabi
AD Ports Group, signed an MoU with the world's largest producer of iron ore and nickel, and one of the largest logistics operators in Brazil, Vale S. A. (Vale), to develop a Mega Hub in Abu Dhabi for industrial complexes that produce low-carbon products for the steelmaking industry for both the local and seaborne markets, with a significant reduction of CO2 emissions. The agreement will see an allocation of land and related services from KEZAD for the Mega Hub, in addition to the development and management of a state-of-the-art handling facility at Khalifa Port, capable of accommodating Valemax vessels with a handling capacity of up to 50 million tonnes of cargo per annum. Furthermore, AD Ports Group will develop and manage conveyor infrastructure to transport iron ore and finished products to and from Khalifa Port and KEZAD and will be exploring commercial collaboration with Vale on the marketing and sale of various bi-products of the manufacturing process in the UAE and the wider region.
The agreement also includes a maritime collaboration to explore opportunities related to the management and operation of very large ore carriers (VLOCs) and other possible avenues of partnership. The Mega Hub initiative contributes to Vale's commitment to reduce 15 percent of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33 percent by 2030 and achieve net zero by 2050, in line with the Paris Agreement, leading the evolution process towards sustainable mining. By leveraging their collective strengths, AD Ports Group and Vale are seeking to enhance the overall efficiency of the global supply chain.
AED7 billion New housing projects announced in Abu Dhabi
Abu Dhabi Housing Authority has announced new housing projects in West Baniyas and Al Samha regions, totalling 1,742 residential villas for citizens at a cost of more than AED7 billion. To develop these projects, Abu Dhabi Housing Authority has signed two agreements with Q Holding PJSC, according to the terms the company will design and implement both projects for the benefit of Abu Dhabi Housing Authority. The West Baniyas residential project includes the construction of 1,500 residential villas and the implementation of infrastructure works, gardens, public facilities and services, in addition to the construction of eight mosques and 14 commercial buildings. The project is being built on a land area of 584.7 hectares, at a total cost of more than AED6.3 billion. It is expected to be completed by Q2 2027.
Al Samha project consists of 242 residential villas, in addition to the implementation of various infrastructure works, along with the construction of two mosques and a selection of retail units. The project is being built on a land area of 53.4 hectares, at a total cost of more than AED734 million, and is expected to be completed by Q4 2025.
The announcement of the two new projects follows Abu Dhabi Housing Authority announcing the completion of the expansion of Al Falah residential project through the addition of 899 residential villas to the original first and second phases of the project, during which 4,857 new residential properties were handed over to citizens in 2012, bringing the total number of residential villas in the region to 5,756.
Contract award is expected for sewage treatment plant in Oman
Oman Water and Wastewater Services Company (NAMA) is expected to award the engineering, procurement and construction (EPC) contract for its Sohar Sewage Treatment Plant Upgradation project in Sohar, by the third quarter of 2023. The tender for the EPC contract was issued on 25 April 2023 and the bid submission is scheduled on 5 June 2023. The contract is expected to be awarded in August 2023. The scope of the project involves design, construction, supply, installation, testing and commissioning of sewage treatment plant to increase the existing capacity from 10,000 cubic metres/day (m3/day) to 20,000 m3/day, using the Integrated Fixed Film Activated Sludge technology.
Agreement signed to design commercial towers in a district in Dubai
DMCC, the flagship free zone in Dubai, has signed up Brewer Smith Brewer Group (BSBG), a global architecture, design and engineering firm, to deliver the second phase of its flagship Uptown Dubai District, that will see the construction of two mid-rise commercial towers of 28 and 21 storeys. Engaged for lead consultancy, design and executive architecture, interior design, and structural engineering for the project, BSBG will deliver the next two commercial towers within Uptown Dubai. Spanning a total area of 5.8 million sq ft, Uptown Dubai will redefine premium mixed-use communities. On completion, the mid-rise towers will featuring a total of approximately 67,500 sq m of commercial space and 5,000 sq m for retail and F&B. These two towers will be a strong addition to this ever-growing district, helping the developer meet the high levels of FDI they continue to attract with a premium commercial offering.
Announcement of the launch of the major community in Abu Dhabi
Bloom Holding, has announced the launch of Casares, the third phase of its fully integrated and all-inclusive community in Abu Dhabi – Bloom Living. This comes following the remarkable success of the first phase, Cordoba, and the second phase, Toledo, which are on track for delivery in Q4 2024 and Q2 2025 respectively. Sales will commence for townhouses within the third phase Casares, which is named after a village of historical and artistic importance in the community of Andalusia in Spain. The key development, which will have a mix of two- and three-bedroom townhouses, is set for completion in 2026. Casares features a Community Center surrounded by lush greenery and stunning landscaping. Those living within Bloom Holding's Casares can benefit from a wide range of facilities available in the community, just within a short walking distance. Residents can explore the beauty of nature at Bloom Living's multiple uninterruptedly interconnected parks, and they can also enjoy their time at the community's main Clubhouse which provides easy access to pools, sports and recreational facilities, as well as a wellness centre. Additionally, at the heart of Bloom Living lies a Town Center that offers an array of retail and F&B options.
New residential community launched in Sharjah
Sharjah Sustainable City, a master-planned residential community developed by Sharjah Investment and Development Authority (Shurooq) and Diamond Developers, has launched the fourth and final phase, comprising 324 residential villas. The prices of three-bedroom villas start from 1.7 million UAE dirhams. The project, which extends over 7.2 million square feet in Sharjah's Al Rahmaniyah area, will ultimately house 1,250 sustainable villas.
$227 million New towers launched in Egypt
Egypt's Contact Developments launched Eval Towers, its fourth project in the New Administrative Capital (NAC) after Mercury Business Complex, Quan Tower and Cayo Mall, at a total investment of 7 billion Egyptian pounds ($227 million). The 18-storey twin-tower project, spanning an area of 9,100 square metres, will house offices, shops and a hotel. Eval Towers comprises two distinct buildings: an office tower and a hotel tower. The developer has appointed YBA Architects, International Expertise House and ACE Moharram Bakhoum for design and engineering, while CBRE will provide management and operation services for the project. Eval Towers would be implemented in four phases and be completed within the next four years.
Contract signed for interconnection project in Iraq
Çalık Enerji and the GCC Interconnection Authority ( GCCIA ) held a signing ceremony for the project containing Hybrid GIS at the Al-Faw Substation. The project involves designing, supplying, installing, testing, and commissioning two 90 MVAr shunt reactors. With this project, the first phase of the electricity transmission line of southern Iraq, which is planned to have a capacity of 500 MW, will be realized. The capacity is expected to reach 1800 MW in future phases of the project. The entire financing, along with other related projects, is provided by the Qatar Fund for Development (QFFD). Energy efficiency, environmental and operational health and safety regulations will be taken into consideration, and cutting-edge technology will be utilized throughout the project.
Agreement signed for developing integrated industrial complex in Oman
Brazilian mining giant Vale has signed a land reservation agreement with the Port of Duqm Company and a memorandum of understanding (MoU) with Marafiq to develop an Integrated Industrial Complex (Mega Hub) to produce low-carbon products for the steelmaking industry in the Special Economic Zone at Duqm (SEZAD). The signing ceremony took place at the Invest Oman Hall. The land reservation agreement between Vale and the Port of Duqm also commissions joint studies to build a Mega Hub in Oman. Additionally, an MoU was signed by Marafiq, a leading utilities service provider in the Special Economic Zone at Duqm. The MoU aims to provide the project with access to all the utilities and services required for its operations, while promoting the use of clean energy and green hydrogen at the Port of Duqm. The stakeholders have proposed the use of clean energy and green hydrogen in the upcoming Mega Hub. The planned industrial complex will cover an estimated total area of 6.78 sqkm and produce hot briquetted iron (HBI) and other steel products.
The Mega Hub initiative contributes to Vale's commitment to reduce 15 per cent of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its Scope 1 and 2 emissions by 33 per cent by 2030 and achieve net-zero by 2050, in line with the Paris Climate Agreement, leading the evolution towards sustainable mining. The development of Vale's Mega Hub Project is expected to produce HBI and steel products to supply both the local and export markets while significantly reducing CO2 emissions. The production of HBI using natural gas emits around 60 per cent less CO2 when compared to more traditional methods. In the future, the replacement of natural gas with hydrogen and the usage of renewable energy could eliminate CO2 emissions. Vale is expected to build and operate iron-ore concentration and briquetting plants within the hubs, securing the supply of high-grade agglomerated products. Local parties are expected to promote the construction of the required logistics infrastructure. Investors and/or clients are expected to construct and operate the direct reduction plants and be off-takers of HBI for either the export or domestic markets. These Mega Hubs shall supply different markets across the globe, supporting the de-carbonisation of the steelmaking industry.
Announcement of a planning to create a new resort in Saudi Arabia
The Royal Commission for AlUla (RCU) has announced its plans to create a new resort as part of the Journey Through Time (JTT) masterplan, reflecting a harmonious integration with the pristine natural environment and aligning with the Sustainability Charter for AlUla, Saudi Green Initiative, and Vision 2030. The AZULIK AlUla Resort, nestled within the Nabatean Horizon District of the JTT masterplan, will be an eco-luxury property. Situated near the AlMutadil Equestrian Village development and the upcoming Wadi AlFann, an ancient valley to be adorned with captivating large-scale artworks, the resort is set to captivate visitors. Anticipated to open its doors in 2027, the resort will encompass 76 opulent villas featuring six distinct styles. Alongside lavish accommodations, guests will enjoy a spa, VIP club, welcome lounges, all-day dining options, and the intriguing SFER IK museum. Embracing the natural ecosystem and the surrounding sandstone cliffs, the resort's exterior design will seamlessly flow, showcasing the use of natural materials and intricately woven fibres in multiple layers.
AZULIK AlUla Resort will promote connection with AlUla's heritage and the area's ecology and biodiversity. For example, the development will protect and incorporate nearby ancient rock art inscriptions, and utilise a natural system of existing waterways to feed irrigation and safeguard against floods. No private vehicle traffic will be allowed on-property; instead an all-electric mobility system will be provided, along with horse and camel routes, and hiking trails for guests to enjoy the surroundings. Operated by Mexican luxury brand AZULIK and designed by Roth Architecture, the resort will offer elegant accommodations for guests and provide socioeconomic benefits for the AlUla community. Once fully operational, AZULIK AlUla Resort will create more than 300 new jobs. Along with local materials and contractors sought for construction, most operational supplies will be sought from AlUla and wider KSA to further boost regional economic growth.
Announcement of new schools open in Iraq
The Minister of Education and Minister of Higher Education announced the opening of 16 new schools in several areas at the beginning of the next academic year, in addition to schools that have been maintained, indicating that most of them are in new residential areas. The opening of 6 new schools within the Horizon Schools project, to upgrade the educational system and improve its outputs, stressing the Ministry of Education's keenness to confront negative phenomena that some may resort to during the examination period. The ministry is in the process of conducting a rotation of the twelfth grade examination committees between educational regions, to put an end to negative phenomena, noting the cooperation with the ministries of Information, Interior and Commerce to confront electronic cheating devices during the examination period.
Announcement of launching of villa project in Egypt
Egyptian developer City Edge Developments announced on the launch of its highly anticipated villa project, V40, located in New Cairo at a total investment of 10 billion Egyptian pounds ($325 million). The 40-acre project will contain 71 villas on 20 acres while the remaining 20 acres will include shops, offices and recreational facilities. The first phase of the project will be delivered within 3.5 years. V40 project is designed by Design International and Mimar Architects, 87.5 percent of the land area will be dedicated to landscaped gardens, water features, lakes. V40 registered sales worth EGP 5 billion ($162 million) in the first quarter of 2023.
Commencement of construction of mixed-use developments in Egypt
Egyptian developer, Raaed Developments, has announced the initiation of construction works for the ROOTS project in New Sohag City, with an estimated total investment of approximately 1.8 billion Egyptian pounds ($58 million). The project covers an area of 87,000 square metres, and consists of 33 residential buildings containing 496 units including penthouses and duplexes, 12 villas, a commercial mall, and a social club. Sabbour Consulting is the project architect while Behairy Consultant Engineering is providing engineering and construction supervision services.
$3.25 billion Contract awarded to develop three new solar IPP in Saudi Arabia
The Water and Electricity Holding Company (Badeel), a wholly-owned company of the Public Investment Fund (PIF), and ACWA Power announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development, and operation of three major new solar PV Independent Power Producer (IPP) projects in Saudi Arabia. These projects intend to produce a combined capacity of 4.55GWac of renewable energy, powering approximately 750,000 households, with a combined value of SAR12.2 billion (US$3.25 billion). Financial close for these projects is expected by the third quarter of 2023. The Project are:
The Ar Rass 2 project having capacity of 2,000MWac
Saad 2 project having capacity of 1,125MWac
Al Kahfah project having a capacity of 1,425MWac
The solar projects are part of the National Renewable Energy Program (NREP) which is led and supervised by the Ministry of Energy, with PIF mandated to develop 70% of NREP's target capacity. The new projects will be jointly owned by Badeel and ACWA Power, a leading developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide.
OMR70 million usufructs contract signed in Oman
The Ministry of Housing and Urban Planning signed 10 usufructs (land lease) contracts with an investment value exceeding OMR70 million. The contracts cover commercial, industrial, health and agricultural sectors in the governorates of Muscat, Al Dhahirah and South Al Batinah. The total area of the projects is 1.3 million square metres (sqm). Most of the contracts were awarded for projects in the Governorate of Muscat.
- These include a land usufruct contract for the construction of a specialized hospital on an area of 40,000 sqm in the Wilayat of A'Seeb at an investment cost of OMR65 million.
- A second usufruct contract in the same Wilayat provides for the setting up of a cement factory on an area of 3,000 sqm for OMR1.2 million.
- In the Wilayat of Ibri in Al Dhahirah Governorate, a usufruct contract was signed for an agricultural project.
- In the Governorate of South Al Batinah, a usufruct contract was signed for the establishment of an industrial project for OMR1.2 million.
The contracts were signed by the Ministry of Housing and Urban Planning for Housing, and representatives of companies and establishments investing in the respective projects.
$1.437m Contract awarded for new airport in Bahrain
The Ministry of Transportation & Telecommunications has awarded Netherlands Airport Consultants a BD541,900 ($1.437m) contract to conduct an initial study for Bahrain's estimated $10 billion greenfield airport project. The Hague-based airport consultancy and engineering firm will oversee and coordinate the work of various specialist sub-consultants, serving as the principal adviser to the ministry. The multidisciplinary study encompasses public policy, development strategy, technical, economic, financial and regulatory analysis and evaluation. The new greenfield airport will eventually replace the existing Bahrain International airport (BIA) due to the inadequacy of its current infrastructure in meeting the kingdom's growing airport needs. The new airport will be developed on a reclaimed island north of Muharraq, where BIA is located.
Approval finalized for developing a resort masterplan in Saudi Arabia
Saudi Arabia's Eastern Province Municipality has granted its final approval to a revised Ajwan Resort masterplan. INOVEST holds a 37.6 percent stake in Saudi-based First Gulf Real Estate Company (FGREC), which owns Ajwan Resort. Previously known as Dannat Resort, Ajwan Resort, located in Half Moon Bay in the Eastern Province, spans an area of 1 million square metres with approximately 1.25 kilometres of open waterfront. The revised master plan with residential, commercial and leisure elements followed extensive consultations with Saudi property developer Sumou Holding, which is handling the resort's development in partnership with FGREC.
Key elements of the revised masterplan:
- Optimisation of land use for residential zones to better fit the area
- Sea-facing luxury villas and townhouses with dedicated beach access
- Increase in green zones and well distributed landscaped recreational areas
- Centralised retail with indoor and outdoor outlets
- Improved access to allow for fluidity in traffic movement in and around the area.
- Increase in the size of the resort to allow integrating additional amenities and service offerings for creating a holiday destination
$330 million contract signed to establish cement production line in Saudi Arabia
Saudi-based Southern Province Cement Company has signed a deal with Sinoma International Engineering Company to build a new production line with a total capacity of 5,000 tonne per day. The contract, which is worth $330 million, will also see the Chinese group lay the infrastructure for a similar production line in the kingdom. The entire project will be funded by a local bank and is due for completion within 30 months. The study of technical and financial offers from the companies that applied to compete for the implementation of the project had been completed & work was underway to draft and review the contract, and it will be signed after completing the necessary procedures.
Proposals invited for rebuilding a fertilizer plant in Iraq
Iraq has invited bids from investors to rebuild a fertiliser plant that has been crippled by the 1980-1988 war with nearby Iran for nearly four decades. Industry and Minerals Ministry announced that the they has already received an offer from an unnamed investor for the reconstruction of the facility. Abi Al-Khaseeb Plant halted operations 43 years ago after nearly 80 percent of the facility sustained severe damage because of the war. The offer to rebuild the factory would continue for 30 days after which the Ministry would select the winning bid. The Minister did not mention the plant's pre-war production but added that it is served by a small port in Basra and could be reconstructed within three years.
Plans underway to build a new motorway in Iraq
Iraq is planning to build a new motorway linking its capital Baghdad with Karbala city to replace an old road that was damaged by the war. Prime Minister ordered the construction of the 120-km (72 mile) motorway along with other rebuilding projects. A government team will visit the project site to determine the path of the new road between the capital and Karbala, which is located Southwest of Baghdad.
MoU Signed to establish luxury hotels in Saudi Arabia
The Tourism Development Fund (TDF) has announced the signing of a MoU with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the Kingdom of Saudi Arabia. The collaboration aims to develop several hospitality-led destinations which will enhance the tourism offering in Saudi Arabia. These destinations may include beach and urban hotels, as well as mountain, desert and farm retreats. They will be developed under Hyatt's existing trademarks, such as Alila Resorts, which offer an authentic wellness destination experience, or other trademarks such as Park Hyatt, Hyatt Centric, Grand Hyatt and any other Hyatt brands mutually agreed upon by the entities. The development of these hotels would be part of the Kingdom's National Tourism Strategy and in line with Saudi Vision 2030. This collaboration with Hyatt will help us to attract tourists and ensure that they receive a comfortable, high-quality experience in the Kingdom's top tourism destinations. The fund intends to provide financial resources and expertise to entrepreneurs worldwide looking to invest in the ten key destinations across Saudi Arabia that offer huge prospects across the tourism value chain.
Expansion of a cement factory is announced in Iraq
Pakistan's Lucky Cement Limited has announced a major expansion of its plant in Samawah, Iraq. It will add a new clinker production line with a capacity of 1.82 million tons per annum (MTPA). The Najmat-Al-Samawah (NAS) facility is a joint venture with Iraq's Al-Shamookh Group [al-Shumookh], and is currently described as a fully-integrated cement plant, with a capacity of 1.31 MTPA.
Invitation of bids for two marble-rich sites in Oman
Oman's Ministry of Energy and Minerals has invited interested investors and developers to bid for exclusive mining rights to two marble-rich sites located at Ibri in Al Dhahira Governorate. The two sites, covering a total area of 703,000 sq metres, represent promising investment opportunities for businesses operating within Oman's mineral sector. The mining sites selected for inclusion in this prestigious auction have been carefully chosen based on their exceptional geological composition and strategic location. Interested parties are invited to register for this momentous event, which provides a unique chance to participate and capitalize on this extraordinary occasion. The registration period will remain open until August 20, 2023, interested parties can send their queries via email at firstname.lastname@example.org.
Detailed insights can also be obtained by visiting the official website at www.mem.gov.om. It is the latest in a series of public auctions unveiled by the Ministry as part of its bid to open up Oman's promising mining sector to private investment and development. Just last month, the Ministry offered three sites at Ayoun in Dhofar Governorate for aggregate mining. The sites hold abundant reserves of construction materials that will contribute to the growth of the construction industry in Oman. Further, commercialization of these sites will also drive economic activities in Dhofar Governorate. Earlier, the Ministry launched a public auction of 7 mining concession areas, covering a total area of 12,726 square kilometers and distributed in the governorates of Dhofar, North Al Sharqiyah and Al Buraimi. The new blocks are home to industrial minerals such as gypsum, limestone, phosphate, dolomite and clay, as well as metallic minerals including gold, silver, copper, chromite and basalt.
Investment agreement signed to build a hospital in Saudi Arabia
Saudi-headquartered Dr. Sulaiman Al Habib Medical Services Group (HMG) has signed a conditional investment agreement with the Royal Commission for Jubail and Yanbu (RCJY) to construct and operate a hospital in Al-Dafi district of Jubail Industrial City. A land plot of 115,500 square meters has been allocated for the hospital. The company will submit the engineering drawings and project specifications, including the proposed development area and infrastructure works, for approval to RCJY within 12 months. Following the approval of the final engineering drawings, RCJY will finalise the investment agreement with HMG to lease the land for 50 Hijri years at an annual rent of 1.15 million Saudi riyals.
New agreement signed to development of a pilot polished water plant in Abu Dhabi
Khalifa Economic Zones Abu Dhabi - Kezad Group and Sustainable Water Solutions Holding Company (SWS) have signed a framework agreement under which they will cooperate on the development and operation of a pilot polished water plant, as well as polished water distribution to industries in Kezad Musaffah. The partnership aims to enhance the circular economy and sustainable water solutions in line with the UAE Water Security Strategy 2036. A number of industrial clients within Kezad Musaffah would greatly benefit from the availability of polished water. By filtering and treating the treated sewerage effluent (TSE), it will remove additional impurities and contaminants, generating non-potable water, suitable for industrial use.
This state-of-the-art polishing plant offers industries cost-effective access to premium recycled water, reducing reliance on potable water sources. As an increasingly sustainable water management solution, it helps lower the carbon footprint of many industrial sectors and promotes environmental consciousness. This initiative will preserve potable water for the burgeoning UAE population and propel the nation towards its sustainability objectives. SWS Holding, jointly with Kezad Group, will supervise the development and operations of the polishing plant, capable of treating a 20,000 cu m influent daily. Through the partnership, the parties will conduct a series of feasibility studies and technical site visits to enable manufacturing industries to access cost-effective recycled water.
New agreement signed to build a technology hub in Abu Dhabi
TGT Diagnostics announced it has signed an agreement to build a new technology hub in Abu Dhabi under an agreement with Khalifa Economic Zones Abu Dhabi -KEZAD Group. The new UAE facility is a major investment for TGT as it moves to strengthen its ties with customers in the Gulf region. Aiming to be fully functional by year end, the new technology hub will be home to TGT's scientific and engineering resources, research and development, information technology, software and AI development, manufacturing, maintenance, quality assurance, and headquarter functions.
$346 million Contracts signed for twelve new hotels in Saudi Arabia
Saudi Ministry of Tourism has announced the signing of an agreement with InterContinental Hotels Group (IHG) and Tasheed Contracting Company for the development of 12 new hotels across the kingdom. These hotel properties, which are expected to provide 2,500 rooms in total, will be built at a total investment of SR1.3 billion ($346 million). The target cities for the hotels include Makkah, Madinah, Riyadh, Jeddah, Taif, Abha, Tabuk, Jazan, AlUla, Al-Bahah, Yanbu, Hail, Al-Ahsa and Najran.
MoU signed to develop hospitality and tourism projects in Saudi Arabia
The Tourism Development Fund (TDF) has announced the signing of a Memorandum of Understanding (MoU) with the Radisson Hotel Group to develop hospitality and tourism projects across the Kingdom of Saudi Arabia. Under this agreement with the TDF, Radisson plans to grow its portfolio by a further several hotels to a total portfolio of over 50 hotels in the kingdom. According to TDF, the first project under this memorandum is expected to be announced in H2 of 2023. The strategic partnership between the two parties will see the development of several properties focused on urban hotels, resorts, serviced apartments and other unique assets with the objective of enhancing the tourism offering in the country.
The properties will be developed over the next several years in the targeted destinations under the Saudi National Tourism Strategy and in line with the Saudi Vision 2030. These investments provide nationals, residents and visitors with more tourism and leisure options, enhancing the quality of life across the kingdom.
Partnership established to develop hospitality projects in Saudi Arabia
Minor Hotels has partnered with Saudi Arabia's Tourism Development Fund (TDF) to collaboratively develop and manage top-tier hospitality and lifestyle projects in Saudi Arabia. The focus will be on mountain resorts, wellness resorts, and urban hotels. The first project under this partnership will be announced in the second half of this year, 2023. This strategic partnership between Minor Hotels and TDF will involve the development of multiple hospitality projects in exclusive regions of Saudi Arabia over the next few years. Minor Hotels will serve as the operator and partner in each project, with their flagship brands, including Anantara, Avani, Tivoli, and Oaks, establishing hospitality projects in mutually agreed locations across Saudi Arabia. The development of these hotels and resorts aligns with Saudi Arabia's National Tourism Strategy and the Saudi Vision 2030. The projects will be located in the targeted tourism destinations specified in the National Tourism Strategy and will be announced soon. The Tourism Development Fund of Saudi Arabia connects private sector investors with public funding opportunities to support tourism investment in the country.
As part of this partnership, the luxury brand Anantara will be involved in at least one of the projects. Anantara is renowned for its experience-focused hospitality in exciting global destinations. Avani Hotels & Resorts, known for its contemporary style and value, will also make its debut in the Kingdom through multiple properties developed in collaboration with Minor Hotels. Additionally, properties under other Minor brands, such as Tivoli and Oaks, will be developed within Saudi Arabia.
Contracts awarded for drilling extension in Qatar
Drilling contractor Northern Offshore has won extensions for three of its high-spec jack-up rigs to continue working for Qatargas for up to three more years. The Energy Enticer, Energy Edge and Energy Embracer will continue to work for Qatargas at its North Field. In 2019, the drilling contractor won long-term contracts for Energy Enticer and Energy Edge from Qatar Petroleum, now called QatarEnergy, which owns Qatargas. The two Gusto MSC CJ-50 rigs were built by Shanghai Waigaoqiao Shipbuilding (SWS) in China. The Energy Edge is capable of working in water depths of up to 400 feet and drilling to depths of 30,000 feet. The rig was ordered by Northern Offshore in 2014.
$4 billion contracts finalised for offshore oilfields in Saudi Arabia
A leading Italian engineering and construction giant has landed a sizeable offshore contract from Saudi Aramco for work on its Marjan oilfield, as a part of the Saudi state giant's long-term agreement (LTA) with international contracting players. Aramco has awarded multiple LTA contracts in recent months aimed at rejuvenating oil production from some of its largest offshore oilfields. More than $4 billion worth of LTA projects have either been awarded this year or are expected to be awarded within days, with multiple engineering, procurement, construction and installation deals to be in their tendering phase.
Rfqs will issue soon for three new IPP’s in Oman
Three new wind-based Independent Power Projects (IPPs) will be initiated for procurement this year as part of the Omani government's drive to promote the use of renewables for the nation's energy requirements. According to Oman Power and Water Procurement Company (OPWP), the sole national buyer of electricity and water output, a Request for Qualifications (RfQ) as well as a Request for Proposals (RfP) will be issued this year for wind-based IPPs planned at Duqm (Al Wusta Governorate), Jalaan Bani Bu Ali (South Al Sharqiyah Governorate) and Harweel (Dhofar Governorate). The three wind farms are among a portfolio of power and water related initiatives, identified by OPWP – part of Nama Group – as 'key priorities' for development in 2023. Included in the portfolio are commitments towards HSE and zero harm, renewable energy projects, water desalination schemes, and tariff-related studies. Wind Resource Assessment (WRA) studies have picked up pace following the launch of Oman's first wind farm – a 50 MW 13-turbine facility – at Harweel about three years ago. The studies have helped identify a number of optimal locations for the establishment of wind powered IPPs.
At Jalaan Bani Ali, authorities are weighing a 100 MW capacity wind IPP, with procurement processes running almost concurrently for similar wind farms in Duqm (200 MW) and Harweel (100 MW). Furthermore, in what is anticipated to be one of the most consequential years for Oman's renewable energy push, OPWP is also targeting the issuance of an RfQ and RfP for a new 500 MW solar IPP at Ibri. Dubbed Ibri III Solar IPP, the project is planned for development alongside the existing Ibri II Solar IPP. Separately, an RfQ and RfP are expected to go out as part of the procurement of Oman's first-ever Waste-to-Energy project. OPWP plans to procure the roughly 150 MW-capacity project in coordination with Oman Environmental Services Holding Company (be'ah). Also during 2023, OPWP plans to initiate a study into the feasibility of establishing a Concentrated Solar Power (CSP) plant in the country. A separate study will also explore options for energy storage and an optimized energy mix.
Development underway for fisheries port in Oman
The Duqm Industrial Fisheries Port has kick-started temporary operations, while actively developing a plan for the future. Fisheries Development Oman (FDO) is the lead partner in the consortium overseeing the operation of the facility in the Special Economic Zone (SEZ) at Duqm. The full project will include a research and design centre, a training centre, a government (services) building, and a fish market. The fish market will include an auction system, in addition to a fishery village that will serve artisan fishermen. The Duqm multipurpose port was built by the Special Economic Zone at Duqm (SEZAD), and is going to be operated by a consortium of companies including Fisheries Development Company (FDO), Oman Food Investment Company and the French port of Lorient. The seafood canning plant by FDO's subsidiary, International Seafood Company, is proceeding as planned. The plant, which has a capacity of 100 million cans per year, is expected to operate within the first quarter of 2024. It is targeted to award the full development by early next year & the project will be completed within 18 to 24 months from the award. The fisheries port project will also focus on providing local SMEs with opportunities within the fishery industry. The company signed six agreements with local SMEs to provide port services worth over RO 8 million.
Giant petrochemicals project to launch soon in Iraq
OPEC oil producer Iraq will launch Nibras project for the construction of the region's largest petrochemical plant within a few days. The project, a joint venture with the Royal Dutch Shell, could cost nearly $8.5 billion and would have a production capacity of around 1.8 million tonnes per year. Nibras, based in the Southern oil hub of Basra, would generate net earnings of nearly $1.4 billion per year and that Shell would own 49 percent of its shares. The Iraqi Oil and Industry Ministries will control 51 percent of the project, believed to be the world's fourth largest petrochemical complex. The project will be completed within 5-6 years and will generate total revenues of around $90 billion during its 35-year operational period.
The project was signed in 2015 but was blocked by cash shortages and internal conflicts, adding that it would turn Iraq into a global petrochemical producer. Now this is in the process of issuing ownership documents. This process could be completed within two weeks. The project is fully supported by the cabinet and expected its foundation stone to be laid within a few days.
Contract awarded for a new industrial city in Iraq
Iraq has selected an Australian construction company ACA Alliance to build a new industrial city in the Southern Basra city within plans to set up similar projects in various parts of the country. The project will have an area of nearly 435,000 square metres and will accommodate 69 industrial units. This project is part of a plan by the Ministry to build industrial cities in other parts of Iraq to expand the non-oil industrial base. The industrial city would include several industries and would contribute to creating jobs and supporting the domestic economy.
$133.33 million mixed-use project launched in Saudi Arabia
Riyad Capital, the investment arm of Riyad Bank, announced the launch of 500 million Saudi riyal ($133.33 million) Riyadh Real Estate Development Fund - Durrat Hittin in partnership with Al Ramz Real Estate Company. The fund will develop a mixed-use project in Hittin district in Riyadh on a total area of 27,119 square metres. The mixed-use complex will have a leasable area of 30,000 sqm, comprising offices, retail and hospitality.
Proposals invited for oil sites in Iraq
OPEC producer Iraq has invited international companies to bid for projects to develop oil and gas sites within a new licensing round. 13 oil sites in various parts of Iraq are included in the 5 plus licensing round. Through this round, the Ministry aims to boost the country's oil and gas production and reserves, and encourage investment in the hydrocarbon sector in cooperation with global companies. The sites are located in the Southern Basra province, Baghdad, Nineveh in the North, the Southeastern Maysan Governorate, Wasit in the East and Saladin in Central Iraq.
Agreement signed for radioactive waste management projects in UAE
BEEAH Group, the sustainability pioneer and digital expert in the Middle East and North Africa (MENA) region, has signed a Joint Development Agreement (JDA) with Atkins, the leading global design, engineering and project management consultancy and a member of the SNC-Lavalin Group, to enhance collaboration between the two organizations in the delivery of projects relating to the off-site treatment of radioactive waste produced by nuclear facilities in the UAE and the wider MENA region. As part of the JDA, Atkins will work with BEEAH Group on identifying market opportunities for developing radioactive waste disposal facilities, ranging from thermal treatment, size reduction, decontamination, assessment and disposal. The agreement signing ceremony was held at the World Utilities Congress, Abu Dhabi, UAE.
Construction commencement of new residential units in Saudi Arabia
Thabat Real Estate Development Company announced the commencement of the first construction phase of the 'Aseeb: project, located in a unique destination between Khobar and Dammam. The project is in the heart of 'Tharwa': Town, the latest smart city in the Eastern Province, in which, through it, the Thabat Real Estate Development Company intends to reflect modern living by building 53 luxurious residential units in the middle of an integrated residential community, facilitating quick access for its residents to the most essential nearby vital areas. The project is a few minutes from the southern Dammam Corniche, Al-Rakah area, and Imam Abdulrahman Bin Faisal University.
The 'Aseeb' project's designs follow the modern style. The residential units and their facilities are rich with the best engineering elements, which elaborately and harmoniously match the surrounding green areas, facilities, service, and commercial points. Furthermore, the residents will benefit from sustainable building specifications, which guarantee them to live in a residential area built on top of a solid foundation and with cutting-edge building standards. The first phase of the 'Aseeb' project will be on sale in the coming months, as Thabat Real Estate Development Company intends to unveil the designs of its upcoming residential units, which come of different areas of 520 square meters for one villa to meet the requirements of Saudi markets in terms of promising building potentials, and distinctive designs.
Major restoration of a clocktower is underway in Dubai
Dubai Municipality has started the development of the Deira Clocktower Roundabout to improve its aesthetic appeal by integrating hard floors with greenery and multi-coloured lighting along with upgrading the design of the water fountain. It is one of the remarkable memorials and architectural landmarks that city is known for. By maintaining Dubai's historical and architectural landmarks, and safeguarding them for future generations, this project helps the Municipality to achieve its objectives of implementing high-level sustainable urban planning that will improve the city's appeal. The project also comes in line with Dubai 2040 Urban Master Plan, which outlines a detailed strategy for sustainable urban development in the Emirate of Dubai with a focus on boosting the quality of life and happiness of people, as well as reinforcing the Emirate's global competitiveness.
The project, which will last for three months, includes decorative gardening, replacing old floors with hard floors, implementing multi-coloured lighting, and revamping the fountain. Dubai Municipality will ensure that the new modern design of the roundabout matches Dubai's theme while also preserving the old structure of the Clocktower roundabout without interrupting its historical or architectural significance. The Deira Clocktower roundabout is a significant historical and architectural landmark and is one of the most stunning clock towers across the globe.
Plans unveiled for a luxury residence in Dubai
Dubai developer Binghatti has revealed its collaboration with super car manufacturer Bugatti to build the world's first Bugatti Residences in the city. The collaboration between Bugatti and Binghatti is a testament to the synergy between the two brands. Through distinctive architecture, characterised by bold and complex designs, Binghatti has brought to real estate the same craftsmanship and artistry that Bugatti has transformed the automotive industry with. In doing so, Binghatti has displayed continuous design innovation, while simultaneously preserving its heritage and DNA. The two like-minded brands - both family-founded - will create a residence that translates Bugatti's philosophy and design DNA, Art, Forme Technique, into an architectural masterpiece. The project will emulate the Bugatti experience not through merely applying design cues of Molsheim's hyper sports cars in an architectural setting, but by creating an authentic atmosphere of excellence and flair, inspired by Bugatti's design DNA. The nature of this project is also driven by expert craftsmanship and Bugatti's impeccable heritage as a French luxury brand. The architectural masterpiece created through this collaboration evokes emotions in the same way Bugatti has captured the hearts of enthusiasts all over the world since 1909.
The Bugatti Residences will reflect the serenity of the French Riviera in the heart of Dubai - an oasis of timeless art de vivre within the bustling city. Further details will be revealed at the launch of the Bugatti Residences by Binghatti where the two brands will host an event at the Coca-Cola Arena in Dubai on 24 May 2023.
MoU signed to build $450 million green methanol plant in Egypt
Alexandria National Refining and Petrochemical Company (ANRPC) and the Norwegian renewable energy company Scatec, signed a MoU to build a new $450 million green methanol production project and will be located in the port of Damietta. The green methanol plant aims to have an annual production capacity of 40,000 tons of green methanol with the aim to be increased to 200,000 tons annually. This agreement will position Egypt as an important player in the field of green fuel production, and will include the construction of renewable energy stations with 40 megawatts solar energy capacity and 120 megawatts for wind energy capacity, and a green hydrogen analyzer with a capacity of 60 megawatts.
Investment Agreement revealed for gas growth integrated project in Iraq
French giant TotalEnergies is set to kick start promised multi-billion dollar oil, gas and renewables investments in Iraq by finalising key contracts with state-owned Basrah Oil Company. Oil minister for upstream affairs said the two players are now in the process of finalising some contractual procedures and documents necessary to activate the contract. Meetings continue with TotalEnergies to avoid any delay and the contract will be activated in the second half of this year to start operations. TotalEnergies and its partners will invest $10 billion in projects that will include recovery of flared gas on three oilfields in order to supply gas to power generation plants and building a seawater treatment plant in order to provide water injection for pressure maintenance to increase regional oil production. In addition, the company will develop a 1-gigawatt solar power plant to supply electricity to the Basrah regional grid. In agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join this solar project.
The deal was initially signed in 2021 for TotalEnergies to build oil, gas and renewables projects in Iraq in the southern part of the country over 25 years, but was delayed amid disputes between Iraqi politicians over terms. TotalEnergies poised to pick up a 45% stake in the country's Gas Growth Integrated Project (GGIP). QatarEnergies will step in with a 25% stake, while state-owned Basrah Oil Company will pick up a 30% stake in the Iraqi project.
Construction progress revealed for an industrial city in Iraq
Iraq's Ministry of Planning has revealed that the first phase of the industrial city project in Dhi Qar Governorate, which covers an area of 200 square kilometers, is almost complete. The project, intended to boost national industry and attract local and foreign investment to Iraq, is being implemented in two phases across a land area of 200 square kilometres. The Ministry of Planning informed that the first phase is 83 percent complete and is expected to be finalised by the end of 2023.
Included in the first phase are residential buildings, health centres, police stations, entertainment facilities, malls, storage and unloading yards, light and medium factories, as well as public service buildings. Infrastructure features comprise a 25-megawatt power plant, potable water supply networks, storm-water drainage networks, sewage treatment plants, and sewerage networks. The Ministry has cited a shortage of funds as the primary obstacle to the construction of a 14-kilometre water pipeline that will link the project to the Euphrates River and the establishment of transformer stations that will obtain electricity from the high-voltage grids traversing the project. Ministry has urged the relevant authorities to address these issues promptly to ensure timely completion of the project in accordance with the planned timelines.
$97 million waterside residential phase launched in Egypt
Egypt's Wadi Degla Developments (WDD) announced the launch of Waterside, the third phase of its 8 billion Egyptian pounds ($259 million) Murano mixed-use development in Ain Sokhna. Phase 3, which comprises 300 units, would be developed at an investment of EGP 3 billion ($97 million). It is confirmed that Phase 1, which comprises 600 units, has been completed and delivered while construction of the 720-unit Phase 2 is underway. The sea-facing Murano development spans an area of 470,000 square metres (sqm), and includes about 2,320 villa units, a hotel, private beach, a marina, commercial spaces, and green areas. The hotel, scheduled to be launched in two months, would be a 5-star property with 125 keys, and operated under Al Masa brand. WDD is collaborating with real estate development consultant Injaz on the third phase in terms of unit architecture, interior designs and landscapes.
Work in progress for road rehabilitation & widening in Iraq
Work is underway to rehabilitate and widen the northern entrance to Baghdad (Baghdad-Nineveh), with completion rates reaching 16 percent after overcoming initial project hurdles. A special team from the Ministry carried out a field visit to the project and addressed problems that had previously hindered its implementation. The project includes the rehabilitation, widening and development of a 33-km, 15-metre road, which will be expanded to eight lanes, with four for incoming and four for outgoing traffic, separated by a concrete barrier. The development will also include lighting. Although the project faced issues with oil pipes and optical cables, most have been resolved, with rubble removal operations complete. The ministry aims to complete the project as soon as possible.
Construction work is underway for sewage treatment project in Iraq
The Nasiriyah 2 Sewage Treatment Project, located in Al-Nasiriyah in Dhi Qar governorate in southern Iraq, will be completed next year after overcoming delays. Ministry of Planning told that the 120,000 cubic metres per day (m3/day) sewage treatment project has achieved 75 percent completion rate. The project comprises of two STPs - a 60,000 m3/day plant spread over 40 acres for the Al-Shamiya area and a 60,000 m3/day plant for the Al-Jazeera area, covering 30 acres. The project, estimated to cost 139 billion Iraqi dinars ($106.1 million) is will serve approximately 600,000 people areas and is slated to be finished in mid-2024.
Agreement signed for establishing food factories in Jordan
Ministry of Agriculture signed agreements with a number of investors to establish four food factories with an investment volume of up to JD2 million. The agreements include establishing a potato factory for partial production, a factory for the processing and packaging of vegetables and two mushroom production factories, the Jordan. The factories are expected to provide more than 100 job opportunities. The Jordanian Palestinian Agricultural Marketing Company (JPACO) will follow up on all contracts and prepare marketing plans to find external marketing opportunities. The project, intended to stimulate agro-industries in industrial cities, is an extension of the National Sustainable Agriculture Plan, which was implemented upon Royal directives to enhance food security and develop food industries in partnership with the private sectors. The project aims to link agricultural production to industry in order to increase the added value of agricultural products, control excess production, increase exports, improve farmers' income and provide new job opportunities. The agreements signed will be launched in industrial cities in the Irbid, Karak, Tafileh and Amman governorates.
Construction work is underway for a ring road in Iraq
The construction of the Al-Kut Ring Road, which connects Baghdad Governorate with the southern and central governorates and is a crucial passage for trucks loaded with goods from Basra ports and border crossings, is set to be completed by the end of this year, 2023. The 20-kilometre-long road has reached an 84 percent, adding that the strategic project will help boost trade and reduce traffic accidents in the governorate. The project includes three bridges: The Kut entrance bridge, and the Kut-Badra intersection bridge of 65 metres length each, and the Kut-Amarah entrance bridge with a length of 90 metres.
A follow-up team from the Ministry detected problems hindering the project's progress. These include the presence of power transmission cables, the Kut-Baghdad check point, and the use of the road by vehicles transporting construction materials. In response, the Ministry of Planning has called on the concerned authorities to expedite the removal of these obstacles to complete the project as quickly as possible.
Tender for development of corniche to be floated soon in Bahrain
Work on the new BD5 million state-of-the-art King Faisal Corniche is set to begin in December 2023. Plans for the project - which will feature family rest areas, investment spaces, light sports and cycling tracks, an open square and a monument for the Supreme Council for Women (SCW) - have been approved by the Capital Trustees Board. The Works Ministry will supervise the project on behalf of the Municipalities Affairs and Agriculture Ministry.The plans were presented for recommendation by the Housing and Urban Planning Ministry. The project will be tendered this month, awarded in August, the contract signed in October, before work begins in December 2023. It would complement a multi-million dinar expansion of a popular seafront mall, which will include an ice rink.
Partnership announced for opening luxury hotels in Saudi Arabia
Accor announced it is partnering with Saudi developer Erth Real Estate Company to open three new hotels in capital Riyadh. The 230-key Raffles Riyadh hotel and the 250-key Sofitel Extended Stay Serviced Residences - would be located within the 4.2 billion ($1.1 billion) Saudi Riyal Al Yasmin District mixed-use project. A 60-villa MGallery Resort Riyadh, the third hotel, would be located in the Al Waseel district in a wadi surrounded by date farms. The company said all three hotels will open by 2027, adding that the lead architect is Foster + Partners.
Luxury residential apartment projects launched in Dubai
Dubai-based Prestige One Developments announced the launch of two luxury residential apartment projects in Dubai Sports City and Jumeirah Village Circle.
The 14-storey Vista, designed by LACASA Architects, will comprise 140 apartments. Amenities, such as an electric vehicle charging station, a landscaped jogging track, a multi-sport court, etc., will be offered in the Dubai Sports City project, which will have a total built-up area of 263,908.90 square feet.
On the other hand, The Residence, a five-floor project with 98 units, will have a built-up area of 160,837 square feet in Jumeirah Village Circle. No details were given on the cost and construction timelines of the projects.
Work to commence soon for road infrastructure project in Abu Dhabi
The Abu Dhabi Investment Office (ADIO), in collaboration with the Department of Municipalities and Transport (DMT), announced that Phase 2 of the emirate's energy-efficient Road Lighting LED public-private partnership (PPP) project had reached financial close. Nojoom, a 50-50 joint venture between EDF and ENGIE, was selected to deliver this key infrastructure project in the UAE capital. The project includes the finance, supply, installation, operation and maintenance of 133,473 LED energy-efficient luminaires in Abu Dhabi. Over the 12-year concession period, it will result in almost 2,400 million kWh of electricity savings, approximately equivalent to a 74 percent reduction in power consumption. With financial close reached, work will now commence.
The Road Lighting LED PPP project highlights DMT's adherence to the highest governance standards, social responsibility, and environmental sustainability. The project's successful implementation will result in significant energy savings and contribute to the UAE's Net Zero 2050 strategic initiative, further reinforcing DMT's commitment towards sustainable development. DMT played a critical role in the selection process of the winning consortium for the Road Lighting LED PPP project. After thoroughly evaluating the proposals submitted by pre-qualified bidders, EDF and ENGIE signed a partnership agreement with the DMT to deliver the project. The project was procured following Abu Dhabi's PPP Law and ADIO's Partnership Projects Guidebook and Environmental, Social and Governance (ESG) Policy. EDF and ENGIE signed a partnership agreement with DMT after a thorough three-stage evaluation of the proposals submitted by pre-qualified bidders. The selected consortium will deliver the project over five phases covering smaller geographical zones across Abu Dhabi to ensure the highest efficiency and sustainability standards.
Agreement signed for a major international knowledge project in Abu Dhabi
Abu Dhabi Future Energy Company (Masdar) has signed an co-operation agreement with the International Renewable Energy Agency (Irena) for a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. The main objective of the project is to establish a global baseline for renewable energy, with a focus on solar, wind, hydropower, geothermal, and other technologies including battery storage, complemented by region-specific data. The MoU was signed to collaborate on a project for COP28 that will outline global targets for renewable energy by 2030. Masdar has already committed to growing its total capacity five-fold to 100GW by the end of the decade and this joint research project with Irena will emphasize the vital role of renewable energy in limiting global warming when the world comes together at COP28. The transition to renewables provides a sustainable and affordable solution to many of the challenges faced today, and have the technology to deploy at speed and scale. In 2022, a record 300 gigawatts (GW) of renewables were added and renewable power now accounts for 40% of total installed generation capacity globally. The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions and provide recommendations for action, particularly in the context of COP28.
MoU signed for implementing a railway infrastructure project in Iraq
The heads of Iran and Iraq railways have signed a Memorandum of Understanding (MoU) for the implementation of the Shalamcheh-Basra Railway. The agreement was signed at the Iranian consulate in Basra, marking a significant step towards the development of this crucial infrastructure project.
The project had been in the pipeline for almost 17 months since the initial agreement was signed. During the visit, railway officials from both countries assessed various key areas, including the Shalamcheh Border, the new passenger platform at the border, the route to the Shatt al-Arab (Arvand River), and the construction site of the Basra new railway station. After six hours of negotiations, the two parties reached an agreement on the exact route of the railway line from Shalamcheh to the Arvand River, as well as the timing of construction, demining operations, and the delivery of land for the construction of the bridge. The technical deputies of both sides signed a construction map as an attachment to the MoU. The signing of the MoU represents a significant milestone in the realization of the Shalamcheh-Basra Railway, which is expected to enhance connectivity and trade between Iran and Iraq.
Public infrastructure projects under implementation in Kuwait
The Public Authority for Housing Welfare showed the implementation of five projects related to infrastructure and 79 projects for the implementation of public buildings in four residential areas until last April. The total number of existing housing applications were 91,114, noting that the actual completion rate of the two contracts for the East Sabah Al- Ahmad project was 35 percent - related to the construction of 1184 houses. In the Sabah Al-Ahmad Residential City the construction for 1110 apartments is ongoing and according to the PAHW 720 apartments have been completed, and work is underway for the rest of the 390 apartments, as the actual completion rate reached about 93 percent. According to the statistics, 79 public buildings are still under construction including 29 in Al- Mutla'a, 3 buildings in Al-Wafra expansion, 16 in the eastern Sabah Al-Ahmad residential area, and 31 buildings in the south of Abdullah Al-Mubarak. The number of plots handed out in Al-Mutla'a was about 17797, in the south of Abdullah Al-Mubarak 3207 plots, and in Khaitan 1341 plots.
Plans unveiled for new residential tower in Dubai
Dubai mega-developer DAMAC Properties unveil its latest project, Canal Crown. The new project will be located at Dubai Canal, neighbouring a range of new towers launched by the property developer. With affluent strokes and sophisticated waterfront living ambience, the tower will showcase the prowess of de GRISOGONO at their finest yet. Designed with attention to detail, each residence in Canal Crown will feature units boasting expansive floor-to-ceiling windows, offering panoramic views of the cityscape and Dubai Water Canal. Canal Crown will offer floor layouts of studio, 1, 2 and 3BR units. Residents will get the opportunity to enjoy aqua exercises and swim VR, giving them the opportunity to enjoy the magical depths of the ocean. The tower will feature a garden level offering a unique planet-inspired theme. In line with DAMAC's commitment to sustainable practices, the new project will incorporate eco-friendly features and technologies in a bid to create spaces that harmonise with nature while providing an opulent living environment. As one of Dubai's premier luxury real estate companies, DAMAC has an esteemed reputation for delivering exceptional properties. With Canal Crown, the company aims to solidify its position as a pioneer in the industry.
MoU signed to transport iron ore products in Oman
Oman and Etihad Rail Company, has signed a memorandum of understanding (MoU) with mining giant Vale. The MoU aims to explore the use of rail network to transport iron ore and its derivatives between Oman and the UAE, connecting Vale's industrial complex in Sohar Port and Freezone to its planned mega-industrial complex in the UAE. The agreement underscores the logistical importance of the rail project to major international players in various sectors, as they stand to benefit significantly from the competitive advantages and economic incentives of the project. Under the MoU, both parties will work together to develop integrated logistics solutions that connect Vale's industrial complex in Sohar Port and Freezone and transport the company's iron ore products and derivatives between the company's Sohar hub and various factories and distribution centers. Commenting on the MoU, the agreement supports Vale's plans to develop industrial complexes in the UAE and Oman to produce low-carbon products for the steelmaking industry. Vale's partnership with Oman and Etihad Rail Company reinforces the regional logistics progress, which enables various economic and trade activities, and provides several benefits, including creating new job opportunities and providing high-quality transport solutions.
Cable cars to be built soon in Iraq
Iraq is considering building cable cars in its capital Baghdad as part of plans to tackle a festering post-war congestion problem. The plan for the Arab country's first cable car transport follows the approval of the construction of an elevated metro in the capital and new residential cities in its suburbs.
Agreement signed to develop new hotel in UAE
Global hospitality chain Marriott International and Three Musketeers Hospitality (TMH), a UAE-based real estate developer, have agreed to build a 350-key hotel on Al Marjan Island in Ras Al Khaimah. The new Le Meridien Al Marjan Island Resort & Spa is expected to open in 2026. The cost and construction timeline of the 5-star hotel has not been mentioned.
Plans underway to build new hotel in UAE
UAE based hospitality group Earth Hotels will open its first property in the Gulf Cooperation Council (GCC) region in the first quarter of 2025. Earth Shore Al Marjan Island will cover an area of 300,000 square feet and have 265 keys, including resort rooms, terrace suites, and two-bedroom sky villas. The destination will have direct beachfront access, a 13,000 sq. ft. social hub and a beach club.
Agreement signed to install solar panels on service stations in Dubai
UAE fuel and convenience retailer ADNOC Distribution signed an agreement with Emerge, a joint venture of EDF and Masdar, to power its service stations nationwide with solar energy as part of its plan to decarbonise operations in less than 10 years. Emerge would finance, design, procure, install, commission, and maintain rooftop solar photovoltaic (PV) systems on the company's new service stations in Dubai. In addition, the solar panels used in the existing stations would be upgraded. Work on the project will begin in 2023. The ADX-listed company has 502 service stations in the UAE, of which 39 are in Dubai. ADNOC Distribution would reduce its carbon intensity by 25 per cent by 2030 by:
- Installing solar panels at service stations
- Use of biofuels to power fleet of vehicles
- Energy optimisation initiatives
- Utilisation of 'green concrete in the construction of new stations
$544mln worth construction contracts to be awarded soon in Abu Dhabi
Abu Dhabi based developer Nine Yards, a joint venture Ethmar International Holding and Al Nahda International Holding Group will soon award the enabling and main construction contracts for its two billion UAE dirhams ($544.53 million) waterfront project at Yas Bay on Yas Island. Sea La Vie, designed by architectural and engineering consultancy firm MZ Architects, will have 668 luxury housing units and is slated for handover in 2026. The developer has two to three projects in the pipeline in the UAE, and is exploring opportunities both regionally and internationally. With Sea La Vie, the developer offers interested buyers precisely that - a vibrant community at one of the most sought-after destinations on Yas Island. Sea La Vie's architect is MZ Architects. They have designed prominent projects with a commitment to utilising sustainable systems and methods and integrating aesthetics without compromising on cultural and historical significance. They are determined to incorporate sustainable practices through Sea La Vie's development, construction and maintenance phases of its life cycle to actively contribute to UAE's pursuit of achieving global net-zero targets. We plan to localise the supply chain wherever possible, generating 'in-country-value' from breaking ground to handing over the keys, minimising CO2 emissions every step of the way. Most importantly, materials and sustainable elements of every aspect of the residential towers will be strictly in compliance with Estidama and LEED for Homes.
First dedicated e-commerce logistics facility to be established in Saudi Arabia
A first-of-its-kind dedicated e-commerce logistics facility will be built in Saudi Arabia to target the Middle East. The global distribution center will be constructed by South Korean firm CJ Logistics. Expected to be completed in 2024, the facility will be located in Riyadh's Special Integrated Logistics Zone. The Saudi government established the zone at the King Khalid International Airport to serve as a testament to the Saudi Aviation Strategy under Vision 2030, positioning the Kingdom as a global logistics hub. The company and the Saudi General Authority of Civil Aviation held a ceremony to officiate the launch in Riyadh. A state-of-the-art modern logistics center, the facility will have a gross floor area of 18,000 square meters and a daily throughput capacity of 15,000 boxes.
Agreement signed for designing marine supply vessels in UAE
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV) capable of transporting vehicles, equipment and supplies to and from offshore sites. The agreement was signed at the UAE Climate Tech Forum organized by the Ministry of Industry and Advanced Technology. The innovative design of the ROV will reduce carbon emissions up to 30% as the vessel will be lighter and smaller, as facilities for a crew are not required. In addition, the smart automation systems will optimize routing and propulsion, further decarbonizing ADNOC L&S' offshore operations in support of the UAE's Net Zero by 2050 Strategic Initiative and ADNOC's 2030 Sustainability Agenda. The design for the 55 meters long ROV will allow the vessels to be operated from an onshore control room through a satellite link using the latest automation and self-navigation technology. The design will utilize state of the art artificial intelligence systems to control propulsion, dynamic positioning, remote communication and cyber security. SeaOwl, a French company specializing in the automation and digitalization of maritime services, will design the vessel, oversee its construction, and facilitate navigation permits. Seaowl will partner with Bureau Veritas (BV), a world leader in testing, inspection, and certification, to facilitate obtaining the necessary navigation permits from the UAE maritime transportation affairs. This design will improve safety and reduce operational costs as the vessels will be able to operate in harsher conditions with no exposure to seafarers. Upon construction, the ROVs will join ADNOC L&S' large and diverse fleet of modern and technologically advanced vessels. Combined with its 1.5 million square meter logistics base in Abu Dhabi and its integrated logistics capabilities, ADNOC L&S is one of the region's largest shipping and integrated logistics companies.
Worlds largest & innovative residential project launched in Dubai
The Al Habtoor Group has announced the launch of one of the world's largest and most innovative sustainable landmark buildings, the 'Habtoor Tower' to be built in the prime location on Sheikh Zayed Road. The new tower will be built in Al Habtoor City. Home to Dubai's most luxurious lifestyle destinations, it was officially launched in 2016, with its three internationally branded hotels - The Habtoor Palace, LXR Hotels & Resorts, the V Hotel, Curio Collection by Hilton, and the Hilton Dubai Al Habtoor City, La Perle. Building on decades of experience acquired from Burj Al Arab, Dubai International Airport Terminals 1 and 3, the Abu Dhabi's Officers' Club, and many projects that grace the Dubai Skyline, Al Habtoor Group is proud to announce the Habtoor Tower, using innovative, creative, and selective construction techniques. A multi-billion Dirhams development, the Habtoor Tower is the largest residential building in the world with ultra-luxurious living facilities, comprising 1,701 keys over a built-up area of 3,517,313 square feet and 81 floors above ground. It is set to be completed within 36 months. As a direct effect of this innovative construction technique, a substantial saving in Co₂ emission has been achieved - less than 50% of traditional buildings' carbon emissions. Environmental experts are currently assessing our Habtoor Tower, aiming to achieve LEED Platinum Certification (Leadership in Energy and Environmental Design) from the highest authority in green building rating systems worldwide. This new project befits the country's vision to always be at the forefront of innovation, responsible development and preserving our world for the next generations. Al Habtoor Group is in the final stages of selecting the main contractor for the project based on qualifications and experience, with bids received from industry giants from the UAE, China, India and Europe.
Agreement signed for new bunkering station in Oman
Marine fuel trading firm O Bunkering has signed an agreement with Marsa Al Duqm Investments Company - a subsidiary of Fisheries Development Oman - to build and operate a bunkering station for marine vessels in the Duqm Fisheries Port. O Bunkering will supply all ships and fishing boats with bunker fuel at the fishing port berth in Duqm. The project is expected to significantly boost the port's capabilities and enhance Oman's position as a key player in the regional marine industry. The new bunker supply station will be equipped with the latest technology and infrastructure, including advanced metering and monitoring systems to ensure the safe and efficient supply of marine fuels and other related products. It will be staffed by a team of highly trained professionals, who will be responsible for ensuring that all operations are carried out in strict accordance with international safety and environmental standards. The agreement represents a significant success and a big step for the company. O Bunkering will undertake the design and construction of the bunker station in Duqm Fishing Port in accordance with international standards, ensuring the highest levels of safety and reliability for their customers. The company aims to provide exceptional services in the field of supplying ships with bunker fuel to the global shipping industry, which contributes to the promotion of both local and international fishing industries. The development of the bunker supply station is part of Oman's wider plans to develop its ports and logistics infrastructure, in order to support economic growth and diversification. Duqm is a key part of this strategy, and the development of the bunker supply station is expected to help attract more business to the port. The project is an essential step for the fisheries industry in the Sultanate of Oman. This project will contribute to achieving Oman Vision 2040 and emphasises the diversification of the sources of the Omani economy. The Duqm Fishing Port is one of its main pillars, in addition to promoting social and economic development.