Middle East contracts awarded: April 2018

13 May 2018
Region records sharp decline in contract awards activity

With $6.7bn of contracts signed, April marked the lowest point in monthly awards activity in the Middle East since June 2017. April also recorded the lowest monthly value of deals signed in 2018, with previous months all posting awards activity above $10bn.

April contract awards by country

CountryAward ($m)
UAE2,764
Saudi Arabia2,142
Oman509
Qatar476
Iraq300
Bahrain170
Jordan90
Iran85
Egypt84
Kuwait40
Lebanon15

The UAE continued to lead contract awards activity in the region, with $2.8bn of deals signed. The largest was the $533m contract awarded by the local Aldar Properties to the local Trojan General Contracting for the Water’s Edge development on Yas Island. The Water’s Edge scheme comprises 13 residential apartment buildings to be built near the proposed Sea World theme park. The construction sector led awards activity in the country, with 30 deals signed worth a total of $2.3bn.

Click here to download the Middle East contract awards for April 2018

Saudi Arabia awarded the second-largest value of deals, with $2.1bn of contracts inked. This is the largest monthly value of awards in the kingdom in 2018, with only $540m of contracts signed in March. The largest deals signed in April came from the water sector, with a $570m contract awarded by state-owned Saline Water Conversion Corporation (SWCC) to Turkey’s Limak Holding for the construction of a water transmission system at Jubail, and a $500m deal signed between SWCC and the local Al-Rashid Trading & Contracting for the construction of a water transmission system at Shuqaiq.

Looking forward, Dubai’s Expo 2020 will continue to drive contract awards activity, with large investments predicted to be pumped into the self-build pavilions that will be constructed by countries taking part in the Expo. More than 170 nations have announced their participation at the event, with the list predicted to grow. Various announcements from different countries suggest most pavilions will require considerable investment, with cost estimates ranging from $20m-$50m per pavilion, depending on the structure’s size, interior design and architectural features.

Contract awards as reported on www.meed.com

CountryProjectContractorClientEstimated value ($m)
UAEMain construction contract for the Water’s Edge development on Yas IslandTrojan General ContractingAldar Properties354
OmanConstruction and installation work for the gas gathering system in phase 2 of BP Oman’s Khazzan gas projectGalfar Engineering & ContractingBP95
Saudi ArabiaBuild offshore gas production deck modules at Hasbah and Arabiyah fieldsL&T Hydrocarbon EngineeringSaudi Aramcona
UAEConstruction of a four-floor, 131-room hotel building and a four-floor office building above the Palm Deira Metro station in DubaiAlecDeira Waterfront Development75
UAEBuild the Six Flags theme park in DubaiASGCDubai Parks & Resortsna
UAEBuild the $44m Kalba Waterfront project in SharjahEast Coast Contracting & TradingEagle Hills Sharjahna
UAEBuild bus stands at Dubai International airportASGCDubai Aviation Engineering Projectsna
Saudi ArabiaInstall additional facilities for the Wasit gas plant in the kingdom’s Eastern ProvinceSNC-LavalinSaudi Aramcona
UAEBuild the Nad al-Sheba Mall in DubaiMetac General Contracting CompanyNakheel162
UAEConstruction of two residential buildings at Dubai Healthcare CityZahrat al-Safa ContractingAzizi Developments120
UAEEngineering, procurement and construction contract for Dubai’s $3.8bn concentrated solar power projectShanghai ElectricDubai Electricity & Water Authority (Dewa)na
UAEBuild bus stands at Dubai International airportASGCDubai Aviation Engineering Projectsna
IraqBuild the planned $3bn oil refinery at the port of FawPowerChina and Norinco InternationalOil Ministryna

 

Contract awards as reported on meedprojects.com

Country NameProjectIndustryContract Value ($m)
QatarASHGHAL- LRDP:Doha South:Rds & Infra South Wukair Government Residential (P02)Transport82
QatarASHGHAL - LRDP - Doha South: Roads and Infrastructure in South Wukair (P01)Transport140
UAENakheel - Nad Al Sheba Mall (Tender on DMS 145947)Construction162
LebanonCDR - West Bekaa Wastewater Project - Phase 2 - Section 2 - Part 3 - Group 2Water15
UAEDubai Properties: Dubailand - Mudon ViewsConstruction40
Saudi ArabiaSWCC - Water Transmission System for Shuqaiq (Phase 3): Package CWater500
JordanMass Global - 100 MW Wind FarmPower90
KuwaitKOC - Office for Oil & Vital Protection Department on South Ratqa (2030118)Construction40
UAEShurooq / Eagle Hills JV - Kalba Waterfront MallConstruction36
UAEAPI Investment - Meydan: Residential Building (Plot No. 6189097)Construction7
UAEAdnoc Offshore - Dalma Field : Installation of 4 JacketsOil100
UAECICPA - CICPA Facilities at Habshan Phase 1 & 2Construction47
BahrainBAFCO - Bahrain Agricultural Foods Storage and Security Factory in HiddIndustrial30
Saudi ArabiaSWCC - Water Transmission System of Al Jubail - Al Riyadh (Phase 3): Package CWater570
UAEJumeirah Golf Estates - Al Andalus : Residential Buildings Phase 2Construction100
UAESharjah Ports & Customs Authority - Khalid Port ExpansionTransport80
Saudi ArabiaMEWA - Expansion of Sewage network in Sakaka city Phase 7 ( 2200000309 )Transport21
UAEJAFZA - Labour Accommodation Phase 3 in Jebel AliConstruction200
Saudi ArabiaMedina Municipality -Tunnel At Saad Ibn Khaithama & Prince Abdul Majeed RoadTransport80
Saudi ArabiaMOHE - King Abdulaziz University : Sports Activities Building in JeddahConstruction25
UAEPrivate Developer - Residential Building on Zayed 1st Street(Plot No : C16)Construction24
UAEPrivate Developer -   IMPZ : Residential Building ( Plot no IMPZ.E.02)Construction14
Saudi ArabiaSaudi Aramco - Hasbah & Arabiyah : Gas Production Deck Modules (PDMs)Gas100
UAEAldar - Yas Island : Water’s EdgeConstruction533
BahrainNaseej - Dilmunia Island: Canal ViewConstruction50
UAEJumeirah Hotels & Resorts - Refurbishment of Al Qasr Hotel: Phase 2Construction20
UAEWasl - Aloft & Element Hotel at Al Raffa (Plot No.3160553)Construction56
UAEUnion Properties - Motor City: ZawayaConstruction80
Saudi ArabiaSWCC - Water Transmission System for Shuqaiq (Phase 3): Package B1 & B2Water357
UAEADNOC - Central Park and Villas Community Facilities at Ruwais CityConstruction20
UAEDubai Municipality - Jebel Ali Industrial Sewerage and Drainage System (DS188)Transport118
IranSazeh Sazan - SAKO Power & Desalination Plant : Phase IIWater85
UAEPrivate Developers - JVC : Residential Building (Plot No JVC11AMRH009)Construction14
UAETiger Group - JVC : The SquareConstruction26
UAEDubai Parks & Resorts - Dubai Theme Park : Six FlagsConstruction120
IraqPetroChina/SOC/Petronas/Total-HPSF: Field Surface Facilities (FSF) For CPF 3Oil100
UAEEllington Group - Mohammed Bin Rashid City : Wilton TerracesConstruction40
BahrainAmazon Web Services - Data Centres in BahrainConstruction30
Saudi ArabiaSaudi Aramco - Wasit Gas PlantGas100
IraqPetronas - Heavy Oil Transportation System 2 (HOT2)Oil200
QatarUDC - Pearl Qatar: Gewan Island (Dredging & Reclamation)Construction30
BahrainEskan Bank - Danat Al BarakaConstruction36
UAEAzizi Investments - Dubai Healthcare City: Fawad & Jawad TowersConstruction120
UAEADDC -Recycled Water Main line from Yas Island to Sadiyaat IslandWater22
UAEPrivate Developer - Liwan : Residential Building (Plot no. 6437743)Construction35
QatarASHGHAL - Al Rayyan Stadium Support Works (Roads Surrounding Al Rayyan Stadium)Transport60
UAETanmiyat - Sinbad Tower (Plot No: 6457566)Construction30
OmanPAEW - Water Transmission System from Sohar to Al DhahirahWater412
Saudi ArabiaMOHE - King Faisal University : Community College in AbqaiqConstruction14
UAEMeydan - Meydan City : Meydan Horizon (Infrastructure Package)Transport24
BahrainInternational Trading & Investment - Water Garden City: Marriott Residence InnConstruction24
Saudi ArabiaSWCC- WTS of Al Jubail - Al Riyadh (Phase 3): Package B1 & B2Water335
EgyptMHUUD - El - Mahsama Water Treatment PlantWater84
QatarASHGHAL - LRDP: Roads & Infra South Wukair Government Residential (P04)Transport82
UAEEtjar - Warehouse and Cold Storage Facility in Jebel Ali   (Plot No 5991039)Industrial12
UAEWahat Al Zaweya Real Estate - Wahat Al Zaweya: Al Maria MallConstruction38
UAEAmerican University Of Sharjah - Headquarter BuildingConstruction38
UAEMohammad Al Ruqait - Al Marjan Island : Hampton By HiltonConstruction108
QatarASHGHAL - LRDP - Doha South: Roads and Infrastructure in South Wukair (P03)Transport82
UAEADM - Al Khalidiyah : Sheikha Fatima Bin Mubarak ParkConstruction21
OmanOETC - 132/33 kV Yanqul GS & 33kV Interlinking Works at Ibri Grid StationPower60
OmanMEIC/MHDI/HBSGAL/AHH JV - Copper Tube MillIndustrial37
UAEAl Futtaim Group - Wasl Gate : Phase 1: Big Box MallConstruction200
UAEDEWA - 132/11kV Substation & Associated Works in Qusais Industrial (Section - P)Power25
UAEAzizi Developments - Dubai Sports City: Azizi GrandConstruction45
UAEDAEP - Dubai International Airport - Arrivals Remote Coaching FacilitiesTransport43
UAEWasl - Aloft Hotel & Element Serviced Apartments at Dubai International AirportConstruction70
UAEAl Shirawi Group - Jumeirah Village Triangle : Arcadia HouseConstruction16
UAESharjah Cement - Dubai Sports City : Residential Building (Plot no 6820131)Construction30
UAENshama - Town Square: UNA ApartmentsConstruction50
Saudi ArabiaMethak Holding - Al Rawdah Commercial CenterConstruction40
TotalThe full value for 71 projects across the Mena region6,675
Data from meedprojects.com as of 10 May 2018; na=Not available. For more information, visit MEED Projects

 

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