Egypt’s New Capital City and Ain Sokhna refinery projects led contract award activity in the Middle East in October, which was a slow month for the GCC markets.
October contract awards by country | |
Country | Award ($m) |
UAE | 2,239 |
Egypt | 6,161 |
Iraq | 140 |
Kuwait | 86 |
Qatar | 38 |
Saudi Arabia | 581 |
Bahrain | 56 |
A $3bn contract to construct a central business district in the new administrative capital in Cairo helped Egypt record a total of $6.2bn of deals inked in the month. Administrative Capital City for Urban Development awarded the contract to China State Construction & Engineering Corporation; it involves the contractor building Africa’s tallest tower as part of the scope of works.
The next-biggest deal in Egypt was the $2bn contract to build the Ain Sokhna refinery, awarded by Sokhna Refinery & Petrochemicals Company to China’s Sinohydro. Egypt’s renewable energy programme also saw major activity in October, with six deals worth a total of $793m inked to develop solar plants and wind farms.
Also outside the GCC, Iraq awarded four deals worth a total of $140m.
The UAE was the only GCC country to cross the $1bn mark, with $2.2bn of deals let. This was a decline from the previous month, when the country signed off $5.8bn of contracts. Project activity remained subdued in Saudi Arabia, with just $581m of deals inked. Bahrain, Kuwait and Qatar failed to cross the $100m mark, while Oman remained flat.
Looking forward, projects activity is expected to pick up in Saudi Arabia, with the Public Investment Fund and Saudi Aramco setting up a super contractor with local and international construction companies for the delivery of major infrastructure projects.
Contract awards as reported on meedprojects.com | |||
Country Name | Project | Industry | Contract Value ($m) |
UAE | Line Investments & Property - Khalifa City Mall | Construction | 60 |
Egypt | EGOTH - Development of Shepheard Hotel in Garden City | Construction | 40 |
UAE | Jumeirah Golf Estates - Al Andalus : 6 Residential Buildings | Construction | 109 |
Egypt | Elmarakby Steel - Giza Steel Rolling Mill: Phase 2 | Industrial | 240 |
Iraq | CNOOC/IDC/TPAO-Maysan Oil Field Development : Trunk Line Phase 2 HFW Pipes | Oil | 30 |
UAE | Private Developer- Hotel at Al Barsha (Plot on 3730434) | Construction | 10 |
UAE | University of Birmingham - Academic City : Refurbishment of Campus Building | Construction | 10 |
UAE | Private Developer - Residential Building (Plot No JVC10AAMRM002) in Dubai | Construction | 12 |
Egypt | NREA - 250 MW Wind Farm IPP in Gulf of Suez (BOT Model) | Power | 380 |
UAE | Dubai South - The Villages : The Pulse Residence | Construction | 163 |
UAE | Aldar - Shams Abu Dhabi : The Bridges | Construction | 202 |
UAE | DP World - Dual Carriageway at Jebel Ali Port & Freezone | Transport | 17 |
Egypt | ACCUD - The Capital Cairo : Central Business District | Construction | 3,000 |
Egypt | CEPC - West Cairo Steam Power Plant : Pumps & Drive Package | Power | 12 |
Iraq | Ministry Of Electricity - 30 MW Sawa PV Power Plant in Al-Salman District | Power | 40 |
Kuwait | MPW - General Directorate of Installation Security Building (Tender No: HMQ/204) | Construction | 40 |
UAE | Al Batha Real Estate - Motor City : BMW Showroom | Construction | 12 |
UAE | SNM Holdings - Residential Building (Plot No : JVC13MMRP500) | Construction | 15 |
Egypt | NREA - 50 MW PV Solar Plant in Benban (FIT Model) | Power | 50 |
Egypt | UEEPC - Asyut Steam Power Plant : Pumps, Drive, Mechanical and Piping Package | Power | 50 |
UAE | Emaar - Dubai Creek Harbour : Creek Horizon | Construction | 138 |
UAE | DEWA : Emaar Properties - 132/11kV Substation at Dubai Hills Estate | Power | 45 |
UAE | ADTCA - Qasr Al Hosn Restoration Works: Cultural Foundation Building | Construction | 136 |
Egypt | EETC - Rehabilitation of Al Qousia Substation (66/11 KV) | Power | 18 |
UAE | Ithra - Deira Waterfront : Mixed Used Buildings (Plot no 1127144) | Construction | 40 |
UAE | Al Aseel Investment - Dubai Marina: The Address Jumeirah Gate | Construction | 545 |
Qatar | Ashghal - Health Center at Al Shamal: Package 9 | Construction | 38 |
UAE | MOPA - Sheikh Khalifa Central Hospital in Fujairah | Construction | 189 |
Saudi Arabia | SEC - 132 kV OHTL for New Al-Tawdihiyah-2 Substation (3 lines) (4000055490) | Power | 17 |
UAE | Private Developer - Building at Al Nahda 2 (Plot No.2410592) | Construction | 10 |
Egypt | Dakahlia Group - 23.5 MW Solar Power Plant in Egypt | Power | 23 |
UAE | DEWA - 132 KV Cable Laying Works (2131600022) | Power | 60 |
Saudi Arabia | Al Oula Holding / Ajdan Real Estate Development - Ajdan Waterfront : Tower A1 | Construction | 120 |
Egypt | NREA - 250MW Wind Farm | Power | 240 |
Egypt | CAPW - Al Ayat Wastewater Treatment Plant Expansion | Water | 18 |
Kuwait | Behbehani Motors Company - Volkswagen and Porsche Service Centre | Construction | 46 |
Egypt | NREA - 50 MW PV Solar Plant in Benban (FIT Model) | Power | 50 |
UAE | Sharjah Oasis Real Estate - Sun Island : 268 Villas | Construction | 120 |
UAE | Private Developer - Arjan : Residential Building (Plot No 673-1118) | Construction | 20 |
Saudi Arabia | Sabic - Sabic New Headquarters at New City Center | Construction | 184 |
UAE | DWTC - Expo 2020 Development - Podiums & Tower Blocks on Parcels 7 | Construction | 120 |
UAE | Private Developer - Palm Jumeirah : Residential Building(Plot No:PJTRH04C_4D) | Construction | 25 |
UAE | Orient Gate - Residential Building (Plot no : JVC17TCP020B) | Construction | 18 |
UAE | Azizi - Downtown Jebel Ali: Azizi Aura | Construction | 32 |
Saudi Arabia | MMRTC - MPTP : Bus Rapid Transit | Transport | 200 |
Iraq | CNOOC/IDC/TPAO-Maysan Oil Field Dev:Trunk Line Phase 2 Seamless Steel Pipes | Oil | 40 |
Bahrain | Diyar Al Muharraq / Eagle Hills - Marassi Al Bahrain: Marassi Boulevard | Construction | 56 |
Saudi Arabia | SEC-380 kV U/G Cable from New Airport Housing to Princess Noura University | Power | 60 |
UAE | Dubai Properties - Dubailand: Serena Casa Viva | Construction | 40 |
Egypt | NREA - 50 MW PV Solar Plant in Benban (FIT Model) | Power | 50 |
Iraq | UNDP - 33kV Underground Cable Feeder | Power | 30 |
UAE | Nakheel-New 132/11kV Substation Near Ibn Battuta Mall (DMS 145620) | Power | 21 |
UAE | RAK Properties - Gateway Commercial & Residential Building | Construction | 12 |
Egypt | Ain Sokhna Refining & Petroleum Company - Ain Sokhna Refinery | Oil | 1,990 |
UAE | Al Naboodah Real Estate - Two Star Hotel at Al Souq Al Kabeer | Construction | 40 |
UAE | Uranus G.C - 4 Star Hotel At Al Barsha 1 (Plot No 3730412) | Construction | 18 |
Total | The full value for 56 projects across the Mena region | 9,301 | |
Data from meedprojects.com as of 4 September For more information, visit MEED Projects http://www.meedprojects.com/home |
For more up-to-date information on the region’s largest projects, go to MEED Projects, which tracks trillions of dollars-worth of schemes. MEED Projects is a subscriber-only service that provides comprehensive, up-to-date and accurate project information. It monitors industry and business development opportunities through market data tailored to your needs. Be the first to know about new projects; we provide the data so you can win the business. If you would like to see a demo of MEED Projects, or just want to find out more, register your details online or call +971 (0)4 818 0200. |
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