Top Construction News

GDF SUEZ & Gulf Investment Corp. Sign Deal

A consortium composed of GDF SUEZ and Gulf Investment Corporation (GIC) executed today with the Government of the Kingdom of Bahrain the project agreements for the development of Al Dur Independent Water and Power Producer (IWPP). Press Release - 28Aug 11:24GMT
Wanted: Architect to build Beirut's world-class House of Arts and culture

A joint plan between the Lebanese and Omani governments to build a world-class House of Arts and Culture in downtown Beirut is taking shape - and seeking an architect. The Daily Star - 28Aug 08:11GMT
Ericsson to Build, Operate Network for 'Smart City'

Emaar, The Economic City, the Tadawul-listed company developing King Abdullah Economic City, has awarded a SR320 million ($85 million) strategic agreement to Ericsson to implement and operate the smart city infrastructure, "The Smart City." The Saudi Gazette - 28Aug 06:22GMT
KSA Issues Directive On Steel Consumption

(Arabic) Saudi Ministry of Municipal and Rural Affairs has announced its directions to guide consumption of steel in buildings. Al-Arabiya - 27Aug 11:00GMT
Cement Shortage Delays Many Projects In Qatar

Cement continues to be in short supply, a senior official at the Qatar Chamber of Commerce and Industry (QCCI) says he is completely in the dark about the reasons behind the shortage. The Peninsula - 27Aug 08:48GMT
$138m Bahrain port to be operational by year-end

Construction work at Bahrain's new BD52 million ($138m) Kahlifa bin Salman Port is on track and the port is scheduled to become operational by the end of the year, said a senior official. Emirates Business 24/7 - 27Aug 08:25GMT
Egyptian cement firms' Attorney talks about monopoly case

(Arabic) Mohammed Sameeh Talaat, Lawyer of some of the convicted cement companies says these companies have the intention to appeal judgment in the specified period. Al-Arabiya - 27Aug 08:18GMT
Emaar - Armani Plan Armani Residences in Egypt

Emaar Properties PJSC in partnership with Armani S.p.A have announced the highly sought-after Armani Residences in Marassi, Emaar's flagship resort development in Egypt. Press Release - 27Aug 06:56GMT
Bahrain: PM briefed on housing project

Rebuilding of the oldest housing project in Muharraq, located in block 204, near Casino Garden was accorded special status by the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa. Bahrain Tribune - 27Aug 06:33GMT
Kumho awarded part of $99.5m Ras al Khaimah contract

South Korean builder Kumho Industrial Co has been awarded a part of the infrastructure development contract on the Al Marjaan Island, being developed in Ras al Khaimah. Emirates Business 24/7 - 27Aug 06:16GMT

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$14.5bn Gulf MEP Market
The value of the mechanical, electrical and plumbing (MEP) contracting market in the GCC is expected to surge to $14.5 billion in 2008, according to a recent industry survey.

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Abu Dhabi is pushing its steel industry to meet the insatiable demand across the Middle East.

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Property players remain bullish about Dubai's real estate market despite reports of overheating and fears of oversupply.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Orascom Construction Industries	Egypt	13,330
2	Lafarge Ciments	Morocco	4,823
3	Holcim Liban	Lebanon	4,686
4	Kuwait Cement Company	Kuwait	2,677
5	Southern Province Cement Company	Saudi Arabia	2,626
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