Top Construction News

  • UES, Oman secures assets and operations of PPC International Sdn Bhd & Wise Marine Malaysia


    United Engineering Services (UES), one of the leading engineering oilfield services provider and a subsidiary of MB Holding LLC has announced the acquisition of Professional Power Craft (PPC) International Sdn Bhd and Wise Marine assets. Press Release - 11Feb 09:13GMT
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  • GCC airports' expansion woos investors


    The massive airports expansion programs underway in the GCC countries have been attracting international aviation companies to the region as the airport operators look for technology and services to handle future growth volumes. The Saudi Gazette - 11Feb 07:36GMT
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  • Construction machinery business booms in region


    New investors shift focus on construction machinery business amid construction boom in the region. The Saudi Gazette - 11Feb 07:33GMT
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  • Canadian firm drops two execs with Kadhafi ties


    Canadian engineering firm SNC-Lavalin said late Thursday it has sacked two executives loosely linked to a failed plot to smuggle a son of ex-Libyan dictator Moamer Kadhafi into Mexico. AFP - 11Feb 06:52GMT
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  • Rules call for Abu Dhabi buildings to be clutter-free


    Building facades across the emirate of Abu Dhabi will soon become free of clutter following a set of guidelines that call for improved store signs and tidier shopfronts. Gulf News - 11Feb 06:38GMT
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  • Blominvest arranges a loan of SR290m to build 400 housing units in Riyadh


    Blominvest Saudi Arabia announced the closing of the private placement offering of "Blominvest - Maskan Arabia for Real Estate Development Fund" with a total of 283 million Riyals that is focused on building 400 housing units in north and north-west Riyadh in collaboration with Maskan Arabia, the project developer. Press Release - 10Feb 14:44GMT
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  • CH2M HILL wins 2022 World Cup contract


    Qatar 2022 Supreme Committee has appointed CH2M HILL -- a global full-service consulting, programme management, design, construction, and operations firm to ensure the successful delivery of the 2022 FIFA World Cup Qatar. The Peninsula - 10Feb 13:43GMT
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  • Gatoson Holdings expresses interest in Mohammed bin Rashid Al Maktoum Solar Park


    Vice Chairman of Dubai's Supreme Council of Energy (SCE) Saeed Mohammed Al Tayer has received a letter from the Hong Kong based Gatoson Holdings expressing the company's interest to bid for the construction of the Mohammed bin Rashid Al Maktoum Solar Park, estimated to cost AED 12B. WAM (Emirates News Agency) - 10Feb 12:55GMT
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  • Iraq's PM intends to invite China to build strategic projects


    Iraq's Prime Minister, Nouri al-Maliki, has called on the Chinese companies to play a greater role and share in building strategic projects in Iraq, saying that his country wishes to discuss with China the building of such strategic projects, like ports, railways, along with cooperation in the field of energy and armament. Aswat Aliraq - 10Feb 10:06GMT
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  • $700m Turkish investment for Basra iron plant


    A Basra iron and steel company will be given $700m (815.9tr IQD) over the next 15 years by Turkish backers. AK News - 10Feb 09:08GMT
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Dubai tallest hotel set to open
 
Dubai Eye - 09 Feb 2012
Rupperecht Queitsch, General Manager of JW Marriott, talks about the JW Marriott Marquis Dubai, soon to be Dubai's tallest hotel, set to open in the last quarter of this year.
 
 
 
 
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Libya
Hampering business
In recent weeks business delegations from across the world have found their way to Libya. China is seeking to resume operations for 26 companies in 50 projects worth $19bn in the real estate, rail, oil and telecommunications industries.
 

 
Bucking the global trend
The Saudi and Qatari construction markets not only outperform the rest of the GCC area, but also remain some of fastest-growing markets in the world.
 

 
Projects
Top 25 transportation projects
The Middle East's transportation needs are going to grow threefold over the next few decades. Here's a list of the 25 major transportation projects that will transform the region but also make demands on its energy supplies.
 
 
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| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Orascom Construction Industries Egypt 8,692
2 Saudi Cement Company Saudi Arabia 3,386
3 Lafarge Ciments Morocco 3,315
4 Southern Province Cement Company Saudi Arabia 3,238
5 Yamama Saudi Cement Company Saudi Arabia 2,736
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