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Mon, 09 Nov 2009 | 03:20 GMT
 
Top Construction News

  • Marini - Fayat Group forecasts US$20m sales in 2010


    As the construction industry shows signs of recovery, Italian manufacturing giant Marini S.p.A, is forecasting US$20 million sales in the Middle East in 2010 and US$29 million in 2011. Press Release - 08Nov 11:56GMT
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  • Lovells advises Lafarge on first project financing to be closed in Syria


    International law firm Lovells has advised a subsidiary of Lafarge S.A. on the project financing relating to a $US682 million development of a cement plant in northern Syria. This is believed to be the first project financing to have closed in the country. Press Release - 08Nov 11:54GMT
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  • Mighty boost to Saudi construction capability


    A new and powerful addition to Saudi Arabia's coastal construction capability took to the water in Rotterdam last month. It will reach here in March 2010. Arab News - 08Nov 06:39GMT
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  • GAM, local community nearing compromise


    In light of concerns over developments in Jabal Al Qalaa, the Greater Amman Municipality (GAM) is reviewing plans for the historical neighbourhood, according to activists and developers. Jordan Times - 08Nov 06:31GMT
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  • Saudi Arabia To Construct Mega Plant


    Saudi Arabia is setting up a mega water desalination and power generation plant, for which it has already completed the bidding process, said the kingdom's minister for water and electricity at the IDA World Congress 2009. Emirates Business 24/7 - 08Nov 06:29GMT
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  • Danube Building Materials Launches Dh20m Retail Complex in Fujairah


    Danube Building Materials has opened its new Dh20 million 'Danube Buildmart' retail complex in Fujairah. Located on the main shopping street in Fujairah, the 35,000 square feet facility is the fifth branch of Danube's retail complex concept in the UAE. Khaleej Times - 08Nov 06:15GMT
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  • Construction Of $1B Salalah IWPP To Kick Off Next Month


    Construction work on a much-delayed IWPP planned at Taqah in the Governorate of Dhofar,Oman, is expected to commence in earnest next month, helping secure electricity and potable water supplies to a region that's poised to attract significant investments in tourism and industrial projects. Oman Daily Observer - 07Nov 08:48GMT
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  • Al Hassan Nimr-C project celebrates 2m LTI-free achievement


    Underscoring the continuing emphasis on Health, Safety and the Environment (HSE), Al Hassan Engineering Co SAOG (AHEC) celebrated the outstanding accomplishment of 2-million man-hours without Lost Time Injury on its Nimr-C Full Field Water Injection Project with an award ceremony at the Grand Hyatt recently. Oman Daily Observer - 07Nov 08:34GMT
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  • HM orders development projects in Dhahirah, Batinah, Musandam, Buraimi


    His Majesty Sultan Qaboos has issued his Royal orders to carry out development and service projects in the Dhahirah and Batinah regions and the Musandam and Al Buraimi governorates to the tune of 249,248,000 rials. Oman Daily Observer - 07Nov 08:32GMT
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  • Ashghal hands over Al Rayyan Municipal Complex to ministry


    The Public Works Authority (Ashghal) has handed over the multi-million riyal Al Rayyan Municipal Complex project to the Ministry of Municipality and Urban Planning. The Peninsula - 07Nov 08:30GMT
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Breaking Ranks

CCC ranked as the Middle East’s largest contractor, with USD5.65 billion in revenues, and the world’s 16th largest contractor, in terms of international revenues, in 2008. Although based abroad, CCC derives most of its earnings from its MENA activities.
 
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Consolidated Contractors Company Overseas Construction and Design
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Hyundai Engineering and Construction Company - Saudi Arabia Saudi Arabia Construction and Design
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Mohamed Abdulmohsin Al Kharafi and Sons Company Kuwait Construction and Design
KBR Middle East Region-wide Construction and Design
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Calendar

 EntityEvent 
01Nov Organized by dmg world media Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) (4 days from 01-04 Nov 2010)
04Oct Organized by PennWell Corporation POWER-GEN Middle East 2010 (3 days from 04-06 Oct 2010)
03Oct Organized by Riyadh Exhibitions Company Saudi Build 2010 (4 days from 03-06 Oct 2010)
07Jun Organized by BME Global WEPOWER 2010 (4 days from 07-10 Jun 2010)
25May Organized by Al-Iktissad Wal-Aamal Arab International Industrial Forum (4 days from 25-28 May 2010)
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Construction Tenders Due Date
SALE OF ORDINARY PORTLAND CEMENT 42.5R/N 31Dec09
Sale of plastic pipe, PPR pipe, PVC-U pipe, PE-RT pipe, PE-AL-PE pipe 30Dec09
Construction, Completion and Maintenance of Crosses on Main Roads 7th and 6th Ring Motorways Leading to New Residential Areas _ West Jleeb Shuyoukh Nos. (ICI,11 (MPW55) - MINISTRY OF PUBLIC WORKS 13Dec09
Creation and completion of a hospital for birth and women and children Al Qassimi Hospital in Alkhazimiyeh / Sharjah And expansions of the emergency department at Al Qassimi Hospital Alkhazmiyeh / Sharjah 22Dec09
Replacement of 3 Central Water Cooling Units and Maintenance of Remaining Equipments & Devices located at Central Air Conditioning Station at General Directorate of Constructions and Maintenance (Construction Engineering Dept.) - Ministry of Interior 13Dec09
Al Waab Complex Public Roads (Packages 1,2 & 3) RA/09-10/C/073/G 10Nov09
Maintenance of (First-Second-Third) Phases for Automatic Staff Attendance Operating System at Kuwait Municipality 15Nov09
Post contract consultancy services and supervision for playgrounds plaza and parks at AlRayyan group 2 - M. Municipal Affairs & Agriculture 09Nov09
Road Improvement Works in Al Dayeen & Umm Salal Municipality- Zone(70) and (71) RA/09-10/C/084/G 10Nov09
Sale of all kind of used trucks and construction machinery from spain to any country 31Dec09
SEWAGE TREATMENT PLANT AND SEWERAGE NETWORK SYSTEM FOR MISFAT AL ABREAN WILAYAT AL HAMRA - Ministry of Regional Municipalities & water Resources 30Nov09
HEALTH CENTRE AT MUSANAH - Ministry Of Health 07Dec09
Construction, Completion and Maintenance of Water Filling Station at East Amghara Area - MINISTRY OF ELECTRICITY & WATER 05Jan10
Rehabilitation and Overhaul Maintenance Works For Grand Mosque - MINISTRY OF AWQAF & ISLAMIC AFFAIRS 19Dec09
Re-tender proposed service blocks at Al -rafeei park general &ladies 22Nov09
Construction of garden for Qatar green centre - M. Municipal Affairs & Agriculture 23Nov09
Supply, Installation, Operation and Maintenance of Computer and Accessories for Ministry of Social Affairs and Labour - MINISTRY OF SOCIAL AFFAIRS AND LABOUR 01Dec09
Improvement of Traffic Flow in Various Areas of Greater Doha - Zone (1) to (68) RA/09-10/C/085/G 10Nov09
Maintenance Works for Fire Alarm and Firefighting Systems at Shuaiba Sothern Power and Water Distillation Station - MINISTRY OF ELECTRICITY & WATER 15Dec09
Purchase of Ice Cubes and Leasing of Refrigerated Trailers for American Forces - Ministry of Defense 24Nov09
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In 2010, the UAE construction industry will see stiff competition with lesser projects and a greater number of players.
 
 
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Finding Financing
Global developers building projects are concerned about the difficulty in securing for their projects. Emirates Business did a reality check with a few of the international developers operating in the UAE and found most have factored in the market fluctuations.
 
 
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For many, the opening of commercial, hotel and residential space in Abu Dhabi can not come quickly enough.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Orascom Construction Industries Egypt 9,544
2 Lafarge Ciments Morocco 3,297
3 Southern Province Cement Company Saudi Arabia 2,370
4 Qassim Cement Company Saudi Arabia 1,686
5 Yamama Saudi Cement Company Saudi Arabia 1,616
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