Sunday, November 19, 2017

TICKER TAPE: INTERNATIONAL

 

WORK TO BEGIN ON WORLD TALLEST BUILDING

 

Construction is to being this month on Saudi Arabia’s $ 1.2 billion Kingdom Tower which at over 1 km will become the world’s tallest building when completed. Above ground work on the $1.2 billion project to come up on a 5.3m sq m site in north Jeddah is being overseen by EC Harris and Mace.  Construction of the project is expected to be completed sometime in 2018. It is reported piling works were finished by contractor Saudi Bauer in December last year. Jeddah Economic Company is the developer for the project which will have a total construction area of 530,000 sq m.

 


$1.7 BN QATAR HIGHWAY AWARDED

 

The Habtoor Leighton Group (HLG) in partnership with Al Jaber Engineering has secured a $ 1.7 billion contract to design and construct a 56 km package 3 stretch of the New Orbital Highway and Truck Route road in Qatar. The project awarded by Qatar’s public works authority, Ashghal, connects the Mesaieed industrial area and new port projects to Salwa Road and the five main interchanges near the Qatari capital. It is reported the design
and construction will take up to 36 months to complete.

 

 

FCC TO BUILD DOHA METRO LINE

 

Qatar has another addition to its infrastructure development projects. A consortium led by FCC has won a contract from the Qatar Railways Company to build a section of the Doha Metro red line for Euros 506 million. The winning consortium led by FCC, the Citizen Services Group, also comprises Archirodon, Yüksel and Petroserv Ltd. The scope of work includes building three elevated stations and a 6.97-kilometre section, plus tunneling of a road. The total budget for the Doha Metro project exceeds Euro 20 billion. While the execution period is 31 months the project is expected to create more than 1,000 jobs.

 

 

FIERCE BIDDING FOR RAK PROJECT

 

As many as 116 construction firms from 15 countries, including India, have participated in tenders for the development of two very high utilities projects in Ras Al Khaimah. This includes a 22 million gallons per day water desalination plant and a 40 MW power plant. GDFSuez, Elf Energy, Abengoa and ACWA Power are among the top international bidders in the tender to be finalised by the third quarter of this year. Utico, the region’s largest private utilities company, is developing the projects on a 20-year guaranteed off-take agreement.

 

 

$65 BN EPC CONTRACTS FOR OMAN

 

The Sultanate of Oman is expected to award $65 billion in engineering, procurement and construction (EPC) contracts over the next five years, according to reports emanating from the third annual Oman EPC Projects Summit held recently in Muscat. These include a potential refinery, a petrochemical project in Duqm and a railway project within the country. The summit saw participation from more than 100 professional international EPC professionals. The projects are expected to see a surge of investment across Oman.

 

 

BURJ 2020 TENDER ISSUED

 

Burj Khalifa is soon expected to have another tall companion. Dubai Multi Commodities Centre (DMCC) has issued a tender for project managers for Burj 2020 which is being touted as the world's tallest commercial tower. At present the master plan of the tower is in its final stages. Efforts will be on to secure an architect this year with construction on the tower expected to start in 2015. Burj 2020 is slated for completion by 2019-20. The Burj 2020 has been planned to come up within the 107,000 square metre DMCC Business Park, located on the southern side of the Jumeirah Lakes Towers master community,and will house retail, commercial space, a high-end hotel, sports facilities, large park areas and multi-storey car parking.
 

 

DUBAI SILICON PARK LAUNCHED

 

Dubai Silicon Oasis, an integrated smart city project a cost of AED1.1 billion, has been launched by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, the integrated free zone technology park. Work on the project spanning an area of 150,000 square metres has commenced. The project will be completed by the fourth quarter of 2017. The Silicon Park project comprises 97,000 sq metres of office space, 25,000 sq metres of commercial space, 20,000 sq mts of residential area, and a 115 room business hotel in addition to value-added facilities.

 




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