Wednesday, September 20, 2017

TICKER TAPE: INTERNATIONAL

SYSTRA-PARSONS JV WIN DOHA METRO DEAL

A SYSTRA-Parsons joint venture has bagged a $234 million project management and work’s supervision contract from the Qatar Railways Company for Phase I of the Doha Metro. The contract covers design reviews, work’s supervision, testing and tracking acceptance activities. SYSTRA, as lead consultant will be responsible for signalling, driverless systems, rolling stock and depots. It is reported Phase 1 of the metro, which is due for commissioning in 2019, features 85km of line including a 55km tunnel section and 37 stations. The scope of the contract allows the Group to strengthen a long-term presence in this strategic country as part of its growth strategy.

 

 

 

28MN DEIRA ISLANDS CONTRACT AWARDED

 

Leading Dubai developer Nakheel has finalised contracts for its Deira Islands project. The scope of work for the 15.3 square kilometre waterfront cit includes design and supervision services.  Nakheel has appointed AE7 for the design and supervision services including master planning and infrastructure design. The contract is worth AED28 million. The same firm was also awarded work contract related to architectural and engineering services for the Night market and Board Walk, two main attractions on the island. It is reported the attractions on Deira Islands will include a large shopping mall; an amphitheatre for 30,000 people; and a marina that can accommodate large yachts. As far as construction of infrastructure is concerned tender documents are slated to be released this month after which firms will be invited to collect. 

 

 

 

DRAKE & SCULL BAGS $34MN ORDERS

 

In keeping with its winning habit Drake & Scull Kuwait (DSI Kuwait), a subsidiary of Drake & Scull International, has bagged new contracts worth $34.8 million, as per a press release. Among the projects secured by the company are a major engineering contract worth AED68 million for Sheikh Jaber Al Ahmad Cultural Centre in Kuwait City, a AED60 million MEP deal for a healthcare project in Shuwaikh and two commercial developments in Al-Qebla. The scope of work for the company’s Kuwait subsidiary includes supply, installation, testing and commissioning of plumbing and fire fighting works, including defect liability.

 

 

 

JAP FIRM WINS RIYADH TOWER CONTRACT

 

Nikken Sky Japanese has signed a contract with Nayef Al Rajhi Investment to build a mixed-use tower in Riyadh. The consulting and engineering firm will be constructing the skyscraper “a eye catching masterpiece of architectural and engineering excellence” on King Fahd Road in the Saudi capital. It is reported Nayef Bin Saleh Al Rajhi, chairman of Naif Al Rajhi investment, said the Japanese company was selected on the basis of its global reputation and quality of its designs and innovative approach.

 

 

 

LULU GOES HYPER IN MALAYSIA

 

The Lulu International Group is planning to set up hypermarkets in Malaysia in collaboration with local authorities. The Abu Dhabi based retail firm will open its first hypermarket in Kuala Lumpur this year before unveiling another five at different locations in the next few years.  This is part of the group’s plans to invest $200 million on hypermarkets in Malaysia. The Lulu Group has more than 100 hypermarkets in the Middle East and one in Kerala.

 

 

 

FIRMS SHORTLISTED FOR MAKKAH METRO

 

Authorities in Saudi Arabia have shortlisted ten national and international companies for the Makkah Metro project. The prequalified consortiums which include companies from China, South Korea, Malaysia, Spain, Italy and Austria have been invited to submit their bids for the first phase of the project which involves construction of two 45 km rail lines and 22 train stations. Phase I has been split up into two separate contracts with a view to speed up work and complete project on time. The scope of work includes civil works, train transport systems, manufacture of cars and maintenance equipment. The total cost of the entire project is $16.5 billion. The first phase to be completed in three years will cost $6.8 billion.

 

 

 

$40BN EGYPTIAN HOUSING PROJECT

 

Arabtec has appointed a masterplanner for its $40billion project to build up to one million new homes in Egypt. The Dubai firm has selected the UAE based Architecture & Planning Group to deliver the project, which covers 13 different sites with the biggest of the housing projects containing up to 500,000 homes.

Work on the project is expected to start in the third quarter of this year and be completed before 2020.

 




Leave a Comment

Name  
Email Address
(will not be published)    
Website
Comment