29 March 2020

Ticker Tape - International


Kleindienst Group, an UAEbased developer, has mobilised work on its flagship project The Heart of Europe which forms part of Dubai’s iconic manmade cluster of six islands called The World. The dispatching of 600 tonnes of materials and equipment from the mainland to the islands, and vibro-compaction of all six islands is the first step in the building construction process which will last till the end of 2016. Incidentally the The Heart of Europe project includes islands for mainland Europe which has been inspired by French, German, Italian, Austrian, Spanish architecture. It is reported once completed the developments will offer visitors and holiday makers the authentic charm of each of the European countries. The six islands will offer leading hotels for families and wedding parties, landscaped gardens, climate controlled plazas, street performers, snow and rain-lined streets among many other attractions.  



A consortium of Qatari Diar Vinci Construction (QDVC) and Alstom has been awarded a €2 bn design-build contract by Qatar Railways for the Lusail light rail project. QDVC has been associated with first of two construction contracts for the 33km four-line network earlier. Under the new contract, QDVC will be responsible for building the remaining 25 stations, the depot, architectural and electro-mechanical works, and project management. Alstom will supply 35 LRVs, besides providing catenary-free electrification, power supply, track, signalling, telecommunications and train control under the contract.   The network comprises 22.7 km of at-grade and elevated railway and 10.4 km of cut-and-cover construction, plus 10 underground and 26 surface stations. The first line is expected to open in 2018 followed by the remaining three lines in 2020.



Work on the Dubai Tram project has achieved completion to the extent of 93 per cent as per officials of the Roads and Transport Authority. Bridges, stations, maintenance and storage facilty and various other components of the development are expected to be completed as per their November deadline. The depot comprises 11 environment-friendly buildings with a capacity to accommodate 25 trains. The facility includes a control centre for the rail operations which verifies the safety of doors, brakes and motors of each train in addition to airconditioners along with other sophisticated ancillary electronic systems, maintenance workshops and washing and cleaning workshops.



Hospitality major Accor has announced plans to open the largest economy hotel in the Middle East. The new development will come up at the Dubai World Trade Centre District, a new commercial development in the heart of Dubai's business district. The hotel is set for an early 2016 opening. The 588 room Ibis Dubai World Trade Centre District hotel, for which construction will begin soon, will be completed in the final quarter of 2015. The hotel will target a wide mix of international and regional business, leisure and MICE (meetings, incentives, conferences and exhibitions) travellers. Accor has a current network of 65 hotels with more than 15,600 rooms in the Middle East including 14 Ibis hotels which account for over 3,000 guest rooms. Presently 10 more Ibis hotels comprising over 2,500 rooms are under development



Authorities in Kuwait have put on hold tendering for construction of the second terminal for Kuwait’s mega airport project. This follows complaints and withdrawal by contracting companies regarding ‘tough conditions’ which they view as discouraging and incapacitating to their participation. These include the requirement of contractors to invest at least 35 per cent of the contract’s value in civilian projects under an offset program, payment of 5 per cent guarantee as income tax on the project; 10 per cent as offset guarantee; and other contracting fees besides agreeing to conditions that only one company execute the project. It is reported out of the 19 pre-qualified firms only six international companies bought tender documents.



Authorities in Uganda are planning to invite six Chinese EPC firms to participate in a competitive bid for projects intended to expand the country’s rail network. The contracts are for projects worth up to $8.3 billion. This includes a new standard-gauge network which will speed up freight shipments and carry heavier loads than the current metre-gauge network. Under the first phase of the project close to 1000 km of lines will be developed from the border with Kenya to Rwanda, and to a town close to the border with the Democratic Republic of Congo. These developments follow construction of a rail line in a new line in neighbouring Kenya which will be extended through Uganda to the Rwandan capital, Kigali.



Abu Dhabi Airports has expanded its development plans at the under construction $3bn Midfield Terminal Building (MTB) in line with the growth of its flag carrier Etihad Airways. When unveiled in 2017, the 700,000 sq.m MIB will be the largest singular building in Abu Dhabi and is expected to be able to cater to up to 30 million passengers a year. It is also looking at improvements at the two remaining airports – Delma Island Airport and Sir Bani Yas Island Airport in order to raise the tourist potential of the islands.


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