12 December 2019

Table of Contents for Ticker Tapes





Ticker Tape-International

QATAR TO AWARD $30 BN CONTRACTS

 

Authorities in Qatar are set to award new infrastructure projects worth over $30 billion this year. The contracts will come on the back of major project awards on Ashghal’s expressway and local roads and drainage programmes as well as significant investment in real estate and transport projects such as Lusail and the New Port project. The year will see the award of the $2 billion rolling stock and systems contract on the Doha Metro, and five main multi-billion-dollar packages on the mega water reservoirs main packages, it is learnt

 

 

 

AL JABER TO BUILD NEW SAUDI AIRPORT

 

An Abu Dhabi based firm has signed a $490 million contract to develop a new airport in Saudi Arabia. According to the plans, the Al Jaber Group's Saudi division will build a new 86,000m² passenger terminal at Abha which will be equipped to handle five million passengers every year. The project will also feature 20 passenger boarding bridges, a parking apron for planes and parallel corridors to accommodate 26 planes at the same time, and a car parking building which will be able to accommodate 2,800 cars.  It is reported the construction which will take around 36 months.

 

 

 

DRAKE & SCULL BAGS $54MN WORKS

 

A subsidiary of Drake & Scull International has won a $53.91 million engineering contract to implement a project in Dubai. It will provide mechanical, electrical and plumbing services for an under-construction hotel and apartment complex. The award of the prominent hotel project complements the company’s excellent portfolio of landmark developments and further cements its position as one of the leading engineering solutions providers in the region and gives it a promising start to 2015, it is reported Khaldoun Tabari, CEO and vice chairman of DSI said.

 

 

 

TALLEST TWIN TOWERS FOR DUBAI

 

Properties and investment firm Emaar Properties together with Dubai Holding is planning to build the world’s tallest twin towers. The residences project known as Dubai Creek Harbour at The Lagoons to be launched in November this year will be located within Mohammed bin Rashid City. It is reported the two apartment buildings to be built first will cost around $817 million. The master plan will contain The Dubai Twin Towers, an iconic mixed-use development billed to be the tallest twin towers in the world, a dedicated retail precinct and pedestrian walkways, it is reported.

 

 

 

$4 BN MASTERPLAN FOR BRISBANE AIRPORT

 

Federal authorities in Australia have approved a 20-year plan worth $4 billion for the development of the Brisbane Airport precinct. This includes construction of a parallel runway, upgrades of the regional satellite facility, domestic and international terminals, and improvements to the transport networks. The plan, aimed at a 49 million passenger capacity by 2034, includes a five-year airport environment strategy and ground transport plan. It is expected the Brisbane Airport, besides contributing $8.2 billion to the economy, will also generate 51,500 full-time jobs.

 

 

 

TARGET BAGS ADNOC WORKS 

 

Arabtec Holding has secured two contracts in Abu Dhabi totaling $152.5 million through its subsidiary Target Engineering. It is reported the projects include award of a housing complex in Ruwais and a new management building and a civil defence station, near Abu Dhabi, by the Abu Dhabi National Oil Company (ADNOC). Both contracts are to be completed by Target by February 2016 as per the agreement. The company handles construction projects in the oil and gas sectors in the United Arab Emirates, Saudi Arabia and Qatar.

 

 

 

KUWAITI FIRM BAGS IRAQ PROJECT

 

The Al Nasriyah Al Kuwaitiah Company has won a $1.35 billion contract to build and operate the Diwaniya Airport and Aerotropolis in Southern Iraq. It is reported the full service  aerotropolis  will include hotels and an entertainment district, exposition center, public plaza, shopping center, hospital, medical center, sports complex, industrial parks, university campus, research and technology park, manufacturing facilities, and mixed use commercial and residential housing. The project works includes building the airport terminal, establishing a free trade zone and construction of the aerotropolis. It is reported the whole project will take five years to complete

 

 

 

HONG KONG METRO WORKS

A ?330m contract has been awarded by Hong Kong Metro operator MTR to Thales and Alstom to upgrade the signalling systems of its seven metro lines. It is reported as part of the contract includes the latest communications based train control (CBTC) technology and a maintenance option. The consortium will replace the existing signalling system including automatic train supervision (ATS), interlocking, and automatic train control (ATC) in the control centre, trains and stations. While Thales will be delivering the advanced SelTrac CBTC system, the implementation will be carried out by a Alstom-Thales project team. While Thales will have the technical leadership of the project, Alstom will carry out the overall project management and provide the remote trackside equipment controllers, in order to deliver seamless interface with the existing field elements.

 

 

 




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