19 November 2019

Table of Contents for Ticker Tapes





International

DOHA METRO FIRST PHASE BY 2019

Authorities in Qatar have said Doha Metro’s first-phase operational launch will take place by 2019. According to the Qatar Railways Company the overall project completion is scheduled to touch 50 per cent in 2016, while all tunnelling work for the Lusail Light Rail Transit (LRT) system is now complete. Currently the Metro project has recorded several milestones, starting with 61km out of 113 km of tunnel works powered by 21 underground tunnel-boring machines. The quantum leap in the tunnelling works has broken a Guinness World Record for the largest number of TBMs operating at the same time under one city. The tunnelling work is expected to be completed next year. The first phase launch in 2019 will involve three lines: Red, Green, and Gold.

 

 

SAUDI INDUSTRIAL CITIES FOR WOMEN

Authorities in Saudi Arabia have announced  plans to establish four new industrial cities for working women. According to the Saudi Organisation for Industrial Estates and Technology Zones, also known as Modon, the new industrial cities will be set up in Jeddah, Yanbu, Qassim and Al-Jouf. A decision has been taken by the Council of Ministers to allocate land within existing cities for the establishment of industrial areas that offer employment opportunities for women. Modon Oasis in Al Ahsa, a 500,000 sq m facility with over 80 factories, is Saudi Arabia’s first industrial city completely run by women.

 

 

CHINA FOR ARGENTINA NUKE PLANTS

Chinese state-owned organisation China National Nuclear Corp has announced plans to finance and build two nuclear power plants in Argentina in a deal worth up to $15 billion. This underlines  Beijing’s continued presence in Latin America despite its slowing economy. While the first plant will cost about $6 billion and use Canadian 'Candu' nuclear technology the second will use China’s homegrown Hualong One reactor, which Beijing is promoting for export. Both reactors will be built by the Chinese nuclear organisation in association with Argentina’s state-owned Nucleoeléctrica. It is reported Chinese banks will provide loans and investment to cover 85 per cent of the projects’ costs.

 

 

NEW VIRGIN TERMINAL AT PERTH

Virgin Australia has unveiled its new $200 million T1 domestic terminal at Perth Airport. The terminal, part of the $1 billion redevelopment project of the airport built exclusively for the operations of Virgin Australia, has been designed by Woods Bagot, an Australia-based international architectural firm. As per a press release the new domestic terminal will have 28 check-in kiosks and bag-drop technology; 12 departure gates including three A330 capable aircraft gates, a central retail and dining area and a Virgin Australia lounge featuring the airline's signature Espresso and Wine Bar.

 

 

$3.5 BN AIRPORT FOR JEJU, SOUTH KOREA

Authorities in South Korea have announced plans to build an airport to address growing traffic concerns. A $3.5 billion airport will come up on Jeju island and will be completed as early as 2025. At present the island is served by Jeju International Airport, which is located on the northern shore of Jeju. It is reported the new airport with one-runway will be constructed on the eastern part of the island. The airport, the second busiest after Seoul's Incheon airport, handled 23.2 million passengers in 2014. In 2012, it completed a $284 million renovation project which involved upgrading the domestic departure terminal and expansion of runways and parking lot. 

 

 

ESSAR- SAIPEM BAGS $1.57 BN KUWAIT ORDER

The Essar Group's engineering, procurement and construction subsidiary Essar Projects, in collaboration with Italy's Saipem S.p.A, has won a $1.57 billion order from Kuwait National Petroleum Company (KNPC). The work involves setting up Al-Zour Refinery Project, Package-4, in Kuwait, company said. The project is expected to be completed by 2019. Essar Projects has now begun to mobilise resources for the project. With this order, Essar Project's order book is currently worth $2.8 billion, with projects being executed in nine countries

 

 

BAHRAIN MARINA PROJECT GETS ROLLING

Real estate investment firm Amlak has launch of phase two of the Bahrain Marina development project. It has also given away award of key contracts for the project. The company has announced the appointment of architecture firm Benoy as the lead designer, Bruce Shaw as project manager, Haj as quantity surveyor, Hyder Consulting as traffic and road consultant and AECOM as marine consultant. It is reported the Bahrain Marina development, comprising residential, entertainment, leisure and marina facilities will come up on in the capital city Manama’s coastline and is slated for completion in 2020.

 

 

CHINESE PORT CITY IN SRI LANKA TO RESTART

Authorities in Sri Lanka are on their verge of giving their approval to the restarting of a multi-billion dollar China-funded port city project by early next year.  The $1.4 billion Colombo port city project funded by the China Communications Construction Co was suspended by the government in March following concerns on certain aspects of the project. It is learnt that the Sri Lankan government is now expected to give its approval for the Port City project by February.

 




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