Qatar awards billions in Private sector contracts for 2017

Qatar awards billions in Private sector contracts for 2017

Doha: Qatar plans to award contracts worth $29bn to the private sector in order to encourage diversification and focus on supporting food security projects, small and medium enterprises, and the development of infrastructure in economic zones and free trade zones, QNA reported yesterday. The Qatari economy has started the New Year with optimistic plans to develop agricultural production to meet the needs of the local market and achieving self-sufficiency in agricultural and livestock products through the Qatar national food security programme and the comprehensive food security plan for the period 2014-2024. Read the Full article...
Qatar unveils sixth stadium design

Qatar unveils sixth stadium design

The authority responsible for delivering Qatar’s World Cup stadiums has revealed designs for the Al Thumama Stadium – the sixth proposed 2022 FIFA World Cup venue. The stadium has been designed by Qatari architect Ibrahim Jaidah, who is the chief architect of Arab Engineering Bureau (AEB) and is based on the traditional ‘gahfiya’ headdress. A contract has already been awarded for the stadium’s construction by the Supreme Committee for Delivery and Legacy (SC) to a joint venture between Qatar-based contractor Al Jaber Engineering and Turkey’s Tekfen Construction. It was awarded in February. The stadium is due to hold 40,000 fans during the tournament itself, but will be reduced to a 20,000-seat venue once the tournament is over, with the excess seating donated to a country in need of sporting infrastructure, SC said in its statement. Read the full article on...
South Korea to build $10bln integrated agricultural city in Egypt

South Korea to build $10bln integrated agricultural city in Egypt

Egypt and the Korea-Arab Society (KAS) signed Tuesday a cooperation protocol to build a $10 billion integrated agricultural city in the North African country. The city will be stretched over an area of 300,000 feddans in the southeast part of the Qattara Depression, north west of Egypt, said Prime Minister Sherif Ismail speaking at a press conference following the signing ceremony. The protocol was signed by the General Authority for Reconstruction Projects and Agricultural Development, an affiliate to the Egyptian Agriculture Ministry, and the Korea-Arab Society, represented by the Korean Arab Company for Economic and Cultural Consultancy. Read the full article on...
Tekfen Construction wins $200m highway project in Qatar

Tekfen Construction wins $200m highway project in Qatar

Tekfen Construction, a subsidiary of Turkey-based Tekfen Holding, has bagged QAR729.6m ($200m) contract to build a highway in eastern Qatar. The highway construction contract for Eastern Industrial Road, which was awarded by the Qatari Public Works Directorate, is scheduled to be completed over a period of 27 months. The project includes 2.5km of highway with two viaducts. With the latest contract, Tekfen’s ongoing projects in Qatar increase to four. Read the full article on World Construction...
Construction of first wind power project in Oman on track

Construction of first wind power project in Oman on track

Marking a quantum leap in the Sultanate’s move to generate alternative energy and distribution among the remotest areas, construction of the first wind-power project in Dhofar Governorate is on track and will begin soon, according to top official. Construction of the highly sought-after Harweel project, a joint initiative between the state-owned RAECO (Rural Areas Electricity Company) and UAE’s Masdar will be completed in the next 18 months from the date of beginning and will be operational within next two years. Upon completion, the plant will be able to generate 50MW power for the country, the source added. “We’ll begin the construction activities to be completed in next less than 2 years and will be operational towards the goal of producing 50mega watt electricity from renewable energy”, a top official who was on a short visit to the capital area told the Observer. Read the full article on...
Launch of new system to compare global infrastructure construction costs

Launch of new system to compare global infrastructure construction costs

An industry group has launched a new universal system that compares construction project costs around the world. The International Construction Measurement Standards (ICMS) coalition said in a statement on Monday that its system aims to improve cost prediction in infrastructure projects and slash infrastructure investment risk. The coalition was formed during a meeting at the International Monetary Fund in June 2015. Financing needed for infrastructure projects including buildings, energy systems, railways, bridges, schools and hospitals can often be risky because infrastructure projects across the globe categorise and forecast the construction costs differently, the ICMS statement said. Read the full article on...