Top 20 contracts signed in 2014

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Top 20 contracts signed in 2014

According to figures released by Ventures Middle East earlier this year, there were $83.5bn worth of construction projects to be delivered across the GCC in 2014 – up from $70bn last year.

And a report on the market by accountancy firm Deloitte stated the industry is now valued at $1.3tn, with $938bn of projects in the pipeline and the remainder either already tendered, in design pases or under study.

Throughout the last 12 months there have been scores of contracts signed across the GCC, covering infrastructure projects, transport, oil and gas and retal and hospitality.

Each month, CW Online has listed the top 10 deals done. Overall, February proved to be the most popular month, with five contracts signed worth more than $35bn.

However, Arabtec appeared the big winners with a $6.1bn deal inked among those five, and a huge $40bn contract agreed with the Egyptian Army in March to build one million homes.

Here we look at the top 20 contracts signed in 2014.

Public Transport Co wins $2.1bn deal

Kahramaa signs $2.11bn network contracts

Deal signed for $2.5bn tourism project in Oman

DP World agrees $2.6bn deal to buy EZW

Ashghal signs $2.9bn of roads and infra deals

AMEC ties up $3.3bn Foster Wheeler deal

Maaden signs $3.7bn of phosphate complex deals

Qatar awards $3.8bn ports contracts

Samsung signs $3.8bn Kuwait clean fuels deal

Saipem wins two contracts worth $4bn

Qatar awards $4.22bn worth of New Port contracts

Ellaktor awarded $4.4bn Doha Metro contract

Kharafi National wins $4.8bn Kuwait airport deal

Ma’aden signs $5bn deal to fund phosphate complex

Hyundai awarded $6bn Iraq refinery contract

Arabtec lands $6.1bn, 37-tower deal from Aabar

KSA signs deals worth $9.5bn for industrial city

Al Maabar wins $9.7bn Greek contract

Kuwait approves $12bn oil refineries upgrade

Arabtec signs $40bn deal with Egyptian army

Source: Construction Week Online

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.