Cayan Group Projects worth Dhs1.2bn
Cayan Group has purchased plots to develop its latest projects in in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road. They also announced they they will develop property projects worth Dhs1.2 billion in Dubai and Riyadh this year. The company, which developed the world’s tallest twisting tower in Dubai, said that it has purchased...
ACWA wins Solar Power deal
Saudi’s ACWA Power has won a s 1.7bn Euro Morocco solar power deal, part of a government plan to produce two gigawatts of solar power by 2020. ACWA Power is already building a 160 MW plant in the first stage of the project in the Ouarzazate area. A consortium led by Saudi Arabia’s ACWA Power...
Magellan Spirit LNG carrier aground
It has been confirmed that Teekay LNG carrier Magellan Spirit, fully loaded, 165,600 cbm has run aground 6 miles off Nigeria. According to the company’s spokesperson Jonathan Anthony the vessel grounded in soft mud while under pilotage exiting the Bonny Island LNG terminal in Nigeria, reports gCaptain. Teekay further said that tugs are on station to...
New Islands for Dubai’s The World
Plans to build an archipelago of artificial islands forming the continent of Australasia as part of The World development off the coast of Dubai have been unveiled. A deal is reported to have been signed by OQYANA Real Estate with floating island expert Dutch Docklands to create a series of private island villas within the...
Top 10 Construction Companies
Would you like to know who the world’s top ten construction companies are? This is a list of the companies and information about their projects. Laing O’Rourke The British-based company is young compared to some of its fellow top-tenners, but has quickly expanded, working on several high-profile projects in the last decade, including Ascot Racecourse...
Vinci to build 3 tower complex in Malaysia
Jesselton Group, (Malaysian property developer) has awarded France-headquartered Vinci Construction Grands Projets the contract to build a 125,000 sq m mixed-use development in Kota Kinabalu, a small touristic city in northern Borneo, Malaysia (pictured). The seafront project includes a 7-storey podium over two underground levels that will house a 20,000 m2 shopping centre and parking,...
$4.2bn Kuwait heavy oil contract
The central tenders committee announced on 8 January that Kuwait has awarded a $4.2 billion contract to develop heavy oil fields in the north of the country. The project, called Lower Fars Heavy Oil Development Phase 1, was awarded to UAE-based Petrofac International and the Athens-based Consolidated Contractors Company, the largest construction firm in the...
Major smelting construction Oman
Iran is set to construct a major factory for melting iron in Al Duqm, Oman, for which a major chunk of its proposed $4 billion in investments will be utilised, according to a report. Other major investments in the Sultanate will be in the Al Wusta Governorate, said the Oman Observer report. “We will be...
Statoil Awards Contracts – Norway
Statoil has awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. These contracts include terminal and warehouse services as well as storage and pipeline handling. “These contracts, which will involve a long-term cooperation with the chosen...
CCC to sign mega Oman deal
Athens-based Consolidated Contractors Company (CCC) is preparing to sign the largest construction contract ever awarded in Oman. The deal which is expected to be between $2.3bn-2.6bn covers the construction of the Omagine development to the north of Muscat, in which CCC is an investor. To date, the largest construction contract awarded in Oman is the...
Shell pays £55m forNiger Delta Oil Spills
Nigeria: Long-Awaited Victory As Shell Finally Pays Out £55 Million Over Niger Delta Oil Spills Oil giant Shell’s long-overdue compensation pay out to a community devastated by oil spills in the Niger Delta is an important victory for the victims of corporate negligence, said Amnesty International and the Centre for Environment, Human Rights and Development...
WSP wins Jordan airport contract
A joint venture between Canadian engineer WSP and Jordanian firm Consolidated Consultants, has been appointed as independent engineer for an $800m new-build passenger terminal at Queen Alia International Airport (QAIA), in Amman, Jordan. The joint venture will provide technical advice and support related to project financing. The decision was not entirely unexpected, as both companies...