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In the news this week
In UAE, Jubail Island Investment Company (JIIC) has awarded a 22-month contract worth $60mn to China State Construction Engineering Corporation (CSCEC) for the construction of 150 townhouses within the Souk Al Jubail community on Jubail Island in Abu Dhabi. The townhouses at Souk Al Jubail will be two, three, and four bedrooms and will also include an amphitheatre, plazas and green spaces with playgrounds.
Adnoc awarded a 3-year EPC contract worth $173 million to Archirodon Construction Overseas Company to boost production capacity at one of its largest oil fields, Asab. The project will boost the capacity of Murban crude from Asab by 12% and also increase the handling capacity of the Asab Central Degassing Station.
In Saudi Arabia, NEOM has awarded drill and blast tunneling contracts, totalling 28km in length to two joint venture groups, with the first contract awarded to FCC Construction SA/China State Construction Engineering Corporation/Shibh Al-Jazira Contracting Company Joint Venture, and the second to Samsung C&T Corporation /Hyundai Engineering and Construction Co. Ltd/Saudi Archirodon Company Ltd Joint Venture.
China Railway 18th Bureau Group has been picked to excavate 5km of road tunnels near the city of Madinah in the Hijaz region of Saudi Arabia. Rua Al Madinah Holding Company awarded the 42-month contract valued at $970m. WSP and Parsons are among the consultants working on the project.
NPCC, a wholly owned by National Marine Dredging Company (NMDC), has secured a contract with Saudi Aramco worth $2.2 billion for two packages on its Zuluf expansion project. The project is expected to be executed over three years.
In Oman, Sohar Port and Freezone signed an agreement with Sohar Steel Rolling to lease approximately 40,000 sqm of land for the construction of a steel rod manufacturing unit at the free zone. The project, estimated to cost over US$18 Million, includes the construction of facilities for smelting in the first phase and steel rolling in the second phase.
In Egypt, the Suez Canal Economic Zone (SCZONE) signed an MoU with The Sovereign Fund of Egypt, East Port Said Development Company and Egyptian International Motors group to establish East Port Said Automotive Zone (EPAZ), an automobile industry complex in East Port Said Industrial Zone. EPAZ will house automobile and component manufacturing units and is expected to have an annual capacity of 75,000 vehicles in the first phase.
The Big 5 Egypt kicks off on the 25th of June for 3 days at the International Exhibition Centre in Cairo. With more than 230 exhibitors from over 20 countries, this is an opportunity for you to connect and reconnect with clients, suppliers, and industry leaders to discuss the latest construction trends, products, services, and plans for future construction developments in Egypt. Ventures Onsite is the Knowledge Partner for the event and we look forward to meeting you at the Big 5 Egypt.
