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In the news this week
The Abu Dhabi Investment Office in collaboration with the Abu Dhabi Department of Education and Knowledge has awarded the contract for the Zayed City Schools public-private partnership project to a consortium led by BESIX and Australia’s Plenary Group, and subsequently reached Commercial Close.
The Zayed City Schools PPP project includes the design, build, finance, maintenance and transfer of three new school campuses with a capacity of 5,360 students in Abu Dhabi’s Zayed City.
UAE based Danube Properties announced its latest project – Gemz by Danube at Al Furjan, valued at US$95 Mn and comprising 270 well designed apartments loaded with 30 luxury amenities.
In Saudi Arabia, Jeddah Central Development Company has awarded a contract to Modern Building Leaders for carrying out development works for the first phase of its $20bn Central Jeddah project. The scope of work for MBL includes the project’s infrastructure and marine works that will lead to demolition of almost 400 buildings within the city’s present infrastructure for the first phase.
Saudi Arabia’s national mixed-use developer ROSHN, announced its new venture, the Al-Arous community in north Jeddah which will extend over approximately 4 million square meters, and includes more than 18,000 different residential units.
Saudi Aramco Base Oil Company – Luberef announced in a statement that it has signed a Memorandum of Understanding with APAR Industries Limited for building a Transformer Oil/White Oil plant at the LubeHub in Yanbu.
Olayan Saudi Holding Company’s subsidiary, Alupco, signed a memorandum of understanding last week with Egyptian OCTA International to establish a factory for manufacturing aluminum products and applications for the construction sectors and other high-quality products.
Egypt’s National Authority for Tunnels has signed a US$8.7 billion contract with Siemens Mobility and its consortium partners Orascom Construction and Arab Contractors to build the world’s sixth largest high-speed rail system consisting of about 2,000 kilometers of high-speed railways.
