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TA’ZIZ awards US$2 Bn contracts for key infrastructure projects

Staff Writer | Nov 11 2024

Ventures Onsite Construction News Update

In the news this week

Beyon BSC Unveils Ambitious Digital City Project in Bahrain

Beyon BSC has announced plans for a 380,000 square meter Digital City project in Hamala. This mixed-use development, master planned by AECOM, will feature Beyon’s new headquarters, R&D centers, healthcare facilities, fitness and recreation centers, educational premises, modern office spaces, retail and dining areas, and hospitality with serviced apartments.

The project’s centerpiece will be a 1.2 km vehicle-free, green boulevard that seamlessly unites these facilities, fostering a harmonious lifestyle.

TA’ZIZ awards US$2 Bn in EPC Contracts for Al Ruwais Development

TA’ZIZ has awarded over US$2 Bn in engineering, procurement, and construction (EPC) contracts to advance its chemicals and transition fuels ecosystem in Al Ruwais. NMDC Group has secured the EPC contract for the chemicals port, while Advario and Rotary Engineering will develop the chemicals terminal, including storage facilities and pipelines. 

Al Geemi Contracting will oversee the essential infrastructure, including internal roads, security fencing, and buildings across the 17-square kilometer site.

KBR Secures FEED Contract for Expansion of Qalhat LNG Complex

KBR has been awarded a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur.

The project will include a fourth LNG train with a capacity of 3.8 million tons per annum, along with expanded utilities, an additional LNG tank, the jetty, and associated infrastructure, enhancing the complex’s capacity and operational efficiency.

king Salman Energy Park Signs US$800 Mn in LOIs

During ADIPEC 2024, Saudi Arabia’s King Salman Energy Park (SPARK) secured US$800 Mn in Letters of Intent (LOIs). 

The agreements include BioChem’s state-of-the-art facility for xanthan gum production, MAN Industries’ 360,000 m² facility for carbon steel pipes and anti-corrosion coatings, Primetech International’s production of blowout preventors and manifolds, Thermocables’ high-quality cable manufacturing, and Dalipal Holdings’ seamless steel pipe production.

Reef Luxury Developments launches US$47 Mn Reef 1000 project

UAE-based Reef Luxury Developments has launched the US$47 Mn Reef 1000 project, featuring 125 homes in Dubai Land Residential Complex. 

The project is highlighted by integrated, climate-controlled sunken gardens—a world-first design that offers a practical solution for outdoor living in the UAE’s climate. This project sets a new benchmark for modern residential design, creating comfortable, weather-resistant spaces for relaxation and socializing.

Ezdihar Real Estate Development Unveils US$292.81 Mn Park in KSA

Ezdihar Real Estate Development has launched Ezdihar Park, a commercial project valued at over 1.1 billion Saudi riyals (US$292.81 Mn) in Riyadh. Following the design phase completion, excavation work has commenced. 

The project will include more than 100,000 square meters of leasable office space and 70,000 square meters of landscaped surroundings across 23 buildings.

Pantheon Development unveils One Central in Al Marjan Island in RAK

Dubai-based Pantheon Development has unveiled One Central, a US$47 Mon mixed-use project located in Marjan’s RAK Central master plan. The 450,000 square feet development will comprise 312 residential units, a Grade A office building, and hotel apartments. The project will be formally launched on November 21 at the Coca-Cola Arena in Dubai.

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