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Ventures onsite Construction News In the news this week SAMI Composites, establishing a centre of excellence SAMI Composites, a wholly owned subsidiary of Saudi Arabian Military Industries (SAMI), has announced that it has signed an agreement with Lockheed Martin to develop a composites manufacturing centre of excellence in Riyadh with the support of the General… Continue reading Procurement – Construction and Installation News
Ventures onsite Construction News In the news this week Saudi German Health | Saudi German Hospital Riyadh Saudi German Health has awarded contracts for the construction of an outpatient tower with 14 clinics and a 207-bed inpatient beds expansion for the Saudi German Hospital Riyadh to International Hospital Construction Company (IHCC) for US$59.5 million. The… Continue reading Saudi German Health Contracts and Saudi Aramco Construction Agreements
Ventures Onsite Construction News Update In the news this week Red Sea Development Company to sign a JV agreement In Saudi Arabia, the Red Sea Development Co. has signed a joint venture agreement worth US$400 million with Almutlaq Real Estate Investment Co. The two companies will develop the Jumeirah Red Sea, a 159-key luxury resort… Continue reading New master development in The Residential District at Dubai South
Ventures Onsite Construction News Update In the news this week Abu Dhabi to invest in Industrial Strategy In UAE, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office launched the Abu Dhabi Industrial Strategy identifying the Abu Dhabi Government will invest AED10… Continue reading Construction contract for Costa Brava Damac Lagoons
Ventures Onsite Construction News Update In the news this week Arada awarded a US$20 Mn contract to RAQ Contracting The UAE developer Arada has awarded a US$20 Mn contract to build Sharjah’s largest fitness center at its Aljada master development to RAQ Contracting. Construction of the 65,000-square-foot fitness center at the Madar family entertainment district… Continue reading TeamLab Phenomena revealed ‘Home for Infinite Curiosity’ in Saadiyat
Ventures Onsite Construction News Update In the news this week Ministry of Health in KSA awards a US$29.7 million contract Saudi Arabia’s Alfanar Construction was awarded a US$29.7 million contract by the Ministry of Health, Saudi Arabia, to replace and develop the infrastructure for Ohud General Hospital in Madinah. The 24-month project aims to revamp… Continue reading AL Fanar General Contracting Wins Project
Ventures Onsite Construction News Update In the news this week Zayed City Schools PPP Project 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… Continue reading Egypt’s National Authority for Tunnels to build a high-speed rail system
Ventures Onsite Construction News Update In the news this week SEWA commenced tender process for Water Plant in Sharjah Sharjah Electricity and Water Authority (SEWA) has announced the commencement of the competitive tender process to select a developer or developer consortium for the development, financing, engineering, procurement, construction and operation of the 90MIGD Hamriyah Independent… Continue reading ADNOC appointed McDermott intl to build a liquefied natural gas plant
Ventures Onsite Construction News Update Economic growth outlook for the UAE The International Monetary Fund HAS revised upward the economic growth outlook for the UAE in 2022 to 4.2% from 2.3% growth in 2021. The previous forecast for 2022 was 3.5%. In 2023, the UAE is projected to grow 3.8%. Dubai South UAE signs… Continue reading International Monetary Fund projects UAE Economic Growth
Ventures Onsite Construction News Update In the news this week Partnership signed between Maysan Properties and Khimji Ramdas In Oman, Maysan Properties signed an agreement with Khimji Ramdas for the first phase of construction of the Maysan Square project within the Special Economic Zone of Duqm. The project will include 20 buildings constructed across five… Continue reading ADNOC has awarded a four-year engineering services contract to SNC-Lavalin
