Top 10 contracts awarded in January
CWOnline looks at the biggest deals we reported on over the last month
It may only be the first month of 2014 but there was no shortage of business done in January.
As the economy continues to recover, a whole host of deals have been agreed across the GCC and the wider world through a number markets, including real estate, infrastructure, retail and oil & gas.
Here we look at the top 10 contracts awarded this month, which were reported by CWOnline:
The month was barely a wek old and UK-based engineering company Amec was celebrating a five-year, $415mn projects management consultancy contract from the Kuwait Oil Company
On 14 January CW reported that Veolia Environnement, part of the French transport and engineering giant Veolia, had won a $437mn (€320mn) contract to build a new seawater desalination plant at the Az Zour North complex in Kuwait.
On the very same day as the Veolia announcement, Arabtec Construction revealed it had been awarded a $705mn (AED2.59bn) project to build a new, mixed-use development at Reem Island in Abu Dhabi.
The development includes a new 61-storey residential tower containing 613 furnished apartments and a 15-storey, C-shaped hotel building with 400 guest rooms and 200 apartments.
14 January 2014 was certainly a day to remember as another huge contract was featured on CWOnline. This time it was Dubai-based Drydocks World being commissioned to construct the largest rig ever built for the North Sea in a deal worth $730mn.
On the very first day of the month, Saudi Electricity Company (SEC) announced the signing of five contracts worth $807.9mn (SAR 3.03bn) to build two transformers and 380kV (kilovolt) supply lines as it aims to meet Saudi Arabia’s growing power demands.
A consortium consisting of Implenia and Swietelsky was awarded an $850m to take the technical lead on the planned Semmering base tunnel (SBT) - one of the most important large-scale infrastructure projects in Central Europe.
On January 22 we reported that Adma-Opco had signed an engineering, procurement and construction (EPC) contract worth $885mn (AED3.257bn) with the National Petroleum Construction Company (NPCC) for the first phase of the Lower Zakum Oil Lines Replacement project.
Dubai contractor Arabtec Holding announced it had won a $1.55bn (AED5.7bn) contract to build a resort in the Aqaba area of southern Jordan.
Qatar's Public Works Authority, Ashghal, signed seven new contracts as part of its local roads development programme, worth a combined $2.8bn (QR10.2bn).
On 8 Jamuary we reported that a consortium of South Korean firms, led by Hyundai Engineering & Construction, had bagged a $6.04bn oil refinery contract from the Iraq government.