Top 10 contracts signed in October

Ten of the biggest deals struck throughout the past month

NEWS, Business, Contracts

The total value of construction projects awarded in the GCC is likely to increase by 22% in 2014 to $195.67bn, from $159.87bn in 2013, according to a new report.

Saudi Arabia is likely to be the highest spender, with $69.62bn worth of projects set to be awarded, followed by the UAE with $47.16bn, according to the report produced by Ventures Middle East on behalf of The Big 5 trade show for the building materials industry.

And there were plenty of deals struck during last month. Here, Construction Week takes a look at the biggest contracts signed in October.

10. Thyssenkrupp secures $127.4mn Saudi contract

9. Jeddah municipality reveals $266.5mn roads project

8. Renaissance awards $150mn worth of Duqm deals

7. Ashghal awards QR1.077bn healthcare contracts

6. Petrofac wins $500mn Iraq contract

5. Saudi Electricity signs $682.5mn Riyadh metro deal

4. Al Jaber Building wins $699mn ADNOC deal

3. Consortium reveals $1.5bn deal for Suez canal work

2. Saipem wins contracts worth $2bn

1. Deal signed for $2.5bn tourism project in Oman

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