Top 10: GCC contract wins - August 2015
Construction Week lists the 10 largest GCC contract wins by value, awarded during August 2015
1. Kuwait awards re-tendered $4.34bn airport project
Kuwait's government has awarded a contract to build a new terminal at Kuwait International Airport to the same consortium that had an earlier more-expensive bid dismissed.
Turkey's Limak Holding and local construction firm Kharafi National won the deal after bidding $4.34bn (1.312bn dinars) for the work - $244.36m (74m dinars) cheaper than the offer it submitted in November.
The government's Central Tenders Committee revealed the Limak-Kharafi consortium had submitted the lowest bid during the re-tendering process.
2. Oshkosh wins $6.7bn contract to replace the Humvee
Oshkosh Corporation, formerly Oshkosh Truck, has been awarded a $6.7bn initial contract by the US military to replace its ageing HMMWVs, or Humvees, with 17,000 Joint Light Tactical Vehicles (JLTV).
Oshkosh beat current Humvee builder AM General and defence giant Lockheed Martin to the honour of replacing the US military’s workhorse.
In practice, the $6.7bn deal is the first tranche of a rolling order worth $30bn over the next 25 years, aimed at a production of 55,409 vehicles to replace ailing fleet.
3. Saipem awarded $1.57bn Kuwait Al Zour contract
Kuwait has awarded a $1.57bn contract for work on its planned Al Zour oil refinery to a consortium made up of Italy's Saipem and another firm, state news agency KUNA reported on Wednesday, 12 August, 2015.
Saipem's 45-month contract was the lowest offer submitted in the tender, Khalid al-Asousi, spokesman of state-run Kuwait National Petroleum Co (KNPC) said in a statement, according to KUNA.
The signing of all contracts is expected to take place in early October, Asousi said.
4. Saipem wins two new $1.3bn Kuwait Al-Zour deals
Saipem has been awarded Kuwait National Petroleum Corporation's (KNPC) contracts worth $1.3bn for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City.
Al-Zour NRP will be one of the largest oil-refining plants in the world, with refining output capacity of 615,000 barrels per day.
The NRP will use a combination of conventional and proprietary licensed hydro-processing technologies to convert light and heavy crudes into low sulphur fuel oil (LSFO) and lighter products.
5. Brookfield Multiplex wins $1bn Al Maryah contract
Abu Dhabi-based developer Gulf Related has announced the appointment of Brookfield Multiplex (BM) as the main contractor for its $1.0bn Al Maryah Central mixed-use retail development project on Al Maryah Island in Abu Dhabi.
The $425m construction contract will see BM build a 214,000m2 mall that upon completion in March 2018 will host two US department stores, a Macy’s and a Bloomingdale’s, in addition to 400 other retail stores, 145 restaurants and cafés, and a 20-screen cinema complex.
6. Siemens awarded $523m Kahramaa power deal in Qatar
Siemens has been awarded an order for 18 turnkey substations, worth $523.3m (EUR470m), by Qatar General Water and Electricity Corporation (Kahramaa), the company announced Wednesday, 19 August, 2015.
The substations are expected to meet the increasing power demand in the country.
Project completion is scheduled for 2017.
7. Arab Contractors to build six $344m Chad projects
Egypt based Arab Contractors company is currently carrying out various road projects worth $344m in Chad, chairman Mohsen Salah said on Monday (3 August, 2015).
Those projects are part of AC's plan to boost its businesses in Chad in accordance with the country's development schemes for the rehabilitation of infrastructure projects within the current period.
The chairman asserted that Arab Contractors is implementing six large road projects in Chad with total length near to 291km besides some additional works in other roads.
8. Saudi approves 168 municipal contracts worth $266m
Saudi Arabia has approved contracts worth $266m (SAR1bn) to implement 168 municipal projects in 14 governorates, the Saudi Press Agency reported.
The projects include storm water drainage systems, walkways, environmental health projects, seafront development and construction of municipal buildings and public facilities as well as several consultancy contracts.
Projects worth a total of $41.8m (SAR157.73m), including public parks, walkways, cultural centers and water networks, will be carried out in the Riyadh province, while contracts worth $46.3m (SAR174.55m) will be awarded in Jeddah.
9. Egypt: Orascom subsidiary wins $245m USA deal
Orascom Construction announced that The Weitz Company, its wholly-owned subsidiary, has been selected to design and build a new student housing project at Texas A&M University in College Station, Texas.
The contract value is worth $245m.
"The new student housing complex, which will be the largest in the United States, will accommodate 3,402 students and cover 16.7ha (1.8 million sqf) of facilities including dining, fitness, and recreation," Orascom said in a statement.
10. Arab Contractors' Algerian projects worth $186.4m
Egyptian construction firm, Arab Contractors, announced it is currently carrying out a group of giant housing and industrial projects worth $186.4m in Algeria.
Chairman Mohsen Salah said Arab Contractors is building three new cities in Algeria, expected to provide 4,500 housing units.
Construction of the cities is being carried out as a part of the Algerian government's urban development scheme, local daily Amwal Alghad reported, quoting Salah.