Top 10 contract wins – November 2017
Construction Week counts the top construction contracts awarded in the Middle East in November 2017
10. Nshama awards two contracts for Town Square's Rawda Residence
Nshama awarded two contracts for its Rawda Residence project located in the Town Square development in Dubai, a senior official has revealed.
The main contract for the project was awarded to Engineering Contracting Co. (ECC) with construction commencing next month, Fred Durie, chief executive officer of Nshama told Construction Week.
Excavation, shoring, and piling works have been awarded to Dutch Foundation and Concrete Processing Co. LLC with work already in progress, Durie said.
“[Construction] should start next month, with the enabling works, shoring and excavation already started,” he said.
Rawda is a four-building residential project featuring one-, two-, and three-bedroom units set for a Q4 2019 completion date.
9. Eagle Hills awards main contract for The Address Fujairah Resort + Spa
Eagle Hills Abu Dhabi awarded the construction and infrastructure works contract for The Address Fujairah Resort + Spa to Joannou & Paraskevaides (J&P).
The Abu Dhabi-based real estate investment and development company made the announcement during an official signing ceremony marking the ground breaking of the hotel project.
Located in Sharm in Fujairah, the hotel will comprise 196 rooms with a range of amenities as well as four residential buildings that include 172 branded apartments, five beach villas, and five garden villas.
The 63,677m2 development also features a 500-metre promenade, beach access, and a plaza, according to a statement.
Eagle Hills has completed the grading and marine works at the site since announcing the project in April 2016.
8. SSH wins contract for five-star beach resort project in Oman
Architecture and engineering consultancy, SSH, announced that it has been awarded the construction supervision services contract for Dhofar Beach Resort.
Located in Salalah, the planned five-star beach resort complex is a project of Taameer Investment, an Oman-based investment firm with a portfolio that covers various sectors, including real estate.
With a total built-up area of approximately 80,000m2, the complex will consist of a 130-room hotel, as well as a residential component in the form of 85 hotel apartments and 85 villas.
In a statement, SSH said that hotel guests will have access to restaurants, food and beverage outlets, leisure and water sports facilities, meeting rooms, a business centre, retail shops, a health club and spa, and a ballroom, among other facilities.
7. UAE’s Damac awards $95m worth of new contracts for Akoya Oxygen
Damac Properties initiated $95.3m (AED350m) worth of road and main construction works for its Akoya Oxygen development in October 2017.
The latest works follow a $171m (AED628m) contract for the development of 1,296 villas, which was awarded to Arabtec Construction in August 2017.
The UAE-headquartered real estate developer has appointed Towers Technology Contracting to carry out main works for 448 villas within Akoya Oxygen.
Nael Construction & Contracting has been enlisted to build roads and an infrastructure network to link a variety of the Dubai project’s Phase 6 clusters with its main roads network.
This contract will supplement infrastructure packages for previous phases of the development, which were awarded to China State Construction Engineering Corporation Middle East (CSCEC ME) and Ghantoot Road Contracting.
6. ASGC scoops two contract awards for Emaar projects in Egypt
UAE-headquartered construction firm, ASGC, announced the expansion of its overseas portfolio, having won two new projects in Cairo.
In a statement, ASGC revealed that it has been chosen as the main contractor for Emaar Misr’s Levana and Crescent projects, both to be developed in Egypt’s capital city.
Emaar Misr is a fully owned subsidiary of Dubai's Emaar Properties.
Commenting on the company’s two contract awards, Bishoy Azmy, chief executive officer of ASGC, said: “Across our business, ASGC’s growth momentum continues as we expand to new regional markets and affirm our commitment to supporting top regional developers.
5. Contractor named for Abu Dhabi's $1.2bn Reem Mall
A contracting joint venture (JV) was named to build Abu Dhabi's $1.2bn (AED4.4bn) Reem Mall.
Itinera Ghantoot, an Italian-Emirati JV between Itinera and Ghantoot, will be the lead contractor for the mega-project.
Located in the Najmat District of Reem Island, the mall will offer education attractions and family-focussed entertainment options, such as Snow Park Abu Dhabi.
The project is being developed by Al Farwaniya Property Developments, a partnership between logistics giant Agility, Agility-affiliate United Projects for Aviation Services Company (UPAC), and National Real Estate Company (NREC).
4. Expo 2020 awards Al Wasl Plaza contract to Abu Dhabi-based company
Expo 2020 Dubai awarded the construction contract to build the Al Wasl Plaza to Abu Dhabi-based contractor Cimolai Rimond Middle East, according to a senior official.
Ahmed Al Khatib, Expo 2020’s vice-president of real estate and delivery, made the announcement during a speech at The Big 5 construction exhibition in Dubai on Sunday, according to Zawya.
“I am happy to announce that Cimolai Rimond Middle East has been awarded the contract to build the steel structure for Al Wasl Plaza,” he said.
“When finished, the [Al Wasl Plaza] structure will weigh 2,265 tonnes and enclose a space of about 724,000 cubic metres, the same volume as 290 Olympic-sized swimming pools.”
3. Kuwait signs $80m contracts for five healthcare projects in Tunisia
Five Tunisian healthcare projects, with a combined value of approximately $79.7m (KWD24.3m), were approved for funding by Kuwait.
Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement worth $79.4m (KWD24m) to build four hospitals across Tunisia.
Funding for the four hospitals will be provided at an interest rate of 1.5%, to be repaid within 20 years, with a four-year grace period.
Construction, as well as equipment sourcing, for the four hospitals will be completed through the sum.
Each hospital will be constructed with a capacity for 105 beds, with the projects – which also include service buildings – due for completion in 2021.
2. Carillion Alawi wins Oman's $316m Sultan Qaboos Hospital contract
Carillion Alawi was awarded a $316m (OMR121.6m) contract to work on Oman's Sultan Qaboos Hospital project.
The company is a 50:50 joint venture (JV) between the Zawawi family and the UK's Carillion plc, which announced its intentions to exit "major Middle East markets" earlier this year.
In a statement on its website, Carillion said that the JV firm had signed "a letter of award with the Oman Ministry of Health as the preferred bidder [for] the design and build of the new Sultan Qaboos Hospital".
Sultan Qaboos Hospital will span a 20ha area in Salalah, and a seven-storey building with the initial capacity for 620 beds will be developed as part of the project, ONA reported.
Development works for the project will be implemented in two phases, the first of which – comprising initial design and mobilisation activities – is set to commence immediately, with funding expected from "the customer".
Carillion said second-phase works would commence in 2018 once the design had been completed and funding had been finalised.
1. Contracts signed to fund Phase 2 of $390m mall in Muscat
Al Jarwani Group and Tamani International for Development and Investment signed contracts worth $57m (OMR22m) with banks to finance the second phase of a mall project in Muscat.
The project is expected to span an area of 20ha, with total investments in the project expected to exceed $390m (OMR150m).
Mahmoud bin Mohammed al-Jarwani, chairman of Al Jawani Group's board, said the mall was being extended "due to good demand for the project".
Phase 2 works would be completed "in conjunction with the first phase", he added.
An aquarium spanning 8,000m2, as well as a 5,600m2 glacier park, will be developed within the mall.