Middle East > Construction / Infrastructure

Construction / Infrastructure in Middle East

  • Iran attracts $6B for new power plants

    IRAN, 2017/08/26 Since the implementation of the Joint Comprehensive Plan of Action (JCPOA), Iran has been able to attract $6 billion worth of foreign investment to construct new power plants, according to Thermal Power Plants Holding Company CEO Mohsen Tarztalab. This is while before the nuclear transaction, investment in new power plants had started on a downward trend, Tarztalab said, IRNA news agency reported August 25.

  • Bahrain's infrastructure pipeline drives momentum in construction

    BAHRAIN, 2017/04/16 At the end of 2016 the government reaffirmed its commitment to Bahrain’s $32bn infrastructure pipeline as a key driver of economic increase. These projects – to be implemented in the medium term – include a major upgrade of its international airport, road-building schemes, a new railway link with Saudi Arabia, utilities developments and logistics support, along with investments in housing, industry and services. Foundation for growth As additional projects move from the drawing board into the development stage, Bahrain’s construction sector will be critical to economic increase over the next couple of years, according to a recent statement by the National Bank of Kuwait.

  • Private projects to keep construction humming in Oman

    OMAN, 2017/04/15 The government’s development plan for 2016-20 – the final component of its Vision 2020 long-term blueprint for economic diversification – allocates national development spending of OR1.66bn ($4.3bn) per year for a range of projects, such as a waterfront complex at Port Sultan Qaboos, a new international airport terminal in Muscat and a national railway system. A recent pick-up in investment activity reflects the plan’s call for an enhanced private sector role in ownership, financing and management of such undertakings.

  • Major stretch of Jerusalem - Tel Aviv highway opened

    ISRAEL, 2016/07/21 There are presently three lanes in each direction on Road 1 between Sha'ar Hagai and Shoresh. The widening of the notorious six kilometer section of the Tel Aviv - Jerusalem highway between Sha'ar Hagai and Shoresh has presently been completed. Since the weekend three lanes have been open in each direction with safety shoulders added for drivers who breakdown on the mountain pass stretch of Road 1. Before work began, there were only two lanes in each direction and no shoulders whatsoever, so it was enough for any breakdown or accident to cause traffic chaos.

  • A total of 500 jobs will be created ,project in the Wilayat of Sur

    OMAN, 2016/07/10 Sur - A total of 500 jobs will be created for Omanis any minute at this time through an integrated mixed use project in the Wilayat of Sur. Called the Sur Gate Project or Sur City Walk, the project is the initial of its kind being undertaken in the Al Sharqiyah Governorate. Al Sharqiyah Real Estate Development and Investment Company is developing the project. The company recently inaugurated a part of the project in a soft launch. "We have provided the residents of Sur with a incomparable destination in the Sharqiyah Governorate to visit and spend time with family and friends. The response to the soft opening has been very encouraging.

  • Belgium to build 600MW power plant in Iran

    BELGIUM, 2016/07/10 A Belgian company will build a new 600-megawatt combined cycle power plant near Tabriz city, northwest of Iran, Reza Hosseini, deputy chief of the Center for Investment Services of East Azerbaijan Province, said. The F class power plant will be built near Soufian power plant within 3-4 years, Hosseini said, IRNA news agency reported June 30.

  • Al Hamra Tower, Kuwait’s tallest structure at 414 meters, was built by Ahmadiah. Courtesy of Ministry of Information

    KUWAIT, 2016/04/09 The increase of Ahmadiah has mirrored the increase of Kuwait. Today the construction company continues its significant contribution and partnership with the public and private sectors At the same time as a visitor arrives in Kuwait, throughout their trip they will be driving on, looking at, living in, or utilizing buildings and infrastructure built by the country’s premier construction company: Ahmadiah Contracting & Trading Co.

  • Dubai: Fire Breaks Out At 63-Story Luxury Address Downtown Dubai Hotel

    UNITED ARAB EMIRATES, 2016/01/03 A 5-star Dubai hotel became engulfed in flames as the city was preparing for New Year’s Eve celebrations, with 16 people receiving injuries. Firefighters are currently battling the fire at the 302-meter tall Address Downtown Dubai. It was not instantly clear what caused the fire, which covered at least 20 stories of the building near the Burj Khalifa, the world’s tallest skyscraper. Burning debris rained down from the building as firetrucks raced to the scene. Al Arabiya reported that one person was killed during a stampede in the process of evacuation, however this data has not from presently on been confirmed by officials.

  • Financing the Nyagatare-Rukomo Road Project , Kuwait Fund For Arab Economic Development

    KUWAIT, 2015/12/15 A Loan Agreement was signed today in Kigali between the Republic of Rwanda and Kuwait Fund for Arab Economic Development whereby the Fund will extend a loan of Kuwaiti Dinars Four Million and Five Hundred Thousand Kuwaiti Dinars (K.D. 4,500,000/-), approximately 15.3 million US Dollars, to help finance the Nyagatare-Rukomo Road Project. The Loan Agreement was signed on behalf of the Republic of Rwanda by H.E. Mr. Claver Gatete - Minister of Finance and Economic Planning and on behalf of the Fund by Mr. Hesham Al-Waqayan, Deputy Director-General of the Kuwait Fund for Arab Economic Development in attendance of Mr. Abdul-Rahman Al-Hashim, Regional Manager for Central, East and South African nations. The aim of the Project is to enhance the economic and social development of the Northern and Eastern Provinces of Rwanda, and at the same time to participate in linking Rwanda with the Republic of Uganda and the Democratic Republic of the Congo.

  • Tel Aviv's first light-rail metro 'After 60 years of promises'

    MIDDLE EAST, 2015/08/05
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