Regional News

King Faisal Corniche Development Company plans to launch the second phase of The Avenues – Bahrain, the kingdom’s first waterfront shopping mall. The announcement comes as the Bahrain-based developer nears completion on the first phase of the premier shopping and leisure destination, which has a 1.5-km waterfront.

Alfanar Energy, a major player in the power and water sector in the region, recently signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 50-MW photovoltaic (PV) power plant under the feed-in-tariffs programme in Egypt.

Qatar launched the first 2022 Fifa World Cup stadium last month (May) at an event attended by more than 40,000 people in Doha. The Emir Sheikh Tamim bin Hamad Al Thani officially cut the ribbon at the new Khalifa International Stadium.

Turkey-based construction company Limak Insaat has started main construction works on Kuwait International Airport’s new KD1.31-billion ($4.3 billion) passenger terminal with the first concrete pour for its foundations.

It’s boom time for the GCC construction market with the value of new building contracts poised to hit $85.6 billion in 2017, up seven per cent over $79.5 billion last year, said a report. The UAE tops the regional ranking with an estimated $40.5 billion building contractor awards coming up this year, followed by Qatar ($16.

Work is progressing fast on the construction of the container terminal and other key infrastructures at the Port of Duqm in Oman and is expected to be completed by 2019, the Muscat Daily reported, citing a senior official.

Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has broken ground on its greenfield manufacturing plant in Bahrain.

Siemens said it has secured its biggest ever contract worth €790 million ($868 million) in Qatar from the state-owned utility Qatar General Water & Electricity Corporation (Kahramaa) for the expansion of the country’s power transmission network.

Damac Properties has launched Burj Damac Seaviews, a 31-storey luxury tower featuring furnished and serviced apartments and townhouses, in Qatar. Located in the prestigious Marina District of Lusail City, Burj Damac Seaviews represents an ideal investment destination nestled by the waters of the Arabian Gulf, said Damac.

Kuwait’s projects market started with a bang in 2017 with the government awarding contracts worth KD1.4-billion ($4.6 billion) contracts in the first quarter and another KD6.2 billion ($20 billion) worth of contracts likely by the year-end, a report said.

ODG lands duty free design work ODG, a leading consultancy and design agency based in the UAE, said it has won a major contract to design and project manage the entire duty free area at the New Muscat International Airport in Oman.

Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO300 million ($779 million) to Omani businesses for work on its operations in the north of the sultanate, a report said.

Hilton and King Faisal Corniche Development (KFCD) have partnered to launch a Hilton Hotels & Resorts property at The Avenues –Bahrain, a major shopping and leisure mall scheduled to open later this year.

Chile-based practice Elemental has been selected to design a massive art museum on a historic waterfront site at Doha Bay after it won the Art Mill International Design Competition conducted by Qatar Museums to find an outstanding team to design this cultural marvel.

The Chinese government is set to pump in around $40 billion into big development projects in Egypt as part of its ambitious One Belt One Road (OBOR) initiative, said a report. The investment will be made through the Silk Road Fund, considered the largest investment fund in China, the Daily News Egypt reported, citing a senior Chinese official.

Work has started on the Busaiteen Exit Extension linked to Shaikh Isa bin Salman Causeway in Bahrain in a bid to alleviate traffic congestion along 11 locations in North Muharraq area of the kingdom, said the Ministry of Works, Municipalities Affairs and Urban Planning.

Qatar’s public works authority Ashghal is set to open a 1.6-km stretch of new permanent road under its Al Wakra Bypass Project in the southern region of the country. The project comprises two flyovers and two lanes in each direction along Al Wukair Road, said Ashghal.