Top Construction News

Nathalie Criniere To Design Louvre Abu Dhabi

Agence France-Museums, in partnership with Abu Dhabi's Tourism Development & Investment Company announced that the firm of Nathalie Criniere has been selected to create the exhibition design for the Louvre Abu Dhabi, one of the five major institutions being planned for Abu Dhabi's Saadiyat Island Cultural District. Press Release - 07Jan 12:37GMT
Abu Dhabi Polymers Park breaks ground on first industrial plot

Abu Dhabi Polymers Park announced that construction is underway and on schedule for its first industrial plot in Mussafah ICADIII. Press Release - 07Jan 09:25GMT
US Ban On Beirut Building Project

The US Treasury department banned any Americans from taking part in a construction project in Beirut, accusing Hizbollah of using the project to raise funds for terrorism. Financial Times - 07Jan 06:59GMT
Energy City Qatar awards QR40m contract to firm

Energy City Qatar awarded a QR40m contract to Qatar-based AMMICO for the construction of Phase I of its headquarters at the currently being developed Lusail project. The Peninsula - 07Jan 06:34GMT
QR500m project management firm launched in Qatar

Qatar Project Management Company (QPM), a new Qatari company specialising in world-class real estate and infrastructure project management services, announced the launch of its operations yesterday. The Peninsula - 07Jan 06:21GMT
WCT And Arabtec Say Projects Not Affected

WCT Engineering Berhad and Arabtec have said their other ongoing projects in the region will not be affected following the cancellation of the Dh4.6 billion Meydan racecourse project at Nad Al Sheba. Emirates Business 24/7 - 07Jan 06:06GMT
Alfanar Construction awarded SR 444M for Makkah West substation

alfanar Construction, an integral part of alfanar Group, signs a new 380kV substation contract worth SR 444 million for Makkah West substation with Saudi Electricity Company (SEC). Press Release - 06Jan 13:41GMT
Emaar EC Awards SAR 120M Contract to Construct Education Centre in KAEC

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has awarded Freyssinet Saudi Arabia a SAR 120M contract for the construction of the mega-project's first school - within the Esmeralda District in KAEC. Press Release - 06Jan 11:53GMT
News about Meydan canceling deal with Arabtec and WCT

(Arabic) Meydan has canceled the $1.3 billion racecourse construction deal with Arabtec and WCT; Arabtec confirms it's waiting for clarification. Al-Arabiya - 06Jan 10:18GMT
UAE: Meydan Cancels $1.3b Racecourse Deal

Dubai's Meydan LLC said on Monday it cancelled a racecourse construction deal with Malaysian construction firm WCT Engineering Bhd and the local firm Arabtec. Khaleej Times - 06Jan 09:02GMT

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Companies

Shifting Targets

Target Engineering Construction Company shifted its focus from civil contracting by expanding its electromechanical and marine contracting activities to generate 58% of its 2006 revenues. Arabtec later acquired 60% of the company in 2007 to assimilate Target’s Oil and Gas and Power market share.

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Video

Meydan Cancels Deal With Arabtec And WCT

Arabic language (0:51)
Meydan has canceled the $1.3 billion racecourse construction deal with Arabtec and WCT - 06Jan

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Community Buzz

Stories in Construction

Most read stories by Community in the last 24 hrs

1	Construction Deals In UAE Plunge 85 Percent
2	World's Longest Causeway To Link Bahrain & Qatar
3	Al Noor Holding Plans Two Cities Worth $1 Trn
4	UAE: Meydan Cancels $1.3b Racecourse Deal
5	Infrastructure, Housing To Boost UAE Steel Demand
6	Surge in production capacity may depress saudi cement prices
7	Emaar EC Awards SAR 120M Contract to Construct Education Centre in KAEC
8	Al Madina A'Zarqa announces tie up with Anantara Hotels & Resorts
9	DIP Launches 'Sunset' Mixed Development Project
10	UAE: Heavy equipment lease rates fall

Companies in Construction

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Zuhair Fayez Partnership	Saudi Arabia	Construction and Design
Parsons International	Region-wide	Construction and Design
ALCAT Contracting Company	Qatar	Construction and Design
Dodsal Engineering and Construction	UAE	Construction and Design
Fluor Mideast	Region-wide	Construction and Design
Arabtec Holding	UAE	Investment Companies - Construction
Al Ahmadiah Aktor	UAE	Construction and Design
Al Ashram Contracting Company	UAE	Construction and Design
Consolidated Contractors Company	Overseas	Construction and Design
Saudi Binladin Group	Saudi Arabia	Construction and Design

Projects in Construction

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
Abu Dhabi Municipality - Salam Street and Mina Road Development	UAE	Infrastructure
Khalifa Port and Industrial Zone (KPIZ)	UAE	Infrastructure
Abu Dhabi Metro Rail	UAE	Infrastructure
Duqm Port - Marine Works	Oman	Infrastructure
Dubai RTA - Dubai Metro	UAE	Infrastructure
Industrial City of Abu Dhabi III (ICAD 3) - Infrastructure Facilities Package	UAE	Infrastructure
Qatar - Bahrain Causeway	Region-wide	Infrastructure
Abu Dhabi Airport Expansion - Midfield Passenger Terminal	UAE	Infrastructure
Abu Dhabi DOT - Mafraq - Ghweifat Road Upgarde	UAE	Infrastructure

Blogs

Most read blogs by Community in the last 24 hrs

1	Job Losses Become Part of Life
2	The Wings of the Ant ( the future of investment firms in the GCC )
3	Hot Properties Cool Off-Damac & Other Developers
4	Wow! This Recession is Staggering
5	The Myth of Islamic Finance

Zawya Network

272 members in Construction

UAE
Steel prices plunge 35% in November: DPE report
Steel prices in Abu Dhabi plunged by up to 35 per cent in November to maintain a steady decline for the fourth straight month after surging by at least 90 per cent in the first half of this year, an official report showed yesterday.

Economy & Politics
Bearing The Brunt
The global financial crisis threatens to unravel progress made in labour reforms as the credit crunch hits the real estate and construction industry in the Gulf.

Kuwait
Fuel To Build
Kuwait accounts for about 10% of the world's oil reserves and has benefited from recent high oil prices, as well as political stability and economic growth. Yet the country plans to diversify its economy away from the oil sector to include infrastructure, tourism and construction.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Orascom Construction Industries	Egypt	5,592
2	Holcim Liban	Lebanon	3,731
3	Lafarge Ciments	Morocco	2,597
4	Southern Province Cement Company	Saudi Arabia	1,829
5	Saudi Cement Company	Saudi Arabia	1,713
» View Full List

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Companies in Construction (982)

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