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Armacell ground-breaks new Bahrain plant
24 MAY 2017 BAHRAIN: Insulation company Armacell has formally begun construction of a new manufacturing facility in Bahrain with a groundbreaking at the Bahrain International Investment Park (BIIP). Due to start production in 2018, the factory will manufacture a comprehensive range of products, .../images/up/News/20175318552172955.jpg
The Middle Eastern VRF market scale was 24,800 units in 2016, an increase of 11.0% compared with 2015. Almost all VRF systems in the region are imported from overseas. The VRF market in the Middle East features a large number of large-scale projects, with some orders of up to 1,000 units. These l.../images/up/News/20175281218469563.jpg
The Big 5 Construct Egypt to debut in 2018
May 24, 2017 Professionals, decision-makers and exhibitors from the global construction sector will converge in Cairo to explore business opportunities within the country’s rapidly growing market at the launch show of The Big 5 Construct Egypt in 2018. With the total value of projects in the ent.../images/up/News/201752711191222035.jpg
Vision 2030: Identifying New Opportunities
May 23, 2017 When you hold 18 percent of the world’s proven oil reserves - that’s more than 260 billion barrels, according to OPEC - and with oil and gas accounting for approximately 50 percent of your GDP, you might assume you can sit back and let your energy sector do its thing for many decades t.../images/up/News/20175269281251253.jpg
Sheffield energy experts design cool solution for Qatar 2022
22 May 2017 A system to keep football fans and players cool at the Qatar 2022 FIFA World Cup, which was co-designed by engineers from the University of Sheffield, has been officially unveiled at the newly renovated Khalifa stadium. Although the competition has been moved from the summer to Novem...
Qatar to record 12.1% growth rate up to 2021
May 21, 2017 Qatar will be among the fastest-growing construction markets globally over the next 5 years up to 2021, recording double-digit growth as the government work to tackle its “significant” infrastructure needs, a new report has shown. The country’s construction market with a projected 1.../images/up/News/201752313161122337.jpg
Construction margins affected due to low oil prices
May 17, 2017 This year’s annual International Construction Market Survey (ICMS), by property consultancy firm Turner Townsend, has reported that the construction sector in the Middle East was affected by high operations’ risks and a wave of an economic slowdown, which hit the region following the s.../images/up/News/2017519951758182.jpg
Korea plans $20 billion city project in Saudi
May 17, 2017 A Daewoo EC consortium has made a proposal for a $20 billion city project in Riyadh. The Saudi government and the consortium comprising Daewoo EC, Hanwha EC and Saudi Pan Kingdom Company (SAPAC) aims to build Dahyat Alfursan New City 12KM east of the Riyadh airport, according to a n.../images/up/News/20175199492140905.jpg
$85.6 billion new building contracts expected in the GCC
May 17, 2017 The overall value of new building contracts awarded in the GCC in 2017 is expected to reach $85.6 billion, according to a new report. This GCC Building Construction Market Report, which was created by Ventures Onsite on behalf of The Big 5 Heavy, states that UAE tops the regional ra.../images/up/News/2017519948994804.jpg
SkyCargo adds SkyCell and Va-Q-tec
May 16, 2017 Dubai, UEA: Emirates SkyCargo has container-rental service agreements with SkyCell and Va-Q-tec, adding to the range of cool-chain container options available to its pharma customers. SkyCell’s temperature-controlled containers are designed to maintain products for several days at +...
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