Middle East
Miral awards new contract for $3.27 billion Yas Bay project
May 31, 2017 Developer of the project, Miral, announced that under the terms of the 4-year contract, Faithful+Gould will work on Phase 1 of the two-phase project, which is located in the south of Yas...
Market focus: Powering Qatar
May 29, 2017 The nation needs $9 billion investment in its power sector from 2016 to 2020, according to the ’GCC Power Market’ report by Ventures Onsite. Qatar’s current capacity is 8.8 GW and demand...
Gree Shows Powerful Strength in Saudi Elenex/Aircon 2017
24 MAY 2017 On May 16th, Saudi Elenex/Aircon 2017 ended successfully in Riyadh International Convention & Exhibition Center. Gree, as a leading enterprise in HVAC&R industry, undoubtedly becam...
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). ...
2. 9 MIDDLE EAST
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 Mid...
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 t...
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 you...
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 November and December, the average temperature during this time ranges between 25 - 29°C. Dr Be...
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” in...
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 af...
