The annual MEED Arabian World Construction Summit (AWCS) in Dubai today was told that the deadline for the completion of the 124-kilometre Makkah Metro is to be reduced to 10 years rather than by 2029 as originally planned. “The clock…
Day: May 13, 2014
AWCS told ENR plans $11bn 10-year investment programme
The annual Arabian World Construction Summit (AWCS) in Dubai today was told that the Egyptian National Railway (ENR) plans to invest 77bn Egyptian pounds ($11bn) in upgrading its network and operations in the ten years ending July 2023. The investment…
AWCS told Dubai faces TSE shortages this summer
Soaring demand for treated sewage effluent (TSE) produced by Dubai Municipality could lead to shortages this summer when demand from district cooling units and agriculture peaks, the annual MEED Arabian World Construction Summit (AWCS) was told this afternoon. Dubai municipality…
S&P forecasts Qatar bank lending to continue to grow at 10-15 per cent annually
Standard & Poor’s (S&P) Ratings Services said today that it believes that the annual rate of growth in lending by Qatar’s banks will continue to be about 10-15 per cent. “Qatari banks’ profitability will likely remain strong over the next…
AWCS told that GCC needs a new approach to delivering megaprojects
The annual MEED Arabian World Construction Summit (AWCS) was told today that the GCC needs to develop a new approach to delivering megaprojects and establish institutions that can capture information about them. “Building roads is demanding but not complex,” said co-founder…
AWCS told Egypt seeking to press on with PPP projects
The annual MEED Arabian World Construction Summit (AWCS) in Dubai was told today that Egypt is pressing on with plans for major public-private partnerships (PPPs) and there is evidence that donor and commercial financial support will be available for them.…
AWCS told Kuwait must create new towns outside the metropolitan area
Kuwait has no option but to create new towns outside the existing 810-square kilometre metropolitan area where more than 90 per cent of Kuwait’s present population of 4m now lives, the annual Arabian World Construction Summit (AWCS) in Dubai was…
Bapco wins MEED Quality Award for Projects 2014 supreme prize
Bapco, the Bahrain-based oil refining company, was last night named as the 2014 winner of the annual MEED Quality Award for Projects in the GCC. The company won for its $125m wastewater treatment plant. “This project involves building on a…