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…
Tag: GCC
AWCS told construction contracts worth $60bn already awarded in the GCC so far in 2014
MEED Insight head Ed James told the annual Arabian World Construction Summit (AWCS) in Dubai this morning that the value of new contract awards in the GCC so far this year had already reached $60bn. The largest market for new…
AWCS told that GCC projects awards could rise by 20 per cent to $178bn in 2014
MEED Insight head Ed James told the annual Arabian World Construction Summit in Dubai this morning that the value of new contract awards in the GCC could rise by 20 per cent to $178bn, a new record for the region’s…
AWCS chairman calls for GCC collaboration in delivering $1tn of megaprojects
The GCC should act now to develop a regional megaproject information and excellence centre to support more than 100 megaprojects with an aggregate value of almost $1n that are due to be delivered in the region by 2025, Arabian World…
Saudi Arabia and UAE start railway co-operation
Saudi Arabia’s SAR and Etihad Rail of the UAE announced today they will start detailed collaboration. A memorandum of understanding signed by the two companies calls for the adoption of common solutions and the sharing of best practice. Committees including representatives from both companies will…
IMF forecasts GCC budget surpluses to disappear by 2019
The budget surpluses enjoyed by GCC states for more than a decade will be eliminated by 2019, a report in IMF Survey published today shows. The IMF forecasts that Bahrain and Oman will record fiscal deficits this year, which makes them increasingly…