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#BNCPollResult: Our recent poll revealed 52% voting for Saudi Arabia for the highest value project announcement in January 2024 and infact in January 2024, by the unveiling of the monumental USD 5 billion Aquellum - Gulf of Aqaba project in the NEOM Economic Zone, Saudi Arabia had the largest project announced. https://lnkd.in/dY3wbsEP Click through to learn more about the top projects in GCC. Follow us to stay up-to-date on the latest industry trends and projects. #BNCNetwork #BNCProjectIntelligence #MarketIntelligence #BNC_Cloud #urbandevelopment

Project Highlights: Al Qiddiya Entertainment City Infrastructure Development Qiddiya Investment Company (QIC) has signed a groundbreaking contract worth USD 610.57 million (SAR 2.2 billion) with a joint venture between Saudi Real Estate Infrastructure Company (BINYAH) and InfraRoad Trading & Contracting LLC Contracting LLC. This project includes: 1️⃣ Infrastructure Development: Creating primary and secondary roads, utility networks, bridges, and pedestrian walkways. 2️⃣ Essential Facilities: Designing, constructing, and commissioning vital facilities like sewage treatment plants, water storage tanks, pump stations, and a solid waste transfer hub. 3️⃣ Ambitious Timeline: A commitment to delivering this ambitious project in just 22 months. This venture is a significant part of Al Qiddiya | القدية Entertainment City, set to host Qiddiya's theme parks, including the highly anticipated Six Flags Qiddiya. Beyond entertainment, it's a strategic move to boost the Kingdom's economy and GDP growth. As we witness this transformation, Al Qiddiya Entertainment City is on its way to becoming a premier destination, offering world-class infrastructure and facilities. https://lnkd.in/dC3C4JKf Stay tuned with BNC Network for more industry updates! #Construction #Infrastructure #Qiddiya #SaudiArabia #Development #BNCNetwork #KSArising

#BNCUpdate: Neom Airport Prequalification: Deadline Extended! Neom Corporation calling all contractors! They are inviting prequalification bids for the groundbreaking Neom International Airport in Tabuk, Saudi Arabia. This new airport, part of the expansive 170-kilometer Line development within the Neom Economic Zone, is set to be a game-changer. Unlike the already operational Neom Bay Airport, this ambitious venture aims to redefine global aviation standards. Key features: 🛫 State-of-the-Art Passenger Terminal: Designed to handle up to 100 million passengers annually in its final phase. 🌍 Global Connectivity: Positioned to become a major international transit hub. 📈 Scalable Growth: Initial phase targets 25 million passengers, expanding capacity in subsequent phases. 🏗️ Comprehensive Development: Includes master planning, design, construction, testing, commissioning, and operational readiness. 🌱 Sustainability Focus: Emphasizes eco-friendly design and sustainable construction practices. https://lnkd.in/dCvt7Bvc 🔗 To learn more about the contractors bidding for these developments, click the link! 🌐 Register for free to get exclusive updates on this initiative. #NeomAirport #Aviation #Construction #Contractors #GlobalHub #Innovation #Infrastructure #SaudiArabia #ExtendedDeadline

#BNCUpdate: Top Consulting Firm Appointed to Oversee Major Metro Development in Egypt Egis Rail, in collaboration with National Authority for Tunnels (NAT) and Engineering Consultants Group (ECG), secured a contract to provide Project Implementation Unit (PIU) Support, Contract Management, and Construction Supervision Consulting services for the Alexandria Metro. Key Features: ☑️ Seamless Connectivity: Integration with existing railway and tram lines to provide a comprehensive transportation network. ☑️ Capacity and Efficiency: Designed to handle 10,000 to 15,000 passengers per hour and aims to significantly reduce traffic congestion in Alexandria. ☑️ Environmental Sustainability: Transition from diesel to electric power and reduction in emissions contributing to cleaner air and a healthier environment. ☑️ Scalability: Designed to meet future demand and accommodate potential expansions. https://lnkd.in/ekTcUgs9 🔗 To know more about the consultant shaping this opulent vision, click the link! 🌐 Register for free to get exclusive updates on this project #AlexandriaMetro #Egis #UrbanMobility #Egypt #BNCNetwork #ProjectIntelligence

Oman Project Announcements Surge 56% Year-on-Year In Q1 2024, Oman announced a staggering USD 6.9 billion in new projects, marking a 56% increase from the previous year! Leading the charge are urban development projects, accounting for 59.4% of the total investment, followed by utilities at 24.6%. This strategic allocation underscores Oman's dedication to enhancing urban infrastructure and essential services, setting the stage for positive economic growth and development. Oman's Vision 2040, launched in July 2021, aims to diversify the economy beyond oil. With USD 53 billion in urban projects, including the massive Sultan Haitham City project near Muscat, and iconic initiatives like the USD 2.4 billion Omani Mountain Destination and USD 1 billion Yiti Sustainable Development, Oman is attracting long-term investors and international tourists, reshaping the nation’s future. Find out the key projects that contribute to this surge in Oman with a free registration on BNC. https://lnkd.in/dYjW9PTD #BNCNetwork #BNCProjectIntelligence #OmanGigaProjects #OmanProjects #OmanVision2040 #MarketIntelligence

KSA Project Announcements Surge 52% Year-on-Year Join us at Saudi Projects Show - Stand #S20-1 from June 2-5, 2024, at the Riyadh Front Exhibitions and Convention Centre for a live demo of the thriving Saudi Projects market, where project announcements surpassed USD 25 billion. The urban sector notably drove this growth, boosting the KSA Master Index. The BNC Project Index shows strong YoY growth, with the energy index up 25% and the urban index up 24%. Over USD 153 billion in energy projects are in the tender phase across the GCC, led by Saudi Arabia at 40%. Additionally, USD 44.4 billion in live urban tenders are ongoing, with Saudi Arabia leading at 50%. Meet Lynn Peter and Tarek Elwakil for these valuable insights. https://lnkd.in/dwMQPS5n #BNCNetwork #BNCProjectIntelligence #SaudiGigaProjects #SaudiProjects #SaudiGiga

#BNCUpdate: Oman's Collaborative Step: Propelling Water Infrastructure Growth In a significant stride to bolster Oman's water infrastructure, Nama Power and Water Company collaborated to launch the Ghubrah III Independent Water Plant (IWP). This initiative marks a crucial advancement in addressing the nation's rising water needs. Key Features: 💧Produces 300,000 cubic meters of water daily.  🏗️Spans 70,000 square meters with cutting-edge technology.  🛢️Includes a tank storing 45,000 cubic meters per day.  ⏱️Operations set to begin in Q1 2027. https://lnkd.in/d6K9_BD3 🌐 Sign up for free to receive exclusive updates on this initiative. 🔔 Stay in the loop by signing up for project updates. #WaterInfrastructure #Oman #GhubrahIII #NamaPower #Collaboration #WaterSecurity #Sustainability #Desalination #BNCNetworks #ProjectIntelligence

𝗡𝗘𝗢𝗠 𝗧𝘂𝗻𝗻𝗲𝗹 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗛𝗶𝘁𝘀 𝟮𝟱% 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗼𝗻 𝗯𝘆 𝗙𝗖𝗖 𝗖𝗼𝗻𝘀𝗼𝗿𝘁𝗶𝘂𝗺 In an impressive display of engineering prowess and international collaboration, the #FCC Consortium has announced a key milestone in the construction of a significant tunnel within Saudi Arabia's futuristic #NEOM project. The consortium, which includes FCC Construcción, #China State Construction Engineering Corporation, and Shibh Al Jazira Contracting Company, reports that 25% of the 8.7-km #tunnel has been completed. This tunnel forms a critical part of 'The #Spine'—an #infrastructure corridor designed to support high-speed and freight rail services that connect different sectors of NEOM, including the innovative regions of #TheLine and the #Oxagon area. This phase of #construction showcases not only the scale of the project but also the complexity involved in creating one of the world's largest transportation and utility infrastructures. With a workforce of 3,655 people from 39 different nationalities, and drilling at a rate of 1.2 km per month, the project exemplifies global cooperation and dedication. The tunnel project is significant for the region, promising enhanced connectivity and pioneering the use of sustainable materials. Excavated rock is being repurposed for use within the concrete lining of the tunnels, highlighting the project’s commitment to environmental sustainability. The completion of this tunnel is not just a milestone for the consortium but a leap forward in the development of NEOM, envisioned as a zero-carbon city with seamless transport solutions. This progress is a clear indicator of the project's adherence to schedule and its future impact on the infrastructure and logistics landscape of the kingdom. As a business observer, these developments are noteworthy, as they signal both the progress and the potential for future opportunities in this visionary endeavor.

𝗡𝗘𝗢𝗠 𝗧𝘂𝗻𝗻𝗲𝗹 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗛𝗶𝘁𝘀 𝟮𝟱% 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗼𝗻 𝗯𝘆 𝗙𝗖𝗖 𝗖𝗼𝗻𝘀𝗼𝗿𝘁𝗶𝘂𝗺 In an impressive display of engineering prowess and international collaboration, the #FCC Consortium has announced a key milestone in the construction of a significant tunnel within Saudi Arabia's futuristic #NEOM project. The consortium, which includes FCC Construcción, #China State Construction Engineering Corporation, and Shibh Al Jazira Contracting Company, reports that 25% of the 8.7-km #tunnel has been completed. This tunnel forms a critical part of 'The #Spine'—an #infrastructure corridor designed to support high-speed and freight rail services that connect different sectors of NEOM, including the innovative regions of #TheLine and the #Oxagon area. This phase of #construction showcases not only the scale of the project but also the complexity involved in creating one of the world's largest transportation and utility infrastructures. With a workforce of 3,655 people from 39 different nationalities, and drilling at a rate of 1.2 km per month, the project exemplifies global cooperation and dedication. The tunnel project is significant for the region, promising enhanced connectivity and pioneering the use of sustainable materials. Excavated rock is being repurposed for use within the concrete lining of the tunnels, highlighting the project’s commitment to environmental sustainability. The completion of this tunnel is not just a milestone for the consortium but a leap forward in the development of NEOM, envisioned as a zero-carbon city with seamless transport solutions. This progress is a clear indicator of the project's adherence to schedule and its future impact on the infrastructure and logistics landscape of the kingdom. As a business observer, these developments are noteworthy, as they signal both the progress and the potential for future opportunities in this visionary endeavor.

Saudi Arabia’s construction projects market is projecting a dynamic growth trajectory, fuelled by progress on the kingdom’s gigaprojects. With seven years to go until the 2030 finishing line, Saudi Arabia’s Vision 2030 gigaprojects are entering their main construction and delivery phases. The changes underway in the Saudi construction sector are truly seismic, and all the available assets in the sector and more will need to come together to realise the country’s colossal 2030 project ambitions. Latest analysis by MEED's Yasir Iqbal can be accessed here: https://lnkd.in/d6VazHbT Data shows heightened project award activity continuing in the first half of 2023, with $10.3bn in construction contracts awarded, a considerable leap from the $6.2bn awarded in the first half of 2022. #construction #gigaprojects #saudiarabia #vision2030 #projectsmarket