Big local interest in building Trans-Kalahari railway Half of the companies and groups expressing interest in developing the Trans-Kalahari Railway between Botswana and Namibia as a public-private partnership are Namibian, according to the Trans-Kalahari Railway Project Management Office (TKR-PMO). They are: HELO Group - Building a Universe, West Coast Energy, Mega North Holdings, Fullbright Investments, Grindrod and the Trans-Kalahari Railway Initiative Consortium (a collaboration between Namibia and South Africa). The railway will run for about 1 500km from the coalfields at Mmamabula in Botswana to the port of Walvis Bay in Namibia. One Chinese company has expressed interest, namely China Civil Engineering Construction Corporation. The other companies on the list of 12 are: NGE Contracting (France), Orascom Construction PLC (Egypt), Lesedi Nehawu Investment JV (South Africa), Rail Vikas Nigam Limited (India), as well as Nations Capital Projects / SevenFive Investments CC (South Africa). According to the timeline published by TKR-PMO, the prequalification stage will now run from December to February. The request for proposals will be issued in March. The development phase is expected to begin in January 2025.
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Turkish contractors are set to play a significant role in Saudi Arabia's "Vision 2030" project, according to Erdal Eren, the president of the Turkish Contractors Association (TMB). This development is expected to generate an annual investment of $10 billion for the Turkish construction industry. Turkish contractors are renowned for their cost-effective international-standard services, extensive market experience, proactive approach, risk-taking ability, and extensive collaboration experience. They have completed 402 projects worth $27.8 billion in Saudi Arabia, making it the sixth country where Turkish companies have undertaken the most projects among foreign contracting services. In 2023 alone, Turkish companies have undertaken 16 projects worth $2.7 billion in Saudi Arabia. As part of the Saudi 2030 vision and Giga projects program, Turkish companies are planning to send a delegation to the country this year to participate in the Neom, Diriyah Gate, Qiddiya, Red Sea Global, and Al'Ula projects and other energy, water, housing, and infrastructure projects. According to studies released by relevant organizations, infrastructure and superstructure projects worth $1.4 trillion are planned to be developed in Saudi Arabia over the next 15 years. The Middle East and North Africa region is expected to implement projects worth $3.9 trillion in the coming period.
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little time left to complete the utilities connection works for an area of 30 acres to increase investment opportunities in ismailia free zone #investinegypt #engineering #projectmanagement
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Top construction trends in Saudi Arabia, find out more by following SCAVO سكافو the construction intelligence and tracking platform revolutionizing the Kingdom and how construction projects are tracked.
TOP CONSTRUCTION TRENDS: Saudi’s Vision 2030 ambitious program seeks to completely change the nation's economy over the following years. The construction sector plays a central role in reshaping the country’s infrastructure, urban landscape, and economic foundation. This tremendous growth will be fueled by investment in projects related to transportation, renewable energy, housing, and tourism. SCAVO is a powerful partnership between Saudi Contractors Authority and Ventures Onsite, the region's leading construction projects tracking platform. Find out more about SCAVO https://lnkd.in/divzQpEe
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A consortium of Saudi Archirodon Group N.V. and DEME Group has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest #saudiarabia Based in Oxagon, Port of Neom is strategically located along the coast of the #redsea and is adjacent to the nearby #suezcanal through which 13% of global trade passes. The port will be a critical enabler to the overall build, operations and economic ambitions of NEOM, facilitating the import of goods and materials during the development phase and as a new global port serving the region. The project will commence in December 2023. DEME will work in a consortium with leading international marine construction group Archirodon to deliver on the contract to form the basin that will enable the world’s largest ships to call at Port of NEOM. All materials recovered as part of the channel development will be used to support the wider development of Oxagon. Christopher Iwens, Managing Director Dredging at DEME: “We are proud to be awarded this important project which focuses on building a next generation sustainable port in the Kingdom of Saudi Arabia. This contract underscores our technical and engineering expertise which, alongside the capabilities of our partners at Archirodon, were undoubtedly key factors in DEME securing this landmark contract.” #hydrogen #hidrogeno #greenhydrogen #energy #energia #energie #energytransition #transicionenergetica #energialimpia #hidrogenoverde #cleanenergy #industria #UNIDO #decarbonization #emissionsreduction #descarbonizacion #valuechain #hydrogenstrategy #suezcanal #sczone #electrolysis #electrolyzer #greenhydrogen #electrolyser #pem #soec #ev #electrification #electricvehicles #fcev #bev #jadeed #jadeedct #soe #aem #cathode #anode #h2 #oxygen #greenelectricity #water #energy #renewableenergy #renewablehydrogen #greenhydrogen #idrogenoverde #hydrogènevert #hydrogenenergy #hydrogenstrategy #development #hidrogenioverde #hidrogenoverde #hidrógeno #hidrogenio #wasserstoffwirtschaft #wasserstoff #wasserstoff #onshorewind #solarenergy #hydroenergy #ifc #afc #H2Med #irena #neom #oxagon #greenhydrogen #renewablehydrogen #h2lligence #h2intelligence #renewableenergy #canaldesuez #sokhna #hydrogenintelligence #hydrogènevert #hydrogène #windenergie #hydrogenenergy #ksa #hydrogenfuel #hidrogenoverde #hidrógeno #hidrogenioverde #idrogenoverde #idrogeno #hidrojen #windpower #windenergy #menaregion #hydrogenfuelcell #giz #hydrogeneurope #northafrica #uae #ifc #iea #ebrd #eib #europe #cop28 #cop28uae #waterstof #greenfuel #greenammonia #ebrd #greenmethanol #irena #deme #fluxys #antwerp #hyport #saf #desalination #seawater #directelectrolysis #seawaterelectrolysis Osama Fawzy Georgy HENEIN, MBA
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Strong Spillover from Mega Infrastructure Projects in Q2 The outlook for Malaysia's construction sector in Q2 2024 is highly positive, driven by the rollout of numerous mega infrastructure projects. Here are the key takeaways: • Government spending boost: Budget 2024 allocated RM90 billion for development expenditure, with projects like the Penang LRT, MRT3, and flood mitigation initiatives expected to generate significant contract flows. • Positive industry sentiment: Research firms and construction players are bullish on the sector's growth potential, citing rising construction index and healthy contract wins by leading companies like Gamuda and IJM Corp. • Focus areas: Public transportation projects like the LRT expansions and MRT3 are high priorities. Additionally, flood mitigation and renewable energy initiatives are gaining traction. • Challenges remain: Rising material costs and the need for fairer contract structures are concerns highlighted by MBAM. Companies need to adapt to changing conditions and embrace digitalization. Overall, the construction sector in Malaysia is poised for a strong Q2 2024 with significant spillover effects from government infrastructure spending. This positive momentum is expected to translate into improved company earnings and continued growth throughout the year.
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Unlock your Portfolios' & Projects' Potential with ProjAuto #project #portfoliomanagement #projectmanagement #projectportfoliomanagement #construction #constructionindustry #constructionprojectmanagement #heavymachinery #Singapore #UAE #KSA #India #Indonesia #Malaysia #Vietnam #oilandgas #heavymachinery #infrastructure #Governments
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Rm 10bil for Penang LRT in 2024 is not really realistic anymore. The budget derived 10years+ ago, considering 3% inflation annually, the total project might cost around 15-20bil. Unless they come up with new proposal (less stations/no. of trains/ length/ land acquisition). Just my 2 cents.
Strong Spillover from Mega Infrastructure Projects in Q2 The outlook for Malaysia's construction sector in Q2 2024 is highly positive, driven by the rollout of numerous mega infrastructure projects. Here are the key takeaways: • Government spending boost: Budget 2024 allocated RM90 billion for development expenditure, with projects like the Penang LRT, MRT3, and flood mitigation initiatives expected to generate significant contract flows. • Positive industry sentiment: Research firms and construction players are bullish on the sector's growth potential, citing rising construction index and healthy contract wins by leading companies like Gamuda and IJM Corp. • Focus areas: Public transportation projects like the LRT expansions and MRT3 are high priorities. Additionally, flood mitigation and renewable energy initiatives are gaining traction. • Challenges remain: Rising material costs and the need for fairer contract structures are concerns highlighted by MBAM. Companies need to adapt to changing conditions and embrace digitalization. Overall, the construction sector in Malaysia is poised for a strong Q2 2024 with significant spillover effects from government infrastructure spending. This positive momentum is expected to translate into improved company earnings and continued growth throughout the year.
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Kuwait's construction sector to expand by 6.6% in 2024 https://lnkd.in/dBPrnAcn GlobalData report says the economy is supported by investment in in the energy sector
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With Saudi Arabia planning to position itself as a major supply chain hub for international companies, it becomes even more crucial to improve its logistics efficiency that will further help in achieving the economic diversification goals outlined in Vision 2030. In this interview with Arab News, Campbell Gray, CEO of AtkinsRéalis in the Middle East and Africa, sheds light on the role of the construction industry in creating a more sustainable supply and meeting the national net-zero targets. This also means decarbonizing existing core sectors, such as buildings, water and transport, a process that requires enhanced data analytics that allow us to run existing infrastructure as efficiently as possible. Read the full interview here: https://lnkd.in/dgU2vXqZ #EngineeringABetterFuture #AtkinsRéalis #SaudiVision2030
Continuous innovation is pushing boundaries of project developments
arabnews.com
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Gulf Contractors Awarded Wastewater Management Project in Abu Dhabi #Infrastructure #Construction #Engineering #Contractaward #Sustainability #Taqa Water Solutions, a leader in sustainable water solutions, has announced a groundbreaking AED150 million ($41 million) transformative #Wastewater management project that is set to redefine infrastructure standards in the Al Bahia and Al Sadr regions of the #UAE capital. The project has been awarded to Gulf Contractors Company, in a move that reinforces Taqa’s commitment to supporting AbuDhabi’s urban development strategies and socio-economic growth. Taqa Water Solutions is set to deliver cutting-edge, solutions that prioritise environmental responsibility and improve the quality of life in the thriving and growing communities of Al Bahia, Al Sader, Al Shaleila and Taweelah. The project, which was announced during the World Utilities Congress, will see the development of a 9.5 km deep gravity-driven line along with the decommissioning of a number of pumping stations, as a result, minimising energy consumption and reducing carbon emissions in line with the UAE's sustainability goals, stated the developer. This asset enhancement scheme will significantly increase overall hydraulic capacity to 120,000 cu m/day, effectively serving the needs of the rapidly developing areas in Al Bahia and surrounding areas such as Al Sader, Al Shaliela and Taweelah. Managing Director and CEO Engineer Ahmed Al Shamsi said: "This project embodies Taqa's proactive approach to ensuring the long-term water security of #AbuDhabi, while embracing the principles of a circular economy." "By investing in large-scale modern and efficient wastewater infrastructure, we are not only meeting the needs of our growing communities but also transforming wastewater from a byproduct into a valuable and sustainable resource, which aligns with our commitment to responsible resource management to to safeguard water security for future generations," noted Al Shamsi. Engineer Hatem Hassan Shahin, General Manager of Gulf Contractors Company, said: "This project aligns with our engineering excellence and environmental responsibility plans. Gulf Contractors is proud to partner with Taqa Water Solutions on this landmark project that showcases sustainable infrastructure development. To Subscribe our services please contat us at care@tendersmine.com or call us at +91-9930363911 (Company those looking for #MarketAnalysis in #Africa / #MiddleEast/ #Asia Region to Support there Planning for: Forecast market trends and identify right opportunities, Project updates, upcoming projects, ongoing projects and associated companies Access to project pipelines and projections with stage, sector and country wise break downs)
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If Botswana wants to build their rain across our country and still use our port for their shipment business. They must first apologize for the lives of Namibian they shit down at impalila island just because they were fishing in shared water resources. . And strictly warn the Botswana defence force to stop gunning down Namibian at that island as they are shooting animals.. we are not stupid to be taken for granted... That matter must be resolved amicably first.