MEED's latest free-to-view market snapshot covers the Mena region's rail projects: https://lnkd.in/dS-aka4v The regional rail story is gathering momentum with project plans that aim to transform the region with $167bn-worth of planned #railway and metro projects. Key points: ➡️ Just under $35bn of work is out in the market in tender or prequalification, with more than $60bn in the design stage. ➡️ The pipeline of future rail and metro projects is diverse with #iraq, #kuwait, #bahrain and #oman all planning projects either for the first time or the first time in decades. However, the largest markets historically, #saudiarabia and #egypt, will dominate. ➡️ Oman-Etihad Rail Company has prequalified three sets of consortiums that can bid for the Oman-UAE rail link’s three main civil works packages. It has also issued the prequalification notice for the main #construction works. #mena #rail #metro #projects #neom #business #intelligence
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Saudi Arabia Eastern Region deputy governor Prince Saud Bin Bandar Bin Abdulaziz has witnessed the signing of a contract to implement the project to connect the Gulf electricity market with Iraq: https://lnkd.in/d8BrGAni #iraq #gcc #power #electricity #grid #connection
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Abu Dhabi-based real estate developer Aldar has signed a partnership agreement with Expo City Dubai to develop a mixed-use project within the masterplan, featuring residential, office and retail spaces across six buildings: https://lnkd.in/dK4CDa2E #aldar #realestate #construction #expocity #uae
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Saudi Arabia’s Neom has announced it will develop a ready-mix concrete plant at a cost of SR700m ($186m) to support the construction of The Line: https://lnkd.in/dVh26DdM #saudiarabia #neom #theline #construction #concrete
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China Tiesiju Civil Engineering Group has won a AED200m ($55m) contract to build the DG1 residential project in the Business Bay area of Dubai: https://lnkd.in/gVC5ZTJn #dubai #construction #realestate #contract
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The UAE’s Etihad Rail and Mubadala along with Oman’s Asyad Group have signed project financing agreements with banks for the Hafeet Rail project, which will connect the two countries: https://lnkd.in/dgvVFEg3 #uae #oman #rail #finance
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Morocco has awarded multiple civil works contracts to Chinese and local firms to build its Kenitra-Marrakech high-speed railway line: https://lnkd.in/d9pfJCXS #Morocco #highspeed #rail #civilworks #contracts #transport
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Riyadh intensifies the drive for investment; Saudi ambitions shift to meet market realities; More local firms debut in power developer ranking top 10; and much more in the latest issue of MEED Business Review: https://lnkd.in/d8YgXcaP #saudiarabia #fdi #investment #powerdevelopers #oil #gas #upstream #downstream #petrochemicals #power #water #construction #transport #energytransition #meed #middleeast #business #intelligence
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Saudi Aramco has officially awarded the main contract for engineering, procurement and construction works on the third expansion phase of its Jafurah unconventional gas development in Saudi Arabia: https://lnkd.in/dNb7b2v7 #aramco #epc #gas #saudiarabia
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Abu Dhabi Future Energy Company (Masdar) is expected to launch its third green bond issue around September next year, according to its chief financial officer, Mazin Khan: https://lnkd.in/d-c6V6gK #masdar #green #bond #finance
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Dubai has approved a new real estate strategy that seeks to increase the value of the emirate's real estate transactions to AED1tn ($272bn) by 2033: https://lnkd.in/dWjaYKEn #dubai #realestate #strategy
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