Orascom Construction PLC’s Post

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.

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

🚢 NEOM Port Phase 2 Update: Saudi Archirodon and DEME Group JV Seal the Deal! In a noteworthy development, Saudi Archirodon and DEME Group have clinched the contract for NEOM Port's second phase, scheduled to commence this month. This partnership aims to create a basin, ultimately bolstering the Port of NEOM's capacity to host the world's largest ships. Significant construction activities should be anticipated at Duba Port, encompassing channel widening, quay expansion, and more. This strategic move aims to enhance the port's capacity, accommodating diverse vessels and addressing evolving trade requirements. The Port of NEOM, a pivotal seaport in northwest Saudi Arabia, is poised to play a crucial role in trade facilitation, connectivity enhancement, and regional economic development. https://lnkd.in/dYBMY_8X Stay tuned for detailed progress updates! 🌐🏗️ #NEOMPort #Infrastructure #TradeDevelopment #Gigaproject #Saudigigaprojects #KSAprojects #Saudiprojects #ConstructionprojectsinSaudi #BNCNetwork #BNCProjectIntelligence #MarketIntelligence

Orascom Construction Signs Two Major Transportation Projects in Egypt 

MEED's latest free-to-view market snapshot covers the Mena region's rail projects: https://lnkd.in/gXsfuqbz 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

#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

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

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.

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.