Yasser Kutbi’s Post

Hawas Bajawi has written great thoughts and I agree to the most of it but second last paragraph is really mindful. So overall it's a must read. Here you go!

How is the Egyptian #construction sector doing? No doubt that #Egypt has recently faced its fair share of economic challenges, and many of us were confronted with them in the recent past. However, I am probably not the only one who was deeply impressed by the scale and scope of #construction projects in cities like Cairo over recent years. So where is the sector heading currently? Have a look at our blog post below, or visit our platform (www.abiq.io) to see which projects are in the pipeline, and which #developers, #contractors, as well as #consultants you should be talking to, to make the best of local #opportunities. 

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.

Construction Sector in Saudi Arabia: Growth Opportunities and Future Prospects The construction sector in Saudi Arabia has experienced significant growth and development in recent years, supported by various government initiatives and investments. As one of the largest economic sectors in the country, the construction industry plays a crucial role in driving the overall economic growth and development of the Kingdom. One of the key drivers of growth in the construction sector is the ambitious infrastructure development projects being undertaken in Saudi Arabia. The government's Vision 2030 initiative has placed a strong emphasis on developing infrastructure, including transportation, housing, utilities, and industrial facilities, to support economic diversification and create a more sustainable economy. Investments in mega-projects such as NEOM, the Red Sea Project, Qiddiya, and others have created a wealth of opportunities for construction companies and other stakeholders in the sector. These projects not only stimulate economic growth but also create jobs and contribute to the development of skills and expertise in the construction industry. The construction sector in Saudi Arabia is also benefiting from advancements in technology and innovation, which are driving efficiencies and improving productivity. The adoption of Building Information Modeling (BIM), drones, and other digital tools is helping construction companies streamline their processes, reduce costs, and deliver projects more efficiently. Furthermore, the increasing focus on sustainability and green building practices is shaping the future of the construction sector in Saudi Arabia. The government has introduced regulations and initiatives to promote energy efficiency, resource conservation, and environmentally friendly construction practices, encouraging the industry to embrace sustainable development principles. Despite the growth opportunities and positive outlook for the construction sector in Saudi Arabia, challenges remain. These include issues related to project financing, regulatory complexities, skilled labor shortages, and the need for greater transparency and accountability in the industry. Addressing these challenges will be essential to sustain the momentum of growth and ensure the long-term success of the construction sector. In conclusion, the construction sector in Saudi Arabia is poised for continued growth and expansion, driven by government investments, infrastructure projects, technological advancements, and a growing focus on sustainability. By addressing challenges and seizing opportunities, construction companies in the Kingdom can contribute to the country's economic development and play a vital role in shaping its future. #water #oilandgas #construction #energy #electricity #infrastructure #projects #sustainability

Over 5,200 ongoing projects collectively worth a staggering $819 billion. Saudi Arabia's construction projects are scaling up rapidly. Valued at $120.4 billion in 2021, this sector is poised for robust growth, with a projected annual increase of at least 4% from 2023 to 2026. #Saudiarabia #Construction #rawmaterial #procurments #engineering #projects #infrastructure #technology #constructionmarket

Egypt's construction sector is the largest in Africa. Huge projects in building construction, infrastructure and power are driving the country’s growth. Learn more about the projects, companies, and market statistics in this market snapshot. #constructioninEgypt #constructioninAfrica #infrastructureinEgypt https://lnkd.in/d4rRU_ud

https://lnkd.in/dbRiAJnJ Nesma awarded $347 million in Sub-Station Contracts. In a recent statement, Nesma Infrastructure & Technology (NIT) in Saudi Arabia disclosed a significant development by signing a major strategic package with the Saudi Electricity Company (SEC). The total value of the contracts involved in this collaboration exceeds SAR 1.3 billion. The contracts entail the construction and delivery of 16 high-voltage transmission substations to support the rapid development in the eastern region of the Kingdom. These fast-track contracts encompass engineering, procurement, construction, testing & commissioning, and energization of the transmission substations. The goal is to connect them to the Saudi Arabian national grid within an approximate delivery timeline of 16 months. The substations will be executed on a lump sum turnkey basis under the Network Reinforcement Program for Big Cities. This initiative is designed to benefit existing cities in the eastern region, facilitating their future growth. Additional Projects and Expansion: Collaboration with Saudi Electricity Co. NIT secured further projects with the Saudi Electricity Co. involving the design, construction, and commissioning of two transmission substations, overhead transmission lines, and connection to the grid. The overall value of these additional projects is estimated at SAR 800 million, and the delivery schedule is 20 months. Project Location and Unique Features: Trojena in NEOM The new projects are situated in the mountainous region of NEOM known as Trojena. This area is anticipated to become a world-class destination, featuring the Gulf’s only outdoor skiing venue and year-round adventure sports, activities, shopping, dining, and entertainment. Trojena's altitude ranges between 1500 and 2600 meters, providing a cooler yearly climate. This development aligns with the Kingdom’s strategic efforts to create distinctive tourist destinations and international scientific hubs.

Will Saudi Arabia 🇸🇦 be the next UAE/ Dubai 🇦🇪? Excited to discuss the future of Saudi Arabia next week Cityscape Global in Riad. Who is up for a discussion or meet in Riad next week?

In today’s context in Saudi Arabia infrastructure projects, privatization became more and more attractive market for investors in all sectors (water, energy, transportation). Privatization majorly is to commercialize and to transfer the efforts of doing the project to the private sector in a proper way that the risks are shared in both partners and this is what called PPP (public private partnerships). This practice is limited to infrastructure projects as it has constraints in its financial models and governments give guarantees sometimes to the private sector in order to ensure their payments. All past practices are changing in this form and I think who will win in this Marathon are contractors and the previous competition will end smoothly. Today Saudi Arabia already made its legislative environment which is privatization law. Privatization Projects in all sectors are starting in the competition “healthcare, education, airports, roads, water and wastewater services, energy services” the importance of this mention that privatization projects in Saudi law is not only those from scratch projects and all these projects are to be desgined on the existing situation.