Buildings

Drake & Scull International wins MEP contract in Abu Dhabi

Danat-Al-Emarat

 

Drake & Scull International Abu Dhabi has been awarded an US$46.3mn contract for the complete Mechanical, Electrical and Plumbing (MEP) works for the second and final package for “Danat Al Emarat” Hospital in Abu Dhabi.

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Saudi Arabia is the cheapest country in the region for construction

Construction_Saudis

The annual International Construction Cost report by EC Harris has revealed that Saudi Arabia is the cheapest country and Bahrain is the most expensive country in the Middle East to build in.

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Qassim Cement announces preliminary Q2 2011 results

QCC_Q2_2011_1

Qassim Cement (QCC) recently announced its preliminary Q2 2011 results, which were in-line with analysts expectations but showed relatively weak Q2 2011 numbers, Saudi bank NCB Capital (NCBC) stated.

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OCI wins major infrastructure project in Saudi

OCI__infrastructure

Orascom Construction Industries (OCI) Saudi subsidiary, Saudi Limited Company (OSL), won an infrastructure contract in Saudi Arabia worth US$450mn.

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Mubadala to build aluminum smelter in Malaysia

Mubadala

Mubadala Development Co. and state-owned development company 1Malaysia Development Bhd. will form a joint-venture company to develop a US$4.2 billion aluminium smelter in east Malaysia.

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