Egypts Orascom Construction (OC) has been granted a US$100 million loan from the International Finance Corporation (IFC)
Buildings
Al-Suwaiket inaugurates Eastern Province's tallest tower
Al-Suwaiket Group has announced the completion of work on the 46-storey Dhahran Tower, located on the Dammam-Alkhobar Highway in Saudi Arabia
Hanwha Group signs US$7.75 billion housing contract in Iraq
South Koreas Hanwha Group has signed a US$7.75 billion?contract?to build 100,000 house units in Iraq
Hyundai wins building contract for US$1.5 billion aluminium refinery in Saudi Arabia
South Koreas Hyundai Engineering and Construction Company has won a US$1.5 billion contract from the Ma?aden/Alcoa joint venture to build an aluminium refinery in the?Saudi Arabian town of?Ras Al Khair
Opportunities in the GCC construction market valued at US$500 billion by Deloitte
Construction contracts worth US$40 billion were awarded to contractors in Q1 2011. (Image source: Deloitte)
Key findings from Deloitte Middle Easts annual construction report have shown that there remain considerable opportunities to be found in the regions construction sector in 2012