Holland Gulf Chamber of Commerce » megaproject http://www.hgcoc.com Holland Gulf Chamber of Commerce is een organisatie gericht op het stimuleren van handel tussen Nederland en de Golfregio. Wij helpen bedrijven die zaken willen doen in de Golfregio aan de juiste ingangen bij de belangrijkste beslissingsmakers. Thu, 22 May 2014 10:31:03 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.40 Kingdom implements mega projects worth SAR288bn http://www.hgcoc.com/blog/2013/10/07/kingdom-implements-mega-projects-worth-sar288bn/ http://www.hgcoc.com/blog/2013/10/07/kingdom-implements-mega-projects-worth-sar288bn/#comments Mon, 07 Oct 2013 10:24:09 +0000 http://www.hgcoc.com/?p=1464 Saudi Arabia is implementing mega infrastructure projects, including roads, bridges and rail projects worth $77 billion (SR288.75 billion), local media said quoting a report.
The projects currently implemented to develop roads and bridges in the GCC countries are estimated at $109 billion (SR408.75 billion), the report released by Ventures Middle East said.
Saudi Arabia captured the five biggest construction projects (contracts) in the Middle East region during August 2013.
The Saudi Electricity Company (SEC) recently awarded a $3.3 billion contract to South Korea’s Hyundai Heavy Industries to build Shaqiq power plant at the capacity of 2,640 megawatt (MW), located 580 km south of Jeddah, the report added.
Last month, the Ministry of Housing approved eight contracts worth $1 billion (SR375 billion) for the construction of housing projects in a number of cities, including Madinah, Jeddah, Dammam, Qatif, and Kharj, the report said.
Likewise, the Higher Commission for Riyadh Development (HCRD) also signed contracts valued at more than $22 billion for a Riyadh metro project, which is the biggest in the region. Contractors plan to build a 176 km long metro line in a five-year period, it said.
Plans are under way to build new petrochemical projects with their values touching $70 billion. Saudi Arabian Oil Company (Saudi Aramco), Saudi Basic Industries Corporation (SABIC) and Farabi Petrochemical Company (Farabi) will lead investments in these projects, the report said quoting petrochemical sources.
The petrochemical projects will be constructed near the oil refineries to get their required feedstock. They will be located in Jazan, Yanbu and Ras Tanura, the report said.
The Kingdom also recently kicked off major industrial and petrochemical projects in Jubail and Yanbu industrial cities with costs reaching SR327 billion.
The projects are supposed to raise the Kingdom’s share to global petrochemical market to more than 12 percent and its petrochemical products to nearly 100 million tons annually, the report said.

]]> http://www.hgcoc.com/blog/2013/10/07/kingdom-implements-mega-projects-worth-sar288bn/feed/ 0 Dubai set to become its own island http://www.hgcoc.com/blog/2013/10/04/dubai-set-to-become-its-own-island/ http://www.hgcoc.com/blog/2013/10/04/dubai-set-to-become-its-own-island/#comments Fri, 04 Oct 2013 08:04:10 +0000 http://www.hgcoc.com/?p=1458 Dubai: Few residents of Bur Dubai could ever imagine that one fine morning they would awaken as islanders.

But that’s precisely what lies in store in a few years as the final shovel of dirt is removed to complete the new Dubai Canal, extending the Dubai Creek from Al Shindagha all the way to Jumeirah, morphing the area into a new man-made island surrounded by water.

The Dh2 billion canal project was launched on Wednesday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, an initiative that is expected to boost the Dubai bid for World Expo 2012.

The three-kilometre long canal will start from Business Bay, cutting under Shaikh Zayed Road, Al Wasl Road and Jumeirah Beach Road before it merges with the Gulf waters along Dubai’s shoreline.

Being the heart of Dubai and one of the oldest parts of the city, the area is a mix of commercial hubs and residential neighbourhoods, which unlike other parts of the city, haven’t seen much change for years.

Man-made islands are not new to Dubai and neither are mega projects unheard of in the city. Known for its biggest, largest and tallest projects that have helped the city to stay ahead of other metropolis in the region, residents feel this ambitious project will further add to the charm of the city that continues to reinvent itself. Good reason for longtime inhabitants to be excited.

Emarati media professional Fatima Arbabi lives in a part of Jumeirah which will definitely benefit from the new development. “It’s a brilliant project and I congratulate all the people who are part of it for coming up with such a wonderful idea. Dubai is known for its brilliance in infrastructure, one can appreciate this more when we go to other parts of the world. I’m proud that I’m part of such a blessed city,” said Fatima, who lives in Jumeirah, just a stone’s throw away from the canal site.

Once the canal is ready, Fatima’s house will be a waterfront property, which she feels will bring positive lifestyle changes. “I’m glad that I will be an inhabitant of an island with an exotic waterfront facing my home, can’t ask for anything more.”

Another Emirati, Baqer Abdul Wahed, who lives in Al Wasl area just a few blocks away from where the canal will flow, is confident the canal will inject new life into the neighbourhood.

“This project will be good for Dubai in general and for the residents of Jumeirah and neighbouring areas in particular. Living standards will improve and the area will with bustle with new life and activities. Dubai believes in continuously reinventing itself and offering its people new experiences, I’m sure this project will prove to be another masterstroke,” said Baqer Abdul Wahed, an Emirati who lives in Al Wasl area, just a few blocks away from where the canal will flow.

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