Tag Archive | "GCC’s"

Inside the GCC’s booming construction industry

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Inside the GCC’s booming construction industry

4162The projects markets of the Middle East are set to enjoy a record-breaking year in 2014 with more than $40 billion worth of new contracts awarded in the GCC alone in the first quarter, a report said.

New contract awards in the GCC will approach $150 billion in the year ending 2014 compared with about $135 billion in the previous 12 months. The project boom encompasses all six GCC markets and extends across all sectors, said the Meed report.

Figures compiled by Meed Projects show that a total of almost $2.5 trillion worth of contracts are planned or under way in the GCC. A further $500 billion worth of projects are at a similar stage in Iraq. For the Mena region as a whole, more than $4 trillion worth of projects are planned or under way, it said.

So far, among the high profile projects that have been awarded include the $12 billion Kuwait National Petroleum Company’s Clean Fuels Project; Qatar’s Ashgal has so far awarded over $3 billion worth of projects for the Expressway and LRDP schemes; Abu Dhabi’s Musanada has awarded over $1 billion worth of contracts for the Mafraq-Ghuweifat Road Development project; Qrail has awarded $700 million contract for the Elevated Section of the Doha Metro’s Red Line South project; and Al Reem Island in the UAE has awarded the main contract with a value of $705 million.

Confidence is being further lifted by the irresistible rise in project spending in Iraq where oil production last year reached an all-time high of more than 3m bpd. At least $20 billion of new contracts are expected to be placed in Iraq by the end of 2014 in a capital investment programme that will establish the country as one of the most exciting prospects in the world for the local, regional and global construction industry.

This vast, varied and challenging opportunity will be comprehensively reviewed in Meed’s annual Arabian World Construction Summit (AWCS) which opens in the Sofitel Hotel on Palm Jumeirah on May 12.

More than 60 speakers representing all high-growth Middle East construction markets and the largest region’s project sectors will address the event.

Among the highlights of the summit includes a keynote session on developing “Solution-based Delivery Strategies for the Region’s Complex Construction Projects”.

Saudi Arabia, the Middle East’s biggest project market which is expected to witness more than $70 billion of projects awarded in 2014, will once again be at the heart of the conference.

Speakers will review the trends in the kingdom’s construction industry and evaluate the opportunities in energy, water, rail, port and real estate markets. Special attention will be paid to the remarkable King Abdullah Economic City (KAEC) in Rabigh where one of the world’s largest new ports started operations earlier this year, and progress on the Jeddah Kingdom Tower, the world’s tallest high-building, and the supporting development.

A special presentation will be delivered by the General Authority of Civil Aviation (GACA), the largest new airport client in the Middle East.

The UAE will get special attention as investment in the federation starts in the run up to the opening of the World Expo in Dubai in October 2014. More than $100 billion worth of new projects is on the agenda for the emirate which expects 25 million people to visit the six-month expo.

The conference will review some of the largest real estate developments in Dubai including exciting projects being developed by Meraas Holdings.

Other markets to be reviewed will include Oman, Bahrain, Iraq and Egypt where 40 megaprojects worth more than $500 million are planned or under way.

The challenge of delivery complex, multi-component megaprojects will be one of the key themes of AWCS 2014. Regional and global experts in megaproject delivery and the role high-level programme management can play in bringing megaprojects in on time and budget will be among the key participants in the event.

“The AWCS was launched in 2007 and is established as the premier annual event for major clients and senior construction industry executives working in the Middle East megaproject market,” says Meed Events chairman Edmund O’Sullivan. “This year, the delegates will learn about the widest range of new projects and construction opportunities since the first AWCS opened seven years ago. I’m confident they will leave inspired to intensify their efforts across the region.”

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Arabia Essen Welding and Cutting, Tekno Arabia and Tube Arabia shows underline GCC’s $18bn investments in new pipelines in next 5 years

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Arabia Essen Welding and Cutting, Tekno Arabia and Tube Arabia shows underline GCC’s $18bn investments in new pipelines in next 5 years

218The GCC tubes and pipes industry will invest $18bn in the next 5 years in new pipelines and associated infrastructure, as the Gulf is set to add more than 21,000 km to its current pipe network. This constitutes 14% of the globally extended planned pipeline network of 161,000 km.

This was revealed at a press conference held in Dubai today (Wednesday 2nd January 2013) by Al Fajer Information & Services (AFIS), Messe Essen and Messe Dusseldorf, organizers of the Arabia Essen Welding & Cutting, Tekno Arabia and Tube Arabia, the 3-in-1 show, to be held from 7 to 10 January, 2013, at the Dubai International Exhibition and Convention Centre.

The press conference was supported by German Welding Society (DVS) and International Tube Association (ITA).

Satish Khanna, General Manager, AFIS said: “Each of these industrial exhibitions has its own value proposition to respective industries in the UAE and the wider pan Arab region. The GCC’s drive to extend its railway network will boost the demand for tubes, pipes and welding solutions. This demand is being met with increased domestic production by local players. Moreover, the remarkable utility and construction projects are giving a shot in the arm to the pipes, tubes and welding industries. This has boosted the importance of these three shows by attracting more companies to display their products to target the rapidly increasing trade visitors.”

Khanna added: “This year’s event has a special flavor as Arabia Essen Welding & Cutting 2013 makes it debut in the GCC. The new fair is the result of successful collaboration between the fair companies in Essen and Düsseldorf and us. The debut show is leveraging on the leading position of the Tekno and Tube shows which have established themselves as international events for industrial machinery, metal working, machine tools, tubes and pipes.”

The three shows are regarded as gateways to the extremely important Gulf and Middle East markets by exhibitors from Europe, North America and Asia.

Tekno Arabia 2013, Tube Arabia 2013 and Arabia Essen Welding & Cutting 2013 will be held in Sheikh Saeed Hall and Halls 2 and 3 in Dubai International Exhibition and Convention Centre.

Tekno and Tube Arabia have emerged as the largest and most important regional industry exhibitions and adding welding to these two vibrant industries offers an integrated solution to the rapidly growing needs of the industry. The three exhibitions represent a significant industry component of the industrial and manufacturing stake.

Exhibitors in Arabia Essen Welding & Cutting include manufacturers of welding equipment, consumables and accessories as well as traders of fume extraction devices, pool monitoring systems, seam measurement and evaluation devices, automated for lattice work girders, bugles, converters and generators, filter installations, fittings, installations, welding machines, power drying furnaces, welding robots, seam identification systems, welding tables, torches, tractors, wire de-reelers and cutting and soldering technologies and solutions.

The press conference also announced the launch of ‘DVS Congress ARABIA 2013′ which will be held on 7th and 8th of January alongside ‘Arabia Essen Welding and Cutting 2013′ trade fair.

Tekno and Tube Arabia fairs have become major international trade events for industrial machinery, metal working and machine tools. The two shows offer an ideal platform for companies to gain inroads into the booming Middle East markets.

Khanna added: “As for the tubes industry, the GCC and Middle East are providing increasingly attractive markets for international tube manufacturers. Some of the growing sectors include oil and gas technology, petrochemicals, water and electricity supply, drainage as well as construction.”

Tekno and Tube Arabia 2013 are specialised in showcasing latest industrial machinery, metalworking, machine tools, dies/molds, tubes, and pipes by a wide array of the world’s tube and pipe manufacturers.

“These three-in-one shows have attracted 300 exhibitors from 27 countries,” added Khanna.

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Saudi accounts for 63 per cent of GCC’s USD 9 billion food and beverage market

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Saudi accounts for 63 per cent of GCC’s USD 9 billion food and beverage market

Burgeoning population drives food demand as per capita food consumption on track to increase by 31.24 per cent in 2014

July 10, 2011



Saudi Arabia accounts for up to 63 per cent of the GCC’s USD 9 billion food and beverage market, easily establishing the country as a major business and investment destination for key players in the food production value chain. The country’s burgeoning population, which is expected to double by 2023, has been a key factor in Saudi Arabia’s rapidly increasing food requirements, as per capita food consumption is expected to increase by 31.24 per cent by 2014, according to BMI statistics.

Saudi Agriculture 2011, held under the patronage and support of the Saudi Ministry of Agriculture, is being organised to help shore up ongoing investments in food and beverage production and enable the country to meet its increasing, long-term food requirements. Regional and international exhibitors have already signed up to attend the trade event, showcasing the latest in Animal Health & Production, Agricultural Finance & Banking, Agricultural Products & Services, Chemicals & Fertilizers, Cold Storage & Crop Production, and Dairy Farming Products & Equipment, among others.

“Saudi Arabia has been a major destination for regional and international suppliers and manufacturers in the food production value chain because of the enormous growth potential of the Saudi food market. Saudi Agriculture, the country’s prime agricultural trade event for the past 30 years, certainly serves as a major entry point for investors and other key industry players from the Middle East, Europe, the Americas and Asia to expand their presence in the Saudi food sector and contribute in addressing the country’s long-term food security challenges,” said Khalid Daou, Project Manager of Saudi Agriculture at Riyadh Exhibitions Company.

Saudi Agriculture 2011 – The 30th International Agriculture, Water & Agro-Industry Show, will run from September 19 to 22, 2011, at the Riyadh International Exhibition Centre. The trade show, which is accredited by UFI, the Global Association of the Exhibition Industry, will be held concurrently with Saudi Agro-Food 2011 – The 16th International Exhibition for Food Processing and Packaging. Saudi Agro-Food 2011 will feature the latest products, technologies and services in areas ranging from frozen and chilled foods, confectionery, chocolates, health and natural foods, to presentation, processing and packaging equipment.

Saudi Agriculture 2011 serves as an ideal business-to-business platform for major agricultural producers, manufacturers, dealers, agents and distributors along with key policy makers and high-ranking officials from the Saudi Agriculture Ministry. Other key areas of focus of the trade event include Fisheries & Fish Farming, Greenhouses, Handling & Transport Systems, Irrigation & Landscaping Equipment, Machinery & Spare Parts, Organic Farming, Packaging Systems & Products, Pesticides, Pumps & Pipe Systems, Seeds & Soil Nutrition Products, Spraying Machinery, Water Treatment, Water Management Systems, and Warehousing.

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GCC’s facilities management industry worth USD 15 billion

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GCC’s facilities management industry worth USD 15 billion

Jafza confers Distinguished Partner award to Imdaad for quality-focused solutions benefiting over 6,400 companies

December 26, 2010

2154Imdaad, a leading provider of integrated facilities management solutions in the UAE, has underlined the need to further boost quality standards to sustain the continued growth of the GCC’s facilities management industry, which Imdaad has estimated to be worth USD 15 billion. Imdaad also pointed out the need to continue to invest in enhancing the competencies of facilities management professionals and to adopt sustainable technologies and best practices.

Highlighting the critical importance of delivering quality-focused services, Imdaad was recently honoured with the Distinguished Partner award by Jebel Ali Free Zone (Jafza) during a recent ceremony commemorating Jafza’s 25th anniversary. The award recognised Imdaad’s excellence in delivering facilities management solutions, which have contributed to the continued success of Jafza as one of the fastest growing free zones in the world. Imdaad has been the exclusive provider of facilities management solutions at Jafza, in a partnership that has benefited over 6,400 companies operating in the free zone.

“Imdaad continues to develop genuinely sustainable and cost-efficient solutions that are vital to the long-term growth aspirations of high-profile clients such as Jebel Ali Free Zone. Moreover, we also invest heavily in human resource development and in acquiring state-of-the-art technology to address present and future requirements in the facilities management sector. We believe that this is the ideal strategy to help open more growth opportunities in the GCC’s facilities management industry, which has now reached a value of around USD 15 billion,” said Jamal Abdulla Lootah, CEO, Imdaad.

“Facilities are critical to the operation of business enterprises. It is therefore equally important to maintain the highest level of quality and excellence in the delivery of maintenance and management services to ensure that facilities and other fundamental assets are in the best condition and are able to perform optimally. Imdaad is grateful to Jafza for conferring us with the Distinguished Service Provider award and recognising our efforts to uphold quality and excellence and in focusing on sustainable development and environment-friendly practices in the delivery of facilities management solutions. In particular, we are deeply thankful to Hisham Abdullah Al Shirawi, Chairman of Economic Zones World, and Salma Hareb, CEO of Jafza and Economic Zones World, for their confidence in Imdaad’s expertise. We hope that this distinction will help bolster the long-term relationship between Imdaad and Jafza,” added Lootah.

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Booming food sector creates new opportunities in GCC’s job market

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Booming food sector creates new opportunities in GCC’s job market

HR outsourcing serves as cost-efficient tool for expanding food companies to access right talent pool; UAE food import value in 2009 reaches      USD 6.78 billion

August 11, 2010

279The food sector is poised to serve as one of the catalysts for growth in the GCC job market as food investments continue to surge in line with efforts to attain self-sufficiency. GCC countries currently import up to 90 per cent of their food with the UAE expenditure alone reaching up to USD 6.78 billion in 2009 .

Recent figures from the Dubai World Trade Centre shows that there are now at least 150 food processing plants in the UAE as the country continues to aggressively promote food investments, with the UAE Government leading the way by committing a total of USD 1.4 billion in investments. The influx of international fastfood chains, which are moving away from recession-hit markets into high-growth destinations such as the GCC, has further strengthened the food sector.

The halal food market is another key growth area for specialised manpower services. With increasing demand from 1.8 billion Muslims worldwide, UAE companies are now positioning themselves as major suppliers of the halal food industry, which has been estimated to generate between USD 632 billion and USD 2.1 trillion  annually.

The food sector is undoubtedly one of the fastest-growing industries in the UAE and the rest of the GCC. It is also one of the most HR-intensive industries because of the rapid expansion initiatives being implemented by food companies. The Ramadan season is particularly important for the industry with demand for food and food-related services sharply increasing at this time of the year, creating a corresponding need to hire more people.

Valerian D’Souza, Head of Manpower Services, DULSCO HR Solutions suggests that, ‘Outsourcing is an excellent option for food companies to satisfy their immediate employment requirements without tying down their HR or administration departments on activities such as employee recruitment, visa procurements, and the deployment of administrative support to new employees.’

Dulsco HR Solutions pool of 5,000 experienced manpower can be swiftly and seamlessly deployed to any workplace environment. The organisation has augmented its standby workforce to include capable food and special events industry practitioners, who are also equipped with the required licenses and documentation for the industry.

In today’s highly competitive markets, outsourcing provides an effective means for food and packaging companies to streamline their business and stay ahead of the competition.

“Many companies use Human Resource outsourcing as a strategic tool to ease their HR burdens and allow them to focus on their business. HR outsourcing offers numerous benefits, such as reduced operational costs, access to well-matched skills, and enhanced employee relations, which are all very attractive for companies that are expanding in the region and are looking for an efficient way to recruit the right people,”  concluded D’Souza.

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