Porsche Hotel in KSA ⎮$40million Land Plot in UAE ⎮ Onsite News Update - Middle East 17-01-22

Описание: Onsite Live is always striving to keep you informed with the latest Construction Industry news for the Middle East region.

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In the News this week

Saudi Arabia will have a Porsche Design boutique hotel after an MoU signed between Deutsche Hospitality and Tourism Development Fund to set up the first ever Steigenberger Porsche Design hotel in the region.

The Saudi Ports Authority (MAWANI), with the support of the National Center for Privatization & PPP, launched the request for qualification (RFQ) for its priority concessions procurement project related to the new multi-purpose terminals in eight commercial and industrial ports in the country.

The Oman Tourism Development Company (OMRAN Group) has entered into a development partnership agreement with Diamond Developers and established a joint venture called Sustainable Development and Investment Company (SDIC) for the development of the first phase of the Yiti Tourism masterplan with an investment value of approximately USD 1 billion.

Oman Cement Company (OCC) floated a tender for the construction of its fourth cement production line in the Sultanate of Oman and to upgrade its third line. The fourth line will have a capacity of 10,000 tonnes per day of clinker, whereas the daily capacity of the third line will be upgraded from 4,000 to 5,000 tonnes per day.

National Marine Dredging Company (NMDC) has won a US$21.5 million contract for dredging the entrance to the navigation channel and the trench of the quay wall in the Red Sea Port in Safaga, Egypt.

A plot of land in Dubai’s Jumeira Bay Island spanning an area of 47,000sq.ft has been brought by a UAE National paying US$40.8 Mn, where a 75,000sq.ft mansion will be built.