A US $262.7mn power purchase agreement (PPA) has been signed by Acwa Power and the National Electric Grid of Uzbekistan for a 200MW wind project. As per the terms of the 25-year agreement, the company will develop the Nukus2 200MW wind power project along with a battery energy storage system (BESS).

Billed as a ‘key public-private partnership (PPP) project’, it is being undertaken under the build, own, operate and transfer (Boot) model.

Acwa Power said that it had $1.085bn in investments in Uzbekistan, which would be used for the construction of two wind-power plants at overall capacity of 800MW.

Uzbekistan President Shavkat Mirziyoyev approved the investment agreements sealed with Acwa Power on wind farm construction projects in Karakalpakstan (at 500MW) and in the Bukhara Region (at 300 MW).

As per prelimenary estimates, the agreement on the construction of a wind farm in the Kungrad district of Karakalpakstan is set to attract foreign direct investment worth $682 million, and $403 million for the project in the Gijduvan District of the Bukhar Region.

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Source: MEConstructionNews

Bahrain’s Ministry of Housing and Urban Planning has issued a request for proposals (RFP) to consultants for providing contract management and construction supervision of the East Sitra Social Housing Project. The development will feature 531 residential units.

The project represents one of Bahrain’s largest-ever residential developments and aligns with the Kingdom’s aims of encouraging urban growth and regeneration as part of a commitment to an increasingly-diversified economy. This in turn is a key element of the nation’s ambitions to achieve regional leadership as a major trading hub.

According to the ministry, only engineering consultants with a Category ‘A’ licence from the Council for Regulating the Practice of Engineering Professions (CRPEP), Kingdom of Bahrain, will be eligible for the contract.

The tenders will be evaluated in two phases, assessing qualification, technical and financial criteria. The deadline for submitting the entries is 24th April.

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The groundbreaking ceremony for the EYWA real-estate project in Business Bay was marked by placing an energy time capsule in its foundation – a long-standing tradition for developer R.Evolution.

The time capsule contains photographs of the building, healing crystals and architectural plans, as well as precious items from the children of the team at R.Evolution. There are also coins and bracelets, and a letter from R.Evolution expressing best wishes for the future residents’ happiness at EYWA, the bio-living waterfront development by the canal

The time capsule ritual has been carried out by R.Evolution in every one of its projects around the world over the last 25 years.

The founder and CEO of R.Evolution, Alex Zagrebelny said, “For me, a building embodies the collective energy of its creators, and EYWA must encapsulate the spirit of our children, representing the next generation. Thousands of years later, somebody will find this Time Capsule and open it and find our letter to them, and see the paintings and drawings, and feel our love and heartiness.”

“At R.Evolution, we craft aesthetically superior, health-centric buildings that pave the way for a brighter tomorrow. Witnessing the enthusiasm and momentum generated by the groundbreaking ceremony fills me with joy. It’s not merely about laying the foundation; it’s a celebration of community and a moment to reflect on the profound impact this project will have on everyone involved.”

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The highly-anticipated Construction Machinery Middle East Awards 2024 is set to take place in Dubai, shining a spotlight on the pioneering achievements and innovations within the construction machinery industry.

This prestigious event, hosted in one of the world’s most dynamic and rapidly evolving construction markets, aims to recognse and honor the exceptional contributions of companies and individuals who are pushing the boundaries of technology, sustainability, and operational excellence.

Scheduled for 18th June, at the Habtoor Grand Resort in JBR, Dubai, the Construction Machinery Middle East Awards 2024 will gather industry leaders, innovators, and stakeholders from across the region and beyond. The awards ceremony is dedicated to showcasing the latest advancements and best practices that are shaping the future of construction machinery and equipment.

Categories and Nominations

This year’s awards feature a broad range of categories, reflecting the diverse nature of the industry. From groundbreaking new machinery and technological innovations to sustainability initiatives and best practices in operation and management, the awards are designed to highlight excellence across all facets of the construction machinery sector.

Nominations for the awards are now open, inviting companies and professionals to submit their entries for consideration. The nomination process is streamlined and accessible, with detailed information available on the official awards website.

Submitting your entry is easy, simply upload your nomination with images and other information, including technical specifications, before 30 April.

From the 1 May, Construction Machinery Middle East will then be staging a public vote to find out the market’s preferred winner in each of the open-vote categories. This is expected to close on the 1st June.

The voting categories are open to all industry professionals. All submissions are subject to verification. Votes made by employees or associates of nominees will not be counted.

The all-important Contractor Awards entries are not open to voting and are treated as confidential as part of the assessment process. Fleets wishing to be nominated can also visit the site to upload their entries.

“The Construction Machinery Middle East Awards are getting bigger every year and it is exciting to once again launch the next event,” said Stephen White, head of content, Construction Machinery Middle East.

A Platform for Recognition and Networking

The Construction Machinery Middle East Awards 2024 not only serves as a platform for recognizing industry excellence but also as a unique opportunity for networking and collaboration. Attendees will have the chance to engage with peers, discuss emerging trends and challenges, and explore new business opportunities in an exclusive setting.

Key Highlights of the Event

• Prestigious awards ceremony celebrating excellence in construction machinery
• Diverse categories covering technology, sustainability, and operational best practices
• Networking opportunities with industry leaders and innovators
• A showcase of the latest advancements and trends in construction machinery

Join Us in Celebrating Industry Excellence

We invite all industry stakeholders to join us in Dubai for the Construction Machinery Middle East Awards 2024. Whether you are looking to gain recognition for your achievements, explore the latest industry trends, or connect with fellow professionals, this event promises to be an invaluable experience.

For more information on the awards, including how to nominate and sponsorship opportunities, please visit our official website.

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Source: MEConstructionNews

Construction of a water treatment plant that is part of the Zuluf onshore oil plant complex in the Eastern Province of Saudi Arabia has begun according to Fisia Italimpianti. The firm is part of the Webuild.

The Zuluf oil field, owned and managed by Aramco, is part of a large development programme that began in 2018 within the Saudi Vision 2030 growth plan of Saudi Arabia. The project was awarded to Fisia Italimpianti last year, with the two contracts worth a total of US $439mn, includes building and managing the plant.

Webuild’s positioning in the water market, a sector where it is already leader, has further strengthened, thanks to this project that has allowed Fisia Italimpianti to step into the oil and gas sector, returning to its operation and maintenance activities, said a company statement.

The formal start of construction works follows the engineering design, material procurement and carrying out of the preliminary activities that served to improve the soil’s characteristics. These works were carried out by Fisia Italimpianti during the last few months, to allow the site to be able to host the plant’s foundations.

Once complete, the plant will be able to treat up to 185,000cu/m per day of water, which will be injected in the offshore wells, contributing to increase the production of the field’s crude oil. The plant will include a water de-gassing system that will extract, compress, and deliver the gas found in the water that enters the plant, to the final client. Then, a water treatment and filtration section will follow in the plant, with the aim of clarifying and reducing the content of solids in the water, to make it suitable for the injection in the oil wells. The project also includes auxiliary systems and the buildings that will be used as administrative offices, technical rooms, and control rooms, the statement said.

Fisia Italimpianti is said to boast a strong presence in the Middle East, where it has been building desalination and water treatment plants in the UAE, Qatar, Kuwait and Bahrain. These plants feature technologically innovative solutions, serving over 20m users.

The Webuild Group is also engaged in several other significant projects in Saudi Arabia. It is currently building 57km of the Connector high-speed railway line for NEOM to link Oxagon and The Line projects. It recently also won the contract to build a lake and unique architectural works at Trojena.

In Ryadh, the company is building 42km of Line 3 of the capital’s metro system, the longest of the metro. The company is also working on Diriyah Square – Package 2 Super-basement Works, the structure of the new Ad-Diriyah neighbourhood that will include a multi-storey parking lot for 10,500 vehicles, the statement concluded.

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Source: MEConstructionNews

At its Annual General Meeting, RAK Properties, Ras Al Khaimah’s publicly-listed property developer, approved an increase in its capital by US $250mn and bolstered the ownership stake currently held by government.

The shareholders approved the significant capital increase with the issuance of 920 million new shares, each with a nominal value of AED1. This move effectively welcomed the Government of Ras Al Khaimah as a strategic shareholder, increasing its stake in the company from 5% to approximately 34% post-issuance (pending approval from Securities and Commodities Authority).

Sameh Muhtadi, CEO of RAK Properties said, “The decision to increase our capital and enhance the Government of Ras Al Khaimah’s stake in RAK Properties is a strong testament to the confidence placed in our vision and long-term growth plan. This strategic move not only fortifies our balance sheet but aligns us even closer with the emirate’s developmental goals.”

“With the government’s support, we have an agreement on in-kind contribution of land at reduced prices; thus enhancing access to prime real estate, paving the way for diversifying our landbank, essential for our expansion and fuelling future developments. This ensures a sustainable pipeline of projects that will contribute to meeting the growing needs of the community and the market in Ras Al Khaimah.”

“Our remarkable financial results in 2023, where we realised $762.4mn in sales and a significant uptick in net profits, has allowed us to reward shareholders with a dividend. The confidence placed by the shareholders in RAK Properties is greatly valued, and we’re committed to ensuring that this trust is met with continued financial growth and success.”

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