Project exports promotion council of india

Construction in Macau - Key Trends and Opportunities

Press Release: Research and Markets – Mon, Jul 22, 2013 1:22 PM EDT

DUBLIN--(BUSINESS WIRE)--

Macau's construction industry recorded poor performance during the review period, registering a CAGR of -14.29%, with very low investment in the industry due to the financial crisis and emphasis on developing the gaming industry. However, the construction industry is expected to regain momentum and expand at a steady pace over the forecast period, backed by investment in several large-scale infrastructure projects, a surge in tourism, robust demand for housing, and investment in healthcare infrastructure to cope with the rise in the aging population. The industry is expected to register a CAGR of 9.99% over the forecast period.

AFRICA

Malawi: AfDB launches Mzuzu-Nkhata Bay Road Rehabilitation Project

01/08/2013
The African Development Fund-financed Mzuzu-Nkhata Bay Road Rehabilitation Project in Malawi was launched on Wednesday, July 24, 2013. The project involves widening of the 46-kilometre road between the northern city of Mzuzu and Nkhata Bay district, from the current 4.2 metres to 6.7 m and construction of an asphalt-concrete surface with 1.5-m sealed shoulders.

The joint launch by the African Development Bank and the Government of Malawi was led by the Bank’s Resident Representative Andrew Mwaba, and involved the participation of several senior Government officials including those from the Ministry of Transport and Public Works.

Regional administration officials, the Chief Executive and staff of the Roads Authority as well as the implementing agency for the project also participated in the ceremony marked by extra two and half days of high-level training and capacity building.

The training and capacity building sessions were geared to road maintenance and transport management not only for Mzuzu Nkhata Bay Road but for major road corridors in Malawi. They provided both the Bank’s Resident Representative and the Government of Malawi the opportunity to emphasize the need for effective leadership and collaboration amongst all stakeholders, to ensure the execution of the project within the planned four-year implementation period.

Other issues covered during the sessions related to rules of procedures for procurement, financial management, monitoring and evaluation. “These important issues were comprehensively discussed to put the implementation of the project on sound footing,” Mwaba underscored.  

The US $36-million project was approved by the Board of Directors in March 2013. African Development Fund financing represents 95 per cent of the total cost of the project. The project is planned to be implemented over a period of four years from 2013 to 2017.

AfDB approves five new projects

25/07/2013

The Board of Directors of the African Development Bank Group chaired by Emmanuel Mbi, First Vice-President and Chief Operating Officer,on Wednesday July 24, 2013 in Tunis, approved five projects covering the following:

• 
  Côte d’Ivoire: CIPREL Power Expansion Project – An AfDB loan of 50 million euros for the fourth expansion of an existing power plant for the design, construction and operation of a combined cycle turbine facility in Côte d’Ivoire.
  
• 
  Cape Verde: Technology Park Project – An AfDB loan of 32million euros for the development of a technology park which includes the construction and equipment of a data centreand Business Continuity Plan, a disaster recovery site, business and common facilities centre, incubation centre,and training and qualification centre. The project’s goal is the installation and management of cutting-edge computer storage and processing facility and the provision of knowledge resources that will facilitate the development and transformation of government processes and private sector businesses.
  
• 
  Citibank Bank Unfunded Risk Participation Facility of US $50 million– An unfunded Risk Participation Agreement (RPA) between the African Development Bank and Citibank to share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed or indemnified by Citibank. 
  
• 
  The Gambia: Economic and Financial Governance Operation Phase 2 – An African Development Fund (ADF) grant of approximately US $1million budget support operation to the Government of The Gambia. This second phase grant focuses on the promotion of economic growth by enhancing efficiency in the management of government resources. The aim is to help the Government to continue its efforts in lowering the fiscal deficit and reducing reliance on public debt.
  
• 
  Pan African University Project – An ADF grant of US $45 million has been approved for the Multinational Pan African University Project (PAU). The PAU is a regional university offering only postgraduate programs. It aims at establishing an academic network of already existing postgraduate and research institutions. The project aims at advancing Africa’s goal of enhancing its competitiveness and growth through the creation of high quality higher education and research capabilities
  

MIDDLE EAST

Abu Dhabi Police GHQ has floated a tender for the construction and maintenance of buildings for Civil Defence.

Contractors interested in participating in the tender must be registered to the Police Projects Committee (PCC) and/or have completed prequalification documents before receiving tender documents.

The last date for tender submissions is noon on 18 August, 2013.

All applicants shall provide a 5% bank guarantee (bid bond) as stipulated in the tender documents. It shall be valid for up to 102 days and automatically renewed.

Saudi inks water and sanitation deals worth $67.5m

by CW Staff on Jul 8, 2013

The Saudi Water and Electricity Ministry has signed 18 contracts worth a total of $67.5m (SAR 253m) for the implementation of water and sanitation projects across different parts of the country, Saudi Press Agency reports.

Abdullah bin Abdulrahman Al-Hossein, Water and Electricity Minister, penned the deals which will see the bulk of the spend going to Riyadh where two projects at a total cost of $27.5m (SAR 103.3m) will be executed.

The first is a project for the re-use of treated wastewater and the implementation of its connections in Riyadh City at the cost of $22.5m (SAR 84.3m), while the second project is related to wells operation and maintenance at a cost of $5m (SAR 19m).

Other contracts include a deal for work on a water tank at Al-Ghazlani and a pumping station in Madinah at a cost of $6.7m (SAR 25.2m).

The city of Ola in the Madinah Region will also see the completion of a sewerage line at the cost of $6.2m (SAR 23.2m).

Meanwhile, Qatif governate will undergo the development of water networks in and around its centre in the Eastern Province at a cost of $4.7m (SAR 17.8m).

A further $2.8m (SAR 10.5m) contract includes the provision of water supplies to those affected by wastewater overflows in Abha and Khamis, Asir Region.

Construction of walls around the General Directorate of Water in Qatif province, Ras Tanura and Jubail in the Eastern Province are contracted at $2.8m (SAR 10.4m).

Other contracts include construction or completion of water and sewerage projects in different parts of the Kingdom with a wide range of costs.
HLS wins $77.2m deal for 12MW Corsica solar plant

by Cathal McElroy

Dubai-based MEP contractor Habtoor Leighton Specon (HLS) has been awarded a $77.2m (EUR 60m) deal for the engineering, procurement, construction, operation and maintenance of a 12MW solar plant on the French island of Corsica.

The Alba Nova 1 Concentrated Solar Plant (CSP) will be built to serve the Corsican community with clean energy and plans are already in place for a second phase to the project. Alba Nova 2, for which HLS has expressed its desire to be involved as EPC contractor, will see hybrid renewable energy plants combining solar and biomass techniques to enable continuous electricity production.

Thrasos Thrasyvoulou, managing director of HLS, said: “We are very proud to be associated with such a prestigious and innovative project. We look forward to working closely with our technology providers and partners Solar Euromed SAS, and client to deliver the project to the highest quality.

"This is a landmark solar facility in the centre of the Mediterranean. I believe this will pave the way for many more projects in this field and we look forward to working together with our partners to roll out this model to the Middle East and North Africa. We are committed to renewable and sustainable energy through innovative techniques.”

One of the contractors working on a new  $311.77m (1.145bn dirhams) housing scheme for UAE nationals in the Western Region has said it will employ a 2,000-strong workforce to ensure work is finished on time.

Contracts were signed for the Al Ghayathi Housing Project earlier this week between Abu Dhabi's General Services division, Musanda, and contractors National Transport & Construction Company and Al Dhabi Contracting Establishment.

Al Dhabi is building 433 residential units in the first sector, and chief estimator Manzoor Ahmed said a month’s “immobilization period” would start immediately after Eid, with the project expected to take 20 months to complete. Mr Ahmed said a 2,000 strong workforce had been allocated to complete the contract.