Project exports promotion council of india
Address: P. O. Box 61835, Dubai - 971, United Arab Emirates Phone
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Address: P. O. Box 61835, Dubai - 971, United Arab Emirates Phone: +(971)-(4)-2850500 Fax: +(971)-(4)-2855782 Mobile / Cell Phone: +(971)-504577100 Handal Mandiri Buyers of steel pipes. Address: Jl. DI. Panjaitan, Gang Sederhana No. 01, Balikpapan - 76123, Indonesia Phone: +(62)-(542)-423315 Fax: +(62)-(542)-420537 Mobile / Cell Phone: +(62)-811-547493 Scaffolding, Scaffolding Fittings & Formwork Accessories Abdul Kreem Company Engaged in importing of cuplock sysstm, scaffolding fitings, forklif. Address: Jabl Al Zhor Road, Amman - Na, Jordan Phone: +(962)-(6)-4162847 / 4383121 Fax: +(962)-(6)-4166463 Mobile / Cell Phone: +(962)-795452062 Echafauds Plus, Inc. Dealing into scaffolding, temporary fence on rental. Address: 2897, Francis, Laval - H7L 3S8, Canada Phone: +(1)-(450)-6631926 Fax: +(1)-(450)-6636276 Bakht Kabir Company Buyers of all types of scaffolding couplers. Address: No. 4, Yazdchi All., Vahdat Eslami Street, Tehran - Na, Iran Phone: +(98)-(21)-66487632 / 66487633 Fax: +(98)-(21)-66487632 A. A Scaffolding Importers of all types of galvanised scaffold tubes. Address: 10, Cots Wold Way Enfeild, Enfeild - Na, United Kingdom Phone: +(44)-(208)-3633930 Fax: +(44)-(208)-3633930 Wall & Floor Tiles Steel City Renovation & Engineeering Sdn Bhd Buyers of tiles. Address: Plot 41, Elseidale Estate, Mount Erskine - 10470, Malaysia Phone: +(60)-(4)-8909594 Mohammed Osman Ahmed Al Fattani Estate Buyers of all kinds of stone tiles, multi colored tiles, white tiles, kitchen wall tiles, decorative wall tiles etc. Address: Al Dahab, Behind Atlas Hotel,, Jeddah - 21425, Saudi Arabia Phone: +(966)-(2)-6458316 / 6420491 Fax: +(966)-(2)-6458308 Mobile / Cell Phone: +(966)-966505506286 Sikder Trading International Importers of all kinds of tiles. Address: 1613, Hamzarbag Colony, Muradpur, Chittagong, Bangladesh Phone: +(880)-(31)-682127 Fax: +(880)-(31)-655711 Mobile / Cell Phone: +(880)-0176328881 Sofag Buyers of various types of tiles. Address: 74, Route De Bethune, Sainte Catherine Les Arras - 62223, France Phone: +(33)-(3)-21509393 Fax: +(33)-(3)-21509394 Indi - Stone Design Buyers of dimensioned stone. Address: 681, Timboon - Colac Road, Scotts Creek - 3267, Australia Phone: +(61)-(3)-55959206 Fax: +(61)-(3)-55959206 Mobile / Cell Phone: +(61)-4005763758 Associated Industries, UK Buyers of flooring products etc. Address: 9, Norfolk Road, Industrial Estate, Gravesend - DA122PS, United Kingdom Phone: +(44)-(1474)-328111 Fax: +(44)-(1474)-328222 Potent Solutions Buyers of tiles. Address: 14, Twynyrefail Place, Gwaun Cae Gurwen, Ammanford - SA181HY, United Kingdom Phone: +(44)-(1269)-823039 Fax: +(44)-(1269)-823039 Qreitem Trading Company Buyers of porcelan granite tiles, marbonite tiles, bathroom tiles etc. Tradenetwork Fountoulakis Buyers of tiles. Address: Andrea Miaouli, 116, Keratsini - 18755, Greece Phone: +(30)-(210)-4009327 Fax: +(30)-(210)-4004374 Mobile / Cell Phone: +(30)-6977427669 Venetto Ceramicas Importers of tiles. Address: 145/1, Green Road., Dhaka - 1205, Bangladesh Phone: +(88)-(2)-9144949 Fax: +(88)-(2)-8314400 Mobile / Cell Phone: +(88)-171037609 Maksoors Shopping Centre Cisco Tile Importers of ceramic glazed tile, decorative tiles etc. Address: Soto 280 Int. 1, Ensenada, B.C. - 22840, Mexico Phone: +(52)-(646)-1766325 Fax: +(52)-(646)-1766325 Rosean Company Limited Buyers of ceramic tiles. Address: 15-3 Doida, Matsuyama - 790-0056, Kenya Phone: +(81)-(89)-9311700 Fax: +(81)-(89)-9311703 Mobile / Cell Phone: +(81)-60-12-3190414 Dennis Plink Builder Pty Limited Importers of building products like tiles and ceramics. Address: P. O. Box 247, Blackheath - 2785, Australia Phone: +(61)-(2)-63552003 Mobile / Cell Phone: +(61)-414 825711 Moods Fine Furniture Co. Buyers of tiles. Address: Killymitten, Ballinamallard, Enniskillen - BT942FW, United Kingdom Phone: +(44)-(28)-6638882 Fax: +(44)-(28)-66388881 Wood Floorings, Timber, Plywood & Laminates Al Bahjah Buyers of plywood. Address: Karama, Bur Dubai, Dubai - 34633, United Arab Emirates Phone: +(971)-(50)-6760089 Rudwan Workshop Buyers of meranti, mahagany and teak wood. Address: A'amran Street, Sana'A - 326, Yemen Phone: +(967)-(1)-325224 Fax: +(967)-(1)-325224 Mobile / Cell Phone: +(967)-71124009 Shree Shivshakti Hardware And Sanitary Suppliers Freight Link International Co. Limited Importer of commercial dbbcc plywood, mdf radiata pine planks and pine plywood. Address: SIR VIRGIL NAZ STREET, Port Louis - NIL, Mauritius Phone: +(230)-(233)-0101 Fax: +(230)-(211)-5410 Ocean Star Shipping & Trading Sdn Bhd. Buyers of all kinds of timber. Address: AE7, Jalan Kukuban Satu, Taman Setapak, Kuala Lumpur - 53000, Malaysia Phone: +(60)-(3)-21665868 Fax: +(60)-(3)-31685886 Mobile / Cell Phone: +(60)-193211582 Ferna SA Buyers of parquet floorings, timber, plywood and laminates. Address: Barrio La Virgen, N 35, El Barraco, Spain Phone: +(34)-(920)-281114 Fax: +(34)-(920)-281564 Khalili, Oman Buyers of wood. Address: Khuwair, Muscat, Ruwi - NIL, Oman Phone: +(968)-(7)-699098 Mobile / Cell Phone: +(968)-9371434 Vivek Industries Limited Buyers of plywood. Address: Mombasa Road, Nairobi, Kenya Phone: +(254)-(20)-531783 Fax: +(254)-(20)-531587 Mobile / Cell Phone: +(254)-733311335 Laidebao Furniture Company Limited Buyers of woods, logs etc. Address: Chumen Section, Sci-Tech Industrial, Yuhuan - 317 605, China Phone: +(86)-(576)-7427356 Fax: +(86)-(576)-7427358 Mobile / Cell Phone: +(86)-8613566859068 Engel Timber Importers of mahogany plywood. Address: Babenbergerstrasse No. 9, Vienna - A-1010, Austria Phone: +(43)-(1)-5876343 Fax: +(43)-(1)-5873936 Ultident Importers of dentsply etc. Address: 4028 Steinberg, St.Laurent - H4R 2G7, Canada Phone: +(1)-(514)-3353433 Fax: +(1)-(514)-3350992 Phiali Company Importers of high pressure laminates. Address: No. 61-3, Houhu Rd., Linkou Shiang, Taipei Hsien, Taipei - 244, Taiwan Phone: +(886)-(2)-2603493 Fax: +(886)-(2)-26034954 Hobapol Ag Importers of all kinds of timber products. Address: Semslach 39, Obervellach - 9821, Austria Phone: +(43)-(4782)-29848 Fax: +(43)-(4782)-29848 Mobile / Cell Phone: +(43)-664 569 2596 E Corner Buyers of sawn timber. Address: No. 54, Jalan S.P. 1/5 Taman Saujana, Puchong - 47100, Malaysia Phone: +(60)-(3)-80602095 Mobile / Cell Phone: +(60)-60123815330 Rimaju (Asia Pacific) Sdn. Bhd. Importers of unfinished and prefinished t & g timber floorings, laminated timber floorings etc. Address: Lot 14, 1st Floor, Kolam Centre, Jalan Lintas, Luyang, Kota Kinabalu - 88300, Malaysia Phone: +(60)-(88)-232551 Fax: +(60)-(88)-211313 Zaki Sons Buyers of timber products. Address: Zaibunisa Hospital Timber Market, Karachi - 74700, Pakistan Phone: +(92)-(300)-8236792 Fax: +(92)-(21)-6672015 Maxlink Far East Intl Cargo Service Chine Ltd Buyers of timbers. Address: Room 5b-5c No.2 Xushida Mingyuan Building Xinan 4th Road, Baoan 34 Area, Shenzhen - 518100, China Phone: +(86)-(755)-27852776 / 27852778 / 27852779 Fax: +(86)-(755)-27852990
RBI/2013-14/499 A.P. (DIR Series) Circular No.108 February 24, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 10 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 14, 2013 with the Government of the Republic of Nicaragua for making available to the latter, a Line of Credit (LOC) of USD 10 million (USD Ten million ) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of financing purchase of equipment from India for building two electric sub-stations in Nicaragua. The goods, machinery and equipment and services including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of Eligible Contract from outside India. 2. The Credit Agreement under the LOC is effective from January 31, 2014 and the date of execution of Agreement is June 14, 2013. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (June 13, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners’ Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l) banks may allow such remittance after realization of full payment of contract value subject to compliance with the prevailing instructions for payment of agency commission. 5. AD Category-I banks may bring the contents of this circular to the notice of their exporter constituents and advise them to obtain full details of the Line of Credit from the Exim Bank’s office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (C. D. Srinivasan)
February 4, 2014 To All Category - I Authorised Dealer Banks Madam / Sir, Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS) Attention of Authorised Dealers is invited to A. P. (DIR Series) Circular No. 12 dated September 9, 2000 in terms of which AD Category – I banks are required to furnish the various returns/statements relating to export of Goods/Services as given under Part C- Authorised Dealer obligation in the annexure of the said circular. The mode/manner of submission of return has been amended from time to time. 2. As of now, AD banks are submitting the various returns like XOS (export outstanding statements), ENC (Export Bills Negotiated / sent for collection) for acknowledgement of receipt of Export documents, Sch.3 to 6 (realization of export proceeds), EBW (write-off of export bills), ETX (extension of realization of export bills) relating to Export transaction under FEMA to RBI. These various returns are being managed on a different solo application or manually. 3. With a view to simplify the procedure for filling various returns and for better monitoring, a comprehensive IT- based system called EDPMS has been developed which will facilitate the banks to report all the above mentioned returns through a single platform. In the new system, the primary data on exports transactions including offsite software exports from all the sources viz. Customs/SEZ/STPI will flow to RBI secured server and then the same will be shared with the respective banks for follow up with the exporters. Subsequently, the document submission and realization data will be reported back by the AD banks to RBI through the same secured RBI server so as to update the RBI database on real time basis to facilitate quicker follow up/ data generation. The AD banks are required to download and upload the data on daily basis. 4. The system will also facilitate the Authorised Dealer to raise the Authorised Dealer (AD) transfer request in case of Export document submitted to the Authorised Dealers other than declared in the export document which will discontinue the paper based NOC issued by the AD banks. AD banks have to approve/disapprove the AD transfer request within 7 days from date of request. 5. The date of inception of the system along with user credentials and web link for accessing the system would be communicated to the AD banks shortly through e-mail. For user name and password, AD banks are advised to submit a fill-in form (format annexed) through E-mail on or before February 10, 2014. Clarification required, if any, may also be sent to the aforesaid email-id of Reserve Bank of India. 6. A cut-off date for shipping documents to be reported in the new system will be notified shortly which will be the commencement date of the new system. The entire shipping document should be reported in the new system after cut-off date and old shipping documents would continue to be reported in the old system till completion of the cycle. Both the old and new systems will run parallel to each other for some time before the old system is discontinued. 7. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. 8. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (C.D Srinivasan)
$8.17-B ‘Yolanda’ plan baffles UK Huge Aid Package Requires Careful Thinking, Says Envoy by Roy Mabasa
February 24, 2014 (updated) Manila, Philippines — The $8.17-billion package that the Philippine government is asking from the international community for the reconstruction and rehabilitation of areas affected by super-typhoon “Yolanda” (Haiyan) is so large, according to the top British diplomat in Manila, that it requires careful thinking. “You can’t rush something and recreate the same problems,” said British Ambassador Asif Ahmad when asked by reporters in an interview at his residence in Makati City on how the UK will contribute to the Philippine government’s Reconstruction Assistance on Yolanda (RAY) which was launched by President Benigno S. Aquino III last Dec. 18. ‘After the super typhoon devastated their area, survivors in Anibong, Tacloban City, renamed their barangay ‘Yolanda Village.’ where ships rammed by the storm surge ended up near their ruined houses. The UK government has expressed reservation over the huge amount of aid the Philippine government said it needs to rehabilitate what was destroyed by the killer typhoon. (Cheryl Baldicantos) RAY is a strategic plan to guide the recovery and reconstruction of the economy, lives, and livelihoods of people and communities in the areas affected by Typhoon “Yolanda.” Based on the plan, the Philippines will need a total of $8.17 billion for the reconstruction and rehabilitation of the devastated areas. About $0.78 billion will be spent for critical immediate actions, $2.05 billion for short-term interventions throughout 2014, and the rest, about $5.34 billion, for medium-term needs from 2015 to 2017. However, Ahmad pointed out that providing food, shelter and sanitation is a very different phase from restoring the economic and social conditions of the affected areas at the very least to their pre-typhoon levels and to a higher level of disaster resilience. In fact, during a recent meeting between officials from the Department of Foreign Affairs (DFA) and donor partners, he said he raised two things relative to the government’s call for additional international financial assistance. “First, can the Philippine government give us an idea what are their priorities and to what extent will the government raise the funds either through taxation, soft loans, grants or borrowing?” said Ahmad. “Second, how will the government coordinate with the international community?” “Basically,” he explained, “if the government will build back better then we need to know what would make it better.” These are just some of the issues that donor partners want the Philippine government to spell out. “They talk to each other, they are offering each other proposals,” he pointed out. “There is also the United Nations Development Programme’s (UNDP) own proposal which we also want to take into account.” At this point in time, he said discussions are still ongoing but admitted that the British government is taking the appeal seriously. “When we look at all of that, we will endorse and recommend to all our government to join in,” the British ambassador assured. “And this is actually quite soon.” As of now, though, an audit is being undertaken by UK’s Department for International Development (DfID) regarding the financial aid that the British government has so far extended to the victims of the killer typhoon. Naturally, as UK’s representative to Manila, Ahmad said he is accountable to what his government has done in the Philippines and how they are using British public money in so far as humanitarian aid for “Yolanda” victims is concerned. Nevertheless, he stressed that the British government is prepared to “put a little bit of money just to help the agencies with the relief work because the demand is still there.” But the biggest tranche will be for the trust fund and will be announced in London in due course, he said. “The British government’s concern is not whether to join but how much we will put into it,” he stated. “I am sure other countries like the European Union, Australia and Canada will look at how they too can join this endeavor.” People Power Meanwhile, President Aquino said he is now seeking people power in fighting the “last vestiges” of corruption and rebuilding the communities ravaged by the recent calamities. In a message to mark the 28th anniversary of the People Power Revolution tomorrow, Feb. 25, the President remembered the “true might of a people united in purpose” during the EDSA revolt in February 1986 while highlighting such similar strength in the face of calamities last year. “Twenty-eight years ago today, the Filipino people came together to end the tyranny of dictatorship without spilling blood. It was a historic moment for our national identity and an enduring reminder of the true might of a people united in purpose,” the President said. “The last vestiges of a culture of self-interest, however, linger; to this day we fight to restore integrity and accountability as the bedrock principles of our government,” he said. He noted that his administration has started to back honor and dignity in public service while seeking confidence to achieve “even greater heights of prosperity.” Nearly three decades since the EDSA revolt, the President said the world has again borne witness “to our strength in the face of adversity” following the onslaught of super-typhoon “Yolanda.” “Compassion and solidarity guide us; though we mourn, we strive to build our communities even better than they were before,” said the President who will mark EDSA Day in disaster-hit provinces on Tuesday. Aquino emphasized that the nation’s struggle for inclusiveness and a just and equitable prosperity is still relevant. “Let us work together to build sturdier foundations and create greater opportunities for our collective advancement. May our deeds embody the excellence and victory we seek, and allow us to fulfill our collective aspiration of a peaceful, robust, and progressive Philippines,” he added. Breaking the annual tradition to celebrate EDSA Day in Metro Manila where the revolt occurred, President Aquino is scheduled to celebrate on Tuesday the EDSA anniversary rites with the calamity survivors in the Visayas. The province of Cebu will be the President’s first stop on EDSA Day before travelling to calamity-hit Guiuan, Eastern Samar and Tanauan, Leyte, to hold town hall meetings. He will also visit typhoon-ravaged Tacloban before flying back to Manila. (With a report from Genalyn D. Kabiling) How to 'power' Africa: A trillion dollar question? News: Africa-EU Energy Partnership By Richard Jones on 24 February 2014 Over $40 billion needs to be mobilized each year until 2040, if targets on access to modern and sustainable energy for 250 million people across Africa are to be met. That’s the estimate Gary Quince, the European Union’s Special Representative to the African Union, gave last week during the opening session of the Second High-Level Meeting of the Africa-EU Energy Partnership in Addis Ababa, Ethiopia. Quince noted that the majority of this investment is to expand generating capacity — but would also be needed for regional transmission and integration in the power sector. The two-day AEEP meeting — hosted by the Ethiopian government and the African Union Commission — gathered African and EU ministers, as well as representatives from the European Commission, international organizations, the private sector, academia and civil society to discuss Africa-EU cooperation on energy and accelerate action on the energy challenges facing the two continents. The meeting concluded with a statement that acknowledged the contribution of various national, regional, bilateral, multilateral and non-state actor initiatives and a broad agreement on four key issues: Addressing energy challenges and meeting AEEP and U.N. Sustainable Energy for All targets requires a “holistic perspective” and — with the issue set to be high on the agenda at April’s EU-Africa Summit in Brussels — calls on participating heads of state and government to provide “political leadership” on energy, take “ambitious decisions” that build upon AEEP progress, and ensure an “integrated approach” to addressing issues around access to energy, water and food.
The declaration also contained a number of recommendations for accelerating access to sustainable energy on both continents, among which it calls for:
What next for Egypt? By Avi Asher-Schapiro This month marks three years since Hosni Mubarak resigned as Egypt’s president. But what does the future hold? GPS intern Avi Asher-Schapiro speaks with Shadi Hamid, a fellow at the Project on U.S. Relations with the Islamic World at the Brookings Institution's Saban Center and author of the forthcoming book Temptations of Power: Islamists and Illiberal Democracy in a New Middle East, for his take on what to look out for. What do you make of the current political climate in Egypt? Are we in the midst of a democratic transition or witnessing the return of authoritarianism? You have to be patient with democratic transitions in general. The problem in Egypt is that there is no democratic transition at all. So there’s really nothing to be patient for. If you believe that autocracies like the current military backed government in Egypt are by their very nature not permanent, then yes Egypt will eventually get better. But there’s no real reason for optimism at this moment; I don’t think patience is much in order. So we have to start asking: how bad can things really get in the short term? How long can a military regime in Egypt last? And how ugly will its removal or fall be?
Three years ago, many Egyptian were understandably optimistic about their political future. In retrospect too optimistic, but they had good reasons to be that way. It was going to be difficult and messy, but the basic trajectory was in a positive direction. But once the military coup took place over the summer [when the military deposed Muslim Brotherhood elected President Mohammad Morsy] it was inevitable that you would see the subsequent events: mass killings and repression. What do you make of the head of the Egyptian armed forces Field Marshall Abdel-Fattah El-Sisi? Many are predicting he will run for President of Egypt. What’s your take? El-Sisi has no choice but to run now. He will face a public backlash if he chooses not to. There’s so much desire for a strongman figure, for him not to run would undermine his popularity and long-term credibility. This, of course, is the danger with populist sentiment. El-Sisi himself is responsible for drumming up a frenzy of popular support and he actively pushed and encouraged the myth-making. He created his own monster. The problem when you play with public sentiment is: what happens when you lose control? But really his candidacy is inevitable and there are no civilian alternatives who people are excited about. So should we expect a military government in the long-term? The current popular sentiment in Egypt goes something like this: a military government is not ideal but we have no other alternative. In my view, there’s a real political culture problem here. Egyptians tend to look to the military as a kind of savior in tough times and there exists an obsession with the state – capital S. Egyptians see a lack of stability and they turn to the state as a protector, in particular to the military. This is all despite the fact that the Egyptian military has registered very few tangible successes since the 1950s. You would think after decades of failure, Egyptians would wean themselves off this notion. But that hasn’t happened yet. Just a year ago, the Muslim Brotherhood governed Egypt. Now many of the group’s leaders are in jail while the rank-and-file protest the military-backed government. What’s next for the movement in Egypt? It’s clear that the Brotherhood has no short term future in Egyptian electoral politics because the new military-backed regime will not let them back in. In my view, the Brotherhood is beyond the point where it will accept a few seats in the next parliament as consolation. They were in power, that’s the baseline here. I do see a potential gap between the leadership of the Brotherhood and the grassroots rank-and-file. Many of the latter see continued protests as their only way going forward. Even if the leadership wanted to tell the grassroots to give up the fight, to stop protesting, there’s a degree of inflexibility on the street level. But I don’t think the Muslim Brotherhood can be destroyed. Historically, it’s a largely cohesive hierarchical organization with strong loyalty on the part of its membership. They have a tradition and mythology of self-sacrifice they are willing to do that for many years to come. Egypt’s economy is struggling. Tourism is faltering and this past week the Ministry of Finance reported that overall investment was down 7.3 percent. GDP growth has fallen to just 1 percent. Does the current government have a plan to fix the economy? We know that the Egyptian military isn’t good at running an economy. We’ve seen that under military rule in 2011 and 2012. Part of the problem is the military is bound by populist sentiment, and it’s just too risky to go against it. It’s very unlikely that the sitting government will feel comfortable angering a broad swathe of Egyptians when it comes to tough issues like subsidy reform and structural adjustments. The big picture here is we can’t separate the economic issues from the political. If you have political instability, it undermines the government’s economic policy and visa-versa. In the meantime, Egypt has been leaning on Gulf countries for economic support. While that aid is critical, it’s not a solution for long-term development. Gulf aid is just budgetary support which plugs the short-term gap. Egypt needs strong, confident, bold leadership to address its economic problems and I don’t’ see that coming anytime soon.
First of all, the U.S. hasn’t had an Egypt policy to start with. There isn’t even a semi-coherent approach to Egypt and there’s no willingness to develop one. This stems from the administration’s overall philosophy. They don’t want to be more involved in the region; they want to be less involved. Their thinking is: engage where we must and disengage when we can. We know that Secretary of Defense Chuck Hagel has called Field Marshall El-Sisi over 30times since the coup last summer. But those calls are divorced from any broader agenda. The Obama administration has never been serious about applying real pressure on Egypt and that’s why we have yet to see a discussion about suspending any significant amount of aid for any reasonable amount of time.
A less autocratic, less repressive, more inclusive Egypt should be a priority not just because of the moral aspect; a more autocratic Egypt means a less stable Egypt in the medium to long-term. Egypt can only be stable if the government is inclusive, responsive, and accountable to its own people. Autocracies can seem stable. But that is an illusion that won’t last forever. It’s only a matter of time until these “stable autocracies” begin to fall apart. That should have been the main lesson from the Arab Spring, but unfortunately that lesson hasn’t yet been learned.
Post by: CNN's Jason Miks Kuwait’s year of progress 20 February 2014, By Adal Mirza A new parliament has meant several high-profile contracts have now been awarded in the country For much of the past decade, international companies operating in the major projects sector have found Kuwait a frustrating market in which to do business. The problem, they say, is too much democracy, as deep disagreements between politicians in the elected National Assembly, which makes the country’s legislation, and the appointed government, which sets policy, have repeatedly derailed capital spending programmes. Every year, it seems, the country sets out a long list of ambitious development schemes and every year, the outcome has disappointed. The list of major projects brought down or severely delayed over the past decade by Kuwait’s political disagreements includes the $17bn K-Dow petrochemicals joint venture between the US’ Dow Chemical and Kuwait Petroleum Company (KPC), the $12bn Clean Fuels Project (CFP), the $90bn Silk City real estate project, $15bn-worth of plans for a fourth oil refinery, the $2.6bn Subiya Causeway, and the $1.4bn Al-Zour North independent water and power plant (IWPP). The list goes on.
There are good reasons to believe this year will be different. The latest set of parliamentary elections, held in July last year, were boycotted by opposition groups and, as a result, have changed the complexion of the National Assembly. By refusing to take part in the latest elections, the opposition groups have now found themselves without their biggest platform to push their agenda. The significance of this change in Kuwait’s political landscape for the projects market was confirmed on 10 February, when the Central Tenders Committee confirmed the award of three engineering, procurement and construction (EPC) deals worth a combined $12bn for the long-delayed CFP. As well as including the single biggest oil and gas EPC contract awarded in the GCC, the CFP awards is a sign that Kuwait is back in business. Under development since 2007, the CFP has suffered several delays before finally being tendered in May 2013. The entire project will increase the capacity of Kuwait’s refineries to 800,000 barrels a day (b/d) from 736,000 b/d currently, and also raise the standard of its products. Quick progress to construction will demonstrate that things have changed in Kuwait’s projects market. There are signs of progress in other sectors too. Work started on the $2.6bn Subiya Causeway scheme in October, more than seven years after its launch in 2006. The 37.5-kilometre bridge will cross Kuwait Bay, linking Kuwait City with the Subiya promontory and Bubiyan Island, where a major port is being built and a number of tourism projects are planned. “It is difficult to take a view on whether there will be progress as the problem is so fundamental” David Roberts, Royal United Services Institute Construction work has also started at the Al-Zour North IWPP, a 1,500MW combined-cycle plant that is the country’s first IWPP and a test case of the willingness of the private sector to back projects in Kuwait. The $1.4bn deal was finally signed in December, having originally been launched in 2010. It took the project sponsor, the Partnerships Technical Bureau (PTB) until January to sign the construction contracts, after almost a year of commercial negotiations. But despite the recent progress, there are still reasons to treat Kuwait’s projects market with caution. Just two months after the signing ceremony on 12 December, the Al-Zour scheme is facing a new set of problems. In early February, parliament formed a committee to launch probes into various government deals, including alleged irregularities in the Al-Zour award. Troubling signs The National Assembly initially launched the investigation in February 2013, but was dismissed by the Constitutional Court before it could be concluded. Many in parliament recommended the deal be scrapped entirely. The investigation has now been relaunched, highlighting the ongoing risks to Kuwait’s major infrastructure projects, even after contracts have been signed. “The investigations into the Al-Zour IWPP are part of the internal politics of Kuwait,” says one Kuwait-based analyst. “It is an issue between the major families represented in parliament. But it shouldn’t derail the whole process.” It is not the only warning sign. Kuwait’s other major downstream project, the construction of the 615,000 b/d New Refinery Project (NRP), is facing delays while state refiner Kuwait National Petroleum Company (KNPC) completes studies into design changes. KNPC has selected several EPC groups to bid on some of the scheme’s packages, but has not announced who will bid for the refinery’s main process plants, despite receiving applications almost a year ago. KNPC’s parent company, KPC, is still conducting studies into integrating two petrochemicals facilities into the refinery site. “This part has not been approved by the [Supreme Petroleum Council] yet, and it could take nine more months to get to a tender,” says the analyst. Despite the apparent progress, KNPC has tendered the NRP twice before, only to cancel it after deals had been awarded. Nevertheless, this time there is greater optimism. “The CFP will go ahead; it is a great project and a good investment,” says the analyst. “Hopefully, it can provide a new direction for Kuwait. This is KPC’s second attempt at the NRP. They have begged contractors to come back to bid and there is a lot at stake. But until they break ground, no one can say it is 100 per cent.” The key reason for the delays rests largely with the ongoing impasse between the executive and legislative branches of Kuwait’s government, which has become the key theme of the country’s political discourse over the past decade. The National Assembly is always eager to exert itself and sees public spending and projects as a key area of opposition to the government, leading to protracted clashes. “Parliament has been relatively quiet and this could be the start of a healthier era of governance for Kuwait,” says David Roberts, a director at the Royal United Services Institute, a think-tank based in Doha. “People are certainly pushing for it. But the country is still beset by these issues. It is difficult to take a view on whether there will be progress as the problem is so fundamental.” It is now a decade since either parliament or government completed a full four-year term in Kuwait, with the legislative body often dissolved by the emir before new elections are held and the process starts again. Continuity at the ministries is difficult to maintain in this environment. Several solutions to the deadlock have been proposed over the years, ranging from constitutional reform or the introduction of political parties, but with little progress. In the meantime, Kuwait has lurched from one crisis to another, with occasional but usually brief respites. The latest elections on 27 July were boycotted by opposition groups and the turnout was low. In contrast to the past two national assemblies, which were dominated by opposition figures and pro-government loyalists, the new parliament is made up of a broader spectrum of Kuwaiti groups. The latest government shuffle came at the beginning of January, the fifth reshuffle in the cabinet since Prime Minister Sheikh Jaberal-Mubarak al-Sabah was appointed in December 2011. The cabinet includes seven new ministers including two from the National Assembly and four Islamists, one of whom is Ali al-Omair who has taken over at the Oil Ministry. Plenty of risks Parliament looks set to be stable for a while, following a ruling made by the Constitutional Court in December, which denied the latest petition questioning the legality of the last dissolution. There are still plenty of risks however, according to Kristin Diwan, assistant professor of comparative and regional studies at the American University School of International Service in Washington. “Even with the main opposition boycotting the [recent] election, it seems clear there are a few members who are still making ‘defence of public funds’ their priority,” says Diwan. “How strong their case is will only reveal itself as these projects move forward.” So, while there is good reason to be optimistic about the prospect for the year ahead, Kuwait is not entirely out of the woods yet. Less than two weeks after receiving approval, the CFP is already under scrutiny by the National Assembly. One member of parliament, Khalil Abdul, submitted questions to the oil minister on 16 February regarding the number of jobs the scheme is expected to create for Kuwaitis, suggesting it was not good value for money. Answering the questions should be simple enough, but they raise the prospect of further objections and challenges to the country’s infrastructure plans. The challenge for the government will be to establish sufficient momentum during this relatively quiet period to push schemes on, and to outlast any return of political opposition to the parliament.
19 February 2014, By Jeff Florian Kingdom Tower in Jeddah set to be tallest building in the world The news this week that a local contractor has begun mobilising to build a 106-storey residential building in Dubai will help ensure the Middle East remains a prime location for super-tall towers. The region currently has 10 of the top 30 tallest completed towers in the world, with more set to join the ranks of the world’s highest buildings, according to data from the Skyscraper Center. First on the list is the 828-metre-high Burj Khalifa in Dubai, which became the world’s tallest building when it was completed in 2010. The second-tallest building in the world – the 608-metre-tall Mecca Royal Clock Tower – is also in the Middle East. The next tallest buildings in the region are Dubai’s Princess Tower and Kuwait’s Al-Hamra Tower, both of which are 413 metres high. Other buildings in the Middle East that are among the 30 tallest in the world are 23 Marina, Elite Residences, Almas Tower, JW Marriott Hotel and Emirates Tower, all of which are in Dubai. Regional contractors were employed to build many of these towers, including Dubai-based Arabtec Construction, which built Burj Khalifa, and Saudi Binladin Group (SBG), which constructed the Mecca Royal Clock Tower. There are two other 100-storey-plus towers at the design stage in Dubai. The tallest is the 660-metre-tall, 115-storey Burj 2020. The project client, Dubai Multi Commodities Centre (DMCC), expects construction work on the project to start in 2015. The tower has been designed to be the world’s tallest commercial tower. The other planned tower is the 520-metre-tall, 110-storey Entisar tower. By far, the tallest building under construction in the region is Kingdom Tower, which is being built by SBG in Jeddah. The tower is designed to be more than 1,000 metres tall, encompassing a total construction area of 530,000 square metres. The building will have 200 floors in total, 160 of which will be habitable. Its preliminary cost is set at $1.23bn and it is set to overshadow Burj Khalifa by at least 173 metres. This week, SBG said it has appointed Lebanon’s Advanced Construction Technology Services (ACTS) to carry out quality control checks on the construction materials to be used on the project. ACTS said it will be mobilising the latest equipment to conduct the third-party testing works on about half a million cubic metres of concrete and 80,000 tonnes of steel that will be used on the megaproject. Middle East contracts awarded: January 2014 16 February 2014, 11:13 GMT Over $17bn awarded in January in the Middle East The contract awards in January were dominated by a $6.04bn contract secured by South Korea’s Hyundai Engineering & Construction for the engineering, procurement and construction (EPC) of a new refinery at Karbala in Southern Iraq. Hyundai Engineering & Construction leads the consortium along with GS Engineering & Construction, SK Engineering & Construction and Hyundai Engineering, all of South Korea. The project client is the State Company for Oil Projects (Scop), a subsidiary of the Oil Ministry. The 140,000 barrel a day (b/d) refinery is one of five new downstream facilities planned by the government to increase its refining capacity by more than 700,000 b/d by 2019. The construction period is expected to last 54 months, ending in the middle of 2017. France’s Technip carried out the front-end engineering and design for the scheme and is the project management consultant. The only other $1bn-plus contract was awarded in Jordan. Dubai-based Arabtec Construction has won a AED5.7bn ($1.55bn) contract for construction of the kingdom’s first themed tourist destination. The Red Sea Astrarium will be an integrated entertainment, hospitality, and leisure resort located in Aqaba. Spanning 184 acres, the development will offer four international luxury hotels offering over 2,000 rooms. These include a themed boutique hotel, a 5 star hotel, a family leisure hotel, and a hotel specialising in meetings and conferences. The entertainment park will also feature retail, dining and entertainment waterfronts overlooking a man-made lagoon. The waterfronts will have a number of unique entertainment attractions including a 4D cinema, Adventure Centre, Theatre, Water park and a signature Star Trek immersive experience, created in collaboration with Paramount Parks & Resorts and CBS Consumer Products. Major awards were also made on key projects in the GCC. On the Waad al-Shamal project in Northern Saudi Arabia, Saudi Arabian Mining Company (Maaden) awarded three contracts worth a total of about $2.3bn for its proposed $7bn phosphates mining city, China Huanqiu Contracting & Engineering Corporation (HQC) won the beneficiation package in a deal worth $554m. The package involves building the process facilities that separate the phosphates from the surrounding rock after being mined, and will have a capacity of 5.3 million tonnes a year (t/y). Canada’s SNC Lavalin in a consortium with China Petroleum & Chemical Corporation (Sinopec) was awarded the sulphur plant/power and utilities package after a bid of about $762m. The sulphur facility will have a processing capacity of 4.9 million t/y. South Korea’s Hanwha Engineering & Construction was awarded the $933m phosphoric acid plant package. The plant will have a capacity of 1.5 million t/y. The mining city is being built so Maaden can fully utilise the phosphates from its Al-Khabra mine. The scope of works for the city will include a mining component, as well as eight different processing plants and a utilities and offsites package. In Qatar, the Public Works Authority (Ashghal) awarded seven contracts worth a total of $2.7bn for a series of road projects across the country. The largest is a $934m contract awarded to the joint-venture of Turkish firms Dogus Holdings and Onur Construction to upgrade the section of Al-Rayyan Road that stretches from west of the Olympic Roundabout to the west of the New Al-Rayyan Roundabout. The other $500m-plus deal was a $879m contract awarded to a joint-venture of Cyprus-based J&P (Joannou & Paraskevaides) Overseas and Greece’s J&P Avax for the design and construction of the first phase of the New Orbital Highway. There were two other $500m-plus awards in January. In Saudi Arabia UAE-based Ruwad Construction Company won the estimated $800m contract to build the fourth phase of the Jabal Omar Development in Mecca, Saudi Arabia. In the UAE, Dubai-based Arabtec Construction secured a $706m contract to build a mixed-use development on Abu Dhabi’s Reem Island. The project includes building a 61-storey residential tower, featuring 613 furnished apartments and 15-storey C-shaped tower that will host a five-star hotel offering 400 guest rooms and 200 serviced apartments.
6 February 2014, By Ed James With Middle East governments committed to 2020 power targets, the renewables sector is set to grow
The Middle East has been slow to adopt renewable energy. This is not particularly surprising given the region’s massive hydrocarbons wealth. However, over the past five years there has been a dramatic change in countries’ approach to the sector. Strong population and economic growth, the declining availability of oil and gas for power generation, a growing environmental awareness, and the desire to capitalise on technological trends to create local employment are pushing governments to adopt renewable energy strategies. At present, most existing renewable capacity comes in the form of hydroelectric power plants with a total capacity of 15,200MW. Of the remaining renewable power capacity in the Mena region at the end of 2013, wind was by far the largest segment, totalling 1,038MW. Installed solar capacity, excluding the thermal elements on integrated solar combined-cycle schemes, stood at just 271MW. This is set to change considerably in the years ahead, as governments ramp up investment in alternative power projects. It is estimated that more than half of the 37,400MW new-build capacity will be sourced from solar energy. Photovoltaic (PV) technology currently constitutes the majority of operating solar projects in the region. However, concentrated solar power (CSP) is gaining traction especially for larger schemes, and is expected to equal PV in terms of installed capacity by 2020. Solar energy is the main focus for investment in the GCC states where the wind profile is not as advantageous. In North Africa, solar and wind will be the two most important sources of alternative power. The 2020 renewable energy targets are highly ambitious, however, and it is unlikely they will all be met. In the main, this is due to a lack of the right regulatory frameworks and fiscal incentives in most countries of the region. Financing is also a challenge. Without implementing policies such as feed-in tariffs and tax incentives, governments will struggle to attract investment in their renewable energy sectors. This is already the case with most renewables schemes, with few moving to schedule. Bureaucratic, financial, technological and regulatory issues are the chief reasons for this, underlining the need for governments to take a cohesive, committed approach to sustainable energy. Nonetheless, even if only half the target is achieved, this will still represent a significant step-up in investment in renewable energy schemes and mark a huge change in the region’s approach to power generation. Just as importantly, it bodes well for further development up to 2030. The country with the most ambitious target is Saudi Arabia. It is aiming to install 23,900MW of renewables capacity by 2020 compared with almost nothing today. Of this, at least 10,000MW is intended to be in the form of solar energy, with the ultimate figure dependent on the procurement process. The initiative is being overseen by the King Abdullah City for Atomic & Renewable Energy (KA-Care). The KA-Care programme is by far the most ambitious in the region and one of the biggest of its type in the world. However, the programme is already nearly a year late under the schedule proposed by its draft white paper published in early 2013, and there are concerns over when or if it will go ahead. Egypt, Algeria and Morocco are the three states with the next highest ambitions. Egypt, which already has 3,370MW of installed renewables capacity, is looking to grow that fourfold to 12,000MW over the next seven years, primarily through the construction of wind farms, although solar will also play a role. Morocco is perhaps the most advanced nation in the region in terms of solar energy development. Its first CSP project is off the ground and 200MW of additional solar power is under procurement, which when completed will give it the largest solar capacity of any state in the Mena region. The Algeria renewables experiment remains stymied by political issues and accusations of corruption in the energy sector. Should it overcome these issues, the government has the finances and resources to deliver substantial uplift in its solar energy plans. Economic diversification For most Arab states, raising the contribution of solar power in the energy mix is only one part of the renewables drive. Increasingly, governments see the capacity push as nurturing new solar-related manufacturing, which will not only create much-needed employment, but also assist in economic diversification. To date, the largest investments have been in the first polysilicon plants in the Gulf, while in North Africa, the focus has been on PV panels manufacturing. The rise of renewable energy is one of the most important global energy trends since the commercial development of crude oil The rise of renewable power is one of the most important global energy trends since the commercial development of crude oil began more than 150 years ago. According to the Renewables 2012 Global Status Report published by the REN21 international policy network last year, renewable energy sources, including hydroelectric, already account for 16.7 per cent of global final energy use. The Paris-based International Energy Agency (IEA) estimates that global electricity production from renewables will grow from 4,860 terawatt hours (TWh) in 2012 to 6,850 TWh a year in 2018, an increase of more than 40 per cent. Over the same period, total global renewable energy generating capacity is expected to grow from 1,580GW to 2,350GW, equal to 25 per cent of gross power generation. Longer term, Germany’s Siemens estimated in 2012 that the share of renewables, including hydroelectric ,will grow to 28 per cent of the total energy mix in 2030. So far, the Middle East’s involvement in this trend has been limited. Interest in developing renewables has been muted until recently. There is practically no domestic political pressure for the adoption of sustainable energy. In contrast, the priority for most governments has been to invest as quickly as possible in power generation capacity, which has led to a huge increase in hydrocarbons production volume and carbon emissions in the past 30 years. Only Jordan and Morocco lack significant hydrocarbon resources. The rest, for most of the recent past, have been content to use a growing amount of hydrocarbons in electricity production. The main exception is Egypt, which has a long history of capitalising on renewable energy resources: it has substantial hydrocarbon reserves, but these are declining. Wind power has been on the country’s agenda for more than two decades. Change is now coming, however. The main new factors encouraging the use of renewable energy are the growing efficiency of renewable power generation units and worries among leading oil producing countries that present trends in hydrocarbons use in electricity production are unsustainable and, in some countries, will start eroding export earnings. This is the motivation behind the renewables programme in Saudi Arabia. The desire to be seen to be conforming to global efforts to cut carbon emissions is a bigger issue for the UAE and, more recently, Qatar. Another factor is the belief that renewable energy, and solar power in particular, could become a major source of export earnings, particularly for Mediterranean Middle East nations. Development potential Furthermore, the potential for renewable energy in the Mena region is considerable. It has an established hydropower system, significant wind resources, some of the highest solar irradiation levels in the world, as well as vast tracts of uninhabited desert to build capacity on. The solar potential is particularly enormous. Technically, the region could meet its own and the rest of the world’s power requirements through solar energy: in Oman, studies have shown that CSP infrastructure covering just 0.1 per cent of its land mass would generate sufficient power to meet the sultanate’s annual electricity demand.
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