1. ACTIVITY IN MIDDLE EAST –
GULF MARKETS
AND
For Further Information, contact:
Tradex Exhibitions Ltd
e-mail: sales@tradex.co.nz
Tel: +64 9 357 6000
Fax: +64 9 377 9300
2. TOPICS
• LOCATION & POPULATION
• TRADING BACKGROUND
• MAJOR DEVELOPMENTS
• THE HOTEL &TOURISM
• THE AIRPORTS
• ENERGY, OIL & GAS
• ENVIRONMENT AND WATER
• SHIPPING AND TRANSPORT
• INDUSTRY
• THE BUILDING AND CONSTRUCTION
• IRAQ – THE REBUILD
• THE BIG 5 SHOW
12. MAJOR PROJECTS 1
Dubailand Dhs 18 Billion (US$4.93 Billion)
Dubailand’s Unique Features
Water Park: The Aqua Dubai Water Park will be the region's
most thrilling water park. It will sprawl over more than 1 million
square feet and will feature in excess of 60 water-based fun
activities.
Resort: The Aqua Dubai complex will feature a luxurious and
especially designed 500-room resort for water enthusiasts.
Spa; Water Shows; Aquarium; Dolphinarium; Museum;
Submarine Ride; Water Show:
13.
14. Dubailand Projects at a Glance
Dh
Million
Dh
Million
Million
Sq Ft
Dh
Million
Dh
Million
Million
sq Ft
Attractions & Experience World 6800 Gardens World 750 13
Pharaohs Park 800 20 Dinosaur World 200 2
Space & Science World 400 10 Bio World 400 3
Space Hotel 400 2 Sand Dune Hotel 430 2
Giants World 50 4 Sandstone Villa 1300 33
Kids World 500 7 Camp World 80 5
Global Village 200 19 Desert Safari 100 10
Aviation World 150 4
Tourism Park 150 5 Themed Leisure & Vacation World 3600
Film World 250 7 Andalusian Resort 250 2
Desert World Theme Park 600 20 Womens World 150 2
Arabian Theme Park 2000 34 Wonders World 1700 50
Dubai Sunny Mountain Ski Dome 1000 1.4 Holiday World 1500 50
Aqua Dubai Water Park 750 2.7
Castles 100 2.5 Retail & Entertainment World 2400
Mall of Arabia 1500 6
Sports & Outdoor World 2500 Factory outlets 350 6
Extreme Sports World 50 2.5 Auction World 100 9
Dubai Sports City 1700 50 World Trade Park 408 20
Dubai Autodrome 400 32 Flea Market 50 1
Polo World 50 2
Golf World 300 75 Downtown 2200
Iconic Towers 800 1.6
Eco Torism World 4220 Dubai Walk 1000 2.4
Petting Zoo 10 3 Virtual Games 50 1
Animal World 200 5 Teen World 100 1
Plantation Equestrian & Polo Center 100 14.5
Dubai Heritage Vision 450 45
Science & History 200 1 Total 21,720
15. MAJOR PROJECTS 2
The Palm - UAE
Dubai Palm Developers own and operate this US $4
billion project which involves the creation of two
man-made islands - The Palm Jumeirah and The Palm
Jebel Ali. Each island will eventually support 50
luxury boutique hotels, 2500 exclusive residential
beachside villas, up to 2400 shoreline apartments, two
marinas, water theme parks, restaurants, shopping
malls, sports facilities, health spas and cinemas.
16. The Palm, Jebel Ali will be positioned 22 kilometres
from The Palm, Jumeirah and is set to provide even
more of an escape atmosphere for both residents and
tourists alike
17.
18.
19.
20.
21. MAJOR PROJECTS 3
Qatar signs deal to build a $5 billion new airport
The airport will be one of the biggest in the world with
an annual capacity of 50 million passengers in Qatar
when it is finished around 2015
. It will include reclamation of a large area of land from
the sea, the construction of two parallel runways and a
passenger terminal with 25,000 square meters of retail
space, a special royal terminal, a cargo terminal with a
capacity of 750,000 tones per annum, a free trade
zone and three hotels.
22. MAJOR PROJECTS 4
Dubai's great shopping mall race
The Majid Al Futtaim Group and Emaar Properties are competing to build Dubai's
best and biggest shopping mall.
Al Futtains: The Mall of the Emirates will measure over 6.5 million square feet in
total area and 2.4 million square feet in leaseable area. It will house 350 shops, a
huge hypermarket, a 12-screen cinema and parking for over 7,000 cars. As well, the
mall will include the world's biggest indoor ski resort, which will feature real snow.
Emaar, the government-owned real estate giant, announced its complex will have the
world's tallest tower as well as the world's largest shopping mall, sitting side by side.
Mall of the Emirates project, a 9 million square feet shopping colossus, will be an
integral part of the Burj Dubai development. The scheme will include a five million
square foot mall, residential and retail amenities. The mall itself, equivalent to the
size of more than 50 international-class soccer pitches, will be the largest shopping
space in the world, bigger than Edmonton Mall, Canada, and much larger than the
Mall of America, in Bloomington, St. Paul, Minnesota.
These two malls – which between them will add nearly 5 million square feet of retail
space (set to rise 4 fold by 2010 to >20million sq feet)
23. MAJOR PROJECTS 5
Burj Dubai - UAE
EMAAR Properties will soon
begin construction on the
world's tallest tower - Burj
Dubai. The tower will combine
a 5-star hotel with residential,
commercial, entertainment and
leisure outlets. Water features
and pedestrian boulevards will
create an 'old town' alongside
one of the world's largest
shopping malls.
The project will create a new
architectural landmark – a city
within a city!
Size – closely guarded secret
but expected to be between
560m to 800m
24. MAJOR PROJECTS 6
The Pearl of the Gulf, Qatar's largest real estate project
It will eventually cover 400 hectares of reclaimed land
and house some 30,000 people in a multi-cultural
residential and commercial community.
Project US$2.5 billion
25. MAJOR PROJECTS 7
Dubai Festival City - UAE
Owned by the Abdulla Al Futtaim Group, this massive US $4
billion project comprises a luxury hotel, convention hotel,
family hotel, serviced apartments, 55-storey tower, 8000 seat
amphitheatre, 80 restaurants, shops, cinemas and offices, built
around 4 giant waterfalls and an 18-hole golf course.
Completion is expected in 2019.
28. MAJOR PROJECTS 8
The World
Development - UAE
The Nakheel Corporation have
announced plans to develop a 'mega
resort' consisting of 200 islands,
clustered to represent a map of the
world. Positioned 5 km off the coast of
Dubai, 5km off the coast, 60 million sq
feet, including 10 million sq ft of
beach.
This US $1 billion project will be
completed by 2008.
29. MAJOR PROJECTS 9
Dubai Pearl Project - UAE
The Dubai Technology, E-Commerce and Media Free Zone will
house 3 new hotels by 2006. Billed as the largest privately
owned project in the UAE and one of the largest construction
projects in the world, the 3 hotel projects will collectively total
1500 rooms. One hotel will have Movenpick branding,
developed by Omnix in partnership with Saudi Arabia's Prince
Alwaleed bin Talal's Kingdom Holdings. The project will also
include over 2000 residential units, theatre, 1800-seat opera
house and a technology centre.
Dhs 3 billion Project (US$822 million)
30. MAJOR PROJECTS 10
Dubai Marina – UAE
To be completed in 2013
US $4 billion EMAAR
Properties project includes
20 hotels and an extensive
marina.
31.
32.
33.
34.
35.
36. Value of Major Projects Above
Other Major Projects US$
Dubailand 4930
Qatar Airport 5000
AL Futtaim mall 830
Mall of Emirates 5000
Qatar The Pearl 2500
US$18,260,000,000
38. TOURISM AND HOTELS
Qatar plans $4 billion investment in tourism
The gas-rich Gulf state of Qatar is planning to invest more than $4 billion into
projects promoting tourism. “We are going to spend more than $4 billion on
the construction of tourist and cultural facilities over the next years, including
a new airport whose cost is estimated at $2 billion,” said Sheikh Abdullah
Ben Ahmad Al Thani.
He said the investments were aimed at making Qatar a “tourist, cultural, and
sporting” destination in the Gulf. In July, Qatar Airways took control of the
management of Qatar National Hotels company to develop the tourism sector
in the emirate, which has the world's third largest natural gas reserves and
aims to become the top exporter.
39. TOURISM AND HOTELS
Hydropolis Hotel
The project is nothing if not ambitious. Constructed from a combination of concrete,
steel and clear Plexiglas, Hydropolis will be the world's first underwater luxury hotel.
It will offer 220 suites, all sitting on the Persian Gulf floor 66 feet (20 meters) below
the surface. "I am sure that this project will create an international sensation and will
also be the beginning of a new era in architecture," Joachim Hauser, the German
architect and investor who's spearheading the project, said at last month's project
announcement in Dubai.
Covering 27 acres (10.8 hectares), the project will feature architecture that's nothing
if not attention-grabbing. The design includes three linked elements: a wave-shaped
30,000-sq.-m)above-ground "land station" and the jellyfish-shaped 75,000-sq.-m.
underwater hotel, linked by a submerged transparent train tunnel that's 515
meters long. Project cost US$550 million
41. TOURISM AND HOTELS
Habtoor Group invests $490m in projects
The UAE-based Al Habtoor Group is investing Dh1.8 billion in various projects,
including hotels, buildings and facilities in the UAE and Lebanon.
The group is investing in two projects in Beirut - a hotel and a theme park. It has
five properties in Dubai, two in Lebanon and one in London.
Bahrain unveils $600m project
Gulf Finance House (GFH), the investment back, is the sole promoter in a $600
million tourism and residential project in Bahrain due for completion in 2007.
Split into four phases, the Al Areen Desert Spa and Resort will come up in the
south of the island state, and will feature themed hotels, an aqua park and villas.
42.
43. TOURISM AND HOTELS
Fujairah in talks to finalise plans for beach resort
The Fujairah Government is negotiating with a foreign investor to build a four-star,
60-room hotel and another 30 chalets on the Fujairah Corniche in cooperation with the
Fujairah International Marine Club.
Palm mall work to start in 2004
Work on the Souk Palm shopping and apartment complex on Palm Jumeirah is due to
start in the summer of 2004, says George Khoury, vice-president
Oman signs deal to build two hotels to lure tourists
A 2.5 million riyal deal to build two resort hotels was signed by the Muscat
government yesterday to spearhead its plan to boost tourism.
44. TOURISM AND HOTELS
Madinat Jumeirah Resort –UAE
A US$500 million project for Two 300-room 5-star hotels 'Port Al Salam' and 'Al Qasr' and
clusters of 340 rooms and suites in courtyard villas. A 3-km water-way that flows through the
entire area will allow guests to access all facilities using traditional abras. Will feature the
largest and most versatile spa in the ME region, a convention centre, a souk and over 20
restaurants and informal cafes
Conference Palace Hotel Kempinski - UAE
This US $400 million Abu Dhabi Government project includes the construction of a hotel and
convention centre, to include 6 royal suites, ministerial suites and 400 guest rooms. It will house
the largest conference facilities in the region and will be built in the style of an ornate oriental
palace.
Sammaliah Island Resort - UAE
This project is part of a US $110 million master plan to redevelop Sammaliah Island in Abu
Dhabi, to be carried out by the Public Works Department, involving the construction of a major
hotel and a number of holiday chalets. This re-development plan will comprise a scientific
research centre, laboratories, an animal park, camel racetrack, and a sailing centre.
45. TOURISM AND HOTELS
Durrat Al Bahrain Resort - Bahrain
Jointly owned by the Bahraini Government and the Saudi-based Dallah Al Baraka Group, the
US $800 million Durrat Al Bahrain Resort will be a complete, self-contained integrated city. The
project includes apartment buildings, marina & yacht club, exhibition and convention centre,
aqua park, golf course, indoor shopping mall and 2/3 hotels, including one 5-star property with a
minimum of 400 rooms - to be completed in 2006.
'Mini Venice' Floating City Project - Bahrain
YBA Kanoo and Al Saraya Properties will jointly develop this US $1 billion project. To be
constructed by 2008 on an area of 260,000 sq m on the southern tip of Amwaj Islands. This will
include Venetian styled houses and chalets creating a water-based lifestyle community.
Bahrain Financial Harbour - Bahrain
The Bahraini Government and private investors plan to create a US $1 billion district of
financial and investment companies. In addition to a 500 room hotel, the project will include a
convention centre for 2000 people, residential buildings, an opera house and marine facilities.
Construction is due to start in May 2003 and will be completed by 2009.
46.
47. TOURISM AND HOTELS
Messilah Beach Hotel - Kuwait
Owned by Al-Azizah United General Trading & Contracting Co., this US $64 million project is
to be carried out in five packages over a 33-month period. Package 1 will cover construction of a
308-room hotel, 78 apartments, 17 independent two-bedroom chalets, a wedding hall for 2000
people, three restaurants, a two-level car park and related facilities.
Port Ghalib Project – Kuwait
A US$2.2 billion development for Al Kharafi Group of Kuwait which will have 14 new hotels at
Port Ghalib in Egypt.
Barr Al Jissah Resort - Oman
This US $170 million, 714 room resort will be spread over 500 sq km and will comprise three
hotels - deluxe, 5-star and 4-star - offering rooms, suites, restaurants, spa and health club. Other
amenities will include a 800 sq m ballroom, swimming pools, night clubs, poolside
amphitheatre, landscaped gardens, business centre, social club, tennis courts and parking areas.
Managed by the Hong Kong-based Shangri La Hotels & Resorts and owned by the Zubair Corp.
48.
49.
50.
51. TOURISM AND HOTELS
Al Sawadi Tourism Resort - Oman
To be completed in 2005, Al-Sawadi Development & Investment will build a
resort which will include a series of 4-star and 5-star hotels (1080 rooms),
golf course, chalets, restaurants and entertainment facilities at a total cost of
US $308 million.
Al Amir Tower - Saudi Arabia
The US $100 million, 235-metre Al Amir Tower will include a hotel with 245
rooms, 45 suites, 32 luxury suites and a conference hall.
Also in Jeddah, a massive US $1.3 billion Tourist City project is planned.
Jabal Al Kabbah - Saudi Arabia
The Abdulatif Jamil Company's project, 800m from the Holy Mosque in
Mecca, includes 8000 rooms, numerous residential units, 30 restaurants, a
hospital and an education centre.
52.
53.
54. New Chain Hotels in the Arabian Gulf
Chain Ranking Hotels Rooms
Locations (Letting Units, Opening
Dates)
1. Shangri-La 3 1,231
Shangri-La - Dubai (301, 2003)
Muscat (680, 2005)
Trader’s Hotel - Dubai (250, 2003)
2. Travco/TUI 3 1,050
Iberotel - Fujairah (350, 2005)
Fujairah (350, 2007)
Robinson Club - Fujairah (350, 2006)
3. Jumeirah
International
1 940 Dubai (940, 2003-2004)
4. Le Meridien 7 900
Mecca (231, 2003), Abu Dhabi (91,
2003),
Kuwait (90, 2003), Kuwait (90, 2003),
Kuwait (90, 2004), Kuwait (90, 2005),
Dubai (218,2004)
5. Kempinski 3 800
Abu Dhabi (400, 2004), Dubai (150,
2005),
Fujairah (250, 2006)
6. Accor 3 796
Novotel - Dubai (412, 2003)
Manama (134 + 40 chalets, 2004)
Ibis - Dubai (210, 2003)
7. Hilton 3 724
Doha (300, 2004), Jeddah (54, 2004),
Dubai (370, 2005)
8. Movenpick 3 590
Bahrain (120, 2003), Kuwait (20,
2004),
Dubai (450, 2005)
9. Marriott 2 333
Courtyard by Marriott - Kuwait (310,
2003)
Ritz-Carlton - Manama (23, 2003)
10. Four Seasons 1 224 Doha (224, 2004)
11. Golden Tulip 2 210
Khasab (60, 2003), Al Khobar (150,
2003)
12. Starwood 1 170 Four Points - Kuwait (170, 2003)
13. Six Continents 1 134 Holiday Inn - Doha (134, 2003)
14. Rotana 1 85 Al Ain (85, 2004)
Total 34 8,187
Hotels with proposed development plans: Accor (Mercure, Sofitel), Aman Resorts, Bahrain Hotels Company, Dusit Thani, Helnan,
Jebel Ali International, Marriott (Marriott, Ramada, Renaissance), Hilton International (Conrad), Mandarin Oriental, Metropolitan,
Oberoi, Park Plaza, Radisson SAS, Rosewood, Rydges, Six Continents (Crown Plaza, Inter.Continental), Sonesta, Starwood (Sheraton,
St. Regis, Luxury Collection), Steigenberger, Taj. Source: TRI Hospitality Consulting - April 2003
55. Value of Tourism & Hotel Projects
Above
Hotel/Resorts/who
Budget
s Hotel/Resorts/who Budgets
Qatar investment 4000 Durrat Al Bahrain 800
Habtoor group 490 Mini Venice 1000
Bahrain project 600 Bahrain Financial 1000
Festival City 4000 Messilah Beach 64
The World 1000 Port Ghalib 2200
Dubai Marina 4000 Barr Al Jissah 170
Dubai Pearl Project 821 Al Sawadi 308
Burj Dubai 3000 Al Amir Tower 100
The Palm 4000 Jeddah Tourist City 1300
Madinat Jumeirah 500 Jabal Al Kabbah 800
Conference Palace 400 Hydropolis Hotel(underwater) 550
Sammaliah Island 110 Dubai Financial 1000
US$32,213,000,000
57. AIRPORTS
Over US$15 Billion to spend
US$4.2 billion – Dubai – terminal 3 & cargo
US$2.5 billion – Doha – New Airport Complex
US$1.5 billion – Jeddah – Upgrading existing facilities
US$800 million – Bahrain – Airport Terminal Building
US$800 million – Ajman – New airport complex
US$600 million – Abu Dhabi – Airport building and runway
US$500 million – Egypt – Cairo & Sharm El Sheikh airports
US$480 Million – Tunisia – New airport in Enfidha
US$300 million – Kuwait – New terminal
US$280 million – India – New airport at Bangalore
58. AIRPORTS
QATAR TO CREATE REGION'S SECOND
AVIATION HUB
US$5 BILLION ALLOCATED. The Civil Aviation Authority of Qatar recently
awarded a US$2.5 billion contract to US construction giant Bechtel to build a new
airport in Doha. The contract is the first part of a three-phase development, and will be
the world's first airport to be designed and built from the ground up, specifically for the
Airbus A380-800. The entire project is expected to cost over US$5 billion and is due for
completion by 2015.
HOK wins Doha Airport design work
US-based Hellmuth, Obata & Kassabaum (HOK) has been selected as the design
architect for the passenger terminal building on the first phase of the new Doha
International Airport project.
Cairo's terminal 3 goes to bid
Cairo Airport Company has invited prequalified groups of local and international
contractors to submit technical and commercial bids by 8 May for the estimated
US$350 million - 400 million project to build a third terminal at the Cairo airport.
59. AIRPORTS
Prequals due for two Dubai airport packages
The Department of Civil Aviation, Dubai has invited companies to prequalify by the end
of March for two packages on the Dubai International Airport (DIA) expansion.
J & P scoops US$320 million Dubai hanger
project
Cyprus-based Joannou & Paraskevaides (J&P - Overseas) is understood to have been
selected for the main package on the proposed Emirates New Engineering Centre
(ENEC) hangar project at Dubai International Airport.
Morocco terminal tender approaches
Moroccan airport authority Office National des Aeroports (ONDA) is planning to issue a
tender by the end of May for the MD 620 million (US$70 million) contract to build a
third terminal building at Mohammed V airport, near Casablanca.
60. AIRPORTS
Race starts - Dubai airport's phase II
The Dubai Department of Civil Aviation has kick started a race for the last major
multibillion dirham contract under its Phase II expansion of Dubai International
Airport's Terminal 2. The Dubai DCA issued a global invitation, pre-qualifications in
early February to compile a tender list for the terminal's ultimate expansion package
(AX273B), which involves structural, MEP and finishing works. The proposed
expansion of Terminal 2 at Dubai airport will increase the floor area of the existing
building by over five times to some 80,000sqm. The works will involve refurbishment,
renovation and upgrade of the present building, which is about 15,000sqm.
US$480 million Abu Dhabi airport award gets
closer
The Abu Dhabi Department of Civil Aviation (DCA) has confirmed that the award for
the Abu Dhabi International Airport terminal expansion will be announced shortly.
Qatar airways tenders US$20 million hangar
scheme
Qatar Airways (QA) is evaluating bids from four consultants for a new hangar to be
located at the Doha International Airport.
61. AIRPORTS
New US$450 Million airport set for take-off in Tunisia
The Civil Aviation & Airports Authority (OACA) Tunisia, has announced
plans for the construction of a new TD 585 million (US$450 million) airport in
the Enfidha region.
Bahrain airport unveils US$170 million expansion plan
Bahrain International Airport is set to undergo a major expansion costing over
US$170 million. The master plan for this expansion (which includes new
designs) has already been completed and work is due to begin late this year
New Ajman airport budgeted at over US$800 million
The UAE is set to see the construction of a new airport in the small emirate of
Ajman. Officials from the London-based airline consultancy, Wiggins Group,
have confirmed that papers have been drawn up for a US$800 million tender to
build the airport.
Dedicated US$160 million terminal planned for Kuwait Airways
The Directorate-General of Civil Aviation (Kuwait) has submitted its
evaluation of the consultancy contract to build a second terminal at Kuwait
International Airport to the Planning Ministry.
62.
63.
64. Passenger throughput to 2010
0
10
20
30
40
50
1998
2000
2002
2004
2006
2008
2010
Million
Tourist
65.
66. Value of Airport Projects Above
Airports US$ Airport US$
Dubai Ter3 & Cargo 4200 Tunisia 480
Jeddah 1500 Kuwait 300
Bahrain 800 India 280
Ajman 800 Morocco 70
Abu Dhabi 600 Kuwait 160
Egypt 500
US$9,690,000,000
68. ENERGY, OIL & GAS
The Dolphin Project
The Dolphin Project aims to develop links between the natural gas
infrastructures of Qatar, the UAE, and Oman. It will allow the export of non-
associated natural gas from Qatar's massive offshore North Dome field. A
Statement of Principles for the project was signed in March 1999 between the
UAE Offsets Group (UOG) and Qatar Petroleum.
The two firms signed a natural gas sales agreement in March 2001, with
natural gas supplies expected to start in late 2006. Estimated to cost US$8-10
billion over the next decade, the project will begin as a subsea pipeline from
Ras Laffan in Qatar to a landfall in Abu Dhabi, which will then be extended to
Dubai and northern Oman.
It will start at 48 inches in diameter, narrowing to 30 inches by the time it
reaches Oman. In its initial phase, the pipeline is to carry 3 Bcf/d of Qatari
natural gas to the UAE and Oman, accounting for nearly 10% of total world
natural gas supplies shipped by pipeline.
69. ENERGY, OIL & GAS
$500bn to flow into energy sector in Mideast by 2015
About $500 billion will flow into the oil sector in the Middle East between now and
2015. That is the price tag that Tim Cejka, Executive vice-president of ExxonMobil
Exploration, puts on new upstream projects to meet rising demand. "It is a very, very
round number - you never know what the future holds - but this is an estimate of
spending needs over the next 12 years," says Cejka.
The money will come mostly from national oil companies (NOCs) as well as from
international oil companies (IOCs).
Norwegian firm strikes oil in Yemen
Norwegian oil company Det Norske Oljeselskap (DNO) has discovered fresh oil
reserves in Yemen's southern Hadramaut province, it was reported today.
Sonatrach 'makes significant gas finds'
Algerian state oil and gas group Sonatrach said today it had made significant oil and gas
well discoveries near the huge gas export project Gassi Touil.
70. ENERGY, OIL & GAS
Egypt signs deal with Sipetrol, Oil Search
Egypt said it had signed an oil exploration and production agreement
for an area in the country's western desert with Chile's Sipetrol
Internacional and Australian-listed Oil Search.
Gas to overtake oil demand in region
Gas consumption will overtake oil demand in the Arab world as many
regional countries are switching to the cleaner source of energy in
power generation and other sectors, a report said
Amec to manage $5bn Kuwait projects
Amec has won a contract to manage $5 billion worth of oilfield
projects in Kuwait, the British construction and engineering services
firm said.
$1.37 billion Qatar LNG transport firm on way
A giant gas transport company is to be set up in Qatar with a capital of
QR5 billion ($1.37 billion), said a report.
71. ENERGY, OIL & GAS
Australia's Oil Search strikes oil in Yemen
Papua New Guinea oil and gas producer Oil Search has struck oil in Yemen,
the company said. The appraisal drilling program was due to begin towards the
end of the second quarter of 2004. Two further exploration wells would be
drilled in the block during 2004. The Nabrajah-1 well is operated by DNO
ASA with a 50 per cent interest, while Oil Search holds 25 percent, First
Calgary Petroleums 10 per cent and The Yemen Company 15 per cent
Shell unveils $4 billion fuel plant plans
Royal Dutch Shell has unveiled plans to pump almost $4 billion into a new
plant in Qatar aimed at producing around 137,000 barrels per day of liquefied
fuel.
72. Value of Energy, Oil & Gas
Projects Above
Energy US$
Dolphin Project 10000
Kuwait project 5000
Qatar Fuel 165
Qatar LNG 1370
Qatar Shell 4000
US$20,535,000,000
74. ENVIRONMENT & WATER
$10m for 'Baghdad Beautiful' scheme
The US-led coalition is giving Baghdad $10 million to spend in the
next three months to "beautify" the Iraqi capital, said a report.
Saudi plans water conservation drive
Saudi Arabia will launch a major water conservation drive this summer
aiming to halve consumption in a million homes, a senior official said.
Oman pushes utility privatisation
Oman's utility privatisation is set to leapfrog under a new law that will
allow further restructuring of its water and power sector.
Fluor-Amec wins Iraq contract
The US government awarded Iraq water and sewage contracts worth
up to $1.1 billion to a joint venture of Fluor and Britain's Amec,
sending shares the UK company higher.
Saudi plans 10 new IWPPs
Saudi Arabia plans to set up 10 new independent water and power
plants (IWPPs) by 2016, according to a senior minister
75. ENVIRONMENT & WATER
Metito in sewage treatment $1.3m deal
Metito has won a $1.3 million contract to set up sewage treatment and water
filtration plants in Equatorial Guinea in West Africa.
Oman firm signs MoU with Austrian company
Hydro-Ingenieure, an Austrian company engaged in sewage disposal and
environment management, has signed a memorandum of understanding (MoU)
with Oman's Al Khodr Group for providing expertise to the latter.
Zohal Construction wins Amwaj deal
Bahrain firm Zohal Construction Company has been awarded the BD1 million
($2.7 million) contract to instal a water distribution network throughout the
Amwaj islands project.
Kuwait acts to avert looming water crisis
The Kuwaiti government is taking action to avert a looming crisis over the
Gulf Arab state's shortage of fresh water, the energy minister told an urgent
session of parliament.
Better use of water resources urged
The head of the UN's Food and Agriculture Organisation (FAO) has urged
Middle East countries to make better use of the region's water resources.
76. ENVIRONMENT & WATER
$541m deal to refinance Abu Dhabi project
The Abu Dhabi Water and Electricity Authority (ADWEA) has signed
a $541-million deal with a consortium of local, regional and
international banks to refinance its first independent water and power
project.
$137m for Tabuk water projects
Authorities have earmarked SR513 million ($136.8 million) for 10
water projects this year in Tabuk, Saudi Arabia.
New hope over Iraq water supplies
Iraq's crippled fresh water supply - still worse than on the eve of war a
year ago - could improve now that a new constitution reassures
investors about political risk, its public works minister said.
Metito wins Iraq plant contract
Metito, a water treatment, desalination and wastewater treatment
expert, has won a Dh12 million ($3.12 million) turnkey contract in
Iraq.
77. Value of Environment & Water
Projects Above
Environment & Water US$
Iraq Beautiful scheme 10
Iraq Flour-Amec 1100
Metito 1.3
Zohal 2.7
Abu Dhabi water 541
Tauk Project 136.8
Metito Iraq 3.12
US$1,794,920,000
79. SHIPPING & TRANSPORT
DUBAI TO BUILD $4BN LIGHT METRO RAILWAY
Dubai has announced plans to construct its first underground railway
network at an estimated cost of nearly US$4 billion to be completed
around 2012.
Dubai Municipality director-general Qassim Sultan said "the first
phase of the project will be complete in 2009". "The international
company Systra has been chosen to carry out the initial plans" for the
project, he added.
Sultan said the system "comprises two main lines, with a total length
of about 70 km. Certain sections of the lines will be underground,
particularly in the city-centre, and others will be built on bridges."
Around 100 trains, each with five carriages and entirely automated,
will operate on the lines, he said.
The underground will be used by nearly 1.2 million passengers per
day and around 355 million a year, according to initial estimates.
80. SHIPPING & TRANSPORT
$2.4bn spurt expected in Saudi transport industry
Economists expect that investment in the transportation industry will
rise to SR9 billion ($2.4 billion) now that the Haj Ministry council has
agreed to free up the sector.
Demand for underwater vehicles up
A rapidly expanding oil and sector is expected to increase the demand
for new remotely operated underwater vehicles (ROVs), according to a
study. Operations of cable controlled 'work-class' remotely operated
underwater vehicles (ROVs) is a business worth $600 million
worldwide and this is forecast to grow to $725 million by 2008, said
the report.
SAP, Axon back Qatar transport venture
The Qatari government is launching an integrated ground transport
services company in partnership with SAP and Axon.
Suez Canal revenues hit $238m
The Suez Canal earned $238.0 million in revenue in February,
slightly below January's $243.9 million, but well above the $169.0
million in February 2003, according to monthly government statistics.
81. SHIPPING & TRANSPORT
Iran to buy 51 new tankers worth $3.1bn
Iran is planning to acquire 51 new fuel tankers to meet demand for
energy transportation by 2010, said a top official was quoted as saying.
ADSB delivers Gulf Cobla's dredger
Abu Dhabi Ship Building (ADSB) has completed delivery of a heavy
duty cutter suction dredger to Dubai-based Gulf Cobla.
Dubai Ports wins $450m India terminal deal
Dubai Ports International (DPI), the overseas port management arm of
Dubai Ports Customs and Free Zone Corporation (PCFC), has won
contract to manage, operate and develop a container terminal in India.
Jeddah port cargo traffic up
Saudi Arabia's Jeddah Islamic Port (JIP) handled 28.1 million tonnes
of cargo in 2003, up from 22.6 million tones in 2002.
82. SHIPPING & TRANSPORT
UAE-GCC public transport link planned
A public transport service is being planned between the UAE and GCC
states, said a report.
Qatar Petroleum awards $52 million road contract to Omani
company
Qatar Petroleum (QP) has awarded Oman’s Galfar Engineering
Contracting Company a road contract worth QR190.35 million ($52
million).
Qatar Airways in $1b Airbus financing deal
Qatar Airways said it had agreed financing of $1 billion with three
banks for 13 Airbus aircraft. Qatar Airways is to expand its flights
network to 50 destinations and its load is expected to grow by 35 per
cent next year, Akbar Al Baker, its CEO said.
83. SHIPPING & TRANSPORT
Japanese to masterplan Oman’s road network
A team of Japanese experts will formulate a 25-year master plan for the
development of a national road network on behalf of the Omani
government.
The master plan will cover all the regions of the Sultanate (except Muscat
Governorate) and will identify the need for new highways, carriageways
and secondary roads covering the breadth of the Sultanate, as well as
suggest improvements to the existing road network.
Work on the 14-month project is expected to begin during January 2004.
A final report will be submitted to the Omani government by April 2005.
The project will also contribute to the transfer of technology into Oman,
as Japanese specialists work side-by-side with Omani counterparts in
formulating the master plan.
84. Value of Shipping & Transport
Projects Above
Shipping & transport US$
Dubai Rail 4000
Saudi 2400
Iran Tankers 3100
Dubai Ports 450
Qatar 52
Qatar airbus 1000
US$11,002,000,000
87. INDUSTRY
Jotun Paints opens new Dubai plant
Jotun Paints has commissioned its new Dh70 million ($19 million) plant in the
Al Quoz Industrial Area in Dubai.
Borouge upbeat on polyolefins demand
Borouge, which has a $1.2 billion petrochemical complex Abu Dhabi, said it
had reinforced its position as the preferred supplier of polyolefins with its
participation in Dubai Plast Pro 2004
US deal to spur Bahrain investments
Bahrain's pending Free Trade Agreement with the US will bring massive
opportunities to the region, says Industry Minister Dr Hassan Fakhro.
Gulf Extrusions sees 15pc growth
Gulf Extrusions, the UAE-based pioneer in aluminium extrusion, has
announced a projected 15 per cent market growth for the year 2005
Zamil Steel adds new bending machines
Zamil Steel Industries' Structural Steel Business Unit (SSBU) has purchased
new machinery to facilitate its plans to expand and diversify its product base.
88. INDUSTRY
Lafarge plans Morocco cement plant
A new cement production line is to be constructed in Bouskoura, close to
Morocco's economic capital, Casablanca.
Tariffs relief to spur industry
GCC Secretary-general Abdulrahman Al Attiyah has lauded His Majesty King
Hamad's endorsement of the Supreme Council's resolution on exemption of
the industrial revenues from custom tariffs.
Fine plans revamp in key product line
UAE-based Fine Hygienic Paper FZE is undertaking a massive revamp in its flagship
product line. It is introducing a patented sterilisation process that eliminates germs from
tissues before they are packed.
Kuwait's National Industries profit soars
Kuwaiti bell-wether holding firm National Industries Group's 2003 net earnings almost
tripled to KD76.08 million ($258.7 million) from 25.9 million in 2002, the company
said.
Sabic plans capacity expansion
Saudi Arabian Basic Industries Company (Sabic), said it planned to lift
production of petrochemicals, steel, petroleum products and other items from
around 42 million tonnes last year to 45 million tonnes this year and 60 million
tonnes in 2008.
89. INDUSTRY
LG International to build EDC plant in Sohar
South Korea's LG International (LGI) has completed the feasibility study to
build a 300,000 tonnes per year ethylene dichloride (EDC) plant at Oman's
northeast city of Sohar, it was reported.
JGC wins Qapco expansion work
Qatar Petrochemical Company (Qapco) has awarded the QR691.5 million
($190 million) engineering, procurement and construction (EPC) contract for
the expansion of its existing ethylene plant to Japan's JGC Corporation.
Pepsi bottler plans new plant
Dulux Mideast sales touch $36m
$8m Amiantit plant opens in Dammam
Trafco's (Bahrain Gen. Trading & food process co.) net profit up
47pc
US$2 billion Bahrain-Qatar bridge focus
A Bahraini-Qatari joint commission is holding talks on plans to build bridge
linking the two states at an estimated cost of $2 billion, said a Bahraini
official.
90. Value of Industry Projects
Above
Industry US$
Jotun 19
Borouge 1200
Qatar Qapco 190
Bahrain Bridge 2000
US$3,409,000,000
92. BUILDING & CONSTRUCTION
Al Jazeera Hospital set for $5m expansion
Tenders are to be floated for the Dh20 million ($5.45 million) Abu Dhabi Al
Jazeera Hospital expansion project, it was reported.
GFH, Bahrain ministry set up $530m firm
Bahrain's Finance and National Economy Ministry and the Gulf Finance
House are setting up a holding company for the Al Areen Desert Spa and
Resort Project with an authorised capital of over $530 million.
$3.7bn for Qatar development work
Qatar's Ministry of Municipal Affairs and Agriculture (MMAA) has earmarked
QR13.44 billion ($3.69 billion) for development works in 2004-5, said a
report.
Royal Commission awards $46m jobs
Saudi Arabia's Royal Commission for Jubail and Yanbu has signed three
contracts worth a total of SR173.99 million ($46.4 million) with three national
companies to carry out an educational project and two road projects
InterContinental Festival City Hotel on way
Dubai Festival City, the waterfront 'city-within-a-city' being built on the banks
of Dubai Creek, has selected the InterContinental Hotels Group to manage its
planned marina-view conference hotel.
93. BUILDING & CONSTRUCTION
New Morocco cement plant on way
A new cement production line is to be constructed in Bouskoura, close to
Morocco's economic capital, Casablanca.
$3m deal to renovate courts
Bahrain's Hafeera Contracting Company has signed a BD1.1 million ($2.93
million) contract to expand and renovate the old courts on Government Road
and turn the complex into the new premises of the Constitutional Court.
Bauer and UAE firm win Burj Dubai contract
Bauer Spezialtiefbau of Germany and Middle East Foundations of the UAE
are to construct the foundations for Burj Dubai, the tallest building in the
world.
Three British firms win Iraq contracts
Three British companies have won contracts for reconstruction work in Iraq in
the latest round of awarding from the US Pentagon, it emerged this week. A
news report said the three companies, Foster Wheeler (oil), Parsons-
Brinkerhoff (power) and Halcrow (water) are part of a series of consortia that
have obtained £43 million worth of contracts, from an overall total of £72.3
million.
94. BUILDING & CONSTRUCTION
JCB hits major milestone
Massive expansion plan for Sheraton Bahrain
WS Atkins 'close to Libya contract'
Key Saba Tower deal for Dutch Foundation
New park for Oud Metha area
Qatar 'interested in Lanka airport project'
$450m export credit package for Alba
Construction costs to rise 35pc
95. BUILDING & CONSTRUCTION
Baghdad rents go through the roof
Kuwait Real Estate profit surges
Sharjah enforces 3-year rent freeze
Riyadh faces 'housing crisis'
Festival City 'show homes' to open
$96m housing project planned in Jeddah
Real estate boom in Qatar
Deal signed for 5-star hotel on Palm
UAE freehold properties focus of forum
70pc of Jumeirah Lake Towers plots 'sold'
96. BUILDING & CONSTRUCTION
Qatar to build $192 million complex
Qatar is to build a new multi-purpose complex comprising covered
markets, conference halls and theatres named ‘Al Lakhma’ (sting-ray
fish) at a total cost of more than QR700 million ($192.3 million).
Areva wins $150m Dubai contract
Serco, Bahwan team wins $1.4bn college
project
Iraq in $100m housing contracts
99. Value of Building &
Construction Projects Above
Build &
Construction US$ US$
Al Jazeera hospital 5.45 Jeddah - Housing 96
Bahrain Al Areen 530 F1 Bahrain 150
Qatar MMAA 3690 Areva Dubai 150
Saudi Royal Comm 46 Serco Bahwan project 1400
Bahrain Courts 2.93 Iraq Housing 100
Iraq - British 150 Qatar complex 192
US$6,512,380,000
100. Total Value of Sectors
Major Projects $18,260,000,000
Hotel & Resorts $32,213,000,000
Airports $9,690,000,000
Energy, Gas & Oil $20,535,000,000
Environment & Water $1,794,920,000
Shipping & Transport $11,002,000,000
Industry $3,409,000,000
Build & Construction $6,512,380,000
$103,416,300,000
101. ONE HECK OF A LOT OF
DIGITS!
And they are real $$
&
THERE IS MORE!
102.
103.
104. Financial Centres
THE DUBAI FINANCE CENTRE
The plan is for the development of 13 towers and a host of related
developments such as boulevards and shopping malls that will cover
an area of 3.5 million square feet of land. The towers will provide 9
million square feet for office and commercial development. This
will be a three phase project commencing in 2003.
BAHRAIN FINANCIAL CENTRE
A US$1 billion financial city is to be built on Manama coastline,
housing 10,000 workers in a number of futuristic buildings. The six
year project will cover a site of over 200,000 square feet on land to be
reclaimed from the sea. Work will commence in late 2003.
105.
106. Financial Centres
THE DUBAI
INTERNATIONAL
FINANCE CENTRE
The plan is for the development
of 13 towers and a host of
related developments such as
boulevards and shopping malls
that will cover an area of 3.5
million square feet of land. The
towers will provide 9 million
square feet for office and
commercial development. This
will be a three phase project
commencing in 2003.
107. Financial Centres
BAHRAIN FINANCIAL
CENTRE
A US$1 billion financial city
is to be built on Manama
coastline, housing 10,000
workers in a number of
futuristic buildings. The six
year project will cover a site
of over 200,000 square feet
on land to be reclaimed from
the sea. Work will
commence in late 2003.
109. The Politics of Sport
QATAR – ASIAN GAMES
The Qatari Government will be spending in the
region of US$1 billion in preparation for the Asian
Games that will be taking place in 2006 in the capital
city, Doha. The event will attract 10,000 athletes from
over 40 countries, being only second in size to the
Olympic games.
110. The Politics of Sport
BAHRAIN
FORMULA
ONE TRACK
2004 Bahrain is
expected to be the
venue for the first
Formula One meeting
in the Middle East. A
60,000 seat capacity
development is under
construction.
15,000 hotel rooms
but 60,000 visitors!
111.
112. The Politics of Sport
KUWAIT STADIUM
Design work is in progress on an
Olympic sized swimming pool
complex and multipurpose arena.
The estimated project cost is
US$74 million.
The complex will cover a total area
of 59,000 square metres.
113.
114.
115.
116.
117.
118.
119.
120.
121.
122.
123.
124. EGYPT - NEW CITIES
6TH OCTOBER
10TH RAMADAM
SADAT CITY
BORG AL ARAB
NEW DAMIETTA
NEW SALEYA CITY
EL OBOUR CITY
NOUBARIYA CITY
EL SHAROUK
AL REHAB
147. Iraq – Political & Economic
Iraq’s new administrations policy on oil
production, Iraq has 2nd largest proven
reserves in the world.
Could test Saudi’s dominant status within
OPEC, & perhaps the long term cohesion of
the cartel.
The stability of Iraq is of critical
importance.
148. Iraq – Political & Economic
Saddam Husseins brutally suppressed regional
dissidents.
Country made up of Kurds, Shi’ites and the
traditionally powerful Sunni Muslims
Under previous administration in Baghdad, the
Shi’ite Muslims had no autonomy and even less
role in government, despite comprising around
60% of the population.
Its anticipated that a federal structure will be
devised, which will concentrate most power over
the country’s oil reserves, in the centre.
149. Iraq the Opportunity
Construction
Widespread demand for basic building
materials and equipment
Electricity, HVAC and lighting
Power stations, electrical components and
Air-conditioning are a priority
150. Iraq the Opportunity
Oil and gas
There exist opportunities in oil and gas exploration, drilling equipment,
production and processing technology, reservoir measurement and
management, pipeline engineering and processing, as well as training
equipment and services.
Agriculture, water and environment
Will require crop production know-how, livestock, poultry and dairy farming
expertise (including feeds and additives), horticulture, irrigation and water
technology and management, as well as agricultural machinery.
Closely linked to the fortunes of the agricultural sector is the environment
which will require environmental monitoring equipment, filtration services,
sewage treatment, recycling technology and of course oil pollution clean-up
and control technology, as well as hazardous waste handling equipment.
151. Iraq the Opportunity
Telecom and mobile phones
Iraq requires the full range of telecom equipment, infrastructure and mobile GSM products
Security
Opportunities for suppliers of the key elements of any security and emergency service infrastructure.
Hotels, F&B and catering
Currently being sourced include interior decor (including furniture, bedding, linen, curtains etc.),
cleaning services, registration software, as well as consulting and design services. The entire food
and beverage range of services and products are also needed, including foodstuffs, processing and
packing equipment as well as fast foods and snack franchises. Finally, there is also demand for
restaurant and catering equipment, including refrigeration and storage facilities
General products, goods and services
The day to day needs of the Iraqi people are also highlighted in the demand for auto parts and tools,
packaging equipment and material, paper production, printing and publishing technology, plastics
(including moulding machines and PVC pipes etc.), consumer good and services, such as household
goods, cosmetics, leisure and tourism expertise and infrastructure know-how and airport equipment.
161. 2003 BIG 5 EXHIBITORS
1,303
ITALY
12%
TURKEY
3%
UAE
15%
TAIWAN
4%
GERMANY
10%
SPAIN
5%
CHINA
14%
UK
6%
THAILAND
3%
BELGIUM
2%
AUSTRIA
2%
SAUDI
2%
OTHER
20%
MALAYSIA
2%
163. 2002 BIG 5 TRADE VISITORS
25,146
DUBAI
40%
OTHER UAE
15%
ABU DHABI
11%
KUWAIT
3% BAHRAIN
2%
OMAN
3%
OTHER
4%
IRAN
3%
ARAB
5%
EUROPE
3%
INDIA
2%
QATAR
2%
SAUDI
7%
164. BIG 5-VISITOR PROMOTION
80 ADVERTISEMENTS
PR CAMPAIGN – OVER 100 ARTICLES
OVER 200,000 INVITATIONS SENT
130,000 BIG 5 PREVIEWS SENT
160,000 E-MAILS TO GCC & INDIA (x2)
80 ROADSIDE ADVERTISEMENTS
GULF INTERIORS
