Chinese-led consortium wins $262m Algeria rail deal
13 November 2024
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Algeria’s Anesrif has awarded a $262m construction contract to a consortium led by the China Road & Bridge Corporation (CRBC).
The CRBC-led consortium includes China Civil Engineering Construction Corporation and Algeria’s EPE SNTP.
The contract covers construction work for the Bouchegouf-Souk Ahras-Drea railway section, with a total length of 121 kilometres (km). It is scheduled to be completed in 32 months.
This contract is the latest example of Chinese companies undertaking major projects in Algeria.
MEED reported in January this year that Algeria had selected a team of Beijing-headquartered China Railway Construction Corporation and local contractor Cosider Travaux Publics for a contract to build a 575km railway line.
The line will connect the Gara Djebilet iron ore mine in Western Algeria’s Tindouf Province with the national rail network at Bechar.
The project will facilitate transporting materials from the Gara Djebilet iron ore mine to industrial centres and ports along Algeria’s national rail network.
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His comments come amid an ongoing crisis in Kuwait’s oil and gas sector linked to the regional conflict that began when the US and Israel attacked Iran on 28 February.
The subsequent war has significantly disrupted shipping through the Strait of Hormuz, which is a crucial export route for Kuwaiti crude oil.
Kuwait is currently producing around 2 million b/d of oil, down from 2.6 million b/d before the US and Israel attack.
Speaking at a conference in London, Al-Sabah said: “We have the capacity to go back up to our current maximum sustainable capacity of 3 million b/d, if we have the export routes available, and this comes down to the ability to move oil through the Strait.”
KPC is investing $9bn-$10bn a year in capital expenditure to meet its oil and gas production goals, according to Al-Sabah.
He said: “We are doing this because we recognise that it is our hydrocarbons that will be most in demand a decade from now, and two decades from now – in fact, for the rest of our lifetimes.”
Project Seef
KPC is pushing ahead with the Al-Seef project, which focuses on developing three large offshore oil discoveries, Al-Sabah said.
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Al-Sabah said KPC is continuing with the project and believes the three fields collectively hold more than 3 billion barrels of recoverable oil.
He said: “We are asking international oil companies to partner with us to develop those resources under an operating services contract.
“So, we’re moving ahead according to the exact same schedule that we had put together even before the war began.”
Al-Sabah did not say which international oil companies KPC has approached to help develop the three offshore fields.
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Al-Yamamah signs Saudi 380kV transmission deals6 October 2026
Riyadh-headquartered Al-Yamamah Steel Industries has signed two supply contracts with Algihaz Contracting Company for the construction of 380kV ultra-high-voltage transmission lines in Saudi Arabia’s Western Region.
The contracts cover the supply of steel towers and are worth a combined SR254.28m ($67.8m).
In a disclosure to the Saudi Exchange (Tadawul), the firm said the first contract is valued at SR135.65m ($36.2m), while the second is worth SR118.63m ($31.6m).
Both contracts have a one-year duration, with supply scheduled to begin in March 2027. The financial impact of the contracts is expected to start appearing in Al-Yamamah Steel’s results in the first quarter of 2027.
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The deals also add to a series of steel tower contracts secured by Al-Yamamah Steel for 380kV transmission projects in the Western Region.
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Eagle Hills plans new Syria projects6 October 2026
Abu Dhabi-based real estate developer Eagle Hills has signed a framework agreement with Syria’s Ministry of Public Works & Housing to develop a series of residential and tourism community projects across several Syrian governorates.
The first phase will include Damascus Heights in the capital and Latakia Yachts & Marina on the Mediterranean coast.
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QatarEnergy issued the tender for the DPFU Phase 1B (Part 2) project on 8 June and initially set a bid submission deadline of 26 July, later extending it to 9 August.
Dukhan, Qatar’s first and only onshore oil field, was discovered in 1938, with oil production starting in 1939-40. The country currently produces about 1.8 million barrels a day (b/d) of crude, with the Dukhan field accounting for about 350,000 b/d.
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Dubai issues PMC tender for four stormwater projects6 October 2026

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The tender for TF-06-S1 Supervision of Stormwater Drainage System Projects – Package 4 was issued on 6 October.
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Bidding for the engineering, procurement and construction contract was recently extended to 1 October, with Nael Construction & Contracting and Al-Nasr Contracting Company among those expected to make an offer for the project.
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> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20305174/main.jpg