Dubai construction needs major project launches
25 April 2023
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> Local firm wins Jubail Terraces contract in Abu Dhabi
> Foster designs Dubai’s first vertiport
> Damac launches new project in Dubai Business Bay
> Dubai returns to the iconic with Candy towers project
> Nakheel awards Jebel Ali Village construction contracts
> Bloom appoints contractor for Abu Dhabi project
> Firms seek to qualify for UAE-Oman rail works

Growing demand for property in Dubai combined with a resilient economy have brought winds of optimism to the emirate’s real estate market. At the same time, the government’s handling of Covid-19 and recent measures to improve the business environment have strengthened Dubai’s position as a safe haven.
Over the past year, there has been record demand for premium properties in the emirate, mostly driven by wealthy international buyers from markets such as Russia, India and Europe.
According to a recent report by Luxhabitat Sotheby’s International Realty, Dubai’s super-prime residential market enjoyed a strong start to 2023, with a 24.9 per cent increase in prices per square foot compared with the previous quarter.
The upswing has resulted in developers launching a number of new schemes. Projects announced in recent months include Al-Habtoor Group’s estimated AED9.5bn three residential developments; Shamal Holding’s Baccarat Hotel & Residences in Downtown DubaiDamac Bay by Cavalli.
In Jumeriah Lake Towers, Dubai Multicommodities Centre in partnership with Ellington Properties has launched the AED1.2bn high-rise mixed-use Upper House project, while in Meyan MAG Property Development is developing the AED3bn Keturah Reserve residential scheme.
New masterplans have been conceived too, including the estimated $5.4bn mixed-use Dubai South project announced by Azizi Developments in January 2023.
Dubai is also returning to what it is known for: eye-catching, iconic projects. Later this year, a joint venture of Dubai World Trade Centre and the UK’s Candy Capital is expected to announce a three-tower project billed as a super-prime real estate development in Dubai’s One Central commercial district. The UK firm is known for London’s One Hyde Park, one of the wealthiest property residences in the world.
Slow recovery
Yet a closer look at the number of awarded contracts in the construction and transport sector reveals that the market is still playing catch-up, despite the growing hype.
The value of contracts awarded increased only slightly from $6.8bn in 2021 to $8.42bn in 2022, according to data from regional projects tracker MEED Projects. This is still far off the pre-pandemic level of $13.6bn in 2019. It is also only a fraction of the value of awards in 2016 and 2017, when signed contracts totalled $24.68bn and $26.14bn, respectively.
The backdrop to the weaker value of recent awards is the dearth of major construction contract awards as the government cut spending on major infrastructure projects. This has led to the market being driven mainly by private real estate developers launching smaller projects.
A few exceptions stand out, including the $260m contract awarded in January to China State Construction Engineering Corporation to construct Damac’s Cavalli Casa tower. Moreover, there are clear signs that the trend is changing.
In addition to these projects, there are several other large-scale projects in the works, such as the estimated $1.2bn Waldorf Astoria Hotel by Al-Habtoor Group and Nakheel’s revived Palm Jebel Ali project, for which $4.6bn in funding was secured in November 2022.
The Palm Jebel Ali is about three times larger than the Palm Jumeirah, and will significantly increase the amount of waterfront land available for development in Dubai.
The soon-to-be awarded MGM Resort, Bellagio and Aria Hotels development by local developer Wasl is estimated at $500m. The three hotel resorts will be constructed on a man-made island off the coast in the Umm Suqueim area. The scheme is expected to feature 1,400 hotel rooms and apartments, in addition to retail, food and beverage and entertainment options.
Transport awards
It is hoped that the award of major infrastructure contracts may also restart this year, with the upcoming extension to the Dubai Metro network. After being put on hold, the scheme moved to the design stage in 2022.
The Blue Line project involves constructing more than 20 kilometres of new lines, about half of which are underground, in order to extend the existing Red and Green lines.
Dubai is also considering plans to restart the emirate’s largest construction project, the AED120bn ($33bn) expansion of Al-Maktoum International airport.
The expansion was officially launched in 2014. It involves building the biggest airport in the world by 2050, with the capacity to handle 255 million passengers a year. An initial phase, which was due to be completed in 2030, will take the capacity to 130 million a year.
Tendering for work on the project stalled with the onset of the Covid-19 pandemic in early 2020.
The margins became negative in the sector, and we cannot compete with the local companies or the government-backed Chinese corporations
International contractor
Contractor sentiment
The sector’s incomplete recovery from the pandemic is confirmed by the net value of contract awards, calculated by subtracting the value of completed work from the value of awarded work.
Since 2018, the value of awarded contracts has been smaller than the amount of completed work, meaning contractors have fewer upcoming jobs.
Under these circumstances, companies that specialise in major construction projects are looking to other markets.
“The UAE market is too calm. There is not enough work for us,” a local contractor tells MEED. “We are looking to expand our activity to Saudi Arabia. The work is there now.”
Some international companies, having faced long payment delays or financial losses, have left the region. “The margins became negative in the sector, and we cannot compete with the local companies or the government-backed Chinese corporations,” said one international contractor.
As it stands, there are over $42bn of projects in the bid, design and study stages in Dubai, according to MEED Projects.
If major projects, such as the Al-Maktoum airport expansion, move into construction, they will provide a major boost for Dubai’s construction and transport industry.
This month's special report on the UAE includes:
> GOVERNMENT: Abu Dhabi strengthens its position at home
> ECONOMY: UAE economy steers clear of global woes
> BANKING: UAE lenders chart a route to growth
> UPSTREAM: Strategic Adnoc projects register notable progress
> DOWNSTREAM: Gas takes centre stage in Adnoc downstream expansion
> POWER: UAE power sector shapes up ahead of Cop28
> WATER: UAE begins massive reverse osmosis buildup
> CONSTRUCTION: Dubai construction needs major project launches
Exclusive from Meed
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Syria in talks for refinery project worth $6bn-8bn9 November 2026
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Three Libya oil and gas projects see developments9 November 2026
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Saudi Arabia signs $403m Syria infrastructure loans9 November 2026
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Frontrunners emerge for Saudi substation projects9 November 2026
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Contractor wins $197m Doha infrastructure works6 November 2026
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Related Articles
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Syria in talks for refinery project worth $6bn-8bn9 November 2026
Discussions are under way with international companies to develop a refinery in Syria’s Furqlus area, worth $6bn-8bn, according to a senior official at state-owned Syrian Petroleum Company (SPC).
The project will be “very large” and, after completion, will replace Syria’s Homs refinery, according to SPC’s deputy executive president for refining affairs, Tariq Shalash Al-Abdullah, who spoke to Syria’s state-owned daily newspaper Al-Thawra Al-Souriya.
He said the international companies currently involved in talks about the planned refinery project specialise in design work, engineering and technical studies.
He also stated that, for large-scale projects of this type, consortiums are typically formed from a group of companies with complementary interests in study, manufacturing, financing, implementation and operation.
In June, SPC published an invitation for companies to submit proposals to finance, build and operate the refinery under a build-operate-transfer agreement.
The tender document published by SPC said the refinery would have the capacity to process 210,000 barrels a day (b/d).
It also said the facility would be developed with the option to add an “ancillary petrochemical complex”.
Al-Abdullah said the refinery’s total investment value would depend on the equipment's country of origin, adding that the equipment could potentially be procured from the US, Europe or China.
Another factor that could alter the project’s value is the technology licences selected for the project, according to Al-Abdullah.
The refinery project is expected to take around four years to develop from the date of signing the contract and completing other related preparatory activities.
The project will be developed on a site that covers 400 hectares, according to the document that was published by SPC in June.
SPC invited companies to submit three separate documents relating to their proposals.
These were:
- A package outlining the company’s qualifications and legal documents
- A technical proposal
- A financial and investment proposal
According to the tender document, the scope of the refinery project includes developing:
- Three independent atmospheric distillation units, each with a capacity of 70,000 b/d
- Two vacuum distillation units
- Hydrotreating units
- Sulphur recovery units
- A base oil unit
- Power and steam generation facilities
- A grid interconnection substation
- A safe shutdown system
- An environmental water treatment system
- A gas recovery system
- A unit to produce nitrogen and oxygen
- A fire water network
- Maintenance and repair workshops
- Tank farm and storage facilities
Under the plans outlined in SPC’s tender document, at least 85% of the refinery’s products should meet Euro-5 specifications.
SPC is also seeking a “plan for the establishment and integration of an advanced petrochemical complex”, which would be connected to the refinery, according to the document.
Because of this, it said the refinery design must allow diversion of some light and heavy naphtha and liquid petroleum gas (LPG) to be used as feedstock for the future petrochemical complex.
The petrochemical complex is planned to use 20% to 40% of the naphtha and LPG.
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Three Libya oil and gas projects see developments9 November 2026

Three key oil and gas projects in Libya have seen developments amid an uptick in activity in the North African country’s hydrocarbon sector.
The contract scopes include seismic work, subsea pipeline development and drilling services.
An invitation to prequalify has been issued for a project to provide two-dimensional (2D) and three-dimensional (3D) offshore seismic surveying services.
The survey area is the Libyan Offshore Area O1, located in the Sirte Basin.
The winner of the contract will be responsible for:
- Acquisition of approximately 6,100 square kilometres (sq km) of 3D full-fold marine seismic data
- Acquisition of approximately 3,000 sq km of 2D full-fold marine seismic data
The client on the project is the Italian oil and gas company Eni.
In a statement posted on the website of Libya’s National Oil Corporation (NOC), it said: “The objective of the survey is to acquire, within the required operational window from September 2027 to March 2028, high-quality broadband seismic data to improve the imaging of Cretaceous reservoir sequences and support future exploration activities.”
The deadline to submit prequalification documents is 2 December 2026.
Deadline extended
Libya’s Mellitah Oil & Gas Company (MOG) has extended the deadline for companies to submit prequalification documents for a major offshore package as part of its Mellitah complex expansion and CO2 management integrated development project, which is estimated to be worth about $8bn.
The previous deadline of 5 November 2026 has been extended to 3 December 2026.
MOG, a joint venture of NOC and Eni, is the project client.
The package, known as WP4B1, focuses on developing offshore pipelines and subsea systems for the E offshore installation and CO2 project.
The turnkey contract will use the engineering, procurement, installation and commissioning (EPIC) model.
As part of the Mellitah complex expansion and CO2 management integrated development project, two offshore structures – Structure A and Structure E – will be developed in Libya’s offshore block NC 41.
Structure A is also known as wellhead production fixed platform A (WHPA) and Structure E is also known as production platform E (PPE).
Structure A is in the central-western part of the area, about 80 kilometres (km) from the Libyan coast, with a water depth of 95-105 metres.
Structure E is located in the central-eastern part of the area, about 130km from the Libyan coast, in a water depth of 205-235 metres.
The scope of the wider project includes:
- A new production platform installed in about 220 metres of water depth as part of the development of Structure E (Package WP1)
- A new wellhead platform installed in 96 metres of water as part of the development of Structure A (Package WP2)
- Modification of the existing Sabratha platform (Package WP3)
- Sealines and subsea systems extending from the Sabratha platform to Structure A (Package WP4A1)
- Sealines and subsea systems for Structure E and the CO2 system (Package WP4B1)
- Supply of seamless carbon steel pipes for CO2 injection from the Mellitah complex to Sabratha platform (Package WP4B2)
- Subsea Production Systems (SPS) for Structure E and CO2 (Package WP4B3)
- Upgrading the existing onshore Mellitah complex (WP5)
The package known as WP4B1 has been broken down into two phases.
The first phase focuses on the installation of the project’s subsea CO2 pipeline and its related system network.
The second phase of WP4B1 is focused on the pipeline to structure E and its related subsea system network.
Monitoring drilling
MOG has also issued a separate invitation for prequalification relating to a contract to provide hydrogen sulphide monitoring services for offshore drilling.
The contract focuses on providing H2S monitoring services for 18 offshore development wells as part of the “Structures A&E” project.
Four of the wells will be subsea wet wells and a further 14 will be dry tree wells.
The deadline for submitting prequalification documents is 3 December 2026.
The work will be carried out in the zone known as Area D, Block NC41.
H2S monitoring in the oil and gas industry involves tracking H2S gas concentrations in the air using electronic sensors and detectors to protect workers, prevent fatal exposures and avoid equipment damage.
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Saudi Arabia signs $403m Syria infrastructure loans9 November 2026
The Saudi Fund for Development (SFD) has signed six concessional loan agreements worth more than $403m to support power, water, healthcare, housing and other infrastructure projects in Syria.
The agreements include a $90m project to rehabilitate generating units at the Aleppo thermal power plant. The project is expected to benefit about 5 million people by restoring power-generation capacity and strengthening the stability of the national electricity grid.
The Aleppo thermal power plant has five generating units and an installed capacity of approximately 1,100MW. It is understood that at least three of the five generating units are out of operation and require rehabilitation. According to local media reports, rehabilitating these three units is estimated to take 18-24 months.
A further $30m will be allocated to upgrading Syria’s drinking water metering system. The project involves supplying and installing 300,000 smart water meters across several governorates, benefiting approximately 1.5 million people.
The remaining agreements cover civil defence, housing, healthcare and public finance.
A $105m loan will support the construction, rehabilitation and equipping of 25 civil defence centres across several governorates. The project is expected to benefit more than 7 million people and strengthen emergency response and disaster management capabilities.
A further $60m will finance the rehabilitation of up to 10,000 damaged housing units in various areas of the country.
The healthcare sector will receive $100m to rehabilitate, construct and equip hospitals and health centres. The funding will support restoring essential and specialised healthcare services and expanding access to medical facilities.
The final agreement, worth more than $18m, will support the digital transformation and institutional development of Syria’s Ministry of Finance by implementing an integrated financial services system.
The agreements were signed by SFD CEO Sultan Al-Marshad and Syrian Finance Minister Mohammed Yisr Barnieh in Riyadh on 5 November.
The financing is part of Saudi Arabia’s wider support for Syria’s recovery. In September 2025, the kingdom provided two grants to Syria to supply crude oil and cover part of government employees’ salaries for three months.
That same month, Saudi Arabia’s Acwa and Water Transmission Company (WTCO) signed a technical services agreement with Syria’s Ministry of Energy and German engineering group Fichtner to study the country’s water resources and identify future desalination and water transmission projects.
The work will examine the potential for desalination and water transmission capacity of up to 1.2 million cubic metres a day. WTCO has said the proposed transmission network could extend for about 400 kilometres.
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Frontrunners emerge for Saudi substation projects9 November 2026

China’s TBEA Shandong Luneng Taishan Cable Company (TBEA) and Egypt’s Elsewedy have submitted the lowest bids for two substation projects in Riyadh Province, estimated to cost a combined $100m, sources have confirmed to MEED.
The $50m Qiddiya 2 Bulk Supply Point (BSP) project will provide a new bulk supply point to meet electricity demand in the Qiddiya development area. The scope includes constructing a main substation building and outdoor electrical yard, along with power transformers, high- and medium-voltage switchgear, protection and control systems, and supervisory control and data acquisition links.
The $50m Thadeq photovoltaic (PV) substation project will support grid connections and power exports from the Thadeq solar PV development. The scope includes a control building, outdoor switchyard, power transformers, switchgear, protection systems and Scada integration.
It is understood that both projects involve the construction of 380kV BSP substations.
Saudi Energy is the client for both projects.
The two tenders were issued earlier this year, with bids submitted in August and November for the Thadeq PV and Qiddiya 2 BSPs, respectively.
At Qiddiya, the additional infrastructure will support the development of entertainment, tourism, sports and residential facilities. Trading & Development Partnership is also developing a separate 380/132kV substation, known as BSP #9078, at Qiddiya.
The Thadeq project is part of the infrastructure required to connect new solar generation capacity to the national grid.
Saudi Energy has tendered several other 380kV substations and associated transmission lines this year, including projects serving planned solar and wind developments in the kingdom’s central, western and southern regions.
Bids were recently submitted for a separate BSP expansion project at Qurayyat in Al-Jawf Province, involving the construction of a 400kV substation to support higher power demand and improve grid reliability in the area.
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Contractor wins $197m Doha infrastructure works6 November 2026

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Qatar’s Public Works Authority (Ashghal) has awarded an estimated QR722m ($197m) contract to develop roads and infrastructure north of Al-Rifaa Street in Doha.
The contract was awarded to local firm Tadmur Contracting Company.
Six other contractors submitted bids:
- Qatar Trading & Contracting Group ($244m)
- Iris Construction Tourism Industry & Trade ($259m)
- Lotus Trading & Contracting ($260m)
- Generic Engineering Technologies & Contracting ($261m)
- Alghanim International / National Industrial Contracting ($268m)
- Hamad Bin Khalid Contracting Company ($281m)
The scope of work covers the construction of more than 34 kilometres of roads, dedicated plot developments, site clearance, backfill and earthworks.
The package also requires the installation of surface and groundwater drainage systems, a foul-water drainage network and treated sewage effluent lines.
In addition, the contractor will deliver a dedicated pumping station, an emergency flood area pond, 3,735 car parking spaces, road cross-sectional elements and verge parking bays.
Secondary infrastructure works include electrical distribution, water mains, utility lines, manholes, gully pots and house connections, along with kerbing, road pavement works, landscaping, street lighting, road markings and directional signage.
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