Read the March 2025 MEED Business Review
6 March 2025
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A record-breaking performance last year underscores the growing influence of Chinese firms in the region’s projects market.
Chinese construction companies secured over $90bn in contracts in the Middle East and North Africa (Mena) in 2024. Their market share was 26% of the $347bn total for the region, according to regional projects tracker MEED Projects.
Within China, it is hard to imagine the scale of growth experienced by the country’s construction sector over the past two decades. Since 2004, it has expanded by over 800%, reaching an estimated value of $4.5tn.
This growth has created contractors that are now the largest construction companies on the planet. According to GlobalData, seven Chinese companies are among the top 10 largest construction companies in the world, with China State Construction Engineering Corporation at the top of the list with revenues of $320bn.
MEED's March edition of MEED Business Review looks at why the Middle East presents such an attractive option for these huge Chinese contractors, and discusses their maturing domestic market.
Our latest issue also includes a comprehensive report on the region's upstream oil and gas sector, where offshore investment in 2025 is expected to match – if not surpass – last year's level, and Saudi Arabia is striving to retain its dominance by investing in projects that aim to boost its producton capacity.
This month’s exclusive 13-page market report focuses on Egypt. Despite its challenges – not to mention the controversial suggestion by US President Donald Trump that Gaza’s population should be relocated to Egypt and other Arab countries – Cairo has managed to attract foreign investment and the country’s economy is showing signs of improvement.
Although concerns remain regarding the government’s need to implement structural economic reforms and remedy the growing infrastructure gaps, the total value of awarded contracts in the power sector doubled in 2024 and the construction industry is being bolstered by the $24bn Ras El-Hekma project.
This issue is also packed with exclusive interviews. Mark Thomas, group CEO of state energy conglomerate Bapco Energies, explains how Bahrain will benefit from its $7bn project by the end of 2025; Abdulaziz Alobaidli, chief operating officer of the UAE’s Masdar, outlines how the company aims to meet the “moonshot” renewables challenge; and Jerry Inzerillo, group CEO of Saudi gigaproject developer Diriyah Company, talks about the firm’s strong performance in 2024.
In the March issue, the team also examines how uncertainty and instability are damaging optimism in Libya's oil sector; discovers that power projects in Saudi Arabia have hit a record high, with a total capacity of 53GW now awarded and under construction; and also looks at how the kingdom is gearing up to lead the Gulf’s electric vehicle sector.
We hope our valued subscribers enjoy the March 2025 issue of MEED Business Review.

Must-read sections in the March 2025 issue of MEED Business Review include:
> AGENDA:
> Chinese firms dominate the market
> China construction at pivotal juncture
> CURRENT AFFAIRS:
> Uncertainty and instability damage Libyan oil sector optimism
|
INDUSTRY REPORT: |
> INTERVIEWS:
> Bahrain to benefit from $7bn project by year’s end
> Masdar meets renewable’s moonshot challenge
> Diriyah CEO sets the record straight
> SAUDI POWER: Saudi power projects hit record high
> AUTOMOTIVE: Saudi Arabia gears up to lead Gulf’s automotive sector
> EGYPT MARKET REPORT:
> COMMENT: Egypt battles structural issues
> GOVERNMENT: Egypt is in the eye of Trump’s Gaza storm
> ECONOMY: Egypt’s economy gets its mojo back
> OIL & GAS: Gas project activity collapses amid energy crisis
> POWER & WATER: Egypt’s utility projects keep pace
> CONSTRUCTION: Coastal city scheme is a boon to Egypt construction
> MEED COMMENTS:
> Firms ramp up Saudi tech investments
> UAE data centre policy highlights AI-energy nexus
> Bankability remains hydrogen’s unbreakable challenge
> Dubai construction heads underground
> GULF PROJECTS INDEX: Gulf hits six-month growth streak
> JANUARY 2025 CONTRACTS: High-value deals signed in power and industrial sectors
> ECONOMIC DATA: Data drives regional projects
> OPINION: Trump’s foreign policy shakes global relations
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts
Exclusive from Meed
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Chinese firm wins Dubai drainage contract20 July 2026
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Abu Dhabi launches E20 highway expansion project20 July 2026
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Related Articles
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Consultants submit bids for Saudi Arabia’s GCC rail link20 July 2026

Consultants submitted proposals on 14 July for a contract to provide design consultancy services for the Saudi Arabian section of the GCC railway network, which is intended to link all six member states.
Saudi Arabia Railways (SAR) issued the tender on 7 May, MEED previously reported.
The tender covers the concept, preliminary and issued for construction design stages. SAR requires the selected consultant to review, update and complete the existing preliminary design.
The consultants who submitted bids include:
- Atkins with Khatib & Alami
- DeutscheBahn with ARX
- Egis with Sener
- Idom with Dal al-Handasah
- Systra
Saudi Arabia’s section of the railway will start at Al-Khafji in the Eastern Province, near the border with Kuwait, and end at Al-Batha, on Saudi Arabia’s border with the UAE. The route length in Saudi Arabia will be about 672 kilometres (km).
The railway will interface with the Kuwait National Rail Road (KNRR) project on the Kuwaiti side. Last year, MEED exclusively reported that the KNRR design contract was awarded to Turkiye’s Proyapi Muhendislik ve Musavirlik Anonim Sirketi.
The KNRR forms part of the wider GCC rail network. GCC railway projects have gained renewed momentum since the six member states signed the Al-Ula Declaration in January 2021.
In October last year, Qatar’s cabinet approved a draft agreement paving the way for a railway link between Qatar and Saudi Arabia as part of the GCC railway network.
GCC railway line
Under the overall plan, the railway will run from Kuwait, pass through Dammam in Saudi Arabia, reach Bahrain via a planned causeway, and continue from Dammam to Qatar, the UAE and, ultimately, Muscat via Sohar in Oman. The railway is reported to span about 2,186km in total.
The route length within each member state is as follows: 684km in the UAE, 672km in Saudi Arabia, 306km in Oman, 283km in Qatar, 145km in Kuwait and 36km in Bahrain.
The railway is designed for passenger trains travelling at 220km/h and freight trains operating at 80-120km/h.
With high levels of project activity, governments in spending mode and renewed cooperation under the Al-Ula Declaration, the latest efforts to restart the GCC railway project may make more progress than previous attempts. If completed, the railway could prove transformational for a region that is globally connected but still divided by national borders.
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Chinese firm wins Dubai drainage contract20 July 2026
China State Construction Engineering Corporation (CSCEC) has announced it has won a contract to deliver a stormwater drainage pipeline package under Dubai Municipality’s Tasreef programme.
The contract is for the TF-15-C2 stormwater drainage network project located along Umm Suqeim Road in the Al-Barsha and Al-Quoz areas of Dubai.
MEED exclusively revealed in May that the contractor had been selected for the engineering, procurement and construction (EPC) contract. The project is estimated to cost $162m.
The scope of work includes the construction of about 20 kilometres of new stormwater pipelines, together with associated inspection and intake manholes. The project is located west of the Dubai Canal and will connect the Al-Quoz 3 and Al-Quoz 4 industrial areas with Al-Quoz 1.
It is being delivered as part of Dubai’s Tasreef strategic plan, which supports the Dubai 2040 Urban Master Plan. Once completed, the new drainage infrastructure is expected to improve the emirate’s stormwater network, increase flood protection and enhance the resilience of Dubai’s infrastructure.
In February, the municipality confirmed it had awarded contracts for five new projects under phase two of the programme to expand and strengthen Dubai’s stormwater drainage network.
These include a separate contract awarded to CSCEC for the TF-11-C1 stormwater drainage project in the Dubailand area.
Also in February, Dubai Municipality invited consultants to qualify for a contract to supervise construction on the TF-15-C2 stormwater drainage projects along with two other projects (TF-13-C1 and TF-16-C1) under the Tasreef programme.
According to a source, a consultant has yet to be appointed.
TF-16-C1 involves upgrading and rehabilitating the stormwater system east of the Dubai Canal, while TF-13-C1 involves building a water pipeline stormwater drainage system at Al-Marmoum, Al-Qudra and Al-Yalayis 2 & 3.
Bids are currently under evaluation for the EPC contracts for both projects.
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Dubai receives eight bids for Hassyan SWRO pipeline contract20 July 2026
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Eight contractors have made offers for a contract to supply, install, test and commission glass-reinforced epoxy (GRE) water transmission pipelines and associated works for the Hassyan seawater reverse osmosis (SWRO) phase two network in Dubai.
The contract relates to project one of the Hassyan pipeline network expansion being undertaken by state utility Dubai Electricity & Water Authority (Dewa).
Local firm Binladin Contracting Group submitted the lowest offer of AED335.92m ($91.5m), according to results published by the utility.
The other bids were:
- Green Oasis General Contracting (UAE) – AED345.00m ($93.9m)
- Al-Nasr Contracting (UAE) – AED391.54m ($106.6m)
- Wade Adams Contracting (UAE) – AED393.80m ($107.2m)
- RMB Contracting (UAE) – AED437.96m ($119.3m)
- Tristar Engineering & Construction (UAE) – AED441.55m ($120.2m)
- Shapoorji Pallonji Mideast (UAE/India) – AED451.47m ($122.9m)
- Gulf Petrochemical Services Trading (UAE) – AED495.20m ($134.8m)
RMB also submitted a conditional discounted offer of AED427.02m ($116.3m). Three companies submitted regret notices, while one offer was rejected after no valid commercial offer was received.
In January, Dewa announced that construction of the 180-million-imperial-gallon-a-day phase one of the Hassyan SWRO independent water project was 90% complete.
Dewa has two other contracts out for tender for GRE water transmission pipeline work related to the Hassyan SWRO phase two network.
Project two was tendered on 22 January and has a bid submission deadline of 21 July. Project three was tendered on 26 January and has a bid submission deadline of 29 July.
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Abu Dhabi launches E20 highway expansion project20 July 2026
Abu Dhabi’s Department of Municipalities and Transport (DMT) has announced the E20 highway expansion project.
The scheme covers widening the main carriageway from three to five lanes, constructing more than 10 kilometres (km) of new ramps and loops, and building four bridges.
Works also include 1.5km of internal roads and the addition of eight signalised junctions across Khalifa City and the Zayed International airport precinct.
The project includes utility works, comprising 62km of stormwater drainage, 37km of irrigation networks and the installation of 485 streetlights.
The E20 expansion is one of the major infrastructure schemes being overseen by DMT in Abu Dhabi.
Separately, DMT is evaluating bids for a design-and-build contract to construct two bridges serving Hudayriyat Island in Abu Dhabi.
The scope includes a two-lane bridge connecting 32nd Street to Shakhbout Bin Sultan Street, and a single-lane bridge on 8th Street. It also includes upgrades to signalised intersections.
Shakhbout Bin Sultan Street is a two-way road with three lanes in each direction, providing access to and from Hudayriyat Island.
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Firms given more time for Mid Island Parkway prequalifications20 July 2026

Abu Dhabi’s Modon Infrastructure has extended the deadline to 31 July for firms to submit expressions of interest and prequalification statements for the next phase of Abu Dhabi’s Mid Island Parkway Project (MIPP), which will be developed as a public-private partnership (PPP).
The previous deadline was 15 July. MEED understands the prequalification notice was issued in June, following Modon Infrastructure’s invitation in May for firms to register their interest.
Modon Infrastructure will act as the lead developer and will hold a majority equity stake in the project company. It will award contracts for engineering, procurement and construction; operations and maintenance; and project advisory services.
Phase two of the MIPP involves the construction of about 11 kilometres (km) of highways, comprising a mix of three-, four- and five-lane sections. The highways will connect the Um-Yifeenah, Al-Jubail, Al-Sammaliyyah and Sas Al-Nakhl islands to Khalifa City and the E10 road.
The scope also includes the construction of three interchanges – E20, E10 and Dumbbell – on Al-Sammaliyyah Island.
The project includes several major structures, including the E20 interchange, which will feature cast-in-place box-girder and void-slab bridges, and the E10 interchange, which will feature cast-in-place box-girder bridges. It also includes I-girder bridges between Raha Beach West and Sas Al-Nakhl Island, as well as a causeway at Sas Al-Nakhl Island.
Further elements include a cast-in-place balanced cantilever bridge between Sas Al-Nakhl Island and Al-Sammaliyyah Island; a tunnel between Al-Sammaliyyah Island and Bilrimaid Island; and a cut-and-cover (open) tunnel on Bilrimaid Island. Another tunnel will connect Bilrimaid Island to Um-Yifeenah Island.
Abu Dhabi awarded three packages for phase one of the MIPP in 2024. The contract for Package 1A was awarded to a joint venture of Turkish contractor Dogus Construction and UAE firm Gulf Contractors. Package 1B was awarded to a joint venture of Yas Projects (Alpha Dhabi Holding) and China Railway International Group. Beijing-headquartered China Harbour Engineering Company and the UAE’s Agility Engineering & Contracting Company won the contract for Package 1C.
Phase one starts at the existing Saadiyat Interchange, connecting the E12 to the MIPP, and ends at the recently constructed Um-Yifeenah Highway.
It comprises a dual main road with a total length of 8km, including four traffic lanes in each direction, two interchanges, a tunnel and associated infrastructure works.
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