Wednesday, 14 January 2015

Nakheel awards $11.9 million contract to build new retail space Al Furjan community

Nakheel awards $11.9 million contract to build new retail space Al Furjan community

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Nakheel awards $11.9 million contract to build new retail space Al Furjan community

Nakheel a Dubai-based developer announced that it has awarded a contract award worth $11.9 million (Dhs44 million) for the construction of a new community centre in its Al Furjan development in the emirate.

The developer has selected Metac General Contracting to construct the new 10,000 square metre and recreation centre, which will contain 24 shops, including a 3,000 sqm supermarket, 10 cafes and restaurants, a swimming pool, sports court, gym and parking for 360 cars. More than 70 per cent of the retail space has already been booked, according to Nakheel.

Construction of Al Furjan’s new community retail hub is scheduled to begin in fourth quarter 2014, with anticipated opening in March 2016.Read complete stry at http://www.tendersontime.com/blog-detail/nakheelwards-119-million-contract-build-new-retail-space-al-furjan-community-121.php
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Monday, 12 January 2015

Keolis and Amey bags Docklands Light Railway franchise

Keolis and Amey bags Docklands Light Railway franchise

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Keolis and Amey bags Docklands Light Railway franchise

 Transport and Related Services
TRANSPORT for London (TfL) has appointed Keolis Amey Docklands, a joint venture of Keolis (70%) and Amey (30%), to operate and maintain the Docklands Light Railway (DLR) automated metro network up till April 2021 with an provision for a two year extension.

According to TfL, The total value of the contract award will be above £700m over the duration of the franchise and extension period. Keolis Amey Docklands will take over operation of the network from Serco Docklands on December 7.
Serco, Stagecoach Rail Projects, and a joint venture of Go-Ahead and Colas Rail which withdrew from the competition before it concluded were some of the shortlisted bidders.Read complete story at http://www.tendersontime.com/blog-detail/keolisnd-amey-bags-docklands-light-railway-franchise-120.php
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Friday, 9 January 2015

DEWA to build $20 million new substation in Jumeirah

DEWA to build $20 million new substation in Jumeirah

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DEWA to build $20 million new substation in Jumeirah

The Dubai Water and Electricity Authority (DEWA) has contract awarded a contract to construct a new $20 million (Dhs76 million) substation in Jumeirah to satisfy the increasing demand for electricity in the region.

The new 132/11kV substation is one among the series of development projects held by DEWA to boost up the city’s power capacity.

No specific details were revealed about who the contract was awarded to and the project’s completion date.

The project will raise DEWA’s networks capacity to transfer electricity to Jumeirah and results in efficient and reliable networks throughout these demanding areas and assures continual and stable supply to all the consumers 24/7. Dubai’s construction plans and goals for economic growth are likely to be supported by these stations, as they engage the latest digital substation technologies which is much reliable and efficient in nature, says, Saeed Mohammed Al Tayer, managing director and CEO of DEWA.Read complete story at http://www.tendersontime.com/blog-detail/dewa-build-20-million-new-substation-jumeirah-119.php
To meet up the increasing electricity requirement across the Emirate, a number of substations has been commissioned by DEWA.
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Tuesday, 6 January 2015

NASA inks $2.8 billion deal for SLS rocket stage with Boeing

NASA inks $2.8 billion deal for SLS rocket stage with Boeing

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NASA inks $2.8 billion deal for SLS rocket stage with Boeing

After the completion of Critical Design Review by NASA and Boeing followed the contract signing ceremony of the new $2.8 billion contract awward.

Boeing has earned a contract from NASA to assist in development of the Space Launch System (SLS), which is an unconventional, heavy-lift launch vehicle being developed to raise the bars of science and human exploration in outer space.

Earlier, for national security related space launches NASA contracted Boeing. The supplies of rocket engines to NASA after importing them from Russia is handled by the United Launch Alliance (ULA), a joint venture of Lockheed Martin and Boeing.tender A big controversy recently took place after the US imposed sanctions on Russia for being engaged in annexation of Crimea. The ULA's connections with Russia were publicly petitioned by ULA's connections with Russia.Read complete story at http://www.tendersontime.com/blog-detail/nasaks-28-billion-deal-sls-rocket-stage-boeing-118.php
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Alpen Capital report: GCC aims to spend $150 billion on education

Alpen Capital report: GCC aims to spend $150 billion on education

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Alpen Capital report: GCC aims to spend $150 billion on education

A new study shows, annual 3% growth rate in the number of students in the GCC region is expected between 2013 and 2020 to reach 13.7 million.

The GCC is poised to experience a recurring spend of $150 billion in its education sector over the next few years, according to the Alpen Capital report.

Due to the increasing demand of both locals and foreigners, the total number of schools in the region is likely to emerge at a compound annual growth rate (CAGR) of 2.4 per cent from 2013 to 2020.contrct award

According to Mahboob Murshed, managing director, Alpen Capital - The education sector is developing at a very rapid pace in the region and thus providing opportunities for private investors. The M&A activity has picked up in the sector in recent times. Private players, both local and international, are drawn to segments such as the K-12 and higher education recently, which are the largest sector within the sector, In addition the new and promising industry specific, niche sectors such as vocational training, child-skill enhancement, finishing schools, and e-learning are also getting investor attention due to their increasing demand.tender

The UAE is the most developed education market in the region while Saudi Arabia is the largest market in the region, accounting for more than 75 per cent of the gross enrollment within the GCC, the report found.

Alpen Capital also noted a growing demand for private schools offering international curriculum in the region.

The setting up of private schools in the region has been driven by the increasing expatriate. Anticipating the capacity, various international schools are setting up their branches or are entering into partnerships with the present private institutions in the region.Read complete story at http://www.tendersontime.com/blog-detail/alpen-capital-report-gccims-spend-150-billion-education-117.php
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Punj Lloyd gets LoA for $236 million KNPC project

Punj Lloyd gets LoA for $236 million KNPC project

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Punj Lloyd gets LoA for $236 million KNPC projectPunj Lloyd an EPC conglomerate has received a Letter of Award for a $236.09 million project from Kuwait National Petroleum Company (KNPC) to extend and remodel Ahmadi Depot in Kuwait.

The scope of work involves the design, procurement, detailed engineering, construction and commissioning of 11 new floating roof product tanks with an estimated capacity of 228,000m3. The project is expected to be finished over 35 months. This project is the first ever contract by Punj Lloyd in Kuwait.
It also involves associated civil work, interconnecting piping, construction of multi-product loading points, sub-substation with all electrical systems consisting emergency power supply.

It further engages in replacement of depot automation systems (TAS), integration to the new tank gauging system, upgrading of existing Vapour Recovery Unit (VRU), Cathodic Protection System with remote monitoring, fire protection system and all utility packages.Read complete story at http://www.tendersontime.com/blog-detail/punj-lloyd-gets-loa-236-million-knpc-project-116.php
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India: Drake & Scull secures $82.7 million power project

India: Drake & Scull secures $82.7 million power project

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India: Drake & Scull secures $82.7 million power project
The Uttarakhand Power Sector Investment Program-Project in Uttarakhand, India, awarded the $82.7 million deal for the electrical transmission line to Drake & Scull International (DSI), a regional firm expertise in integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas.

The contract award includes construction of a new 400 kV Double Circuit (DC) transmission line.

The Uttarakhand Power Sector Investment-Project is a hydropower project, which will function from Srinagar to Kashipur in Kumaon to improve the hydropower development in Uttarakhand. The working activity for DSI contains the construction of 152 kilometers transmission line on quadruple bundled Bersimis conductor. The survey, design, fabrication and supply of 400 kV DC transmission line towers, supply of conductors and insulators, erection of towers and other related materials, and testing and commissioning of the whole transmission line will also be handled by the company.Read complete story at http://www.tendersontime.com/blog-detail/india-drake-amp-scull-secures-827-million-power-project-115.php
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