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INFRASTRUCTURE NEWS
A focus on the Middle East & Africa
Saudi ARAMCO signs $4.5 billion agreement for oil and gas megaprojects
The contract was signed as part of Saudi Vision 2030 and was designed to enhance the company’s energy sustainability, diversify Saudi Arabia’s economy, expand gas production, and localize domestic content.
China Communications Constructions Company to open Expressway in Uganda
The 49.5km expressway will open in May 2018, with 80% progress of civil work to date. It was observed that the only remaining impediment to completion is government's delay to resolve land acquisition issues in some places.
Doosan Heavy signs temporary deal to build a power plant in South Africa
The deal includes Korea Electric Power Corp. a,d Doosan Heavy Industries & Construction. The deal is estimated at $1.05 billion and will be officially signed in May 2018.
Four companies submitted bids for $15 billion sour gas project in Abu Dhabi
Technip, Fluor Corporation, Bechtel Corporation, Bechtel Corporation and Worley Parsons are the bidders for the engineering design of the sour gas project in Abu Dhabi.
Burkina Faso launches West Africa’s largest solar power plant
The 55-hectare power plant is the largest in the Sahel region and will produce 33 megawatts. The plant's solar panels are capable of annually pumping out 56 gigawatts.
Two counties in Kenya signed the Thwake Multi-Purpose Dam
The contract was signed by county governments of Makueni and Kitui with China Gezhouba Group Company. The dam that would provide clean water to over 1.3m people, is currently the largest project in East Africa.
VINCI awarded contract to build eight photovoltaic power plants in Senegal
The company was awarded a €26.8 million contract for the construction of eight photovoltaic power plant with a combined capacity of 17MW. The plants will be spread over four regions with a total of 62,850 solar panels, enabling to supply power to isolated regions.
Fluor Corporation awarded contract for Vopak fuel storage terminal in South Africa
Fluor corporation announced it was awarded the expansion project for Vopak fuel storage terminal in Durban, South Africa. The project is part of a program to exploit the increased demand for clean fuel in Southern Africa.
CB&I awarded $95 million EPC contract by Saudi Aramco
CB&I was awarded an engineering, procurement and construction management contract for SASREF refinery in Al-Jubail City, Saudi Arabia. The agreement was as part of SASREF’s modernization and expansion plans of its refineries.
China Gezhouba Group awarded contract for Nigeria hydro power project
CGGC signed an agreement for the hydropower project for $5.792 billion. The project is expected to be completed in 87 months with the consortium of CGGC, Sinohydro Corp. Ltd. and CGCOC Group Co. Ltd at stakes of 45, 35 and 20%, respectively.
EIFFAGE awarded contract for expansion project for Tema Port in Ghana
Meridian Port Services awarded the contract to a consortium formed by EIFFAGE worth $120 million. The project is due to commence in January 2018 and is expected to be completed in 28 months.
Dubai Hotel awarded “Hospitality Project of the Year” at CW Awards 2017
Jumeirah Al-Naseem hotel won the award at the Construction Week Awards 2017. The hotel won for its successful delivery in a challenging natural environment.
INFOMINEO RESOURCES
How heavily has China been investing in Africa?
While Africa has clearly benefited from a higher ODI inflow from China, it has not gotten more attention than other regions in the world. Chinese investments have increased worldwide and mainly in Asia.
Nigeria: Infrastructure investments needed to drive economic growth
Nigeria is experiencing the effects of its over-dependence on oil and under-investment in infrastructure, which will have serious socio-economic implications in the long-term if kept this way.
INFOMINEO
Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conducting custom research for clients, Infomineo also delivers an Expert Network service, an Executive Search service, and a Business Translation service.
Infomineo is a research provider. Our role is to find the data our clients need to take decisions and develop their businesses.
Our global coverage and unique expertise on Africa and the Middle East allow us to develop long-term relationships with leading global consulting firms and Fortune 500 companies.
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