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Tag Archives: construction

Construction, unemployment decrease in H1 of 2016

WASHINGTON: With the first half of 2016 now behind us, it seems like a great time to examine the performance of the local economy. It is a bit difficult to do a comprehensive review since not all of the numbers are available for mid-year, but we will address some of the primary components to get a sense of how the ... Read More »

Saudi Arabia’s building, construction exports rise by 6% annually

RIYADH: The domestic export of construction and building materials and products grew at a constant rate of six per cent per year, reveals a senior official. Feras Abalkhail, marketing and corporate communications general director at Saudi Export Development Authority, says that the largest share of building and construction exports goes to the GCC states, followed by North Africa with 13 ... Read More »

BikeVille innovation centre takes shape in Belgium

BRUSSELS: Construction has finished on the external walls for BikeVille, a modernist building on an industrial estate in Paal, a town in Flanders, the Dutch-speaking part of Belgium. When it opens in April 2016 the 2400m2 BikeVille will contain a wind tunnel, a concept store and a business “incubator” section with 25 cycling firms, including start-ups. BikeVille is the centrepiece ... Read More »

Kenya start talks with Uganda on financing, construction of oil pipeline

NAIROBI: Kenya started talks with neighboring Uganda on the financing and construction of an oil pipeline that will link the two countries and ferry crude produced by companies including Tullow Oil Plc, the Kenyan Energy Ministry said. Discussions that also looked at project time frames and involved officials from both East African countries began this week, Joseph Njoroge, the ministry’s ... Read More »

Grafton outperforms on Irish construction, revenue rises 7% to £1.08b

DUBLIN: In the six months to June 30th, 2015 revenues rose by 7 per cent to £1.08 bn (€1.47bn), while group operating profit was up 21 per cent to £61.2 m and operating profit margin increased to 5.6 per cent from 5 per cent. Profit before tax rose by 26 per cent to £57.9 m, while net debt declined to ... Read More »

Hungaryʼs construction sector output up 2.3% in May: KSH

BUDAPEST: Output of the construction sector in Hungary saw a year-on-year rise of 2.3% in May, decelerating from a y.o.y. growth of 10.8% growth in the previous month, the Central Statistics Office (KSH) said today. In year-on-year terms, the number of newly constructed buildings decreased by 5.0%, while civil engineering works rose by 8.7%, the statistics office said. According to ... Read More »

Turkey construction company Yüksel wins $614m Saudi rapid bus contract

ANKARA: Turkish construction company Yüksel has won a rapid bus transit system contract worth $614 million, as reported by Arab News. The Riyadh Rapid Bus Transit System is a part of the King Abdulaziz Transport System plan and will accelerate the shift from private cars to public transportation systems, according to Arab News. The Turkish company has reportedly received a ... Read More »

Turkey construction company Yüksel wins $614m Saudi rapid bus contract

ANKARA: Turkish construction company Yüksel has won a rapid bus transit system contract worth $614 million, as reported by Arab News. The Riyadh Rapid Bus Transit System is a part of the King Abdulaziz Transport System plan and will accelerate the shift from private cars to public transportation systems, according to Arab News. The Turkish company has reportedly received a ... Read More »

Polish railway construction market to exceed PLN 6b in 2015

WARSAW: Poland’s railway construction market will grow to some PLN 6.2 billion in 2015 from PLN 5.3 billion in 2014, while the value of production in the following year will likely decline, according to researcher PMR. “As a result of slow launching of investments from the new EU budget, declines in this segment of construction are highly likely in 2016,” ... Read More »

Polish railway construction market to exceed PLN 6b in 2015

WARSAW: Poland’s railway construction market will grow to some PLN 6.2 billion in 2015 from PLN 5.3 billion in 2014, while the value of production in the following year will likely decline, according to researcher PMR. “As a result of slow launching of investments from the new EU budget, declines in this segment of construction are highly likely in 2016,” ... Read More »

Greece, TurkStream construction of 11,00 Km to start end-June

ATHENS: Construction of the 1,100-kilometer TurkStream pipeline supplying Russian gas to Turkey will begin at the end of June, a spokesman for the Gazprom-backed project has told AFP. The official attending a global gas conference in Paris said that an accord concluded in May with the Saipem construction group will allow work on the first of four sections of TurkStream ... Read More »

Greece, TurkStream construction of 11,00 Km to start end-June

ATHENS: Construction of the 1,100-kilometer TurkStream pipeline supplying Russian gas to Turkey will begin at the end of June, a spokesman for the Gazprom-backed project has told AFP. The official attending a global gas conference in Paris said that an accord concluded in May with the Saipem construction group will allow work on the first of four sections of TurkStream ... Read More »

Construction of high-tech valley with 5,000 R&D companies begins in Kocaeli

ANKARA: Foundation of high-tech valley was laid to become a town with 5,000 research and development (R&D) companies and 100,000 employees, with a ceremony attended by Science, Industry and Technology Minister Fikri Işık. High-tech valley, which is being established to increase Turkey’s competitive power in the field of global innovation and information technologies, is being constructed on 740 acres in ... Read More »

Spanish construction sector employment rises to 1.06m in Q1 of 2015

MADRID: The latest Active Population Survey published on 23rd April reports that the number of people employed in the construction sector in Spain in the first quarter of 2015 was 1.06 million, 12.5% more than twelve months previously, and while some of this increase may be due to there being more activity related to public works contracts there seems to ... Read More »

Spanish construction sector employment rises to 1.06m in Q1 of 2015

MADRID: The latest Active Population Survey published on 23rd April reports that the number of people employed in the construction sector in Spain in the first quarter of 2015 was 1.06 million, 12.5% more than twelve months previously, and while some of this increase may be due to there being more activity related to public works contracts there seems to ... Read More »

Construction remains Greece’s worst hit sector as decline by 78% in five years

ATHENS: The Greece crisis of five years, construction sector face decline with its added value dropping 78 percent within five years, while one of the biggest local firms, Michaniki, has just been forced into administration. A recent study by the Foundation for Economic and Industrial Research (IOBE) showed that construction saw its added value lose 78 percent from 2008 to ... Read More »

Polish office construction hike PLN 3.6b in 2014

WARSAW: After two years of declines, construction and assembly output generated by the office construction segment is expected to grow to PLN 3.6 billion 2014, just a little lower than the PLN 3.8 billion record outputs of 2012, the latest report by PMR market research and consulting company says. The office market is also expected to increase in 2016, as ... Read More »

Greece new pipeline to create 2,000 jobs, entail €2m investment

ATHENS: According to Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis “The initial agreement for the construction of the new natural gas pipeline that will start from the Greek-Turkish border and will reach central Europe via Greece  a project with knock-on effects for the Greek economy – is expected to be signed within the next few days”. According to Productive ... Read More »

Estonian workers ratio to Finland drops in 2015

HELSINKI: The Confederation of Finnish Construction Industries’s CEO Kim Kaskiaro said that there is a noticeable drop in Estonian workers coming to work in Finland at the end of February 2015. He further added that the drop ratio of Estonian workers started at the end of 2012 and since then it is decreasing steadily. Whether the drop is due to ... Read More »

India’s Shapoorji Pallonji wins $525m Kuwait University construction deal

KUWAIT CITY: Indian conglomerate Shapoorji Pallonji has announced that it has won the contract to build, operate and maintain the colleges of social science, law and Sharia and Islamic studies, for Kuwait University. Valued at just under KD150 million ($525 million) and with a contract period of 42 months, the deal also includes work on the prayer areas and faculty ... Read More »