New $1 Billion Contract Signed in Saudi Arabia

KSA: GE Energy, SEC Sign Deal Nearing $1B
Zawya

Riyadh, Saudi Arabia - GE Energy has signed a contract for nearly US$1 billion to supply more than 30 Frame 7EA gas turbines for the Saudi Electricity Company's (SEC) Riyadh Power Plant 10 (PP10). This project, the latest in a series of GE contracts for SEC power projects, will add 2,000 megawatts of much needed power to help support the region's dynamic economic and population growth. ...

Palazzo Versace Contract Awarded to DEPA

Depa wins $32m Palazzo Versace contract
Trade Arabia - Manama, Bahrain

Depa Limited, one of the world's largest providers of interior contracting services, announced that it has won a Dhs129m ($32.7m) contract for the fit-out works of hotel rooms and furnished apartments in the prestigious Palazzo Versace Hotel in Dubai. ...

Dubai Lagoon Project Awarded

Schon picks contractor to complete Lagoon project
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Schon Properties has awarded the contract for the completion of the final two zones of its much delayed AED3 billion ($817m) Dubai Lagoon project.

The AED500 million deal with Bin Sabt Building Contracting will cover the construction of zones four and seven.

Causeway Opens New Office in Dubai

Software company opens new Dubai office
Construction Week Online - Dubai,United Arab Emirates
Construction software company Causeway has opened an office in Dubai to expand its presence in the region.

Philip Brown, CEO, said: "Causeway's business in the Middle East has grown rapidly over recent years. Committing dedicated resources demonstrates our further investment to the region, as well as reflecting our expectations for future growth. ...

Nakheel's Palm Monorail Contract Awarded

Nakheel and SMRTE ink Palm monorail contract
SteelGuru - Gurgaon, Haryana, India
Trade Arabia reported that Nakheel and SMRT Engineering Pte Limited have signed a contract for the operation of the Palm Monorail. The contract will see SMRTE take responsibility for the day to day running of the service including ticketing, on going maintenance, and operation of the monorail's stations.

Hyder Consulting Cuts jobs

Hyder Consulting to cut 400 jobs
Financial Times - London, England, UK
Hyder Consulting, the engineering consultants responsible for projects including the Sydney Harbour Bridge and the Burj Dubai tower, is cutting 8 per cent of its staff as a new management team restructures the business amidst challenging conditions for the global construction industry. ...