The top 11 construction contracts awarded in September 2024

As we enter the final quarter of the year, we reflect on the game-changing contract wins that made waves in the industry throughout September.

Emphasising innovation, sustainability, and economic diversification, the latest construction contracts highlight the industry’s continued progress and pave the way for transformative developments in the coming months.

Some companies that stood out last month include Lantania, Dutco Construction, Red Sea International, Saipem, Al Turath Al Aseel Contracting, and Dar Al-Handasah Consultants.

1.?Dar Al Aayan Contracting: Woodland Residences

Scope of work: Main contractor

Value: $115 million

Luxury real estate developer AMIS has awarded the main construction contract for its highly anticipated $115 million (AED425 million) Woodland Residences project to Dar Al Aayan Contracting. Due to overwhelming demand following the unveiling of the project in January 2024, the project was 100% sold out within one week of its launch.

“We are thrilled to appoint one of the top contractors for this prestigious project,” said Neeraj Mishra, Founder & CEO of?AMIS Properties . “With the exceptional cash flow from our quick sell-out, we are on track with our project milestones. The Woodland Residences is a testament to the strength of Dubai’s luxury real estate market, and we look forward to delivering a truly unique living experience.”

Omar Gull, Managing Consultant and CEO of Cledor stated: “We are delighted with this selection. After a competitive bidding process involving 25 contractors, we conducted a rigorous technical and quality evaluation and are pleased to have chosen Dar Al Aayan Contracting.”

Read more here.

2.?Lantania: NEOM biosolids treatment facility

Scope of work: Turnkey EPC contract

Lantania, a leading Spanish group specialising in infrastructure, water, and energy, has won the contract to build a state-of-the-art biosolids treatment facility in?NEOM , Saudi Arabia’s groundbreaking futuristic city located in the northwest.

The turnkey EPC contract, awarded as part of the upgrade for the Al-Badaa Water Recycling Plant, will see Lantania collaborate with Saudi partner Tawzea to design, construct, and commission the facility, which includes an innovation and demonstration centre. The facility will use cutting-edge technologies such as a Sequential Biological Reactor (SBR) and solar drying to treat sludge from a nearby wastewater recycling plant.

Read more here.

3.?Dutco Construction: Gran Meliá Hotel – Dubai Jumeirah

Scope of work: Main contractor

ASB Hospitality has officially appointed Dutco Construction as the main contractor for the highly anticipated Gran Meliá Hotel – Dubai Jumeirah.

This project marks the first beachfront property under the Gran Meliá brand in the UAE, promising to be a landmark addition to Dubai’s luxury hospitality sector.

Situated on the prime headland of Port De La Mer in Jumeirah, the development spans a total plot area of 31,066 sqm. It will feature a gross floor area (GFA) of 42,522 sqm and a built-up area of 88,909 sqm. The resort’s design includes 2B+G+P+4+R structures that offer stunning, uninterrupted views of the Arabian Gulf from three sides, along with panoramic vistas of the iconic Dubai skyline, establishing it as a prized jewel along Dubai’s coastline.

Read more here.

4.?Red Sea International subsidiary: Modern Building Leaders Co. project

Scope of work: Supply, installation, testing, and commissioning of MEP and infrastructure works

Value: $405.5 million

Modern Building Leaders Co. (MBL) has awarded a contract worth $405.5 million (SAR1.52 billion) for mechanical, engineering, plumbing (MEP) and infrastructure works.

In a filling to the Saudi bourse Tadawul on Wednesday, Red Sea International said its subsidiary The Fundamental Installation for Electric Work Co. Ltd. (also known as “First Fix) signed a contract on 11 September with MBL to execute MEP and infrastructure works on one of its projects.

The scope of work includes ?the supply, installation, testing, and commissioning of mechanical, electrical, plumbing (MEP), and infrastructure works, and is expected to be completed in 19 months.

Read more here.

11.?Saipem: Marjan, Zuluf, and Safaniyah oil and gas fields

Scope of work: Engineering, Procurement, Construction, and Installation (EPCI)

Value: $1 billion

Italy’s engineering firm specialising in engineering and construction has secured two offshore contracts from Saudi Arabia’s Aramco.

The contracts are worth $1 billion combined and are part of an existing 12-year agreement signed in 2020 between Aramco and Saipem for the provision of engineering and construction services.

The two new contracts cover engineering, procurement, construction, and installation of infrastructure, including subsea pipelines, at the Marjan, Zuluf, and Safaniyah oil and gas fields.

Read more here.

Click here to read the full list of Top 11 construction contracts awarded in September 2024

CW Awards Middle East 2024 — Shortlist

And the entries are in!

Nominations have closed and the shortlist for the upcoming Construction Week Awards Middle East 2024 will be announced on Tuesday, 15 October.

While we await the results, check out all the winners from last year here, and the shortlist for the CW Awards KSA 2024 here.

Stay tuned!

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