After international construction and development major Dubai World failing to repay its huge pile of debt on time, the state of its bids for development of container terminal berths at major ports in India may come under the scanner… Source: Indian Express, November 28, 2009
The two Belgian dredge contractors which built the Palm Islands and other prestigious projects have still tens of millions of euros to invoices outstanding with Dubai World and its ailing subsidiaries in the project. It’s are DEME and Jan De Nul Dredging… Source: De Morgen, November 27, 2009;
ROTTERDAM – Bert Groothuizen, spokesman of Dredging company Van Oord said Thursday that they are not affected by the financial turmoil around Dubai World, the state owned project developer… Source: De Financiele Telegraaf, November 26, 2009
AMSTERDAM – Royal Boskalis Westminster nv is not active in Dubai and is therefore not affected by the current financial problems in the country, said a spokesman from the dredging contractor Thursday… Source: Financieel Dagblad, November 26, 2009
According to MEED (Middle East Business Intelligence) Bahrain’s local real estate developer Manara Developments has awarded US-based Great Lakes Dredge & Dock Company an estimated BD10m ($26m) contract… Source: MEED, November 24, 2009 / Gulf Daily News, June 29, 2oo9
DUBAI – Abu Dhabi’s National Marine Dredging Co or NMDC, said Monday it won a 1.5 billion U.A.E. dirham ($408.7 million) contract to build a 63.5-kilometer canal in the U.A.E.’s largest emirate… Source: Maktoob, November 23, 2009;
Abu Dhabi National Oil Company (ADNOC) has awarded a Dh2.3 billion (US$639 million) contract to National Marine Dredging related to a project to build artificial islands in the Gulf… Source: The National, November 12, 2009
Prime Minister Ali Mujawar got acquainted on Wednesday with the work progress in Aden Container Terminal (ACT) in Aden Free Zone (AFZ) and the expansion plans in the ACT… Source: Yemen News Agency, November 11, 2009
Mighty boost to Saudi construction capability… Source: Arab News, November 8, 2009;
Nakheel has offered investors in the stalled Palm Jebel Ali development alternative homes on other projects, casting further uncertainty over the future of the vast reclaimed island… Source: The National, November 5, 2009;
DP world has decided to postpone implementation of a 3rd terminal in Jebel Ali till 2013… Source: Port Technology, November 5, 2009;
National Marine Dredging (UAE) wins Zadco islands reclamation deal as part of a scheme to boost production at the Upper Zakum field to 750.000 barrels a day. Source: MEED, November 1, 2009;
