THE BIG PICTURE
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Bombardier consortium wins $4.5bn contract to build two monorail lines in Egypt
Hilton, Alshaya Group to develop 70 hotels in nine countries
Canadian manufacturing group Bombardier Transportation, in consortium with Orascom Construction and Arab Contractors, has signed a contract worth more than $4.5bn for the construction of two new monorail lines in Egypt. The consortium will be responsible for both design and construction and operation and maintenance of the lines for 30 years after completion. The two lines will have the capacity to transport around 45,000 passengers per hour in each direction.
September 2019 | MEConstructionNews.com
11 SAUDI ARABIA
TRSDC awards construction contract for Construction Village at Red Sea Project The Red Sea Development Company (TRSDC), the developer behind the Red Sea Project in Saudi Arabia, has awarded a contract for the construction of a residential village for workers. Following a competitive tender, the contract for the Construction Village was awarded in two parts to an ARCCO-Speedhouse joint venture based in the UAE, and to a Saudi company, Al Majal Al Arabi Group. Each will construct 5,000 units over the next ten months to house the initial 10,000 construction workers employed on the site.
Global hospitality firm Hilton has signed a master development agreement with international franchise operator Alshaya Group to develop 70 Hampton by Hilton hotels in nine countries. Under the terms of the agreement, the inaugural hotel is expected to be opened in Kuwait in 2021, followed by another 50 within the next eight years, while another 20 are in the pipeline. To be located in the Middle East and North Africa, Turkey and Russia, the hotels will significantly expand Hampton by Hiltonâ€™s presence in those regions.