Hyundai Engineering & Construction Co.,Ltd.’s Post

Samail industrial city: Driving growth and investment in Oman Samail Industrial City in #Oman has seen significant growth in 2023, with 24 new projects attracted and localized, bringing the total number of projects to 157. The sprawling industrial complex spans over 11 million sqm and hosts projects covering an area of 2.2 million sqm. Engineer Yasser bin Ibrahim Al Ajmi, Director General of Samail Industrial City, highlighted the city's commitment to implementing pivotal projects, such as a water connection project with Oman Water and Wastewater Services Company. The city also has an investment opportunity for developing a residential city. The city's strategic sectoral division demonstrates its commitment to facilitating industry-specific growth, with sectors like food, logistics, construction materials, steel and wood, plastic and paper, marble, and SMEs showing promising occupancy rates. Occupancy rates in the construction materials sector stand at over 26%, with remarkable demand observed in the steel and wood sector, boasting an occupancy rate exceeding 60%. https://lnkd.in/dkjXqJBn

The Line : (styled THE LINE; Arabic: الخط AL KHATT) is a linear smart city under construction in Saudi Arabia in Neom, Tabuk Province, which is designed to have no cars, streets or carbon emissions.The 170-kilometre-long (110 mi) city is part of Saudi Vision 2030 project, which Saudi Arabia claims will create around 460,000 jobs and add an estimated $48 billion to the country's GDP. The Line is planned to be the first development of a $500 billion project in Neom. The city's plans anticipate a population of 9 million 25% of Saudi Arabia's current population of 35.5 million. Excavation work had started along the entire length of the project by October 2022. Future is here, it’s getting real 🏹👁️ #SaoudiArabia🇸🇦 #NewEra #NewAge

Attention Portuguese Construction and Engineering Firms: Landmark Opportunity in Saudi Arabia! Exciting news for Portuguese construction and engineering companies seeking to expand into the Middle East! The New Murabba Development Company in Saudi Arabia has opened bidding for contractors to contribute to the development of The Mukaab, a colossal and iconic mixed-use project set to become a cornerstone of the new Riyadh development. This presents a remarkable opportunity for Portuguese firms to showcase their expertise on a global stage. The Mukaab's sheer scale, measuring 400 meters in each direction and envisioned as a "centrepiece" and "icon," demands exceptional construction and engineering capabilities. Portuguese companies with a proven track record in innovative and high-profile projects are well-positioned to compete for a role in this groundbreaking development. Don't miss this chance to establish your presence in the dynamic Middle Eastern market! #portugal #abudhabi #saudiarabia #middleeast #business #investment #TheMukaab #NewMurabba #Construction #Engineering Portuguese Business Council - UAE

The scale, scope, and ambition of the GCC’s #Megaprograms could transform the global construction sector. Learn how the GCC can take advantage of the mega opportunity.

As work on the 1,000-metre-plus Jeddah Tower gets back on track, Saudi Arabia is set to steal the title of world’s tallest tower from Dubai. A landmark moment for Saudi Arabia’s construction sector in mid-September when Jeddah Economic Company invited firms to bid for a contract to complete the world’s tallest tower project. Work on the tower is back in full swing. Saudi Arabia is currently building some of the world’s most audacious infrastructure projects as it seeks to decrease its reliance on the exportation of oil. The Saudi Arabian construction industry, valued at US$120.4 Billion in 2021, is poised for expansion with an anticipated annual average growth rate (AAGR) of 4% or more from 2023 to 2026.   This surge is driven by substantial investments in transportation, renewable energy, housing, and tourism projects, aligned with the KSA Vision 2030 initiative, construction plays a pivotal role in this strategy. With over 5,200 ongoing projects worth a combined total of US$819 Billion, Saudi Arabia stands at the forefront of bustling mega-city construction. This is a great reminder that although inflation is projected to remain persistent, tight monetary and fiscal policies across the region amid tight global financial conditions call for accelerating structural reforms to bolster potential growth and enhance resilience. The Saudi construction market is a booming opportunity for foreign companies. The country is investing heavily in infrastructure, housing, and tourism projects, which is creating a huge demand for construction services, as foreign companies can tap into this growing market and help to build the future of Saudi Arabia, as we navigate towards achieving KSA Vision 2030. https://lnkd.in/eQicxW2k #ksavision2030 #PPP #businessdevelopment #Gotomarket #Revenuegrowth #Commercialization #JeddahTower #TallestTowerRace #SaudiConstruction #InfrastructureBoom #SaudiVision2030 #ConstructionOpportunities #SaudiArabiaGrowth #BuildingTheFuture #EconomicResilience #GlobalConstruction #KSAInfrastructure #ConstructionIndustry #SaudiArabianProjects #OilDiversification #ConstructionSector #SaudiEconomicGrowth #MegaCityConstruction #ForeignInvestment #InflationConcerns #SustainableGrowth

BOS construction in Vietnam

Saudi Arabia is undergoing transformation at breakneck speed, as the Kingdom aims to reduce its dependence on oil and diversify its economy to incorporate public services and tourism under its Vision 2030 project. While headline-grabbing projects like the 170km linear city, The Line garner huge amounts of publicity, elsewhere in the country, there is a wide array of other ambitious projects worth many billions of dollars, presenting opportunities for architecture, engineering and construction companies all over the world. International Construction takes a look at 17 of Saudi Arabia’s biggest megaprojects: Four of those projects - The Line, Oxagon, Sindalah and Trojena - are in the special economic area of Neom in the northwest of Saudi Arabia. Together they are expected to cost in the region of $500 billio https://lnkd.in/e8bdPUvP #Saudiarabia #KSA #ksajobs #saudivision2030 #saudi #ksajobs #construction #saudijobs #saudijobs #Saudinational #Riyadh #careeropportunities

The National Housing Company (NHC) has signed a cooperation agreement with CITIC Construction, a major Chinese building enterprise. The alliance plans to construct an industrial city and dedicated logistics zones for building materials in Saudi Arabia, including 12 new facilities. The collaboration aims to secure and stabilize the supply chains required for NHC’s residential projects, assuring timely and high-quality completion. According to NHC, this project will include 12 large construction material plants and depend on China’s extensive manufacturing knowledge. The move is expected to boost the local industry by integrating several local factories and raising operating criteria to reach international standards. Find out more ▶ https://lnkd.in/dv-g_FAJ #buildingmaterials #supplychain #construction #ksa #saudiarabia #saudiprojects #residentialprojects

The scale, scope, and ambition of the GCC’s #Megaprograms could transform the global construction sector. Learn how the GCC can take advantage of the mega opportunity.

This collaboration between National Housing Company (NHC) and CITIC Construction, Construction marks a significant step forward in strengthening Saudi Arabia's building materials supply chain. The initiative to construct an industrial city and dedicated logistics zones for building materials, along with the establishment of 12 new facilities, demonstrates a commitment to enhancing the quality and efficiency of residential projects. By leveraging China's manufacturing expertise, this partnership not only ensures timely and high-quality completion but also promotes the transformation of the national construction sector. It's encouraging to see such strategic cooperation fostering growth opportunities for local industries and creating more job opportunities. This project aligns well with the broader strategic cooperation between Saudi Arabia and China, promising to raise construction standards and improve the quality of housing units. Exciting times ahead! #SkillWorkersLtd. #Overseasmanpowersupplier #BestManpowersupplyAgencyinBangladesh #ManpowerSupplier #ManpowerSourcingPartner #BestManpowerSupplier #BulkSkilledManpowerSupplier #GCCexperienceManpowerSupplier #ManpowerSourcingAgencyinBangladesh