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MEED Projects Research Report March 2023
MEED Projects Research Report March 2023
RESEARCH REPORT
March 2023
Introduction
This edition of the MEED Projects Research Report contains
an overview of the amount of research conducted by MEED
Projects researchers in the month of March 2023.
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region.
Contents
Section Page No.
Total Projects Updated 3
New Projects Created 4
Field Research Review 5
Top Projects Awarded 6
Top Projects in Tender/PQ 7
2
Top Projects Created 8
Total Projects Updated
A total of 4,452 projects valued at around $2.6 trillion were updated during the month of March 2023.
Construction Construction
Transport Transport
183130 131.4 99.2
197
Power Power
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182.5
267
1,703 Water 207 Oil
393 1,003
Oil Chemical
208.3
569 Industrial Gas
357.8
1,010 Gas 421.2 Industrial
Chemical Water
In the GCC region, Saudi Arabia & the UAE remain the busiest markets accounting for 1,686 project updates worth around $1.1 trillion.
Egypt leads the MENA region in construction activities clocking 309 project updates that are valued at around $148 bn.
In the African continent, Kenya recorded 90 project updates valued roughly at around $53 bn.
3
Total Projects Created
A total of 338 projects valued at around $115 bn were created during the month of March 2023
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Saudi Arabia leads region in terms of new project creations where 109 new projects valued at around $33.1 bn were created.
In the MENA region, Egypt accounted for 24 new projects worth around $8.8 bn.
In the African continent, South Africa recorded 6 new project creations valued roughly at around $633m.
4
Field Research Review
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26
6
7 6 25
16
20
15
10
10
139
5 4
3
0
Construction Transport Power Water Industrial Construction Transport Water Power
139 projects were updated in the Construction sector Majority of the projects were created in the Construction sector
5
Top Projects Awarded
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Construction of a pumping station, Laying of 75-kilometre (km) water transmission pipeline to the Bab and Bu Hasa oilfields etc.
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units (AGRU), gas dehydration unit, natural gas liquids (NGL) units, construction of associated facilities.
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which 72000TR will be included in the current scope and 12000TR for the future.
National Water Conservation and Pipeline Corporation (NWCPC) is planning to undertake the construction of the Ndarugu 2 Dam in Gatundu North, Kiambu
County, Kenya. The Ndarugu 2 Dam will be built in Kanjuku, Mwimuto, Watathi, Gathaiti and Gatei villages
8
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Reported by:
Yasir Iqbal
Research manager 9
yasir.iqbal@meed.com