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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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    Africa: From Food Importer to Global Powerhouse

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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      Consumer Electronics Boom Continues Across GCC, Middle East

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      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

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      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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        Baghdad Metro Project Moves Forward Under New Implementation Strategy

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        Financing a Greener Environment: How Sustainable Finance is Reshaping the Future

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        Deal Signed to Build Bahla Cultural Center Facility in Oman

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        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

        Iraq Approves 5,000-Unit Housing Project in Basra

        Iraq Approves 5,000-Unit Housing Project in Basra

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        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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        Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

        New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

        New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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        Iraq Pushes Ahead with Full Infrastructure Rollout for New Al-Sadr City

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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            Daewoong Pharmaceutical Debuts Nabotah Botulinum Toxin in Qatar

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                    Oman: A Strategic Logistics Hub with World-Class Infrastructure

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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                      FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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                      Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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                      Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                      GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                        Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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                        Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                        Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                          Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                          Saudi Arabia’s Construction Market Set to Hit $96 Billion by 2030

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                          New Aerial Images Showcase the Monumental Scale of Baghdad’s $1 Billion+ Landmark Project

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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                                      Oman: A Strategic Logistics Hub with World-Class Infrastructure

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                                      GCC projects market value to surge to $172 billion this year            

                                      SG

                                      April 16, 2015
                                      in Infrastructure
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                                      GCC projects market will continue to grow in 2015 despite lower oil prices and evidence that some government clients are deferring capital investment plans, projects industry experts have told MEED.

                                      MEED Projects content and analysis director Ed James forecasts that the value of contracts placed in the GCC will rise to $172 billion in 2015.

                                      “This is a bit higher than in 2014 and a new record for the region,” he said. This is good news for the market which feared major reductions in government spending on projects in 2015.

                                      The forecast means that demand for material and skills will continue to grow. This will test the capacity of the supply chain to meet the needs of the construction industry.

                                      The GCC construction industry has much to do, but also much to celebrate. “The scale and quality of the GCC construction boom is reflected in the growing number of top-quality infrastructure, building and industrial projects being completed across the region,” said MEED Quality Awards for Projects judges panel chairman Edmund O’Sullivan.

                                      “It is also measured by the very impressive finished projects nominated for the fifth annual MEED Quality Awards for Projects which will be announced and presented in Dubai on May 27.”

                                      “This shows that the GCC construction industry and its clients have the capacity to tackle challenges that would defeat most other parts of the world,” O’Sullivan added.

                                      “It is now facing testing times but I’m confident from what I’m seeing that all sides of the market recognize more comprehensively than ever before that the right answer is greater collaboration across the supply chain and between clients and suppliers.”

                                      Saudi Arabia is the region’s biggest project market. Construction leaders say the kingdom’s building boom will compound longstanding challenges the industry faces.

                                      “There are a number of issues facing the construction industry in Saudi Arabia,” said assistant secretary general for projects at the Riyadh Chamber of Commerce & Industry Faisal Alsharif, one of the 2015 MEED Quality Awards for Projects, in association with Mashreq, judges.

                                      “Rapid changes in regulations and policies are a major challenge facing investors and contractors involved in these projects. Finance is a major issue as well, with payments delays making cash flow planning and management a real challenge.”

                                      “Human resource shortages are another big issue and not only in projects,” he added. “But it’s clearer in projects. The lack of adequate and qualified labor and technicians can result in project failure in the form of cost and time overruns.”

                                      Qatar is expected to be the fastest-growing projects market in 2015. A total of $30 billion worth of new contracts are to be awarded during the year and a similar figure in 2016 as the country accelerates its preparations for the FIFA World Cup finals in 2022.

                                      About $135 billion worth of contracts are due to be awarded in Qatar in 2015-20. This is on top of about $100 billion placed since it was appointed in 2010 to host the finals.

                                      “The two big challenges facing the Qatar construction industry are insufficient logistics facilities needed to support the delivery of projects and finding the right resources including labor and engineering skills,” said Qatar Society of Engineers chairman Ahmed al-Jolo.

                                      Some construction leaders working in Qatar say shortages of steel, asphalt and gabbro are possible in 2016. They are welcoming news that the new Hamad Port is due to start operating in July, more than six months ahead of schedule. This will relieve pressure on Mesaieed industrial port which is now the principal sea gateway to Qatar.

                                      Al-Jolo said the projects industry needs to improve its capabilities and this starts with the clients.

                                      “Because of the complexity and interaction among the projects in Qatar, choosing the right procurement method is a challenge,” he added.  

                                      “Knowledge of project management methodologies is insufficient among staff responsible about project delivery. More training of project managers is needed so they can apply the best, well-known methodologies.”

                                      Qatar and Saudi Arabia both have substantial private and public savings which are more than enough to maintain capital investment despite lower oil prices.

                                      For Oman, the fall in oil constitutes a serious challenge for the government. But its project agenda is more modest and MEED Projects forecasts about $15 billion worth of new contracts should be placed in 2015.

                                      The Khazzan tight gas project, the largest in Oman’s history, is being implemented and financed by BP. And the government has a well-developed reputation for effectively mobilizing private finance into power and water schemes.

                                      The sultanate, like other GCC states, is being more acutely tested by soaring demand for talent, said Sulaiman Al-Hudaili, managing director of Seiraf and Star Engineering Consultancy.

                                       “The key issue is the availability of skilled people,” he said. “The material is readily available. The industry needs to pay more attention to proper planning.

                                      Contractors need to coordinate and the government needs to be practical in view of the scale of the projects that are coming.”

                                      There’s no single solution to the challenges the GCC projects sector faces.  Construction industry leaders are calling on clients and service providers to work together more effectively.

                                      This will involve sharing more medium-term information about GCC demand for material, equipment and labor.

                                      Government clients should be more open to innovative and unconventional procurement methods including design and build, an approach being used heavily in Qatar, they said.

                                      The supply chain needs attention and the capital structure of local construction companies should be strengthened.

                                      Sustainability in all its forms, including in the way completed buildings are managed and operated, is getting increasing attention.
                                      SG
                                      16 April

                                       
                                       
                                       
                                       
                                       
                                       
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