
BLZ focuses on value addition
The region’s first boutique-style logistics area that focuses on re-export and value-addition logistics activities will soon open in Bahrain, and is poised to attract companies looking to set up in the Bahrain Logistics Zone (BLZ).
A tenant attraction and screening process was defined to ensure a mix of value-adding local and international tenants and provide the foundation for the development of a regional logistics hub.
BLZ is aiming to boost Bahrain’s visibility as a logistics hub for the region, focusing on local and international logistics companies interested in expanding in the GCC.
A boutique logistics park in the state-of-the-art Khalifa bin Salman Port, regulated by Bahrain General Organization of Seaports (GOP), BLZ will have an ultra-modern sea port with a capacity of 2.5 million TEUs and world-class customs processes facilitating re-exports throughout Bahrain and the region. The project is also expect to benefit from the causeway linking Bahrain to Saudi Arabia and the planned causeway to link Qatar.
Hill, TMG enter into new agreement
Hill International, the global leader in managing construction risk, has entered into an agreement with Talaat Moustafa Group Holding (TMG), one of the leading residential and hotel developers in Egypt.
As per this agreement they will form a new joint venture company that will provide project and construction management services exclusively on TMG projects throughout Egypt and elsewhere in the world.
The new joint venture will be owned 50 per cent by Hill and 50 per cent by TMG and will be headquartered in Cairo, Egypt.
The company is expected to immediately begin managing the construction of several of TMG’s largest developments, including the Mega Mall in Madinaty, the Four Seasons Hotel Luxor, the Four Seasons Hotel Madinaty, a major expansion to the existing Four Seasons Resort in Sharm El Sheikh as well as a 3 million sq m housing development in Riyadh, Saudi Arabia.
Daewoo, Galfar in Duqm port deal
Oman has awarded Daewoo Shipbuilding and local firm Galfar Engineering and Contracting (GECS) a construction contract worth $442.2 million for the development of Duqm port in Oman.
The contract is to build two breakwaters, each 5 km long, two dry docks, each 400 m long, and a quay wall of 2.5 km in length, and a number of docking gates. The deal also involves dredging and reclamation work.
The project is expected to be completed by the end of 2010, and construction is due to start soon.