meconstructionnews.com Open in urlscan Pro
192.124.249.54  Public Scan

Form analysis
1 forms found in the DOM

GET https://meconstructionnews.com//

<form method="get" id="searchform" action="https://meconstructionnews.com//">
  <input type="text" name="s" id="s" value="Type search term and press enter" onfocus="if (this.value == &quot;Type search term and press enter&quot;) { this.value = &quot;&quot;; }"
    onblur="if (this.value == &quot;&quot;) { this.value = &quot;Type search term and press enter&quot;; }">
  <input type="hidden" id="searchsubmit" value="Search">
</form>

Text Content

 * 
 * 
 * 
 * 

 * News
   * Construction
   * Consultant
   * Fleet
   * Machinery
   * Infrastructure
   * Property
   * BIM
 * Features
   * Features
   * Analysis
   * Interviews
   * Opinion
   * Experts
 * News Videos
 * Magazines
   * Big Project ME
   * Construction Machinery ME
   * ME Consultant
   * Truck&Fleet ME
 * Digital Issues
 * Subscribe
 * Webinars
 * Advertise
   * Media Packs
 * Events
 * More
   * About Us
   * Cookie Statement
   * Privacy Policy

 * News
   * Construction
   * Consultant
   * Fleet
   * Infrastructure
   * Machinery
   * Property
   * BIM
 * Features
   * Features
   * Analysis
   * Interviews
   * Opinion
   * Experts
 * VIDEO/WEBINAR
   * Editor Videos
   * Live Events
   * News Videos
      * 
        What is BricsCAD?
      * 
        Bird’s Eye View
      * 
        Video: Shifting Mindsets to Productisation
      * 
        Join Middle East Energy 2021 Virtually
      * 
        How Ithra Dubai is revitalising the heart of Dubai
   
   * Virtual Summits
   * Webinars
 * Magazines
   * Big Project ME
   * Construction Machinery ME
   * ME Consultant
   * Truck&Fleet ME
 * Digital Issues
 * Advertise
   * Media Packs
 * Events
   
 * Subscribe



--------------------------------------------------------------------------------

Consultant


ADNOC SIGNS FRAMEWORK AGREEMENTS WORTH $1BN WITH EIGHT TOP-TIER GLOBAL
ENGINEERING CONTRACTORS FOR FEED SERVICES

By Gavin Davids
Posted on August 24, 2021
Share
Tweet
Share
Share
Email

Agreements underpin ADNOC’s smart approach to procurement



The Abu Dhabi National Oil Company (ADNOC) has announced the signing of
framework agreements for Concept and Front-End Engineering Design (FEED)
services for major projects across its full value chain to support the delivery
of its 2030 strategy.

ADNOC signed the framework agreements with AMEC International Ltd (part of the
Wood Group), Fluor, McDermott, Mott MacDonald, SNC-Lavalin International Arabia
Limited – Abu Dhabi (part of the Kentech Group), Technip Energies, Worley, and a
joint venture between Tecnicas Reunidas and NPCC.

The framework agreements – which were signed with eight top-tier global
engineering contractors – have a combined scope worth up to $1 billion and the
potential for 50% of the value to flow back into the United Arab Emirates’ (UAE)
economy under ADNOC’s In-Country Value (ICV) program, over the agreement term
between 2021 and 2026.

The scope of the agreements is based on the forecasted requirement for external
project engineering services across the ADNOC Group, a statement said. It added
that the nature of the agreements underpins ADNOC’s smart approach to
procurement which is enabling it to drive value and commerciality across its
portfolio.

By structuring the framework agreements with a group of top-tier contractors
instead of procuring smaller individual agreements, ADNOC was able to secure
pre-agreed terms and conditions thereby reducing tendering cycle by months,
achieve highly competitive rates by leveraging long-term contracts that service
its entire portfolio, and establish a group-wide performance management and
review process that provides high visibility of contractor performance, the
statement explained.



Abdulmunim Saif Al Kindy, ADNOC People, Technology & Corporate Support Executive
Director, said: “We are very pleased to engage with the eight top-tier
engineering contractors awarded to provide best-in-class engineering expertise
on our strategic projects across our full value chain.

“These framework agreements follow a very competitive tender process, and the
smart nature of the deals will deliver substantial cost savings, optimise
project delivery schedules and provide ADNOC with increased flexibility to drive
its growth targets and proactively respond to the demands of the fast-evolving
energy landscape.

“In addition, the agreements offer the potential to create additional skilled
employment opportunities for Emiratis and include commitments that contracted
services will primarily be carried out in the UAE, ensuring more economic value
remains in the country from our contract awards,” he stated.

The agreements will run for five years, with an option for a two-year extension.
The eight contractors have committed to set up and run enhanced training
programs to further develop local expertise and enable knowledge transfer.

As an integral part of its 2030 strategy, ADNOC is optimising its procurement
strategy to reflect market dynamics, focusing on long-term contracts with a
reduced number of suppliers that provide stable and reliable delivery at highly
competitive rates.

0 0 votes
Article Rating







Related Items:Abu Dhabi National Oil Company (ADNOC), contractors, contracts,
featuredpost, Fluor, front-end engineering design (Feed), McDermott, MEC
International Ltd (part of the Wood Group), Mott MacDonald, NPCC, SNC-Lavalin,
SNC-Lavalin International Arabia Limited – Abu Dhabi (part of the Kentech
Group), Technip Energies, Tecnicas Reunidas, TENDERS, uae, Worley

RECOMMENDED FOR YOU

 * Kuwait invites consultant proposals for 3,600MW power project
 * Tabreed increases ownership of Al Maryah Island district cooling…
 * Global firms competing for road lighting project in Abu…
 * Land Sterling announces acquisition of Aspect Project Management
 * MAC wins $6.26mn contract from Azizi for MEP works on Riviera
 * Mott MacDonald and SNC Lavalin bid for Bahrain Metro project


Comments




--------------------------------------------------------------------------------

Machinery


GLOBAL CONSTRUCTION EQUIPMENT SALES TO TOUCH RECORD LEVELS THIS YEAR – REPORT

By Anirban Bagchi
Posted on August 24, 2021
Share
Tweet
Share
Share
Email

Off-Highway Research expects Covid stimulus packages to help sector hit a
projected $110bn with 1.13 million units sold, beating mark set in 2018



A new report from specialist market research company Off-Highway Research
projects sales of construction equipment to hit $110bn globally this year, with
expected unit figures of 1.13 million.

The forecast says that this figure, if it were to be realised, would be a record
high, beating the 1.11 million units sold in 2018 by 2%.

According to Off-Highway Research, stimulus packages by governments around the
globe in response to the Covid-19 pandemic will be the reason for the record
high, with the Chinese government leading the pack.

This latest prediction was absent before the pandemic hit but responses from
government bodies has led to the revision. As an example of these responses,
Off-Highway Research cited special bonds issues by Chinese provinces last year
to raise money for infrastructure work. These and other stimulus packages have
already led o the Chinese equipment market rising 30% in a growth that continued
into Q1 2021. Even with the Chinese market slowing down since, the total sales
for 2021 are expected to be only 2% lower.

Meanwhile, other global markets are expected to continue rising this year, with
Off-Highway Research projecting the European market to grow by 15% in in 2021,
an upward revision of its previous forecast which had a single-digit figure. In
terms of volume, Europe is can be expected to reach levels similar to its
cyclical high in 2019, the report added.

The report also projects an increase of 13% for North America, which will keep
it just shy of the high point of that market in 2019. Japan, too, will register
a rise of 1%, which, though modest, will beat expectations of negative growth.

The big downgrade in this year’s forecast comes for India, whose figures have
been revised downwards to 11% from the previous level of 15%, owing to the
second wave of Covid infections in the country in Q2 this year.

For the rest of the world, including markets such as Africa, South America and
the Middle East, Off-Highway Research forecasts an average sales growth rate of
6% this year.

Chris Sleight, managing director, Off-Highway Research, said: “The global
rebound in equipment sales over the last six to nine months has been striking.
While this is excellent news, the industry still faces many challenges in
meeting this demand, including supply chain constraints and bottlenecks around
shipping and other logistics. I believe that, without these, sales this year
might have been even higher than the record volumes we are predicting. However,
the positive in this is that the current buoyancy should extend well into 2022
as a result.”


Related Items: Construction equipment market forecast, equipment, featurednews,
Global equipment sales, MACHINERY

RECOMMENDED FOR YOU

 * CMC announces special offer on Lissmac floor saws
 * Wolffkran achieves climate-neutral certification in Germany
 * CNH Industrial appoints new CEO
 * Special coverage: Bobcat goes on new launch spree
 * Euro Auctions reports rise in lot prices, bidders and online bids at
   September Dubai sale
 * IPD Xtra launching globally following ‘extremely positive’ market response

Comments



POST NAVIGATION

Oman’s Marafiq to build and operate 80MW gas fuel turbine power plant for
Tanweer in Duqm
ADNOC signs framework agreements worth $1bn with eight top-tier global
engineering contractors for FEED services


MOST POPULAR

Infrastructure


UNIT 2 OF BARAKAH NUCLEAR ENERGY PLANT POWERED UP SAYS ENEC


Consultant


MASDAR LAUNCHES 100MW NUR NAVOI SOLAR PROJECT IN UZBEKISTAN

Construction


TRSDC TO AWARD $267M WORTH OF CONTRACTS A MONTH TILL Q1 2022

Construction


SEWA UNIT ANNOUNCES GROUND GAS NETWORK EXPANSION IN KALBA AND KHORFAKKAN

Construction


PHASE II EXPANSION OF THE AVENUES – BAHRAIN TO BEGIN SOON

Machinery


DOOSAN BOBCAT INTRODUCES NEW COMPACT LIGHT TOWERS IN MIDDLE EAST

Construction


ASTECO ANNOUNCES COMPLETION OF FIRE CLADDING PROJECT AT OCEANA PALM JUMEIRAH

Consultant


TABREED INCREASES OWNERSHIP OF AL MARYAH ISLAND DISTRICT COOLING SCHEME TO 100%

Construction


NEOM INVITES BIDS FOR 31KM TUNNEL PROJECT AT THE LINE DEVELOPMENT

Construction


ALUMINIUM BAHRAIN LAUNCHES NEW MARINE TERMINAL UPGRADES



MEConstructionNews.com is the central website of leading construction magazines
- Big Project Middle East, Construction Machinery Middle East, Middle East
Consultant and Truck & Fleet Middle East.

A one stop shop updated daily with industry news, interviews, analysis, expert
opinion, videos and more.

 * 
 * 
 * 
 * 


LATEST NEWS

 * Infrastructure
   
   
   UNIT 2 OF BARAKAH NUCLEAR ENERGY PLANT POWERED UP SAYS ENEC
   
   Milestone highlights the significant progress being made in bringing the four
   units of the...

 * Consultant
   
   
   MASDAR LAUNCHES 100MW NUR NAVOI SOLAR PROJECT IN UZBEKISTAN
   
   Plant will be country’s first utility scale solar project

 * Construction
   
   
   TRSDC TO AWARD $267M WORTH OF CONTRACTS A MONTH TILL Q1 2022
   
   Developer says main focus is on all the construction contracts related to the
   mono...

 * Construction
   
   
   SEWA UNIT ANNOUNCES GROUND GAS NETWORK EXPANSION IN KALBA AND KHORFAKKAN
   
   Infrastructure projects align with the directives of H.H. Dr. Sheikh Sultan
   bin Muhammad Al...

 * Construction
   
   
   PHASE II EXPANSION OF THE AVENUES – BAHRAIN TO BEGIN SOON
   
   Expansion will add 40,000sqm of leasable area and is expected to be complete
   by...


POPULAR TAGS

featurednews featuredpost dubai saudi arabia infrastructure constructions uae
United Arab Emirates the big picture abu dhabi PROJECTS construction MACHINERY
real estate Property development Oman sustainability qatar TENDERS Bahrain
magazines Egypt leisure and tourism contracts coronavirus (COVID-19)
 * Home
 * Magazine Archive
 * Subscribe
 * Contact Us

© 2021 CPI Trade Media. All rights reserved New Template

To Top


wpDiscuz

0
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert




×