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THE BIG PICTURE
01 UNITED STATES
03 UNITED KINGDOM
Global construction equipment sales hit new record in 2021
GFH’s UK subsidiary sells Tesco Distribution Centre for $35m
Global construction equipment sales rose 10% in 2021 to a new record of 1.196 million units, according to Off-Highway Research. The newly updated Global Volume & Value Service report revealed that all major world markets, apart from China, experienced growth last year. The most robust growth was seen in North America (up 25%) and Western Europe (up 22%), while emerging markets, excluding India and China, were up 24%. It said a 5% drop in demand is expected this year, yet 2022 would still show the second highest sales volume on record.
02 UNITED STATES
Radisson Hotel Group eyes net-zero by 2050 The Radisson Hotel Group has committed to decarbonising its business by setting aggressive emission reduction targets to be net zero by 2050, in line with the SBTi NetZero Standard. The ‘Radisson Hotel Group’s 2021 Responsible Business Report’ referenced the goal and outlined its latest sustainability targets in line with a strategic five-year plan. The plan is said to include accelerating the implementation of the crossindustry Pathway to Net Positive Hospitality and Hotel Sustainability Basics initiative, and to reaffirming the group’s commitment to people, community, and planet as an employer.
Bahrain-based GFH Financial Group has announced that its UK subsidiary, Roebuck Asset Management has concluded an off-market sale of a Tesco Distribution Centre for more than $135 million. The 540,000sqft temperature-controlled centre was originally developed by Tesco in 2010. It serves in excess of 400 supermarkets and convenience stores. The sale marks the conclusion of an extremely successful hold period of Roebuck, who acquired the asset for $94 million in October 2017, for a Korean consortium.
04 FRANCE
06 NETHERLANDS
Egis acquires Waagner Biro Bridge Services Group
Netherlands Pavilion commences deconstruction as part of its circular concept
Egis, the France-based international company active in the consulting, construction engineering and mobility service sectors, has announced a major expansion in its capabilities in the Middle East, with the acquisition of the Waagner Biro Bridge Services group of companies. The strategic buy includes Waagner Biro Bridge Gulf and Waagner Biro Bridge Fabrication in Dubai., Waagner Biro Bridge Contracting and General Maintenance in Abu Dhabi and Waagner Biro Bridge Qatar. The group has been in operation in the GCC for more than 50 years.
May 2022 | MEConstructionNews.com
05 SPAIN
ACCIONA develops new software for concrete manufacturing
ACCIONA, through a collaboration of its R&D+i Department with its Roads and Bridges specialised business unit, has announced the development of new geometric control software for the manufacturing of concrete segments used for bridges constructed using the Match Cast method. The methodology involves manufacturing concrete segments using the previous segment as a mould and a geometric reference to ensure a perfect fit when the segments are assembled.
Following Expo 2020 Dubai, the Netherlands Pavilion has commenced the deconstruction, continuing its circular concept. Designed by V8 Architects as a temporary circular climate system, a biotope in the desert where visitors can experience natural phenomena a such as condensation, solar energy, photosynthesis, fungus production and temperature transmission. It is the physical representation of the Netherlands’ core message: connecting sustainable solutions in the areas of water, energy and food.
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