Global AEC sector transformation lurches forward in another consecutive year of growth for ENR’s Top 225 International Design Firms—driven by energy transition and more intense geopolitical and climate-linked challenges.
Project goals can be a moving target amid intensifying inflation, climate change and supply chain disruptions roiling the global marketplace, say this year’s Top 225 International Design Firms.
After rejecting three acquisition offers from Dubai-based AE consolidator Sidara, formerly Dar Group, energy-industrial services firm agrees to talks related to latest sweetened bid.
Latest acquisition offer from Sidara, formerly Dar Group, was its third in recent weeks but still "significantly undervalued" the energy specialist, it said.
Three design firms and five contractors will work on a proposed group of large projects to build grid connections for 50 GW of offshore wind energy in Britain set to operate by 2030.
Oil and gas giant and Kosmos Energy seek “maximum recoverable damages” in binding arbitration related to subsea pipe installation for project off Africa, with speculation of a contract payment dispute.
Global construction volume will grow by 1.2% this year and by 3% annual average over the rest of the decade, forecasts London-based Global Construction Perspectives in a report released Jan. 23.
Host UAE, now completing its first nuclear plant at 5.6 GW, is one of 22 countries that agreed to triple capacity by 2050—but construction cost, supply chain and permit realities are hurdles, sector experts say.