Abu Dhabi Fund for Development signed a $205M financing agreement to expand the GCC power grid. The project in ..Read More

Abu Dhabi Fund for Development signed a $205M financing agreement to expand the GCC power grid. The project includes a 400kV transmission line and upgrades to boost energy security and renewable integration.
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• Finance
• Power

GS Inima has secured funding to build a 6.3 MWp solar PV plant at Oman’s Barka V desalination facility. The ..Read More

GS Inima has secured funding to build a 6.3 MWp solar PV plant at Oman’s Barka V desalination facility. The plant will supply 11% of the facility’s power needs, supporting greener water production.
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• Finance

AMEA Power has closed financial agreements—including a $72M finance package from IFC—for Egypt’s first-e ..Read More

AMEA Power has closed financial agreements—including a $72M finance package from IFC—for Egypt’s first-ever utility-scale battery energy storage system (BESS), a 300 MWh facility co-located with its 500 MW solar PV plant in Aswan
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• Finance
• Power
• PPP

Emirates NBD and Siemens have launched a joint financing framework to support large-scale green infrastructure ..Read More

Emirates NBD and Siemens have launched a joint financing framework to support large-scale green infrastructure projects in the UAE—aligning with the country’s Net Zero by 2050 goals—with Siemens contributing its expertise to structure the deal.
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• Finance

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on ..Read More

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on the 300 MW Rabigh 2 Solar IPP project, valued at SAR 825 million (USD 220 million). A 25-year Power Purchase Agreement was signed with SPPC in Dec 2024 as part of Saudi Arabia’s Round 5 National Renewable Energy Program. The plant, set to connect to the grid by 2026, supports the Kingdom’s Vision 2030 goal of a 50-50 gas-renewables energy mix.
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• Finance
• Power

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on ..Read More

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on the 300 MW Rabigh 2 Solar IPP project, valued at SAR 825 million (USD 220 million). A 25-year Power Purchase Agreement was signed with SPPC in Dec 2024 as part of Saudi Arabia’s Round 5 National Renewable Energy Program. The plant, set to connect to the grid by 2026, supports the Kingdom’s Vision 2030 goal of a 50-50 gas-renewables energy mix.
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• Finance
• Power

Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi ..Read More

Diriyah Company, Saudi Arabia, secured a USD 1.6 billion (SAR 6 billion) financing agreement from Banque Saudi Fransi (BSF) to fund the Wadi Safar masterplan, a 62 sq km ultra-luxury residential development featuring hotels, a golf course, and leisure facilities. This follows a USD 2.13 billion (SAR 8 billion) construction contract awarded in July 2024 for the Royal Equestrian & Polo Club and four luxury hotels. Diriyah, supported by PIF, aims to create 178,000 jobs, attract 50 million annual visitors, and contribute USD 18.6 billion to Saudi Arabia’s GDP.
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• Construction
• Finance

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Isl ..Read More

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Islamic Bank to implement Phase 2 of the industrial waste treatment facility in Sohar Freezone. This phase includes developing hazardous waste treatment stations, enhancing chemical and physical treatment technologies, and establishing facilities for managing used oils and toxic waste. The project aligns with Oman Vision 2040 by boosting the national economy, generating jobs, supporting industrial projects, and contributing to sustainability and the circular economy.
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• Finance