- March 13, 2025
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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- February 20, 2025
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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- February 08, 2025
SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, ..Read More
SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, valued at SAR 1.8 billion. Developed by a Miahona, BESIX, and Marafiq consortium under the BOOT model, the 200,000 m³/day plant includes a 32 km transmission system, pumping station, and 200,000 m³ storage tanks. The project supports Saudi Arabia’s environmental goals, with commercial operations starting in Q4 2026 under a 25-year agreement.
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- February 05, 2025
ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah ..Read More
ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah-compliant credit facility from Saudi National Bank for seven years to finance the acquisition of ROSHN Front. This acquisition expands ROSHN into commercial and retail sectors, with ROSHN Front attracting over 7 million visitors annually. The property includes 81,800 sqm of retail space and 78,900 sqm of business space, enhancing tenant experience and boosting long-term growth.
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- January 09, 2025
The BESIX-Plenary Group consortium has reached financial close for the Khalifa City School project in Abu Dhab ..Read More
The BESIX-Plenary Group consortium has reached financial close for the Khalifa City School project in Abu Dhabi, which will accommodate 3,380 students. This project, part of the Zayed City Schools PPP, was fast-tracked using an innovative procurement framework developed by the Abu Dhabi Investment Office (ADIO), enabling completion by August 2026. The project includes design, build, finance, and 18-year operation and maintenance, with financing provided by Plenary, BESIX, and international banks.
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- January 05, 2025
ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt ..Read More
ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt, the largest single-contracted wind farm in the Middle East. The project, valued at $1.2 billion, will contribute to Egypt's renewable energy goals, reducing CO2 emissions by 1.1 million tonnes annually. It secured a $703.6 million debt facility from a consortium of banks and is expected to begin operations by Q2 2027.
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- December 12, 2024
Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credi ..Read More
Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credit Facility agreement, involving several major banks including ICBC, Bank of China, and First Abu Dhabi Bank. The financing, with a duration of 5 years and an optional 2-year extension, will support SEC’s operations and projects.
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- October 31, 2024
EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastruc ..Read More
EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastructure project for AMAALA, Saudi Arabia’s luxury, eco-friendly Red Sea destination. Powered by 250 MW of solar energy, advanced desalination, and battery storage, the project positions AMAALA to lead in regenerative tourism and sustainability, with completion targeted for 2025.
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