Arctech has signed a strategic contract with India’s ACME Cleantech Solutions to supply 175 MWp of solar tra ..Read More

Arctech has signed a strategic contract with India’s ACME Cleantech Solutions to supply 175 MWp of solar trackers for a 300 MTPD Green Ammonia Project in Duqm, Oman. Using its Skyline II Single Axis Solar Tracking System, Arctech will deliver systems from July 2025 to withstand the region’s extreme coastal desert conditions. The project supports Oman’s clean energy ambitions and integrates solar PV with green hydrogen production, advancing industrial decarbonization.
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• Hydrogen
• Power

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to expl ..Read More

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to explore up to 12.5GW of power generation by 2040 with an initial investment of USD 10 billion. Partnerships with MIDA, TNB, Terengganu Inc., and UEM Lestra aim to jointly develop projects in renewable energy, green hydrogen, FPV, CCGT, and water desalination, supporting Malaysia’s NETR and Saudi Vision 2030. The initiative aligns with Malaysia's goal to reach 70% renewable energy by 2050.
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• Power

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract fro ..Read More

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract from Trading & Development Partnership Company to supply steel towers for a 380 kV ultra-high-voltage line in Saudi Arabia’s western region. The contract duration is one year. Previously, the company announced USD 82.4 million worth of contracts awarded by L&T.
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• Power

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazi ..Read More

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazil’s Itaminas, aiming to establish an integrated iron ore shipping system. The deal will leverage Sohar Port's advanced facilities and the Hafeet Rail network to enhance supply chain efficiency for the iron and steel industry. Itaminas, with a production capacity of 6.5 million tons (expandable to 15.5 million tons) annually, plans to export to the Middle East and explore setting up parts of its value chain in the GCC. Construction of the railway is actively underway.
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• Transport

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwa ..Read More

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, covering eight operational rigs under long-term contracts with national oil companies. This acquisition will accelerate ADNOC Drilling’s expansion in the GCC, enhancing its technological capabilities and operational efficiency. The transaction is subject to regulatory approvals, expected to close by Q1 2026, with full consolidation planned for 2026.
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• Oil & Gas

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and ..Read More

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields. The company will provide brownfield EPC and modification services to support Iraq’s goal of reducing gas flaring by 78% by end-2025. The projects will be executed by teams in Iraq and the UAE, with 60 new hires planned to support delivery.
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• Oil & Gas

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for ..Read More

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for Saudi Arabia’s 3 GW Qurayyah IPP Expansion Project, awarded by EPC JV Técnicas Reunidas (Spain) and Orascom Construction (Egypt). The project supports Saudi Arabia’s goal to derive 50% of its electricity from gas by 2030 and includes future carbon capture readiness. A PPA was signed in Feb 2025 by Hajr Two Electricity Co. with SPPC, aligning with Saudi Vision 2030 and net-zero targets for 2060.
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• Power

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALD ..Read More

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALDANAH, its first fully integrated residential community in Dhahran. Spanning 1.7 million sqm, the project will feature over 2,000 residential units, nine floor plans, and extensive amenities including green spaces, mosques, schools, and retail areas. Located near major landmarks, ALDANAH aligns with Vision 2030 goals to boost homeownership and quality of life in the Eastern Region.
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• Construction