ADNOC and Veolia signed an MoU at the UAE-France High Level Business Council to collaborate on water managemen ..Read More

ADNOC and Veolia signed an MoU at the UAE-France High Level Business Council to collaborate on water management. The partnership will leverage Veolia’s expertise across 44 countries to optimize water resources by analyzing water cycles, developing solutions, enhancing monitoring systems, and reducing water consumption. This initiative aligns with ADNOC’s commitment to sustainable water management while supporting communities and environmental protection.
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• Water

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 ..Read More

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 metric tonnes of LNG annually on a Free on Board (FOB) basis, starting in April 2025. This partnership reinforces Oman LNG’s role in ensuring reliable global energy supplies and supports Oman’s economic growth. The agreement also strengthens Mercuria’s position in the LNG trading sector, enhancing its ability to meet rising global energy demands.
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• Oil & Gas

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in A ..Read More

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in Al Dhahirah, with an estimated investment of OMR 155 million. Notable bidders include Masdar, ACWA Power, TotalEnergies, EDF Renouvelables, and Sembcorp Utilities. The project aligns with Oman’s strategy to diversify energy resources and will follow the established IPP model. The scheduled commercial operation date is Q1 2027.
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• Power
• PPP

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electri ..Read More

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electricity Company (SEC) to build 380kV transmission lines in Madinah and Jeddah by November 2027. The 491 km lines will transmit solar power to substations in western Saudi Arabia. This follows a $725 million contract awarded in November 2024, reinforcing Hyundai E&C’s presence in the region.
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• Power

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & T ..Read More

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & Toubro Saudi Arabia (L&T) to supply steel towers for the 500kV HVDC Overhead Transmission Line (COA-SOA Interconnection Link, Portion II) over 24 months. This follows a $207.2 million steel towers supply contract with Hyundai E&C, reinforcing its role in Saudi Arabia’s power infrastructure projects.
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• Power

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to ..Read More

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to collaborate on geothermal energy technologies, including power generation, HVAC applications, and Compressed Air Energy Storage. The agreement, signed by Omar Aldaweesh (EDF) and Meshary Al-Ayed (TAQA Geothermal), aligns with Saudi Vision 2030 and EDF’s Ambitions 2035 to advance sustainable energy solutions. The partnership aims to develop geothermal cooling systems and enhance Saudi Arabia’s renewable energy leadership.
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• Power

OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), cover ..Read More

OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), covering the construction of dry port facilities and a veterinary quarantine. The 4 sq. km dry port, operated by Asyad Group, is key to enhancing trade between Oman and Saudi Arabia. The tender, closing on April 17, includes civil, mechanical, and electrical works, with Phase 1 covering 1 sq. km. The total EZAD area is 388 sq. km, strategically located 20 km from the Rub Al-Khali border, aiming to boost economic diversification and trade.
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• Construction

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in ..Read More

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in Wa’ad Al Shamal Mining City, including Ma’aden’s Phosphate 3 project with SAR28 billion investment to boost Saudi’s phosphate production to 9 million tons annually. Several industrial, logistical, and service projects by MODON, valued at over SAR550 million, were also launched, enhancing infrastructure, energy, and logistics across 4.3 million sqm. Additionally, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex, adding 96 new residential units.
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• Mining