The GCC Interconnection Authority (GCCIA) and the Qatar Fund for Development (QFFD) have signed a $100 million ..Read More

The GCC Interconnection Authority (GCCIA) and the Qatar Fund for Development (QFFD) have signed a $100 million financing agreement for a $700 million direct grid connection project linking the GCCIA network with Oman. The project includes 530 km of 400 kV transmission lines, two substations (Ibri & Al Baynunah), and a dynamic compensator station, providing 1,700 MW transmission capacity. This initiative enhances regional energy integration, reduces power costs, increases grid reliability, and supports carbon emission reduction, aligning with sustainability and energy security goals in the GCC.
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• Power

CDE has signed a deal with Advanced Technology Recycling (ATR) to supply wet processing technology for constru ..Read More

CDE has signed a deal with Advanced Technology Recycling (ATR) to supply wet processing technology for construction and demolition (C&D) waste in Qatar, marking a first in the Gulf region. Signed in December 2024, the partnership enables ATR to efficiently recover valuable resources, supporting sustainable waste management. This collaboration aligns with Qatar’s environmental goals and CDE’s mission to tackle global waste challenges through innovative recycling solutions.
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• Power

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integ ..Read More

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integrated residential neighborhoods and layouts across various governorates, covering over 1.7 million sqm. Four agreements will deliver 1,300+ housing units with modern amenities in Sur, Sumail, Izki, and Al Buraimi, while four others will develop 1,000+ land plots with infrastructure in Liwa, Bahla, Ibri, and Bidiya. Additionally, four new investment opportunities were launched to develop residential neighborhoods across 1.28 million sqm in North Al Batinah, North A’Sharqiyah, Dhofar, and South Al Batinah.
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• Construction

xSAL Logistics Services has signed a cooperation agreement with the Madinah Region Development Authority to en ..Read More

xSAL Logistics Services has signed a cooperation agreement with the Madinah Region Development Authority to enhance logistics services and smart facilities at Prince Mohammed bin Abdulaziz International Airport in Madinah. The agreement, signed by Saleh bin Ahmed Aldaini and Abdulmajeed Mangara, aims to boost air cargo operations, improve the logistics performance index, and support Saudi Vision 2030. Key initiatives include smart facility systems, sustainability projects, seasonal event support, and logistics workshops, reinforcing Saudi Arabia’s ambition to become a global logistics hub.
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• Power

Mitsubishi Power has secured a major order from Morocco’s ONEE to supply two M701JAC gas turbines for the 99 ..Read More

Mitsubishi Power has secured a major order from Morocco’s ONEE to supply two M701JAC gas turbines for the 990 MW Al Wahda Open Cycle Gas Turbine Power Plant, set to begin operations in 2027. Located near Al Wahda Dam, the plant will stabilize Morocco’s national grid, support renewable energy integration, and contribute to the country’s goal of 52% renewable energy by 2030. Mitsubishi Power also signed a long-term service agreement with ONEE to ensure sustained reliability. The project, developed in partnership with China Energy Engineering Corporation Limited (CEEC), marks a key milestone in Morocco’s energy transition.
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• Power

ADNOC Gas UAE signed a 14-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil) ..Read More

ADNOC Gas UAE signed a 14-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil) to export up to 1.2 million tonnes of LNG annually, valued between $7 billion to $9 billion, with deliveries starting in 2026. This agreement strengthens UAE-India energy ties and supports India’s goal to increase gas usage to 15% of its energy mix by 2030. The LNG will be supplied from ADNOC Gas’ Das Island facility, which has a production capacity of 6 mtpa and has shipped over 3,500 cargoes globally.
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• Oil & Gas

TASARU Mobility Investments, owned by Saudi Arabia’s PIF, has launched a joint venture with Bahri and German ..Read More

TASARU Mobility Investments, owned by Saudi Arabia’s PIF, has launched a joint venture with Bahri and Germany’s MOSOLF Group to deliver integrated logistics solutions for the automotive and mobility sectors in Saudi Arabia. The JV offers services such as shipping, EV handling, and customs clearance while leveraging Bahri’s maritime expertise and Mosolf’s technical knowledge. It aims to enhance local manufacturing, support Vision 2030’s goals, attract foreign investment, and create high-value jobs. The initiative focuses on sustainable logistics innovation and strengthening Saudi Arabia’s automotive infrastructure.
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• Transport

NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon ..Read More

NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon, aligning with Saudi Arabia’s vision for a data-driven economy. The renewable-powered facility will use advanced cooling and energy-efficient architectures, aiming for net-zero operations by 2028. Oxagon’s strategic Red Sea location, fiber connectivity, and green energy access make it ideal for this large-scale project.
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• NEOM