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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• Finance
• Water

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for ..Read More

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for constructing advanced railway logistics facilities in Al Buraimi and Sohar, and to China Railway Rolling Stock Corporation (CRRC) for supplying high-performance freight wagons. These facilities will enhance cargo efficiency, multimodal connectivity, and include provisions for locomotive and wagon maintenance. The project strengthens regional trade competitiveness, unlocks new trade routes, and positions Oman and the UAE as key logistics hubs, aligning with national economic priorities and ensuring long-term operational sustainability.
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• Construction
• Transport

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LL ..Read More

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LLC and Minerals Development Oman (MDO) to optimize raw material transport and enhance cross-border rail connectivity between the UAE and Oman. The partnership secures the transport of 4.2 million tonnes of limestone and red shale annually for 15 years, with an option to extend. EMSTEEL will operate a Rail Transfer Facility in Al Ain, while MDO ensures compliance with quality standards. This initiative aligns with the UAE’s Operation 300bn and Oman’s Vision 2040, promoting sustainability, reducing emissions, and fostering regional economic collaboration.
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• Transport

Técnicas Reunidas, Spain, secured a USD 3.39 billion Oil & Gas contract in the UAE for constructing upstream ..Read More

Técnicas Reunidas, Spain, secured a USD 3.39 billion Oil & Gas contract in the UAE for constructing upstream facilities and offshore activities in critical process facilities. The five-year project will be led by the company’s engineering office in Madrid.
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• Oil & Gas

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) wit ..Read More

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) with a combined capacity of 2,000 MW/8,000 MWh across four locations in Saudi Arabia. The bid submission deadline is June 2, 2025, and projects will follow a BOO model with 15-year Storage Services Agreements. This initiative supports Vision 2030, aiming for 50% renewable energy by 2030, with 10,100 MWac of solar and wind projects already tendered in KSA.
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• Power
• PPP

Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, locate ..Read More

Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, located in Al-Qunfudhah, Makkah Region, with a capacity of 300,000 cubic meters/day of desalinated water. Set to begin operations in Q1 2028, the BOO project will use reverse osmosis technology to enhance efficiency and reduce costs. 44 companies showed interest, with ACWA Power, Hajj Abdullah Ali Reza & Partners, and Al-Kifah Holding Company winning the bid. This initiative aligns with Vision 2030, increasing private sector participation in water infrastructure.
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• PPP
• Water

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osm ..Read More

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osmosis desalination plant at Ras Mohaisen, Saudi Arabia. The project includes 600,000 m³ potable water tanks and will be developed under a 25-year contract. ACWA Power holds a 45% stake, with the plant located 300 km south of Makkah on the Red Sea coast.
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• Water

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth ..Read More

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth OMR 145,274,094 during its first meeting of 2025. Key projects include the design and construction of 20 integrated school buildings across various governorates (OMR 39,711,95), the establishment of a multi-purpose port in Masirah, South A’Sharqiyah (OMR 28,612,449), and a three-year agreement for Microsoft software licenses for government institutions (OMR 21,580,376).
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• Construction