Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 ..Read More

Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 MW, OMR 590M) and Duqm (800 MW, OMR 290M) IPP projects, scheduled for commercial operation in Q2 2029. These combined cycle gas turbine plants, totaling 2,400 MW, will be developed under a build-own-operate model with private sector participation. Qualified bidders include firms from Saudi Arabia, South Korea, Japan, Qatar, Singapore, and China.
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• Power
• PPP

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power g ..Read More

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power generation and grid stability goals under Vision 2030 and its net-zero by 2060 target. This includes $2 billion in backlog or reservation agreements by Q1 2025, MoUs with Saudi Electricity Company, Aramco, ACWA Power, and others for advanced gas turbines, carbon capture, grid solutions, and R&D. GE Vernova also operates a major manufacturing and R&D facility in Dammam with over 850 employees.
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• Power

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in ..Read More

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in Riyadh, expanding its total partnerships with American firms to over USD 6 billion. The agreements cover collaborations with GE Vernova (gas turbines and grid systems), Baker Hughes (green hydrogen), KBR (ammonia and engineering services), and Energy Recovery (desalination efficiency). These partnerships support Saudi Arabia’s Vision 2030 and net-zero 2060 goals.
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• Power

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
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• Construction

Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financin ..Read More

Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financing from regional banks to develop Oman’s largest integrated copper concentrate project in Yanqul, spanning 20 sq. km. The project will produce 115,000 tonnes of copper concentrate annually (21.5% purity) from 22.9 million tonnes of ore. Key contracts were signed with ASYAD, ONEIC, STRABAG Oman, and Lycopodium (Canada), with supply agreements from Metso. The project emphasizes sustainability and aligns with Oman Vision 2040.
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• Construction
• Mining

Kapsch TrafficCom AG (Austria) has been awarded a five-year contract by Sharjah Roads & Transport Authority (S ..Read More

Kapsch TrafficCom AG (Austria) has been awarded a five-year contract by Sharjah Roads & Transport Authority (SRTA), UAE, for the implementation and maintenance of systems in five key tunnels, including the 2.7 km Al Multaqa tunnel—the longest covered tunnel in the Middle East. Valued in the double-digit millions (USD), the project starts in May 2025 and includes MEP systems, SCADA integration, AI-enabled traffic management, fire and safety systems, and XR-enabled control rooms. The project aims to enhance safety, reduce travel time, and improve air quality between Khorfakkan and Sharjah.
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• Construction

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Ar ..Read More

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Arabia) to serve as the delivery partner for three major terminals at the upcoming King Salman International Airport (KSIA) in Riyadh. The airport, expected to be the world’s largest, will feature six parallel runways and handle 185 million passengers and 3.5 million tons of cargo annually by 2050. The project includes a commercial terminal, Terminal 6 for low-cost carriers, and a private aviation terminal, all targeting LEED Platinum certification, and aligns with Saudi Vision 2030.
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• Construction

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman Internation ..Read More

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman International Airport Development Company (KSA), owned by the Public Investment Fund. The contracts cover airfield assets (runways, taxiways, control towers) and landside infrastructure (roads, tunnels, rail, utilities) for the upcoming King Salman International Airport in Riyadh. Spanning an initial 4-year phase, the project supports Saudi Vision 2030 and aims to handle 120 million passengers by 2030 and 185 million by 2050 across 6 parallel runways on a 57 km² site.
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• Construction