Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in prog ..Read More

Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in programmable and optical semiconductors. The partnership aligns with Oman’s Vision 2040 to become a regional tech hub and promote digital transformation. Lumotive, a recognized innovator with CES Innovation Awards, will bolster Oman’s semiconductor ambitions through this strategic collaboration.
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• Manufacturing

ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on e ..Read More

ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on extracting value from waste and reducing the environmental footprint of desalination. The partnership will leverage advanced membrane and crystallization technologies, pilot installations, and shared expertise to recover valuable resources from seawater brine. This initiative supports NEOM’s sustainability goals and has potential for scalability in other water-scarce regions.
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• NEOM

AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² i ..Read More

AD Ports Group (UAE) and Egypt’s SCZONE signed a 50-year renewable usufruct agreement to develop a 20 km² industrial and logistics park near Port Said, named KEZAD East Port Said. Phase 1, covering 2.8 km², will begin construction by end-2025 with a $120 million investment. The partnership includes Hassan Allam Holding and aims to transform the area into a global trade hub. AD Ports Group has also invested in multiple logistics, terminal, and cruise projects across Egypt since 2022.
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• Transport

BYD Energy Storage (China) has begun shipping the world’s largest 12.5 GWh grid-scale Battery Energy Storage ..Read More

BYD Energy Storage (China) has begun shipping the world’s largest 12.5 GWh grid-scale Battery Energy Storage System (BESS) to Saudi Arabia, with the first batch of 120 MC Cube-T cabinets departing from Guangxi on April 27, 2025. The full project includes 2,364 cabinets and supports Saudi Arabia’s green energy transition. The contract with Saudi Electricity Company (SEC) was signed in January 2025, covering design, supply, installation supervision, and maintenance.
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• Power

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of Kuwait-based Combined Group Contract ..Read More

Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of Kuwait-based Combined Group Contracting Company, has secured a AED 437.4 million (USD 119.1 million) contract from Ras Al Khaimah Government Public Services Department in the UAE. The contract involves constructing roads and services in northern Ras Al Khaimah, Package C1, with a duration of 730 days. Previously, CGC was awarded another UAE contract worth AED 1.01 billion (USD 275.8 million).
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• Construction

Kuwait's Ministry of Electricity, Water & Renewable Energy has invited bids for Phase 4 of the Sabiya Power Pl ..Read More

Kuwait's Ministry of Electricity, Water & Renewable Energy has invited bids for Phase 4 of the Sabiya Power Plant expansion in Al Jahra, aiming to add 900 MW via combined cycle gas turbines. Earlier phases included 935 MW (Phase 3) by Alghanim International in 2020 (USD 439 million) and a 250 MW upgradation in Phase 2 by the same EPC. Recently, TNB REMACO (Malaysia) was awarded a maintenance contract for the facility.
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• Power

Schneider Electric hosted its Innovation Talks in Riyadh, announcing the $850M acquisition of Motivair (75% st ..Read More

Schneider Electric hosted its Innovation Talks in Riyadh, announcing the $850M acquisition of Motivair (75% stake), a leader in liquid cooling for AI and HPC data centers. This move supports Saudi Arabia’s Vision 2030 and its goal to increase data center capacity by 37% by 2027. Schneider also signed multiple MoUs with Dulb, Edarat, Mobily, and DataVolt to develop sustainable, AI-driven digital infrastructure. With Saudi Arabia accounting for 86% of Middle East’s data center capacity, Schneider is reinforcing its role as a key partner in the Kingdom’s digital and green transformation.
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• Power

SOHAR Port and Freezone has initiated the construction phase of the MARSA LNG project, a USD 1.6 billion joint ..Read More

SOHAR Port and Freezone has initiated the construction phase of the MARSA LNG project, a USD 1.6 billion joint venture between TotalEnergies and OQ Oman, by signing three key contracts with WSP, Boskalis, and Six Construct for consultancy, dredging, and LNG jetty construction. The project, powered entirely by a 300MW solar plant, will be the Middle East’s first LNG bunkering hub producing one million metric tons annually, supporting Oman’s Vision 2040 and carbon neutrality goals. Completion timelines range from September 2025 for dredging to 16 months for jetty construction.
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• Construction