PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI ..Read More

PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI innovation, advancing workforce development, and developing advanced Arabic language models. The hub is projected to boost Saudi Arabia’s GDP by $71 billion and create thousands of jobs, contributing to a 50% growth in the ICT sector and strengthening Saudi Arabia's position in AI and digital technology.
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• Power

L&T has secured significant power transmission contracts across the Middle East and Africa, focusing on expand ..Read More

L&T has secured significant power transmission contracts across the Middle East and Africa, focusing on expanding high-voltage grids and enhancing energy management systems. The projects include transmission line developments in Saudi Arabia, substation expansions in Qatar, and the establishment of Kenya’s National System Control Centre to support stable integration of renewable energy sources.
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• Power

Nakheel and DEWA have partnered on a AED270 million project to build two high-capacity 132/11 KV substations w ..Read More

Nakheel and DEWA have partnered on a AED270 million project to build two high-capacity 132/11 KV substations with a combined 400 MVA capacity, designed to power the luxury villas and waterfront developments of Palm Jebel Ali. This initiative supports Dubai’s growth, aligns with the D33 Economic Agenda, and contributes to expanding the city’s future growth corridor in the Jebel Ali area.
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• Power

Tadweer Group and the Uzbekistan Government have signed a joint development agreement to establish a waste-to- ..Read More

Tadweer Group and the Uzbekistan Government have signed a joint development agreement to establish a waste-to-energy plant in the Navoi and Bukhara regions, aiming to promote sustainable development, circular economy principles, and renewable energy production. This partnership strengthens UAE-Uzbekistan collaboration toward a net-zero future.
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• Power

Veolia and Morocco have signed a partnership to develop Africa’s largest seawater desalination plant, set to ..Read More

Veolia and Morocco have signed a partnership to develop Africa’s largest seawater desalination plant, set to supply 822,000 m³ of drinking water daily to 9.3 million people in the Rabat, Fès, and Meknès regions. The project, which aligns with Morocco's climate resilience strategy, will be powered by low-carbon renewable energy and will play a crucial role in strengthening the country's water supply security in the face of climate change.
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• Water

PIF and Brookfield Asset Management Ltd. signed a non-binding MoU at the FII 8th Edition in Riyadh, with PIF a ..Read More

PIF and Brookfield Asset Management Ltd. signed a non-binding MoU at the FII 8th Edition in Riyadh, with PIF as a strategic anchor investor for Brookfield Middle East Partners (BMEP). The platform aims to raise $2 billion for investments in sectors like industrials, technology, and healthcare, with at least 50% allocated to Saudi Arabia. The partnership also includes expanding Brookfield's Riyadh office and launching Brookfield Academy locally to support talent development and economic growth.
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• Construction

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vie ..Read More

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vietnamese Prime Minister H.E. Pham Minh Chinh's visit to Saudi Arabia. The agreement, formalized at the FII 8th Edition in Riyadh, aims to explore cooperation in the storage, supply, and trading of energy and petrochemical products, with a focus on optimizing operations and unlocking additional value.
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• Oil & Gas

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industria ..Read More

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industrial Development Fund (SIDF) to launch a major supply chain financing program, one of the largest globally, aimed at providing affordable financing for Aramco’s suppliers. Announced at the FII 8th Edition in Riyadh, the new FinTech solution will improve suppliers' liquidity, enhance cash flow forecasting, and strengthen Aramco’s supply chain resilience, unlocking billions of Saudi Riyals in liquidity to support working capital optimization and alternative financing access for suppliers
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• Oil & Gas