Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to ..Read More

Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to expand its chlor-alkali plant in Jubail. The project includes engineering, equipment supply, spare parts, and advisory services for commissioning and startup using membrane technology. The contract, which also includes a non-exclusive license, will be completed in 19 months.
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• Petrochemical

NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first ..Read More

NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first corporate ECA financing and the largest untied financing guaranteed by SACE. The funding, backed by a syndicate of nine international banks, will support NEOM’s development across infrastructure, urban projects, and transport. The deal strengthens NEOM’s collaboration with Italian suppliers, who have already secured $6.3 billion in contracts, aligning with Saudi Vision 2030’s goal of attracting foreign investment.
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• NEOM

The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, a ..Read More

The Saudi Investment Recycling Company (SIRC) has awarded NAZ Steel Industries a contract to design, supply, and erect pre-engineered buildings for three medical waste recycling facilities in Jeddah, Riyadh, and Dammam. The project, aligned with Saudi Vision 2030, will be completed in four months. NAZ Steel Industries, specializing in steel structures and pre-engineered buildings, sees this as a significant milestone in supporting waste treatment sector transformation.
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• Construction

Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecom ..Read More

Saudi Telecom Company (stc) has signed a contract worth SAR 32.64 billion with a government entity for telecommunications infrastructure services. Under the contract, stc will build, operate, and provide the required services, with an 18-month preparation and execution period, followed by 15 years of operation.
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• Construction

Borouge Plc, UAE, announced $100 million in new supply agreements and collaborations to advance sustainability ..Read More

Borouge Plc, UAE, announced $100 million in new supply agreements and collaborations to advance sustainability and innovative materials. It signed deals with Bericap, Taghleef Industries, INDEVCO Group, and ALPLA to supply polyethylene and polypropylene for advanced packaging solutions. Borouge is also promoting circularity with a zero-waste strategy, including a collaboration with Tahzeem Packaging and Rebound to produce shipping sacks with 30% recycled polyethylene. These initiatives reinforce Borouge’s role in enhancing product durability, recyclability, and environmental impact reduction.
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• Petrochemical

Saudi Arabia Railways (SAR) and Italian luxury hospitality company Arsenale have unveiled the final designs fo ..Read More

Saudi Arabia Railways (SAR) and Italian luxury hospitality company Arsenale have unveiled the final designs for Dream of the Desert, the Middle East’s first five-star luxury train. Featuring 34 luxury suites across 14 carriages, the train blends modern opulence with Saudi heritage, offering an exclusive travel experience aligned with Saudi Vision 2030. Departing from Riyadh, it will traverse the Northern Railway network, integrating cultural programs, fine dining, and curated art to immerse passengers in Saudi traditions.
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• Tourism
• Transport

L&T’s renewables business has been selected by Masdar as one of the preferred EPC contractors for the north ..Read More

L&T’s renewables business has been selected by Masdar as one of the preferred EPC contractors for the north site of the world’s first 24/7 solar PV and battery storage gigascale project in Abu Dhabi. The project, developed with EWEC, includes a 5.2GW solar PV plant and a 19GWh battery energy storage system, making it the largest of its kind globally. The initiative aims to provide clean energy 24/7 and marks Masdar’s most ambitious project to date.
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• Power

CESI Group has signed an MoU with Saudi Electricity Project Development Company (PDC) to enhance energy infras ..Read More

CESI Group has signed an MoU with Saudi Electricity Project Development Company (PDC) to enhance energy infrastructure in Saudi Arabia. The agreement, signed during Italian PM Giorgia Meloni’s visit, focuses on project efficiency, technological advancements, and sustainability. This collaboration supports Saudi Arabia’s Vision 2030 and strengthens CESI’s presence in the region’s energy sector.
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• Power