NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The p ..Read More

NMDC Energy P.J.S.C., UAE, has received a letter of award for a local project valued at AED 9.7 billion. The project will be executed on an engineering, procurement, and construction (EPC) basis over 57 months, commencing on 31 March 2025.
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• Oil & Gas

Siemens Energy secured a USD 1.6 billion contract, with Harbin Electric International as EPC contractor, to su ..Read More

Siemens Energy secured a USD 1.6 billion contract, with Harbin Electric International as EPC contractor, to supply key technologies for the 1.8 GW Rumah 2 and 1.8 GW Nairyah 2 gas-fired power plants in Saudi Arabia, expected to reduce CO2 emissions by 60%. Core components will be manufactured at Siemens Energy’s Dammam Hub, supporting Saudi Arabia’s energy transition towards net-zero by 2060. The plants will begin operating in simple cycle mode by 2027 and transition to combined-cycle mode by 2028.
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• Power

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office ..Read More

Diriyah Company launched its Media and Innovation District at MIPIM in Cannes, spanning 250,000 sq m of office GFA, 450 residential homes, and 15,000 sq m of retail space, including the 325-room 1 Hotel Diriyah. The district will host global media and tech leaders, promoting sustainability and innovation. MIPIM 2025 also announced Armani Residences Diriyah with 15 curated homes by Giorgio Armani. As part of the $63.2 billion Diriyah masterplan, the project will create 178,000 jobs, attract 50 million visits annually, and contribute $18.6 billion to Saudi Arabia’s GDP.
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• Construction

Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorg ..Read More

Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorgio Armani, marking Armani’s debut in Saudi Arabia. Located in Diriyah Square, the residences range from 1,200 to 1,900 sq m, with luxury amenities, private pools, and exclusive access to Armani Hotel Diriyah’s facilities. Part of Diriyah’s growing branded residences portfolio, including Baccarat, Corinthia, Raffles, and Ritz-Carlton, this project aligns with Diriyah’s vision to house over 100,000 residents and enhance its luxury living offerings.
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• Construction

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion ..Read More

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion capacity of 1,950 MVA and 127 km of ground cables, serving areas like Al Athbah, Nadd Hessa, and Al Khawaneej 2. DEWA’s investments in 132kV transmission projects reached AED 2.1 billion, bringing the total number of 132kV substations to 360, with 37 under construction. This expansion supports Dubai’s urban growth, aligning with the Dubai Economic Agenda D33 and Dubai 2040 Urban Master Plan.
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• Power

Alandalus Property Company signed a 10-year agreement with Emerge, a Masdar-EDF Group joint venture, to instal ..Read More

Alandalus Property Company signed a 10-year agreement with Emerge, a Masdar-EDF Group joint venture, to install rooftop solar PV systems with a total capacity of 3.4 MWp at Hayat Mall in Riyadh and Alandalus Mall and Hotel in Jeddah. Emerge will finance, design, build, and maintain the systems, supporting Saudi Arabia’s Vision 2030 and Alandalus’s ESG goals. The agreement marks a significant step toward promoting renewable energy and sustainability.
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• Power

Linxon, a joint venture between AtkinsRéalis and Hitachi Energy, secured $1 billion in new orders by December ..Read More

Linxon, a joint venture between AtkinsRéalis and Hitachi Energy, secured $1 billion in new orders by December 2024, with contributions from the Americas, Asia Pacific/Middle East & Africa, and Europe. Key successes include expanding into Puerto Rico with nine Energy Storage Systems (ESS) projects and securing a major award in Abu Dhabi. Linxon continues to strengthen its presence in core European markets, with new awards expected in 2025, positioning itself for sustained growth in the power transmission sector.
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• Power

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water tr ..Read More

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water transmission pipeline and an advanced water treatment plant in New Tashkent City, Uzbekistan. Valued at AED 2 billion, the project will supply 500,000 m³/day of clean water sourced from the Charvak Mountain Reservoir, benefiting 2 million people and generating 20 MW of hydro-power. This marks TAQA’s second major water project in Uzbekistan, enhancing UAE-Uzbekistan ties and supporting sustainable growth.
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• Water