Red Sea International’s subsidiary, The Fundamental Installation for Electric Work Co. Ltd., has signed a SA ..Read More

Red Sea International’s subsidiary, The Fundamental Installation for Electric Work Co. Ltd., has signed a SAR 265.9 million contract with ALEC Saudi Arabia for MEP works at the “iLMi” Science Discovery and Innovation Center in Riyadh. The project includes deep utilities, PV systems, museum exhibits, and more, spanning nine levels with exhibition galleries, an amphitheater, and offices. The contract duration is 636 days.
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• Construction

Kingdom Holding Company has restarted concrete pouring for Jeddah Tower, set to be the world’s tallest build ..Read More

Kingdom Holding Company has restarted concrete pouring for Jeddah Tower, set to be the world’s tallest building at over 1,000 meters. Managed by Jeddah Economic Company with renowned architects and engineers, the tower will feature luxury residences, commercial spaces, a Four Seasons hotel, and an observation deck. In October 2024, a $1.92 billion contract was awarded to Saudi Binladin Group to resume construction.
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• Construction

Dubai’s Roads and Transport Authority (RTA) has awarded a AED 1.5 billion contract for the Al Fay Street Dev ..Read More

Dubai’s Roads and Transport Authority (RTA) has awarded a AED 1.5 billion contract for the Al Fay Street Development Project, enhancing connectivity between Sheikh Mohammed bin Zayed Road and Emirates Road. The project includes five key intersections, 13,500 metres of bridges, and 12,900 metres of roads, increasing capacity to 64,400 vehicles per hour. It will improve traffic flow for major residential and developmental areas, benefiting around 600,000 people.
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• Construction

Vale has signed a land reservation agreement with Saudi Arabia’s Royal Commission of Jubail and Yanbu to est ..Read More

Vale has signed a land reservation agreement with Saudi Arabia’s Royal Commission of Jubail and Yanbu to establish a Mega Hub at Ras Al-Khair Industrial City for green-steel production. The hub, developed in two phases, will produce up to 12 million tons of cold-briquetted iron ore (CBI) annually, supporting net-zero steelmaking. Part of Vale’s broader strategy, the project aligns with Saudi Vision 2030, leveraging the Kingdom’s resources and strategic location to drive industrial growth and sustainability.
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• Manufacturing

ACWA Power, in collaboration with IC İÇTAŞ, has been selected for Azerbaijan's Caspian SWRO desalination pr ..Read More

ACWA Power, in collaboration with IC İÇTAŞ, has been selected for Azerbaijan's Caspian SWRO desalination project. The consortium will build a seawater reverse osmosis desalination plant with a daily capacity of 300,000 cubic meters in Sumgayit Chemical Industrial Park. The project will serve the growing drinking water needs of Baku and the Absheron Peninsula, with a 27.5-year operational period before management is transferred to the Azerbaijan State Water Resources Agency.
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• Water

Petro Rabigh and Honeywell have signed an MoU under the patronage of the Saudi Ministry of Energy to demonstra ..Read More

Petro Rabigh and Honeywell have signed an MoU under the patronage of the Saudi Ministry of Energy to demonstrate Naphtha-to-Ethane-and-Propane (NEP) technology at the Petro Rabigh refinery. This collaboration aims to enhance crude oil conversion into value-added petrochemicals, promote sustainability, and drive innovation, aligning with Saudi Vision 2030 to advance the petrochemical sector.
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• Oil & Gas

Masdar has announced the selection of preferred suppliers and contractors for the world’s first large-scale, ..Read More

Masdar has announced the selection of preferred suppliers and contractors for the world’s first large-scale, round-the-clock solar and battery storage project in Abu Dhabi. Larsen & Toubro and POWERCHINA will serve as the EPC contractors. The project, featuring a 5.2GW solar PV plant and a 19GWh battery storage system, aims to deliver 1GW of baseload power 24/7. JA Solar, Jinko Solar, and CATL are the preferred suppliers for PV modules and battery storage. This initiative aligns with the UAE’s Energy Strategy 2050 and supports its global sustainability goals.
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• Power

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on m ..Read More

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on mining, sustainability, innovation, and supply chains. Major deals include projects in flat steel, crude iron billets, copper smelting, and deep-sea mineral exploration. Key announcements included Aramco and Maaden’s critical minerals project, Hadeed’s acquisition of Al Rajhi Steel, and Baosteel’s first plant outside China. The forum attracted 18,000+ participants from 170 countries, highlighting Saudi Arabia’s push for global mining sector growth.
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• Mining