ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group Internat ..Read More

ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group International, a $60+ billion global polyolefins leader. ADNOC will also acquire Nova Chemicals for $13.4 billion, expanding its North American presence. The new entity, headquartered in Austria with regional hubs in the UAE, Canada, and Singapore, will have a 13.6 mtpa polyolefins capacity and be listed on ADX. ADNOC and OMV will each hold 46.94% stakes, with up to $4 billion capital raise planned in 2026. The deal is expected to close in Q1 2026, targeting $500 million in synergies and strong dividend policies.
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• Petrochemical

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured new orders across Saudi Arab ..Read More

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured new orders across Saudi Arabia, Abu Dhabi, and India. In Saudi Arabia, it will build a 380kV Gas Insulated Substation (GIS) with reactors and hybrid GIS bays. In Abu Dhabi, it will set up a 220/33kV grid station. In India, it won contracts for 765kV and 400kV transmission lines in Uttar Pradesh’s Renewable Energy Zone and a 400kV transmission line for a non-fossil fuel-based power plant in southern India, reinforcing its role in global grid infrastructure development.
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• Power

Kuwait Company for Process Plant Construction & Contracting (KCPC) has signed an infrastructure contract worth ..Read More

Kuwait Company for Process Plant Construction & Contracting (KCPC) has signed an infrastructure contract worth KWD 89.6 million (USD 290.3 million) with Public Authority for Housing Welfare (PAHW), Kuwait for the South Saad Al-Abdullah residential project. The scope includes construction, completion, and maintenance of infrastructure across multiple residential suburbs (NFU7-NFU17, I1, I2), along with irrigation tank buildings and substations. The project duration is 1,095 days, following its award announcement in January 2025.
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• Construction

Hassan Allam Holding’s subsidiary, Hassan Allam Roads & Bridges, has been awarded the Roads and Paving Works ..Read More

Hassan Allam Holding’s subsidiary, Hassan Allam Roads & Bridges, has been awarded the Roads and Paving Works contract for the Port of NEOM in Oxagon, Northwest Saudi Arabia. The project involves pavement work across 375,000 m², supporting NEOM’s rapid urban and industrial expansion. Aligned with Saudi Vision 2030, the company aims to enhance infrastructure and drive economic growth while expanding its regional presence.
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• Construction
• NEOM

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical secured new orders in India and abroad, ..Read More

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical secured new orders in India and abroad, including a 380kV Gas Insulated Substation (GIS) in Saudi Arabia and a 220/33kV grid station in Abu Dhabi. In India, it won orders for 765kV and 400kV transmission lines linked to a Renewable Energy Zone in Uttar Pradesh and a 400kV line to evacuate power from a non-fossil fuel-based plant in southern India. These repeat orders highlight L&T’s critical role in enhancing grid infrastructure and supporting renewable energy growth globally.
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• Power

Dubai’s RTA and Dubai Holding signed a AED 6 billion agreement to enhance Dubai’s road and transport netwo ..Read More

Dubai’s RTA and Dubai Holding signed a AED 6 billion agreement to enhance Dubai’s road and transport network, supporting urban expansion and improving mobility. The project includes new bridges, roads, and traffic solutions across key developments like Jumeirah Village Circle, Business Bay, Palm Jumeirah, and International City (Phase 3). Enhancements aim to reduce travel time by 30-70%, improve traffic flow and safety, and add pedestrian bridges and additional lanes. The initiative aligns with Dubai’s vision for innovation and seamless connectivity.
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• Construction

KAHRAMAA and QEWC signed a QAR 1.6 billion Power Purchase Agreement for 511 MW peak electricity generation uni ..Read More

KAHRAMAA and QEWC signed a QAR 1.6 billion Power Purchase Agreement for 511 MW peak electricity generation units at Ras Abu Fontas, starting January 2027. The project enhances grid stability, energy security, and renewable integration under Qatar’s National Renewable Energy Strategy. It marks strong public-private collaboration to ensure efficient, sustainable electricity supply while modernizing the energy sector.
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• Power
• PPP

PowerChina has signed an EPC contract with Qatar Electricity and Water Company (QEWC) for a 500MW single-cycle ..Read More

PowerChina has signed an EPC contract with Qatar Electricity and Water Company (QEWC) for a 500MW single-cycle peak-generation gas power plant in Ras Abu Fontas, Doha. The project includes two F-class gas turbine generator sets and is set for completion in January 2027 to meet peak summer demand. This project aligns with Qatar’s 2030 Economic Development Vision and strengthens PowerChina’s presence in the Middle East energy sector under the Belt and Road initiative.
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• Power