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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Government Initiatives

Read about all the government initiatives in MENA region

Saudi Arabia

  •  February 19, 2025

TrinaTracker, a subsidiary of Trinasolar, is establishing a 3GW solar tracker manufacturing facility in Jeddah ..Read More

TrinaTracker, a subsidiary of Trinasolar, is establishing a 3GW solar tracker manufacturing facility in Jeddah’s 3rd Industrial City, set to begin operations in Q1 2025. The factory, part of a land-lease agreement with MODON, supports Saudi Vision 2030 by boosting local renewable energy capabilities, creating jobs, and enhancing energy sustainability. The zero-emission facility will produce Vanguard solar trackers optimized for the region’s climate and improve delivery efficiency and service for MEA clients. This initiative strengthens TrinaTracker’s global footprint while advancing the region’s clean energy transition.
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Egypt

  •  February 18, 2025

ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in H ..Read More

ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in Hurghada, Egypt, under a 25-year contract. The project includes financing, construction, and operation. Earlier, in January 2025, ACWA Power and HAU Energy achieved financial close for the 1.1 GW Suez Wind Farm in Egypt.
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UAE

  •  February 18, 2025

Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) agreement to enhance clean ener ..Read More

Masdar, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) agreement to enhance clean energy access in Africa and Asia. Masdar and TotalEnergies will focus on sustainable electricity in Africa and clean energy projects in Southeast Asia, while TotalEnergies and EPointZero will support India’s decarbonization through solar, wind, and storage. Signed at the UAE-France High-Level Business Council in Paris on February 16, the FFA aims to drive energy transformation in emerging markets.
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UAE

  •  February 18, 2025

ADNOC and Veolia signed an MoU at the UAE-France High Level Business Council to collaborate on water managemen ..Read More

ADNOC and Veolia signed an MoU at the UAE-France High Level Business Council to collaborate on water management. The partnership will leverage Veolia’s expertise across 44 countries to optimize water resources by analyzing water cycles, developing solutions, enhancing monitoring systems, and reducing water consumption. This initiative aligns with ADNOC’s commitment to sustainable water management while supporting communities and environmental protection.
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Oman

  •  February 18, 2025

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 ..Read More

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 metric tonnes of LNG annually on a Free on Board (FOB) basis, starting in April 2025. This partnership reinforces Oman LNG’s role in ensuring reliable global energy supplies and supports Oman’s economic growth. The agreement also strengthens Mercuria’s position in the LNG trading sector, enhancing its ability to meet rising global energy demands.
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Oman

  •  February 17, 2025

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in A ..Read More

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in Al Dhahirah, with an estimated investment of OMR 155 million. Notable bidders include Masdar, ACWA Power, TotalEnergies, EDF Renouvelables, and Sembcorp Utilities. The project aligns with Oman’s strategy to diversify energy resources and will follow the established IPP model. The scheduled commercial operation date is Q1 2027.
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Saudi Arabia

  •  February 17, 2025

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electri ..Read More

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electricity Company (SEC) to build 380kV transmission lines in Madinah and Jeddah by November 2027. The 491 km lines will transmit solar power to substations in western Saudi Arabia. This follows a $725 million contract awarded in November 2024, reinforcing Hyundai E&C’s presence in the region.
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Saudi Arabia

  •  February 17, 2025

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & T ..Read More

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & Toubro Saudi Arabia (L&T) to supply steel towers for the 500kV HVDC Overhead Transmission Line (COA-SOA Interconnection Link, Portion II) over 24 months. This follows a $207.2 million steel towers supply contract with Hyundai E&C, reinforcing its role in Saudi Arabia’s power infrastructure projects.
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