Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion inves ..Read More

Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion investment to produce “Saudi Made” laptops, desktops, and servers at a 200,000 sqm site in the Special Integrated Logistics Zone (SILZ), starting production in 2026. This initiative aligns with Saudi Arabia’s Vision 2030, creating up to 15,000 direct and 45,000 indirect jobs, contributing $10 billion to non-oil GDP by 2030. Lenovo will also establish a regional headquarters in Riyadh and expand its R&D and marketing presence across the MEA region, enhancing supply chain resilience and supporting regional growth.
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• Manufacturing

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, ..Read More

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, a RO 72 million initiative to enhance electricity transmission and sustainability. The project includes a 132/33 kV Masirah Grid Station, a 25 km subsea cable, 9 km underground cable, and 60 km overhead lines linking Masirah to Mahout. It will reduce carbon emissions by 80,000 tons annually by replacing diesel-based generation, ensuring efficient, cost-effective, and sustainable power. The project supports Oman’s Net-Zero 2050 goal, strengthens infrastructure, and boosts future investments.
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• Power

Saudi Electricity Company (SEC) signed an MoU with Hitachi Energy to adopt SF6-free electrical switches and ci ..Read More

Saudi Electricity Company (SEC) signed an MoU with Hitachi Energy to adopt SF6-free electrical switches and circuit breakers, reducing greenhouse gas emissions. The agreement, signed in Riyadh, aligns with Saudi Arabia’s clean energy transition, offering environmentally friendly alternatives for high- and medium-voltage equipment while maintaining performance and safety. This collaboration supports SEC’s efforts to develop sustainable infrastructure and minimize the environmental impact of energy systems.
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• Power

SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, ..Read More

SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, valued at SAR 1.8 billion. Developed by a Miahona, BESIX, and Marafiq consortium under the BOOT model, the 200,000 m³/day plant includes a 32 km transmission system, pumping station, and 200,000 m³ storage tanks. The project supports Saudi Arabia’s environmental goals, with commercial operations starting in Q4 2026 under a 25-year agreement.
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• Finance
• Water

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for ..Read More

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for constructing advanced railway logistics facilities in Al Buraimi and Sohar, and to China Railway Rolling Stock Corporation (CRRC) for supplying high-performance freight wagons. These facilities will enhance cargo efficiency, multimodal connectivity, and include provisions for locomotive and wagon maintenance. The project strengthens regional trade competitiveness, unlocks new trade routes, and positions Oman and the UAE as key logistics hubs, aligning with national economic priorities and ensuring long-term operational sustainability.
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• Construction
• Transport

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LL ..Read More

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LLC and Minerals Development Oman (MDO) to optimize raw material transport and enhance cross-border rail connectivity between the UAE and Oman. The partnership secures the transport of 4.2 million tonnes of limestone and red shale annually for 15 years, with an option to extend. EMSTEEL will operate a Rail Transfer Facility in Al Ain, while MDO ensures compliance with quality standards. This initiative aligns with the UAE’s Operation 300bn and Oman’s Vision 2040, promoting sustainability, reducing emissions, and fostering regional economic collaboration.
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• Transport

Técnicas Reunidas, Spain, secured a USD 3.39 billion Oil & Gas contract in the UAE for constructing upstream ..Read More

Técnicas Reunidas, Spain, secured a USD 3.39 billion Oil & Gas contract in the UAE for constructing upstream facilities and offshore activities in critical process facilities. The five-year project will be led by the company’s engineering office in Madrid.
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• Oil & Gas

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) wit ..Read More

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) with a combined capacity of 2,000 MW/8,000 MWh across four locations in Saudi Arabia. The bid submission deadline is June 2, 2025, and projects will follow a BOO model with 15-year Storage Services Agreements. This initiative supports Vision 2030, aiming for 50% renewable energy by 2030, with 10,100 MWac of solar and wind projects already tendered in KSA.
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• Power
• PPP