Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, locate ..Read More

Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, located in Al-Qunfudhah, Makkah Region, with a capacity of 300,000 cubic meters/day of desalinated water. Set to begin operations in Q1 2028, the BOO project will use reverse osmosis technology to enhance efficiency and reduce costs. 44 companies showed interest, with ACWA Power, Hajj Abdullah Ali Reza & Partners, and Al-Kifah Holding Company winning the bid. This initiative aligns with Vision 2030, increasing private sector participation in water infrastructure.
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• PPP
• Water

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osm ..Read More

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osmosis desalination plant at Ras Mohaisen, Saudi Arabia. The project includes 600,000 m³ potable water tanks and will be developed under a 25-year contract. ACWA Power holds a 45% stake, with the plant located 300 km south of Makkah on the Red Sea coast.
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• Water

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth ..Read More

The Tender Board of Oman, chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, awarded contracts worth OMR 145,274,094 during its first meeting of 2025. Key projects include the design and construction of 20 integrated school buildings across various governorates (OMR 39,711,95), the establishment of a multi-purpose port in Masirah, South A’Sharqiyah (OMR 28,612,449), and a three-year agreement for Microsoft software licenses for government institutions (OMR 21,580,376).
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• Construction

ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah ..Read More

ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah-compliant credit facility from Saudi National Bank for seven years to finance the acquisition of ROSHN Front. This acquisition expands ROSHN into commercial and retail sectors, with ROSHN Front attracting over 7 million visitors annually. The property includes 81,800 sqm of retail space and 78,900 sqm of business space, enhancing tenant experience and boosting long-term growth.
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• Finance

The Iraqi Ministry of Electricity signed three contracts with Linxon to rehabilitate 400 kV BSP stations in No ..Read More

The Iraqi Ministry of Electricity signed three contracts with Linxon to rehabilitate 400 kV BSP stations in North Baghdad, South Baghdad, and Diyala, under SEK and EKN loans. Signed by Riyad Uraibi Muklf and Hassan Merhi, the contracts aim to upgrade electrical equipment, enhance protection and control systems, and improve infrastructure. This initiative, directed by Minister Zeyad Ali Fadhil, seeks to strengthen Iraq’s Electrical Super Grid for continuous and efficient operation.
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• Power

Abraj Energy Services, Oman, secured an extension for three rigs with Petroleum Development Oman (PDO), with t ..Read More

Abraj Energy Services, Oman, secured an extension for three rigs with Petroleum Development Oman (PDO), with two rigs extended until December 2026 and one until January 2027, generating approximately OMR 9 million in revenue. The extension reflects Abraj’s strong performance and commitment to operational excellence and HSE standards, supporting Oman’s energy vision.
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• Oil & Gas

The Ministry of Energy and Minerals, Oman, announced new investment opportunities in Oil and Gas Blocks 36, 43 ..Read More

The Ministry of Energy and Minerals, Oman, announced new investment opportunities in Oil and Gas Blocks 36, 43A, and 66 in collaboration with OQ Exploration and Production (OQEP) and Scotiabank. The initiative aims to attract investments in Oman’s exploration and production sector. Awarding of the blocks is subject to signing necessary Concession Agreements and issuance of Royal Decrees by His Majesty The Sultan.
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• Oil & Gas

L&T’s Minerals & Metals (M&M) business will establish a Pellet Plant and a Direct Reduction of Iron (DRI) Pl ..Read More

L&T’s Minerals & Metals (M&M) business will establish a Pellet Plant and a Direct Reduction of Iron (DRI) Plant for a leading steel producer in the MENA region, as part of a major order aligned with global decarbonization efforts. The project includes design, engineering, supply, erection, and construction using globally recognized technologies. This reinforces M&M’s leadership in executing complex steel plant projects in the MENA region, ensuring quality, safety, and timely completion.
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• Manufacturing