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

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