ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwa ..Read More

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, covering eight operational rigs under long-term contracts with national oil companies. This acquisition will accelerate ADNOC Drilling’s expansion in the GCC, enhancing its technological capabilities and operational efficiency. The transaction is subject to regulatory approvals, expected to close by Q1 2026, with full consolidation planned for 2026.
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• Oil & Gas

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and ..Read More

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields. The company will provide brownfield EPC and modification services to support Iraq’s goal of reducing gas flaring by 78% by end-2025. The projects will be executed by teams in Iraq and the UAE, with 60 new hires planned to support delivery.
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• Oil & Gas

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for ..Read More

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for Saudi Arabia’s 3 GW Qurayyah IPP Expansion Project, awarded by EPC JV Técnicas Reunidas (Spain) and Orascom Construction (Egypt). The project supports Saudi Arabia’s goal to derive 50% of its electricity from gas by 2030 and includes future carbon capture readiness. A PPA was signed in Feb 2025 by Hajr Two Electricity Co. with SPPC, aligning with Saudi Vision 2030 and net-zero targets for 2060.
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• Power

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALD ..Read More

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALDANAH, its first fully integrated residential community in Dhahran. Spanning 1.7 million sqm, the project will feature over 2,000 residential units, nine floor plans, and extensive amenities including green spaces, mosques, schools, and retail areas. Located near major landmarks, ALDANAH aligns with Vision 2030 goals to boost homeownership and quality of life in the Eastern Region.
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• Construction

Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam ..Read More

Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam turbines and generators for Saudi Arabia's Ghazlan 2 and Hajar Expansion gas-fired power plants, each with a capacity of ~2,900 MW. The contracts were awarded by a joint EPC consortium of Spain's Técnicas Reunidas and Egypt's Orascom. Completion is expected by 2028, with Doosan providing four turbines (2x650 MW, 2x540 MW). The deal boosts Doosan’s presence in the Middle East power sector.
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• Power

Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and ..Read More

Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and generators for the Ghazlan 2 and Hajar gas-fired power plant expansions in eastern Saudi Arabia, each with a capacity of approx. 2,900 MW. The deals were signed with EPC consortium partners Técnicas Reunidas (Spain) and Orascom Construction (Egypt), with phased completion expected by 2028. Doosan now holds a 33.1% global market share in ultra-large steam turbines for combined cycle plants.
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• Power

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering ..Read More

TK Elevator (TKE) has secured a major contract for Kuwait International Airport (KWI) Package No. 3, covering 55 custom-designed Passenger Boarding Bridges (PBBs), along with a 2-year maintenance contract. The bridges will support the under-construction Terminal 2, designed by Foster + Partners and executed by Limak Insaat, set to boost KWI’s capacity to 25 million passengers annually. TKE’s solutions aim to enhance operational efficiency and elevate the passenger experience, reinforcing its strong presence in the region.
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• Construction
• Transport

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s ..Read More

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi. Scheduled for completion by 2028, the plant will produce 1.8 million tonnes of methanol annually and utilize cutting-edge clean energy technologies to ensure high energy efficiency. Around 40 Wood consultants will collaborate with TA’ZIZ’s EPC contractor, highlighting Wood’s expertise in large-scale downstream chemical projects in the Middle East.
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• Petrochemical