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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

UAE

  •  May 27, 2025

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC O ..Read More

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC Offshore’s growing operations, with rigs prepared at Sharjah’s Lamprell shipyard. Equipped with AI, digitalization, and real-time analytics, these rigs will enhance efficiency and safety, starting operations in the second half of 2025. This long-term deal strengthens ADNOC Drilling’s revenue visibility and supports the UAE’s energy strategy and economic development.
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Oman

  •  May 26, 2025

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
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Kuwait

  •  May 26, 2025

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, ..Read More

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, located 5 km north of the Wafra field. The Wara-Burgan-1 well produced over 500 barrels per day with an API gravity of 26-27 degrees. This is the first discovery since production resumed in the Partitioned Zone in mid-2020, strengthening both countries’ roles as reliable global energy suppliers.
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Saudi Arabia

  •  May 26, 2025

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contrac ..Read More

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contract with Aramco to lead phase one of the National EPC Champion Initiative, focusing on water handling facility upgrades in South Ghawar. The project supports Saudi Arabia’s MSC crude oil targets and emphasizes operational excellence, workforce development, advanced technologies, and sustainability aligned with Vision 2030. NesmaKent’s role strengthens local supply chains and the Kingdom’s energy infrastructure leadership.
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Oman

  •  May 25, 2025

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to dev ..Read More

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to develop major tourism projects aimed at boosting the country's travel and leisure sector. The first project, in Wadi Al Shab (Sur), is in collaboration with OMRAN Group and will feature an adventure park with zip lines, hiking trails, swimming areas, and cafés. The second project, Sandan – Khasab Pearl in Khasab, is being developed with Khasab Development & Investment Company and includes a 4-star hotel with 200 rooms and 450 residential units. The third initiative, Hamyan Village in Nakhl, is a partnership with Hamyan Investment & Project Development Company, and will include a 4-star hotel with 156 rooms, 535 residential units, a traditional market, and a water park. These projects are aligned with Oman’s strategy to promote tourism and are open to foreign ownership.
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Saudi Arabia

  •  May 25, 2025

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through hum ..Read More

ROSHN Group has launched ROSHNEXT, its innovation arm aimed at transforming the real estate sector through human-centric experiences, digital transformation, and cutting-edge technologies. The initiative builds on ROSHN’s prior efforts, including interactive mobility experiences, hackathons, a digital transaction platform supporting nearly half of sales, and its internal innovation program with 125+ employee-generated ideas. ROSHNEXT will strengthen partnerships with local and global innovation hubs, expand investment in emerging ventures, and support Saudi Vision 2030 goals by enhancing quality of life and economic diversification.
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Saudi Arabia

  •  May 25, 2025

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Ho ..Read More

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Housing Company to build villas as part of the Areem Makkah project within the Makkah Gate development. The project will span 231,637.22 m² in area O2 and be completed over 42 months. Strategically located near the road from Jeddah to Makkah, Makkah Gate offers a full-service residential community just 30 minutes from the Holy Mosque, featuring integrated amenities and green spaces to enhance quality of life.
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Saudi Arabia

  •  May 23, 2025

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to p ..Read More

Aramco has successfully commissioned the world’s first megawatt-scale Iron-Vanadium (Fe/V) flow battery to power gas well operations in Wa’ad Al-Shamal, Saudi Arabia. Developed with Rongke Power, the 1-MWh system supports up to five wells, is designed for extreme climates, and provides a safer, more efficient, and low-maintenance alternative to traditional batteries. This innovation supports Aramco’s net-zero 2050 goal and renewable energy strategy.
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