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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

Saudi Arabia

  •  February 02, 2025

Dar Global has awarded the enabling works contract for the SAR 2 billion ($531 million) Trump Tower Jeddah to ..Read More

Dar Global has awarded the enabling works contract for the SAR 2 billion ($531 million) Trump Tower Jeddah to Specialized Italian Foundation Co. Ltd. (SIFCO), a Saudi-foreign investment firm specializing in deep foundation construction. Located on Jeddah’s Corniche, the 47-floor tower will introduce an exclusive lifestyle concept, including Saudi Arabia’s first Trump Club. Dar Global is also developing 200 premium villas in Riyadh as part of its vision to bring international luxury standards to Saudi Arabia’s real estate market.
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Saudi Arabia

  •  January 31, 2025

Baker Hughes secured a contract to supply six gas compression trains and six propane compressors for the third ..Read More

Baker Hughes secured a contract to supply six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field in Saudi Arabia. Awarded by Tecnicas Reunidas, the order was booked in Q4 2024 and will leverage Baker Hughes' Dammam Center. This deal strengthens its long-standing partnership with Aramco, supporting Saudi Arabia’s energy development with advanced gas compression technology.
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GCC

  •  January 30, 2025

L&T's Minerals & Metals (M&M) vertical has secured a significant repeat order for setting up freight handling ..Read More

L&T's Minerals & Metals (M&M) vertical has secured a significant repeat order for setting up freight handling facilities in the GCC region. The project involves engineering, procurement, construction, and commissioning (EPCC) of advanced automated facilities at two locations. This reinforces L&T's reputation in executing high-quality EPC projects and highlights its expertise in freight handling and material processing across industries.
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Saudi Arabia

  •  January 29, 2025

Penspen closed 2024 on a strong note, securing $120 million in new contracts in H2, bringing total annual sale ..Read More

Penspen closed 2024 on a strong note, securing $120 million in new contracts in H2, bringing total annual sales to over $225 million—a 20% year-on-year growth. Major wins included 26 contracts in the Middle East & Africa ($98M), renewable energy projects in Saudi Arabia, and expansion in hydrogen and carbon capture in Europe. The company also increased its workforce in the UAE and Saudi Arabia to support rising demand and strengthened its UK footprint with the acquisition of C&I Engineering Solutions.
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Bahrain

  •  January 29, 2025

VA TECH WABAG secured a $14 million contract from BAPCO Refining for the operation and maintenance of an Indus ..Read More

VA TECH WABAG secured a $14 million contract from BAPCO Refining for the operation and maintenance of an Industrial Wastewater Treatment Plant in Bahrain for seven years. The plant, using advanced Membrane Bioreactor (MBR) technology, treats 4,400 USGPM of wastewater, ensuring high environmental standards. This win strengthens WABAG’s O&M presence in Bahrain, where it has been managing the Madinat Salman Sewage Treatment Plant since 2018.
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Saudi Arabia

  •  January 29, 2025

ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Ya ..Read More

ASFAR, the Saudi tourism investment company, has signed investment agreements with the Royal Commission for Yanbu to transform Yanbu into a premier tourist destination. The partnership, involving Baheej, focuses on developing four projects along the waterfront, including a resort, hotel, restaurants, and a diving academy. This initiative aligns with Saudi Vision 2030, aiming to boost tourism and economic diversification along the Red Sea coast.
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Saudi Arabia

  •  January 29, 2025

Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to ..Read More

Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to expand its chlor-alkali plant in Jubail. The project includes engineering, equipment supply, spare parts, and advisory services for commissioning and startup using membrane technology. The contract, which also includes a non-exclusive license, will be completed in 19 months.
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Saudi Arabia

  •  January 28, 2025

NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first ..Read More

NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first corporate ECA financing and the largest untied financing guaranteed by SACE. The funding, backed by a syndicate of nine international banks, will support NEOM’s development across infrastructure, urban projects, and transport. The deal strengthens NEOM’s collaboration with Italian suppliers, who have already secured $6.3 billion in contracts, aligning with Saudi Vision 2030’s goal of attracting foreign investment.
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