Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersiv ..Read More

Ssangyong Engineering & Construction (Ssangyong E&C) has secured a $230 million contract to build the Immersive Tower, a luxury office building in Dubai International Financial Centre (DIFC). The project includes a 36-story tower with three basement levels, spanning 114,474 square meters and targeting LEED Platinum certification for sustainability. Ssangyong E&C previously completed the ICD-Brookfield Place in DIFC in 2020.
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• Construction

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the M ..Read More

KKR is acquiring a stake in Gulf Data Hub (GDH), one of the largest independent data center platforms in the Middle East, to support its expansion across the Gulf. GDH operates seven data centers in the UAE and Saudi Arabia and plans further growth in Kuwait, Qatar, Bahrain, and Oman to meet increasing hyperscale demand. The deal, subject to regulatory approvals, marks one of the largest global investments in a UAE-founded business, with KKR and GDH committing over $5 billion to fuel growth and strengthen AI and cloud infrastructure in the region.
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• Construction

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to laun ..Read More

A consortium of leading entities, including PIF, SIRC, NEOM, SIKA, and ClimateCrete, has signed an MoU to launch the NovusCrete Consortium, focusing on sustainable concrete innovation. The initiative aims to reduce the construction sector's carbon footprint by promoting seawater concrete, recycled materials, and polymer-based solutions, aligning with Saudi Vision 2030. Led by OSP, the consortium will develop standards and codes for seawater concrete use, fostering localization, environmental sustainability, and industry innovation.
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• Construction

ADNOC’s Shah Field has achieved an industry-leading carbon intensity of 0.1 kgCO2e/boe, making it one of the ..Read More

ADNOC’s Shah Field has achieved an industry-leading carbon intensity of 0.1 kgCO2e/boe, making it one of the world’s least carbon-intensive oil fields. Located 230 km south of Abu Dhabi, the field produces 70,000 barrels per day and leverages AI, digitalization, and clean energy to optimize efficiency and reduce emissions. ADNOC continues to innovate, using advanced technologies like liquid ejectors and AI-driven predictive analytics to enhance sustainability and operational performance.
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• Oil & Gas

Nesma Infrastructure and Technology has signed a SAR 645 million contract with the Saudi Electricity Company t ..Read More

Nesma Infrastructure and Technology has signed a SAR 645 million contract with the Saudi Electricity Company to construct a 380kV substation in Bisha, Saudi Arabia. The project includes building the Bisha–Solar PV 380/132 KV BSP and is expected to be completed within 23 months.
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• Power

The UAE announced a high-speed train linking Abu Dhabi and Dubai, developed by Etihad Rail, enabling 30-minute ..Read More

The UAE announced a high-speed train linking Abu Dhabi and Dubai, developed by Etihad Rail, enabling 30-minute travel at speeds of 350 km/h. The project enhances smart transportation, aligns with the UAE Net Zero 2050 Strategy, and is expected to contribute AED 145 billion to GDP over five decades. Alongside, the first four passenger rail stations were unveiled, integrating with metro and bus networks to improve connectivity and boost economic growth.
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• Transport

Nama Power and Water Procurement Company (PWP) in Oman has issued an Expression of Interest (EOI) for the deve ..Read More

Nama Power and Water Procurement Company (PWP) in Oman has issued an Expression of Interest (EOI) for the development of two Independent Power Projects (IPPs) with a combined capacity of 2,400 MW. The projects will include the design, construction, operation, and maintenance of combined cycle gas turbine (CCGT) power plants, expected to be operational by April 2029. The projects will follow a structure similar to previous IPPs in Oman, with private sector funding. The EOI submission deadline is December 19, 2024.
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• Power
• PPP

MATARAT Holding has selected the Sener engineering and technology group to update the masterplans for five key ..Read More

MATARAT Holding has selected the Sener engineering and technology group to update the masterplans for five key Saudi airports: Yanbu, Tabuk, Al-Baha, Al Jouf, and Al Gurayat. This initiative aligns with Saudi Vision 2030, aiming to transform the nation's airport sector into a global benchmark for sustainability and efficiency. Sener will conduct detailed analyses of each airport's traffic patterns, tourism potential, facility requirements, capacity, and environmental impact to provide comprehensive frameworks for future development.
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• Construction
• Transport