Emirates Global Aluminium (EGA) plans to invest $4 billion to build the first new primary aluminium plant in t ..Read More

Emirates Global Aluminium (EGA) plans to invest $4 billion to build the first new primary aluminium plant in the U.S. since 1980, with a 600,000-tonne annual capacity—nearly doubling U.S. output. Located in Inola, Oklahoma, the plant aims to begin construction by end-2026 and produce first hot metal by decade’s end. It is expected to create up to 4,000 construction jobs and 1,000 permanent jobs, and spur a regional aluminium hub. EGA is also expanding its recycled aluminium capacity in Minnesota.
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• Manufacturing

Kuwait’s Ministry of Electricity, Water and Renewable Energy has invited bids for consultancy services for P ..Read More

Kuwait’s Ministry of Electricity, Water and Renewable Energy has invited bids for consultancy services for Phase 1 of the Nuwaiseeb Power Project. The project entails supplying, installing, operating, and maintaining gas turbine units in a combined cycle system with a capacity of 3,600 MW. Tender documents are available for KWD 1,000, with a bid security of KWD 62,000. The submission deadline is 12 August 2025.
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• Power

Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 ..Read More

Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 MW, OMR 590M) and Duqm (800 MW, OMR 290M) IPP projects, scheduled for commercial operation in Q2 2029. These combined cycle gas turbine plants, totaling 2,400 MW, will be developed under a build-own-operate model with private sector participation. Qualified bidders include firms from Saudi Arabia, South Korea, Japan, Qatar, Singapore, and China.
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• Power
• PPP

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power g ..Read More

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power generation and grid stability goals under Vision 2030 and its net-zero by 2060 target. This includes $2 billion in backlog or reservation agreements by Q1 2025, MoUs with Saudi Electricity Company, Aramco, ACWA Power, and others for advanced gas turbines, carbon capture, grid solutions, and R&D. GE Vernova also operates a major manufacturing and R&D facility in Dammam with over 850 employees.
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• Power

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South ..Read More

Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between Saudi Arabia’s PIF (70%) and South Korea’s Hyundai (30%), held its groundbreaking ceremony in the King Salman Automotive Cluster at KAEC. The facility—Hyundai’s first in the Middle East—aims to produce 50,000 ICE and EV vehicles annually starting Q4 2026, creating thousands of jobs and supporting Vision 2030 goals. The plant will enhance local capabilities, drive industrial growth, and accelerate Saudi Arabia’s position in the global automotive sector.
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• Manufacturing
• Transport

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment F ..Read More

Saudi Arabian Mining Company (Maaden) and US-based MP Materials signed an MoU during the US-Saudi Investment Forum 2025 to explore the development of a fully integrated rare earth supply chain in Saudi Arabia. The partnership aims to advance mining, refining, and magnet production of Rare Earth Elements (REEs), leveraging Saudi Arabia’s infrastructure and energy base. This strategic move supports growing demand in sectors like robotics, aerospace, and energy, while strengthening US-Saudi economic ties.
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• Mining

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in ..Read More

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in Riyadh, expanding its total partnerships with American firms to over USD 6 billion. The agreements cover collaborations with GE Vernova (gas turbines and grid systems), Baker Hughes (green hydrogen), KBR (ammonia and engineering services), and Energy Recovery (desalination efficiency). These partnerships support Saudi Arabia’s Vision 2030 and net-zero 2060 goals.
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• Power

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
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• Construction