Dubai Electricity and Water Authority (DEWA) has completed a 30 million imperial gallon (MIG) desalinated wate ..Read More

Dubai Electricity and Water Authority (DEWA) has completed a 30 million imperial gallon (MIG) desalinated water reservoir project in Hatta, valued at AED 86 million. This initiative is part of DEWA's strategy to increase water reserves and improve the efficiency of water networks in Dubai. The project aligns with the Comprehensive Development Plan for Hatta and is expected to enhance water flow and meet growing demand. DEWA is also expanding its storage capacity, with additional reservoirs planned for 2025.
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• Power

Modon and EMSTEEL Group have signed a strategic alliance to make Modon the first real estate developer in the ..Read More

Modon and EMSTEEL Group have signed a strategic alliance to make Modon the first real estate developer in the UAE to use low-carbon steel in construction. This partnership supports the UAE's Net-Zero 2050 strategy by incorporating green steel produced with renewable hydrogen, marking a significant step towards sustainable construction practices. The initiative aligns with the UAE's green targets and aims to decarbonize the construction industry.
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• Construction

Saudi Cable Company's Bahrain branch signed two turnkey contracts worth SAR 64.7 million. The first, valued at ..Read More

Saudi Cable Company's Bahrain branch signed two turnkey contracts worth SAR 64.7 million. The first, valued at SAR 38 million with Bilaj Aljazayer Company, involves a 10-month project for a 66 kV power extension. The second, worth SAR 26.6 million with Diyar Al Muharraq Company, is a 30-month project for similar power extension and installation works.
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• Power

Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Ju ..Read More

Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Jumeirah Lakes Towers (JLT) to Dutco Construction. The project will offer 500,000 square feet of premium office space, with amenities such as unique food and beverage options and extensive parking. Construction is set to complete by Q4 2026, continuing a successful partnership between the two companies.
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• Construction

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea faciliti ..Read More

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea facilities at the Abu Safah field, offshore Saudi Arabia. The project, valued between $150 million and $300 million, includes engineering, procurement, construction, and installation, with offshore operations planned for 2026. It will be managed from Subsea 7's Al Khobar office, reinforcing their long-standing partnership with Aramco.
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• Oil & Gas

Wood has secured a $17 million contract with a leading Middle Eastern petrochemical company to enhance efficie ..Read More

Wood has secured a $17 million contract with a leading Middle Eastern petrochemical company to enhance efficiency and reduce emissions at a process manufacturing plant. The contract includes the design of a heat recovery system that will capture high-temperature flue gas, generating medium-pressure steam. This solution is expected to cut around 110,000 tonnes of CO2 emissions annually, equivalent to removing 22,000 cars from the road.
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• Petrochemical

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credi ..Read More

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credit Facility agreement, involving several major banks including ICBC, Bank of China, and First Abu Dhabi Bank. The financing, with a duration of 5 years and an optional 2-year extension, will support SEC’s operations and projects.
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• Finance

Saudi Water Partnerships Company (SWPC) has selected the consortium of ACWA Power, Haji Abdullah Alireza & Par ..Read More

Saudi Water Partnerships Company (SWPC) has selected the consortium of ACWA Power, Haji Abdullah Alireza & Partners, and AlSharif Contracting as the preferred bidder for the Jubail 4 and Jubail 6 Independent Water Plants. Located south of Jubail, the project will produce 600,000 m³/day of potable water and operate for 25 years starting in Q1 2028. The consortium submitted a levelized cost of 1.8206 SAR/m³, supporting Saudi Vision 2030's goals for sustainable water resource development and high-quality services.
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• PPP
• Water