Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorg ..Read More

Diriyah Company announced the launch of Armani Residences Diriyah, featuring 15 bespoke homes curated by Giorgio Armani, marking Armani’s debut in Saudi Arabia. Located in Diriyah Square, the residences range from 1,200 to 1,900 sq m, with luxury amenities, private pools, and exclusive access to Armani Hotel Diriyah’s facilities. Part of Diriyah’s growing branded residences portfolio, including Baccarat, Corinthia, Raffles, and Ritz-Carlton, this project aligns with Diriyah’s vision to house over 100,000 residents and enhance its luxury living offerings.
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• Construction

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion ..Read More

Dubai Electricity and Water Authority (DEWA) commissioned 13 new 132kV substations in 2024, with a conversion capacity of 1,950 MVA and 127 km of ground cables, serving areas like Al Athbah, Nadd Hessa, and Al Khawaneej 2. DEWA’s investments in 132kV transmission projects reached AED 2.1 billion, bringing the total number of 132kV substations to 360, with 37 under construction. This expansion supports Dubai’s urban growth, aligning with the Dubai Economic Agenda D33 and Dubai 2040 Urban Master Plan.
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• Power

Alandalus Property Company signed a 10-year agreement with Emerge, a Masdar-EDF Group joint venture, to instal ..Read More

Alandalus Property Company signed a 10-year agreement with Emerge, a Masdar-EDF Group joint venture, to install rooftop solar PV systems with a total capacity of 3.4 MWp at Hayat Mall in Riyadh and Alandalus Mall and Hotel in Jeddah. Emerge will finance, design, build, and maintain the systems, supporting Saudi Arabia’s Vision 2030 and Alandalus’s ESG goals. The agreement marks a significant step toward promoting renewable energy and sustainability.
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• Power

Linxon, a joint venture between AtkinsRéalis and Hitachi Energy, secured $1 billion in new orders by December ..Read More

Linxon, a joint venture between AtkinsRéalis and Hitachi Energy, secured $1 billion in new orders by December 2024, with contributions from the Americas, Asia Pacific/Middle East & Africa, and Europe. Key successes include expanding into Puerto Rico with nine Energy Storage Systems (ESS) projects and securing a major award in Abu Dhabi. Linxon continues to strengthen its presence in core European markets, with new awards expected in 2025, positioning itself for sustained growth in the power transmission sector.
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• Power

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water tr ..Read More

TAQA Water Solutions, UAE, signed an MoA with the New Tashkent City Directorate to develop a 65km raw water transmission pipeline and an advanced water treatment plant in New Tashkent City, Uzbekistan. Valued at AED 2 billion, the project will supply 500,000 m³/day of clean water sourced from the Charvak Mountain Reservoir, benefiting 2 million people and generating 20 MW of hydro-power. This marks TAQA’s second major water project in Uzbekistan, enhancing UAE-Uzbekistan ties and supporting sustainable growth.
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• Water

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construct ..Read More

Meraas, part of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construction Company LLC for the Design Quarter at d3, the first residential community in Dubai Design District. Set for completion by mid-2027, the project includes 558 apartments across three buildings—one low-rise and two skyscrapers—connected by a landscaped podium. The communal space will feature co-working areas, an indoor-outdoor gym, pools, barbecue zones, and children’s activity areas.
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• Construction

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPS ..Read More

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPSA) for Block-54 with the Ministry of Energy and Minerals of Oman. OQEP will hold a 60% interest and operate the block, while Genel Energy will hold the remaining 40%. A Joint Operating Agreement (JOA) has been formalized, and the agreements will take effect once ratified by a Royal Decree. The block is currently under exploration with geological studies, seismic surveys, and exploratory drilling.
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• Oil & Gas

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy se ..Read More

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy services to develop a cold chains integrated economic cluster at the Special Economic Zone in Duqm. Tender documents can be purchased until March 18, 2025, with bid submissions due by April 17, 2025, via the Isnad platform. The project aims to enhance cold chain infrastructure, boost Omani export competitiveness, and improve storage and distribution of perishable goods like food and pharmaceuticals, reducing waste and ensuring better quality.
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• Construction