AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI s ..Read More

AIQ, a Presight company, has secured a $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream operations. The three-year agreement aims to enhance optimization and efficiency, using ENERGYai's advanced AI, which combines large language models with agentic AI tailored for specific workflows. This solution will significantly reduce process times, minimize costs, and cut emissions by streamlining tasks such as seismic analysis, geological modeling, and real-time monitoring.
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• Oil & Gas

TK Elevator (TKE) has secured a new 10-year contract with Dubai Airports to service and maintain Dubai Interna ..Read More

TK Elevator (TKE) has secured a new 10-year contract with Dubai Airports to service and maintain Dubai International Airport’s (DXB) Passenger Boarding Bridges (PBBs) and aircraft stand equipment across all four concourses, including Concourse A and D. The agreement covers 24/7 maintenance of 152 PBBs, pre-conditioned air, and ground power units, ensuring operational efficiency and sustainability at the world’s busiest international airport, which served 92.3 million passengers in 2024. TKE’s expertise in lifecycle management and infrastructure reliability aligns with Dubai Airports' goal of enhancing passenger experience and setting global benchmarks in operational excellence.
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• Transport

DP World and Saudi Ports Authority (Mawani) have inaugurated the upgraded South Container Terminal at Jeddah I ..Read More

DP World and Saudi Ports Authority (Mawani) have inaugurated the upgraded South Container Terminal at Jeddah Islamic Port, a key part of DP World’s SAR 3 billion ($800 million) expansion. The terminal’s capacity has more than doubled from 1.8 million TEUs to 4 million TEUs, with plans to scale up to 5 million TEUs. Equipped with automation, AI-powered tracking, and an expanded reefer capacity (from 1,200 to 2,340), the terminal enhances efficiency and trade connectivity under Saudi Vision 2030. Adjacent to it, the 415,000 sqm Jeddah Logistics Park, set for completion by Q2 2026, will further boost trade across Asia, Africa, and Europe.
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• Transport

Arada awarded a AED 604 million contract to Modern Building Contracting Company (MBCC) for Phase 1 of Arada Ce ..Read More

Arada awarded a AED 604 million contract to Modern Building Contracting Company (MBCC) for Phase 1 of Arada Central Business District (CBD) within the AED 35 billion Aljada megaproject in Sharjah. Scheduled for completion in Q1 2027, the phase includes eight smart blocks, 812,000 sq. ft. of Grade A office space, 1,666 parking spaces, and 26,500 sq. ft. of retail space, featuring Arada’s headquarters. The district will incorporate a green spine park, LEED, WiredScore, and SmartScore-certified buildings, and next-gen smart city solutions. Aljada spans 24M sq. ft., with 30% of its 25,000 homes completed.
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• Construction

Khimji Ramdas LLC and JV partner Archimedes Marine Engineering & Contracting LLC signed a OMR 28 million agree ..Read More

Khimji Ramdas LLC and JV partner Archimedes Marine Engineering & Contracting LLC signed a OMR 28 million agreement with Oman's Ministry of Agricultural, Fisheries Wealth, and Water Resources to develop a Multipurpose Fishery Port in Masirah, South Al Sharqiyah. The project includes a 4,172m breakwater, port basin deepening (5.0–7.0m), 1,100m skiff beach, and 13 floating pontoons for skiff boat and yacht berthing. The agreement was signed in the presence of government officials and company executives.
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• Construction

Petro Rabigh and Rossari International Limited have signed an MoU under the Ministry of Energy’s patronage t ..Read More

Petro Rabigh and Rossari International Limited have signed an MoU under the Ministry of Energy’s patronage to explore Propoxylates and Ethoxylates manufacturing in Rabigh. The collaboration aims to strengthen Saudi Arabia’s specialty chemicals industry by supporting local production, reducing import dependency, and driving innovation in sectors like construction and personal care. Aligned with Vision 2030, the initiative will enhance industrial self-sufficiency and contribute to the Kingdom’s economic growth.
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• Petrochemical

MAIRE’s NEXTCHEM, through its subsidiary NextChem Tech, has secured a three-year contract from SATORP (a Sau ..Read More

MAIRE’s NEXTCHEM, through its subsidiary NextChem Tech, has secured a three-year contract from SATORP (a Saudi Aramco-TotalEnergies JV) to provide engineering and technology services for the Sulphur Recovery Complex at SATORP’s Jubail refinery. The scope includes process advisory, operational troubleshooting, energy efficiency improvements, and carbon footprint reduction for the Sulfur Recovery Unit, Amine Regeneration Unit, and Sour Water Stripper. This contract strengthens NEXTCHEM’s role as a leader in sustainable technology and enhances its collaboration with SATORP, following TECNIMONT’s Amiral project award in June 2023.
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• Petrochemical

Saudi Water Partnership Company (SWPC) signed agreements for the Jubail-Buraydah Independent Water Transmissio ..Read More

Saudi Water Partnership Company (SWPC) signed agreements for the Jubail-Buraydah Independent Water Transmission Pipeline (IWTP) project with a consortium of Aljomaih Energy & Water, Nesma Co. Ltd., and Buhur for Investment. The SAR 8.5 billion project will have a 650,000 m³/day capacity, spanning 587 km, with strategic storage tanks in Al-Shamasiyah (6) and Al-Jubail (3). Awarded under a BOOT model after competition from 32 companies, it will commence operations in Q2 2029 with a 35-year concession. The project aligns with Vision 2030, ensuring efficient water supply with lower energy costs and increased Saudization.
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• PPP
• Water