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

Petroleum Development Oman (PDO), in partnership with OQ Alternative Energy and TotalEnergies, signed agreemen ..Read More

Petroleum Development Oman (PDO), in partnership with OQ Alternative Energy and TotalEnergies, signed agreements for three renewable IPP projects: North Solar (100 MWac) and two wind farms, Riyah-1 and Riyah-2 (100 MWac each). These projects, operational by 2026, align with Oman’s Vision 2040 and Net Zero goals, collectively reducing CO2 emissions by nearly 960,000 tons annually while saving significant natural gas resources.
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• Power

TAQA Water Solutions has awarded a AED95 million project to develop a centralized SCADA system across its trea ..Read More

TAQA Water Solutions has awarded a AED95 million project to develop a centralized SCADA system across its treatment infrastructure in Abu Dhabi. The system, incorporating Siemens technology, will improve operational efficiency, enhance wastewater treatment capacity by 20%, and reduce carbon emissions by up to 13%. It will integrate over 2,000 sensors across 43 treatment plants and 260 pumping stations, enabling real-time monitoring, predictive maintenance, and cost savings of over AED10 million annually. The project also includes AI-driven smart monitoring and strengthened cybersecurity measures.
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• Water

Nama Power and Water Procurement Company has inaugurated Phase 5 of the Barka Water Desalination Plant in Oman ..Read More

Nama Power and Water Procurement Company has inaugurated Phase 5 of the Barka Water Desalination Plant in Oman, with a project cost of RO 52 million. The plant, operational since June 2024, has a production capacity of 100,000 cubic meters per day and uses reverse osmosis technology. The project aligns with Oman Vision 2040 and emphasizes sustainable development, with 50% of its value attributed to small and medium enterprises (SMEs).
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• Water

QatarEnergy has partnered with Japan's Mitsui O.S.K. Lines (MOL) and China's COSCO Shipping LNG Investment to ..Read More

QatarEnergy has partnered with Japan's Mitsui O.S.K. Lines (MOL) and China's COSCO Shipping LNG Investment to own and operate six QC-Max LNG vessels, built by Hudong-Zhonghua Shipbuilding in China. This marks the final batch of QatarEnergy's 128-vessel shipbuilding program, supporting its LNG expansion and fleet replacement needs. The MOL-COSCO joint venture now has 13 long-term agreements with QatarEnergy.
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• Oil & Gas

H2O Innovation Inc. has expanded its presence in the Middle East through a partnership with Dutco Tenant LLC ( ..Read More

H2O Innovation Inc. has expanded its presence in the Middle East through a partnership with Dutco Tenant LLC (DUTCO), continuing as the exclusive supplier of RO membrane antiscalant for the Taweelah desalination plant in the UAE. The plant, the world’s largest SWRO facility, produces 909,200 cubic meters of desalinated water daily. H2O Innovation will provide its SpectaGuard 100, a green chemistry-based antiscalant, to prevent membrane scaling and fouling, ensuring efficient and sustainable operation. This marks a significant milestone in the company’s ongoing collaboration with the region.
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• Water

Combined Group Contracting (CGC) of Kuwait has submitted the lowest bid of KWD 19.2 million (USD 62.6 million) ..Read More

Combined Group Contracting (CGC) of Kuwait has submitted the lowest bid of KWD 19.2 million (USD 62.6 million) for the external works of the Jurassic production facilities project issued by Kuwait Oil Company (KOC). The project involves external works in the Umm Naqa area, including a 16-inch feeder trunk line, with a contract duration of 19 months.
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• Oil & Gas