Soudah Development, a PIF company, has appointed AECOM to lead the architectural and engineering design for So ..Read More

Soudah Development, a PIF company, has appointed AECOM to lead the architectural and engineering design for Soudah Peaks, a luxury tourism destination in Saudi Arabia. Set to offer high-end hospitality services by 2033, the project will feature six development zones with hotels, resorts, residential units, and outdoor attractions. The masterplan emphasizes sustainability and preservation of the region’s natural and cultural heritage, with phase one slated for completion by 2027.
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• Construction

Sarooj Construction Company in Oman has been awarded two major road construction contracts by the Ministry of ..Read More

Sarooj Construction Company in Oman has been awarded two major road construction contracts by the Ministry of Transport, Communications, and Information Technology (MTCIT), valued at a total of RO 90.22 million. The first contract, worth RO 70.03 million, involves building a 120-kilometer dual carriageway linking Adam to Thumrait, enhancing regional connectivity. The second contract, valued at RO 20.19 million, focuses on road construction at Jabal Shams, aimed at improving accessibility in mountainous regions.
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• Construction

The Ministry of Health, Oman, has celebrated the groundbreaking of Al-Falah Hospital in the South Al Sharqiyah ..Read More

The Ministry of Health, Oman, has celebrated the groundbreaking of Al-Falah Hospital in the South Al Sharqiyah Governorate, with a project value of RO 51.86 million. The hospital, spanning 343,000 square meters, will feature 170 beds, 38 outpatient clinics, advanced medical departments, including radiology, nephrology, and surgery units, as well as a dedicated pediatric and obstetrics section. The facility will also include modern amenities such as a water treatment plant, backup generators, and 1,422 parking spaces.
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• Construction

Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost ..Read More

Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost Sharing Agreement to explore the development of a sustainable aviation fuel (SAF) plant in Saudi Arabia. The plant will focus on recycling local waste, such as used cooking oils and animal fats, to produce SAF, contributing to the reduction of aviation emissions. The collaboration supports Saudi Arabia's Vision 2030 sustainability goals and aims to advance the circular economy.
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• Transport

Bechtel celebrated the inauguration of the Riyadh Metro, Saudi Arabia’s first underground railway project, w ..Read More

Bechtel celebrated the inauguration of the Riyadh Metro, Saudi Arabia’s first underground railway project, which will initially serve 1.2 million daily passengers and ultimately have a capacity of 3.6 million. The project, delivered by the BACS consortium, includes the Blue and Red Lines, covering 63.1 km with 40 stations. The metro aims to increase public transport usage in Riyadh from 2% to 18% by 2030, with sustainability features such as renewable energy powering some stations.
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• Transport

Nama Power and Water Procurement (PWP), Oman, has issued the Request for Qualification (RFQ) for the Al Kamil ..Read More

Nama Power and Water Procurement (PWP), Oman, has issued the Request for Qualification (RFQ) for the Al Kamil Wal Wafi Solar IPP Project, a 280 MW solar PV initiative. This fourth solar project aligns with Oman's vision to diversify energy sources and achieve net-zero emissions by 2050, leveraging private sector partnerships for clean energy development.
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• Power
• PPP

MATARAT Holding, in partnership with the National Center for Privatization & PPP, has invited Expressions of I ..Read More

MATARAT Holding, in partnership with the National Center for Privatization & PPP, has invited Expressions of Interest for the new Taif International Airport project. Aligned with Saudi Arabia’s Vision 2030, the project aims to enhance the aviation sector, featuring a new airport with a capacity to handle 2.5 million passengers by 2030. The development includes a new runway, passenger terminal, and associated infrastructure, and will be awarded on a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
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• Construction

Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal com ..Read More

Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal combustion powertrain solutions, as part of its efforts to reduce transport emissions. This investment, valued at €7.4 billion, follows the signing of agreements with Renault Group and Geely, who each retain a 45% stake. Aramco’s involvement will accelerate the development of lower-emission mobility solutions, including alternative fuels and hydrogen technologies.
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• Oil & Gas