Nesma & Partners, Samsung C&T, and Al-Ayuni Limak have signed an MoU to form a joint venture for delivering ke ..Read More

Nesma & Partners, Samsung C&T, and Al-Ayuni Limak have signed an MoU to form a joint venture for delivering key project packages of King Salman International Airport in Riyadh. The partnership combines Nesma’s construction expertise, Samsung C&T’s global infrastructure experience, and Al-Ayuni Limak’s airport industry track record. Aiming to position Riyadh as a global aviation hub under Vision 2030, the project emphasizes modern architecture, sustainability, and economic growth, integrating advanced infrastructure and eco-friendly construction practices.
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• Construction

Red Sea Global (RSG) has introduced Sustainable Aviation Fuel (SAF) to the Kingdom for the first time, with SA ..Read More

Red Sea Global (RSG) has introduced Sustainable Aviation Fuel (SAF) to the Kingdom for the first time, with SAF blended at 35% to reduce aircraft carbon emissions by up to 35%. RSI now offers SAF refueling for airlines, and RSG’s Fly Red Sea fleet will exclusively use sustainable fuels. RSG’s sustainability efforts include deploying 400MWp solar panels to cut 600,000 tCO2eq annually and increasing mangrove density by 50 million by 2030. The Red Sea welcomed its first guests in 2023, with five hotels open and full completion by 2030, including 50 resorts and 1,000+ residential properties.
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• Tourism

DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuri ..Read More

DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuring 1,600-2,000 MWac of solar PV and 1,000 MW of battery storage. The project, to be developed under an IPP model, will be commissioned in phases starting August 2027, with power sold under a long-term PPA. Interested bidders must submit an EOI by March 21, 2025. Deloitte-led consortium has been appointed as the project consultant.
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• Power
• PPP

Al Yamamah Steel Industries secured a SAR 174.9 million contract with Hyundai Engineering & Construction to su ..Read More

Al Yamamah Steel Industries secured a SAR 174.9 million contract with Hyundai Engineering & Construction to supply steel towers for a 380 kV ultra-high-voltage line in Saudi Arabia's western region, with a one-year duration. Previously, the company was awarded a $30 million contract from National Power Construction Corporation Limited.
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• Power

Nama Water Services Company, Oman, signed four agreements for strategic water sector projects, including water ..Read More

Nama Water Services Company, Oman, signed four agreements for strategic water sector projects, including water distribution networks in Ibri, Yanqul, Dhank, Samail, and Izki, and wastewater networks in Al Ansab, Muscat. The company is implementing 27 projects worth over RO 700 million, enhancing water coverage to 72.80% and benefiting 937,970 people. Key initiatives include water transmission projects linking desalination plants in Sohar, Barka, and various governorates. The Omanization initiative created 885 jobs, raising local employment in sector companies to 84%.
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• Water

Group AMANA and Al Moammar Information Systems (MIS) have signed an MoU at LEAP 2025 to accelerate Saudi Arabi ..Read More

Group AMANA and Al Moammar Information Systems (MIS) have signed an MoU at LEAP 2025 to accelerate Saudi Arabia’s digital transformation by developing high-performance, ESG-compliant data centers. This partnership combines AMANA’s expertise in scalable construction with MIS’s IT solutions to support AI, cloud computing, and enterprise digitalization. Aligning with Vision 2030, the initiative ensures energy-efficient, AI-ready infrastructure for enterprises, hyperscalers, and government entities, reinforcing Saudi Arabia’s position as a global digital powerhouse.
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• Construction

QatarEnergy signed a 20-year Sales and Purchase Agreement (SPA) with Guangzhou Guanggang Gases & Energy Co. Lt ..Read More

QatarEnergy signed a 20-year Sales and Purchase Agreement (SPA) with Guangzhou Guanggang Gases & Energy Co. Ltd (G-gas) to supply 100 million cubic feet per annum of helium to China, marking Qatar’s first direct long-term helium supply agreement with China. The helium will be sourced from Qatar’s Ras Laffan facilities, with capacity expected to double through North Field LNG expansion projects. This agreement strengthens QatarEnergy’s global partnerships and supports critical industries reliant on helium, including medical, technology, and space exploration sectors.
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• Oil & Gas

Al-Babtain Power and Telecommunication signed a SAR 622 million contract with Saudi Service for Electromechani ..Read More

Al-Babtain Power and Telecommunication signed a SAR 622 million contract with Saudi Service for Electromechanical Works (SSEM) to design, test, manufacture, and supply a 500kV Overhead Transmission Line (OHTL) for the COA-SOA Interconnection Link (Portion III) over 24 months. Previously, the company secured a $104 million steel towers supply contract with L&T.
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• Power