NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon ..Read More

NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon, aligning with Saudi Arabia’s vision for a data-driven economy. The renewable-powered facility will use advanced cooling and energy-efficient architectures, aiming for net-zero operations by 2028. Oxagon’s strategic Red Sea location, fiber connectivity, and green energy access make it ideal for this large-scale project.
Read Less

• NEOM

Wood has confirmed ADNOC Refining’s capability to produce Lower Carbon Aviation Fuel (LCAF), aligning with I ..Read More

Wood has confirmed ADNOC Refining’s capability to produce Lower Carbon Aviation Fuel (LCAF), aligning with ICAO’s CORSIA certification once formalized. Wood’s carbon advisory team validated Ruwais Refinery’s potential by analyzing 25,000+ data points, meeting international certification standards. LCAF can cut aviation emissions by 10%, supporting sustainable air travel growth. This validation highlights Wood’s $920 million contracts in the Middle East and coincides with the Sustainable Aviation Futures MENA Congress.
Read Less

• Oil & Gas

Saudi Steel Pipe Company’s subsidiary, Global Pipe Company, secured a SAR 910 million contract from Saudi Ar ..Read More

Saudi Steel Pipe Company’s subsidiary, Global Pipe Company, secured a SAR 910 million contract from Saudi Aramco to supply LSAW pipes for its Accelerated Carbon Capture and Storage hub in Jubail. The contract duration is 15 months. SSP, a leading MENA manufacturer of ERW steel pipes, serves oil, gas, industrial, and construction segments, offering OCTG, Line Pipe, API, and related services.
Read Less

• Oil & Gas

Saudi Entertainment Ventures (SEVEN), part of Qiddiya Investment Company (PIF), has partnered with TAWAL to de ..Read More

Saudi Entertainment Ventures (SEVEN), part of Qiddiya Investment Company (PIF), has partnered with TAWAL to develop advanced digital infrastructure across SEVEN’s 21 entertainment destinations in 14 Saudi cities, with investments exceeding SAR 50 billion. Announced at the LEAP Conference, the partnership will establish neutral telecom infrastructure, enhancing 4G/5G networks, IoT, and digital services for seamless visitor experiences. TAWAL, with over 21,000 telecom towers globally, will design, manage, and maintain the infrastructure to meet the highest industry standards.
Read Less

• Tourism

VA TECH WABAG secured a $371 million EPC contract from Al Haer Environmental Services for a 200 MLD Independen ..Read More

VA TECH WABAG secured a $371 million EPC contract from Al Haer Environmental Services for a 200 MLD Independent Sewage Treatment Plant (ISTP) in Saudi Arabia, part of Vision 2030. The project is developed by a Miahona-led consortium for Saudi Water Partnership Company (SWPC), with WABAG as the technology partner and MGC handling pipelines and reservoirs. WABAG also won a 20 MLD Industrial Wastewater Treatment Plant (IWWTP) at Ras Tanura Refinery, reinforcing its strong presence in the Middle East.
Read Less

• Water

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 c ..Read More

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 companies (46 local, 44 international) that submitted Expressions of Interest for the Taif International Airport project. The new airport, located 21 km southeast of the existing facility, will handle 2.5 million passengers by 2030. The project, aligned with Saudi Vision 2030 to boost the aviation sector, will follow a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
Read Less

• Construction
• Transport

Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion inves ..Read More

Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion investment to produce “Saudi Made” laptops, desktops, and servers at a 200,000 sqm site in the Special Integrated Logistics Zone (SILZ), starting production in 2026. This initiative aligns with Saudi Arabia’s Vision 2030, creating up to 15,000 direct and 45,000 indirect jobs, contributing $10 billion to non-oil GDP by 2030. Lenovo will also establish a regional headquarters in Riyadh and expand its R&D and marketing presence across the MEA region, enhancing supply chain resilience and supporting regional growth.
Read Less

• Manufacturing

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, ..Read More

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, a RO 72 million initiative to enhance electricity transmission and sustainability. The project includes a 132/33 kV Masirah Grid Station, a 25 km subsea cable, 9 km underground cable, and 60 km overhead lines linking Masirah to Mahout. It will reduce carbon emissions by 80,000 tons annually by replacing diesel-based generation, ensuring efficient, cost-effective, and sustainable power. The project supports Oman’s Net-Zero 2050 goal, strengthens infrastructure, and boosts future investments.
Read Less

• Power