Wood secured $920 million in contracts across the Middle East in 2024, spanning Iraq, Kuwait, Oman, Qatar, Sau ..Read More

Wood secured $920 million in contracts across the Middle East in 2024, spanning Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Projects include pre-FEED for Aramco, a flare gas reduction program cutting 10 million tonnes of CO2 annually, and hydrogen and carbon capture consulting. Wood expanded its workforce by 500 employees and launched graduate engineering programs, with plans to open a vocational training center in Iraq in 2025.
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• Oil & Gas

RINA has been selected by Hassan Allam Construction and its subsidiary Kortech to oversee systems integration ..Read More

RINA has been selected by Hassan Allam Construction and its subsidiary Kortech to oversee systems integration for the Hafeet Rail project, a 303 km railway network connecting the UAE and Oman. The project will improve transportation, reducing travel time between Abu Dhabi and Sohar to 100 minutes and transporting 15,000 tonnes of cargo per journey. RINA will ensure the integration of subsystems, including signalling and telecommunications, while Kortech will manage the efficient execution of project systems.
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• Transport

Retal Urban Development Company has signed a SAR 349 million contract with its subsidiary, Building Constructi ..Read More

Retal Urban Development Company has signed a SAR 349 million contract with its subsidiary, Building Construction Company, to construct 502 residential units in Riyadh's Al-Fursan district over 30 months. Aiming to enhance quality of life through innovative urban projects, Retal, a subsidiary of Alfozan Holding, has been a prominent developer in Saudi Arabia since 2012.
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• Construction

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Developme ..Read More

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Development Company, has signed an agreement to establish a real estate investment fund valued at over SAR 3.5 billion. The fund will develop a mixed-use project in the URBAN WADI area of the Sports Boulevard in Riyadh, covering 39,759 square meters with over 207,000 square meters of built-up space. The project is set to redefine Riyadh's skyline and will be developed over a seven-year period.
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• Construction

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavat ..Read More

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works in the second phase of the Diriyah project, covering 6.3 square kilometers. This phase will lay the foundation for major cultural assets, including the Royal Diriyah Opera House and Diriyah Arena, aligning with Saudi Vision 2030. The project will incorporate sustainability practices, including repurposing excavation materials for other uses. This contract follows several other significant awards for the Diriyah development.
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• Construction

Drydocks World and GE Vernova have secured a contract to deliver Ostwind 4, a 2 GW offshore wind grid connecti ..Read More

Drydocks World and GE Vernova have secured a contract to deliver Ostwind 4, a 2 GW offshore wind grid connection in Germany's Baltic Sea, powering nearly 2 million households. The project includes HVDC technology, offshore and onshore converter stations, and a 110-km DC cable system, marking Germany's first deployment of 525 kV HVDC in the Baltic. This initiative supports European energy security and the global clean energy transition.
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• Power

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resor ..Read More

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resort in Al-Ahsa under the "Tuaja Luxury Resorts" brand. The 1.8 million square meter resort will offer three distinct experiences: luxury, eco-friendly, and adventure resorts, featuring 201 accommodations and a range of facilities. The project focuses on sustainability, community empowerment, and environmental conservation, aligning with Saudi Vision 2030 and enhancing Al-Ahsa’s tourism appeal.
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• Construction

XRG and bp have finalized the formation of Arcius Energy, a joint venture focused on international natural gas ..Read More

XRG and bp have finalized the formation of Arcius Energy, a joint venture focused on international natural gas operations, with bp holding 51% and XRG 49%. Initially operating in Egypt, the JV combines their technical expertise and aims to build a competitive gas portfolio while supporting a lower-carbon energy transition. Naser Saif Al Yafei was appointed CEO, and Katerina Papalexandri CFO, bringing extensive experience from ADNOC and bp.
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• Oil & Gas