Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Ju ..Read More

Sweid & Sweid has awarded the AED 730 million construction contract for its Sweid One office development in Jumeirah Lakes Towers (JLT) to Dutco Construction. The project will offer 500,000 square feet of premium office space, with amenities such as unique food and beverage options and extensive parking. Construction is set to complete by Q4 2026, continuing a successful partnership between the two companies.
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• Construction

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea faciliti ..Read More

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea facilities at the Abu Safah field, offshore Saudi Arabia. The project, valued between $150 million and $300 million, includes engineering, procurement, construction, and installation, with offshore operations planned for 2026. It will be managed from Subsea 7's Al Khobar office, reinforcing their long-standing partnership with Aramco.
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• Oil & Gas

Wood has secured a $17 million contract with a leading Middle Eastern petrochemical company to enhance efficie ..Read More

Wood has secured a $17 million contract with a leading Middle Eastern petrochemical company to enhance efficiency and reduce emissions at a process manufacturing plant. The contract includes the design of a heat recovery system that will capture high-temperature flue gas, generating medium-pressure steam. This solution is expected to cut around 110,000 tonnes of CO2 emissions annually, equivalent to removing 22,000 cars from the road.
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• Petrochemical

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