Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh Cit ..Read More

Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) to provide program management office (PMO) services for the Main and Ring Roads Program. The project involves approximately 500 km of new and improved road corridors in Riyadh, aiming to reduce congestion and enhance connectivity in preparation for global events like Expo 2030 and the FIFA World Cup 2034. The contract reflects Parsons' long-standing partnership with RCRC on major infrastructure projects in the city.
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• Construction

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial pro ..Read More

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial projects under the “Ladayn Polymer Park,” aimed at boosting economic diversification and industrial growth. The agreements involve partnerships with local and international companies, offering incentives like reduced raw material costs and enhanced facilities. Long-term land usufruct agreements were also signed with various firms in Sohar and Salalah Free Zones to support industrial development and export initiatives.
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• Oil & Gas

Oman's Ministry of Energy and Minerals has established the Oman Net Zero Centre to drive the country's 2050 ne ..Read More

Oman's Ministry of Energy and Minerals has established the Oman Net Zero Centre to drive the country's 2050 net-zero emissions goals. The center will oversee energy efficiency projects, provide technical support, manage carbon certification, and foster innovation. It aligns with the National Net-Zero Strategy and aims to support public and private sectors in achieving sustainability objectives.
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• Power

Oman’s Sohar Port and Freezone has broken ground on a polymer production plant with an investment of RO 115. ..Read More

Oman’s Sohar Port and Freezone has broken ground on a polymer production plant with an investment of RO 115.4 million (USD 300 million). The plant, set to begin operations by Q1 2026, will produce polyacrylamide and related monomers for industries like energy, agriculture, and wastewater management. This project supports Oman’s Vision 2040, enhances Sohar Port’s position as a global exporter, and promotes sustainable growth while attracting foreign investments from Singapore and China.
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• Petrochemical

Riyadh Cables Group has been awarded a contract by DEWA to supply, install, test, and commission 132kV cable w ..Read More

Riyadh Cables Group has been awarded a contract by DEWA to supply, install, test, and commission 132kV cable works for the Maktoumi and Sukkari substations, covering a 41km route with 246km of cables. The 27-month project aims to enhance power connectivity in Dubai's Jabal Ali Palm area, reflecting DEWA's trust in the company's expertise and commitment to sustainable energy infrastructure.
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• Power

ADNOC signed a Strategic Collaboration Agreement with MoIAT, ADDED, ADIO, and ADDCI to enhance local manufactu ..Read More

ADNOC signed a Strategic Collaboration Agreement with MoIAT, ADDED, ADIO, and ADDCI to enhance local manufacturing and integrate SMEs into its supply chain, fostering innovation and economic diversification. The initiative aligns with UAE’s Operation 300bn and aims to boost industrial growth, strengthen supply chains, and reduce reliance on imports. ADNOC also plans to drive AED 200 billion ($54.5 billion) into the UAE economy over five years through its In-Country Value program.
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• Manufacturing
• Oil & Gas

EDF Renewables Middle East and SPIC Huanghe Hydropower signed a Power Purchase Agreement with Saudi Power Proc ..Read More

EDF Renewables Middle East and SPIC Huanghe Hydropower signed a Power Purchase Agreement with Saudi Power Procurement Company to develop two solar IPP projects in Saudi Arabia: the 1,000 MW Al-Masaa IPP in Hail and the 400 MW Al-Henakiyah 2 IPP in Madinah. Together, the projects will power 240,000 homes annually, reduce CO₂ emissions by 2.7 million tons, and support Saudi Arabia’s renewable energy goals.
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• Power
• PPP

Nama Power and Water Procurement Company (PWP), Oman, has issued an Expression of Interest (EOI) for developin ..Read More

Nama Power and Water Procurement Company (PWP), Oman, has issued an Expression of Interest (EOI) for developing two Independent Power Projects (IPPs) with a combined capacity of 2,400 MW. The projects, scheduled for completion by April 2029, will include early generation of 1,700 MW by April 2028 and will follow a build, own, and operate model, funded by the private sector. EOIs are due by December 19, 2024.
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• Power
• PPP