National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million ..Read More

National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million in Kuwait and Oman, expanding its Drilling & Evaluation (D&E) segment across the MENA region. These new awards mark NESR’s entry into Slickline services in both countries, building on existing strengths in Saudi Arabia and Egypt. The move supports NESR’s “portfolio pull through” strategy and reinforces its position among the top three regional providers of evaluation services.
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• Oil & Gas

ADES Holding Company has secured contract renewals and extensions worth USD 470 million for offshore jackup ri ..Read More

ADES Holding Company has secured contract renewals and extensions worth USD 470 million for offshore jackup rigs in Saudi Arabia and Egypt. In Saudi Arabia, a suspended rig has been renewed for a 10-year term, enhancing long-term revenue visibility. In Egypt, three rigs—Admarine III, V, and VI—operating with General Petroleum Company have received extensions: Admarine V for 3 years (plus 1-year optional), and Admarine III and VI for 1 year each with optional 1-year extensions starting in 2025–2026.
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• Oil & Gas

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sq ..Read More

Modon Holding P.S.C (UAE) and Elsewedy Industrial Development (Egypt) signed an LOI to develop a 10 million sqm industrial zone for the Ras El Hekma megaproject in Egypt. The zone will focus on attracting manufacturers of sustainable building materials, strengthening supply chains, and driving industrial growth. Anchor partners include Elsewedy Electric, 3S Ready Mix Concrete, RAK Ceramics, and Hitech Concrete. Projected to generate 20,000+ jobs and boost Egypt’s GDP, the zone will enhance Egypt’s trade position and Ras El Hekma’s vision as a globally competitive hub.
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• Construction
• Manufacturing

Scatec ASA, Norway, has signed a 25-year USD-denominated PPA with Egypt Aluminium for a 1.1 GW Solar PV + 100 ..Read More

Scatec ASA, Norway, has signed a 25-year USD-denominated PPA with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200 MWh BESS project in Egypt, backed by a sovereign guarantee. The USD 650 million project aims to help Egypt Aluminium decarbonize and meet EU’s CBAM requirements by 2026. Scatec plans to finalize land allocation, grid connection, and financing within 12 months, retaining 100% ownership initially but seeking additional equity partners. Scatec will also serve as the EPC provider, asset manager, and O&M service provider.
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• Power

ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in H ..Read More

ACWA Power signed an SAR 8.6 billion PPA with EETC to develop, own, and operate a 2.0 GW wind power plant in Hurghada, Egypt, under a 25-year contract. The project includes financing, construction, and operation. Earlier, in January 2025, ACWA Power and HAU Energy achieved financial close for the 1.1 GW Suez Wind Farm in Egypt.
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• Power
• PPP

AMEA Power has signed a Power Purchase Agreement (PPA) and Land Agreement for a new 500MW wind project in Egyp ..Read More

AMEA Power has signed a Power Purchase Agreement (PPA) and Land Agreement for a new 500MW wind project in Egypt, expanding its renewable energy portfolio to 2,500MW. The signing took place during the inauguration of its 500MW Abydos Solar PV Plant, with Egyptian government officials and AMEA Power executives in attendance. The project includes 2,400MWh of battery energy storage, reinforcing Egypt’s commitment to clean energy development.
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• Power

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt ..Read More

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt, the largest single-contracted wind farm in the Middle East. The project, valued at $1.2 billion, will contribute to Egypt's renewable energy goals, reducing CO2 emissions by 1.1 million tonnes annually. It secured a $703.6 million debt facility from a consortium of banks and is expected to begin operations by Q2 2027.
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• Finance

PowerChina has signed the EPC contract for the 1,100 MW Suez Gulf wind power project in Egypt, developed by a ..Read More

PowerChina has signed the EPC contract for the 1,100 MW Suez Gulf wind power project in Egypt, developed by a consortium of Acwa Power and Hassan Allam Holding under an IPP model. The project, located in Suez Gulf near Ras Gharib, will generate over 4.3 billion kWh annually, powering more than 1 million households and reducing carbon dioxide emissions by 2.2 million tons each year. This marks PowerChina’s largest overseas project and the second-largest onshore wind power project in Africa.
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• Power
• PPP