Parsons announced contract wins in Saudi Arabia and UAE as part of its Q1 2025 results. In the UAE, it secured ..Read More

Parsons announced contract wins in Saudi Arabia and UAE as part of its Q1 2025 results. In the UAE, it secured a follow-on program and construction management contract in Dubai worth over $200 million, amid strong growth in transportation and urban development. In Saudi Arabia, it won a new five-year $49 million mixed-use urban development project. In the previous quarter, Parsons had been awarded $475 million in contracts across both countries.
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• Construction

Diriyah Company, Saudi Arabia has awarded a $1.13 billion (SAR 4.225 billion) contract to a JV of China Railwa ..Read More

Diriyah Company, Saudi Arabia has awarded a $1.13 billion (SAR 4.225 billion) contract to a JV of China Railway Construction Corporation Limited Saudi Branch and CRCGCPC for relocating King Saud University's utilities and admin offices within the Diriyah masterplan. The scope includes utility relocation, district cooling, sewage and water facilities, and multiple buildings. The project adds to Diriyah’s total awarded contracts, now exceeding $2.9 billion in 2025, and aligns with the broader urban development backed by Saudi Arabia’s Public Investment Fund.
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• Construction

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

Nesma Infrastructure and Technology (NIT) has signed a SAR 90 million contract with the Saudi Electricity Comp ..Read More

Nesma Infrastructure and Technology (NIT) has signed a SAR 90 million contract with the Saudi Electricity Company (SEC) for a high-voltage transmission project in Makkah. The project involves interconnecting the Nawaryah substation with Makkah North BSP (underground), and retiring three 110 KV substations. The scope includes EPC, testing, commissioning, and energization, with completion targeted in 18 months on a lump sum turnkey basis.
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• Power

Doosan Enerbility has signed a $100 million contract with Saudi Arabia’s Marafiq to convert the Yanbu 2 powe ..Read More

Doosan Enerbility has signed a $100 million contract with Saudi Arabia’s Marafiq to convert the Yanbu 2 power plant from oil to gas, targeting completion by 2028. The upgrade will maintain the plant’s 1,375 MW capacity while cutting carbon emissions by ~25%. Doosan will supply combustion and control systems, and manage commissioning. This aligns with Saudi plans to award 1.4 GW of fuel conversion projects annually until 2027, with Doosan also active in Chile and Vietnam.
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• Power

Safeer, a joint venture between TotalEnergies and Zahid Group, signed a Power Purchase Agreement with Golden C ..Read More

Safeer, a joint venture between TotalEnergies and Zahid Group, signed a Power Purchase Agreement with Golden Chicken to install a 5.18 MWp (4.13 MWac) solar power plant at their site in Saudi Arabia. The facility will generate over 13 GWh of renewable electricity annually, reducing CO₂ emissions by 6,710 tons per year. The project features 8,160 PV modules with a solar tracking system to maximize efficiency, supporting Saudi Arabia’s renewable energy and sustainability goals.
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• Power
• PPP

Safeer, a joint venture between TotalEnergies and Zahid Group, signed a PPA with Golden Chicken for a 5.18 MWp ..Read More

Safeer, a joint venture between TotalEnergies and Zahid Group, signed a PPA with Golden Chicken for a 5.18 MWp (4.13 MWac) solar power plant in Saudi Arabia. The plant will generate over 13 GWh of clean energy annually and cut 6,710 tons of CO₂ emissions, supporting Golden Chicken’s sustainability goals. Featuring 8,160 PV modules with solar tracking systems, the project aligns with Saudi Arabia’s renewable energy and carbon reduction targets.
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• Power

SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement wi ..Read More

SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement with Aramco for drilling fluid chemicals in Saudi Arabia, a joint electric completions campaign with ADNOC in the UAE, and a natural gas discovery in Egypt with ExxonMobil. In Kuwait, SLB is supporting KOC’s Integrated Digital Field project and deploying Hi-Ex™ cement technology to boost production in the Burgan Field. Additionally, SLB is partnering with Shell for Petrel™ software deployment and Dragon Oil for AI-driven optimization.
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• Oil & Gas