Port of NEOM has received Saudi Arabia’s first fully automated, remote-controlled STS and electric RTG crane ..Read More

Port of NEOM has received Saudi Arabia’s first fully automated, remote-controlled STS and electric RTG cranes, advancing its vision to become a smart, sustainable global trade hub. Located on the Red Sea, the port is on track to open Terminal 1 in 2026, with key milestones like a 900m quay wall and 18.5m channel depth already completed. The port also launched a two-year training program for Saudi talent, including women, to operate high-tech equipment—supporting Vision 2030 goals.
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• NEOM

KEC International Ltd. has secured a major 380kV Overhead Transmission Line (OHTL) contract in Saudi Arabia, i ..Read More

KEC International Ltd. has secured a major 380kV Overhead Transmission Line (OHTL) contract in Saudi Arabia, including design, supply, installation, testing, and commissioning. The company also won tower, hardware, and pole supply orders in the Americas and a terminal station contract in Africa, along with ongoing pipeline work. Its subsidiary SAE Towers bagged a significant order in Mexico, bringing KEC’s YTD order intake to ₹4,200 crores—a ~40% increase over last year.
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• Power

NEOM Green Hydrogen Company (NGHC) has achieved 80% construction completion on the world’s largest green hyd ..Read More

NEOM Green Hydrogen Company (NGHC) has achieved 80% construction completion on the world’s largest green hydrogen project in Oxagon, NEOM, as of early Q1 2025. The facility, a JV between ACWA Power, Air Products, and NEOM, will produce up to 600 tonnes/day of carbon-free hydrogen as green ammonia, reducing global CO₂ emissions by 5 million tonnes annually. Powered by 4 GW of solar and wind energy (completion by mid-2026), the plant aims for first product availability in 2027 and secured $8.4B in financing.
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• Hydrogen
• NEOM
• Power

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on ..Read More

Aljomaih Energy and Water Company (Saudi Arabia) and France’s TotalEnergies have achieved financial close on the 300 MW Rabigh 2 Solar IPP project, valued at SAR 825 million (USD 220 million). A 25-year Power Purchase Agreement was signed with SPPC in Dec 2024 as part of Saudi Arabia’s Round 5 National Renewable Energy Program. The plant, set to connect to the grid by 2026, supports the Kingdom’s Vision 2030 goal of a 50-50 gas-renewables energy mix.
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• Finance
• Power

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to expl ..Read More

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to explore up to 12.5GW of power generation by 2040 with an initial investment of USD 10 billion. Partnerships with MIDA, TNB, Terengganu Inc., and UEM Lestra aim to jointly develop projects in renewable energy, green hydrogen, FPV, CCGT, and water desalination, supporting Malaysia’s NETR and Saudi Vision 2030. The initiative aligns with Malaysia's goal to reach 70% renewable energy by 2050.
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• Power

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract fro ..Read More

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract from Trading & Development Partnership Company to supply steel towers for a 380 kV ultra-high-voltage line in Saudi Arabia’s western region. The contract duration is one year. Previously, the company announced USD 82.4 million worth of contracts awarded by L&T.
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• Power

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALD ..Read More

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALDANAH, its first fully integrated residential community in Dhahran. Spanning 1.7 million sqm, the project will feature over 2,000 residential units, nine floor plans, and extensive amenities including green spaces, mosques, schools, and retail areas. Located near major landmarks, ALDANAH aligns with Vision 2030 goals to boost homeownership and quality of life in the Eastern Region.
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• Construction

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for ..Read More

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for Saudi Arabia’s 3 GW Qurayyah IPP Expansion Project, awarded by EPC JV Técnicas Reunidas (Spain) and Orascom Construction (Egypt). The project supports Saudi Arabia’s goal to derive 50% of its electricity from gas by 2030 and includes future carbon capture readiness. A PPA was signed in Feb 2025 by Hajr Two Electricity Co. with SPPC, aligning with Saudi Vision 2030 and net-zero targets for 2060.
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• Power