Aramco signed 145 agreements and MoUs worth $9 billion at the iktva Forum & Exhibition 2025, focusing on local ..Read More

Aramco signed 145 agreements and MoUs worth $9 billion at the iktva Forum & Exhibition 2025, focusing on localizing goods and services in Saudi Arabia. Key highlights include the launch of ASMO, a joint venture with DHL, and the inauguration of the Novel Non-Metallic Solutions facility and NMDC Offshore fabrication yard. The iktva program, launched in 2015, has driven the establishment of 350 local manufacturing facilities and aims to achieve a 70% localization score while boosting exports and job creation.
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• Oil & Gas

SAMSUNG E&A has signed a Memorandum of Understanding (MoU) with Aramco to establish a manufacturing hub in Sau ..Read More

SAMSUNG E&A has signed a Memorandum of Understanding (MoU) with Aramco to establish a manufacturing hub in Saudi Arabia, aiming to expand automation technologies and boost production capacity. The MoU was signed at the iktva Forum & Exhibition 2025, where SAMSUNG E&A also showcased its advanced digital solutions and highlighted its commitment to innovation with strategies like Integrate AHEAD and AWP for enhanced EPC execution.
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• Manufacturing

Siemens Energy has expanded its plant in Dammam, Saudi Arabia, increasing its area by 35% to 20,000 square met ..Read More

Siemens Energy has expanded its plant in Dammam, Saudi Arabia, increasing its area by 35% to 20,000 square meters. The expansion will support the localization of energy sector industries, including gas-insulated switchgear (GIS) and HL-Class gas turbines. Notably, the 9000HL-Class turbines will be used in the Taiba-2 and Qassim-2 CCGT projects, marking the first time these turbines will be assembled outside of Siemens' Berlin factory. This follows a $1.5 billion contract awarded in June 2024 for these projects.
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• Manufacturing

HEISCO's Saudi Arabian branch has received a letter of award from Enppi for a SAR 275.5 million contract. The ..Read More

HEISCO's Saudi Arabian branch has received a letter of award from Enppi for a SAR 275.5 million contract. The project involves executing the main civil and mechanical works for debottlenecking production facilities in Abqaiq, with a duration of 865 days.
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• Oil & Gas

Diriyah Company has opened two major substations, a 1707 MVA Bulk Substation and a 200 MVA Primary Substation, ..Read More

Diriyah Company has opened two major substations, a 1707 MVA Bulk Substation and a 200 MVA Primary Substation, to support the infrastructure development of Diriyah and Wadi Safar in Saudi Arabia. These substations, designed with Najdi architectural elements, will power key developments in Diriyah, including cultural, residential, and hospitality assets. The projects are a significant milestone in Diriyah’s growth as a world-class destination, combining advanced infrastructure with the preservation of cultural heritage.
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• Power

The National Water Company (NWC) of Saudi Arabia has launched water supply projects in Makkah valued at over 1 ..Read More

The National Water Company (NWC) of Saudi Arabia has launched water supply projects in Makkah valued at over 1.6 billion SAR. These initiatives will replace main water transmission lines along the third ring road, covering 29 kilometers and serving 16 districts. The projects are expected to benefit around 3 million people annually, ensuring efficient water supply for Makkah, especially during peak seasons like Ramadan and Hajj. The upgrades are part of NWC’s broader strategy to enhance infrastructure and meet growing demand due to increasing visitors and pilgrims.
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• Water

Retal Urban Development Company, Saudi Arabia, signed a SAR 374 million contract with its subsidiary, Building ..Read More

Retal Urban Development Company, Saudi Arabia, signed a SAR 374 million contract with its subsidiary, Building Construction Company, to construct 285 residential units in Murcia zone, Khozam suburb, Riyadh. The project will span 30 months from the contract's effective date.
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• Construction

Diriyah Company awarded a $113.6 million (SAR 426.3 million) architecture and design contract to Omrania, part ..Read More

Diriyah Company awarded a $113.6 million (SAR 426.3 million) architecture and design contract to Omrania, part of the Egis group, for designing buildings in three community areas within Diriyah’s Boulevard District. Omrania will deliver concept to construction supervision, contributing to the $63.2 billion Diriyah project. This aligns with Diriyah’s broader development strategy, including other significant contracts for cultural and luxury projects.
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• Construction