TrinaTracker, a subsidiary of Trinasolar, is establishing a 3GW solar tracker manufacturing facility in Jeddah ..Read More

TrinaTracker, a subsidiary of Trinasolar, is establishing a 3GW solar tracker manufacturing facility in Jeddah’s 3rd Industrial City, set to begin operations in Q1 2025. The factory, part of a land-lease agreement with MODON, supports Saudi Vision 2030 by boosting local renewable energy capabilities, creating jobs, and enhancing energy sustainability. The zero-emission facility will produce Vanguard solar trackers optimized for the region’s climate and improve delivery efficiency and service for MEA clients. This initiative strengthens TrinaTracker’s global footprint while advancing the region’s clean energy transition.
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• Manufacturing

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

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electri ..Read More

Hyundai Engineering & Construction (E&C), South Korea has secured $389 million in contracts from Saudi Electricity Company (SEC) to build 380kV transmission lines in Madinah and Jeddah by November 2027. The 491 km lines will transmit solar power to substations in western Saudi Arabia. This follows a $725 million contract awarded in November 2024, reinforcing Hyundai E&C’s presence in the region.
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• Power

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & T ..Read More

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & Toubro Saudi Arabia (L&T) to supply steel towers for the 500kV HVDC Overhead Transmission Line (COA-SOA Interconnection Link, Portion II) over 24 months. This follows a $207.2 million steel towers supply contract with Hyundai E&C, reinforcing its role in Saudi Arabia’s power infrastructure projects.
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• Power

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to ..Read More

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to collaborate on geothermal energy technologies, including power generation, HVAC applications, and Compressed Air Energy Storage. The agreement, signed by Omar Aldaweesh (EDF) and Meshary Al-Ayed (TAQA Geothermal), aligns with Saudi Vision 2030 and EDF’s Ambitions 2035 to advance sustainable energy solutions. The partnership aims to develop geothermal cooling systems and enhance Saudi Arabia’s renewable energy leadership.
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• Power

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in ..Read More

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in Wa’ad Al Shamal Mining City, including Ma’aden’s Phosphate 3 project with SAR28 billion investment to boost Saudi’s phosphate production to 9 million tons annually. Several industrial, logistical, and service projects by MODON, valued at over SAR550 million, were also launched, enhancing infrastructure, energy, and logistics across 4.3 million sqm. Additionally, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex, adding 96 new residential units.
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• Mining

ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 hom ..Read More

ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 homes, including townhouses, duplexes, and villas, located 20 minutes from Al-Masjid Al-Haram. ALMANAR features over 18% green spaces, walking and cycling paths, and amenities such as schools, mosques, and retail centers. Inspired by the region’s architectural heritage, the homes incorporate energy-efficient technologies to promote sustainability. The launch aligns with Vision 2030’s goals of enhancing homeownership and quality of life.
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• Tourism

National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Cont ..Read More

National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Contracting Company for the construction skeleton of Phase 1 of the new Care Medical Hospital (AlNarjis) in Riyadh. The hospital will have a 200-bed capacity, and the contract duration is 12 months.
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• Construction