Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Ar ..Read More

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Arabia) to serve as the delivery partner for three major terminals at the upcoming King Salman International Airport (KSIA) in Riyadh. The airport, expected to be the world’s largest, will feature six parallel runways and handle 185 million passengers and 3.5 million tons of cargo annually by 2050. The project includes a commercial terminal, Terminal 6 for low-cost carriers, and a private aviation terminal, all targeting LEED Platinum certification, and aligns with Saudi Vision 2030.
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• Construction

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
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• Construction

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in ..Read More

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in Riyadh, expanding its total partnerships with American firms to over USD 6 billion. The agreements cover collaborations with GE Vernova (gas turbines and grid systems), Baker Hughes (green hydrogen), KBR (ammonia and engineering services), and Energy Recovery (desalination efficiency). These partnerships support Saudi Arabia’s Vision 2030 and net-zero 2060 goals.
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• Power

Saudi Arabia’s National Water Company (NWC) launched 15 wastewater development projects worth over SAR 2.3 b ..Read More

Saudi Arabia’s National Water Company (NWC) launched 15 wastewater development projects worth over SAR 2.3 billion to serve 1.3 million beneficiaries in Jeddah. Key initiatives include the SAR 774M Eastern Tunnel Project (14 km) and SAR 915M airport sewage lifting station (capacity: 611,000 m³/day), both enhancing environmental services in eastern Jeddah. Additional efforts involve sewerage expansion in Samer districts and feeder line projects across Al Waha, Al Shati, Al Zahraa, and others, plus two surface water lowering projects costing SAR 620M and covering 238 km for 184,000 people. These projects support Saudi Vision 2030 goals for improved service quality and operational efficiency.
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• Water

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge ..Read More

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge AI semiconductor solutions crucial for NEOM’s AI-native digital infrastructure. The partnership aims to accelerate the deployment of next-gen computing technologies, enabling local video data processing and reducing reliance on centralized systems. This aligns with NIF’s broader mission to scale frontier technologies and build a cognitive, AI-driven economy.
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• NEOM

WSP has partnered with Abdullah Alrajhi Holding to manage the design competition and project management for th ..Read More

WSP has partnered with Abdullah Alrajhi Holding to manage the design competition and project management for the pre-construction phase of The Tower, a landmark mixed-use development in Riyadh featuring residential, retail, office, hospitality, and recreation spaces. Located at the intersection of King Fahad and King Salman roads, the project supports Saudi Arabia’s Vision 2030 by fostering knowledge transfer and local talent development. Senior WSP leaders emphasized their commitment to delivering world-class expertise and sustainable community-focused spaces.
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• Construction

SEPCO 3, the main EPC contractor for the Taiba 1 Power Plant in Saudi Arabia, has successfully completed the f ..Read More

SEPCO 3, the main EPC contractor for the Taiba 1 Power Plant in Saudi Arabia, has successfully completed the first major milestone by installing and positioning the first 7HA.03 gas turbine—the first such installation in the region. The turbine is part of a June 2024 contract with GE Vernova to supply six 7HA.03 and two 7E.03 turbines, along with a 21-year service agreement for Taiba 1 and Qassim 1 power plants. The milestone followed meticulous planning, equipment checks, and coordinated execution.
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• Power

ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on e ..Read More

ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on extracting value from waste and reducing the environmental footprint of desalination. The partnership will leverage advanced membrane and crystallization technologies, pilot installations, and shared expertise to recover valuable resources from seawater brine. This initiative supports NEOM’s sustainability goals and has potential for scalability in other water-scarce regions.
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• NEOM