- May 27, 2025

Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastruc ..Read More
Egis has been appointed as the Package Administration and Supervision Consultant (PASC) for Phase 1 infrastructure works at Riyadh Integrated, a key logistics hub near King Khalid International Airport, operated by SILZ Company. The scope includes roads, utilities, landscaping, and utility buildings, aligning with Saudi Vision 2030 to position the Kingdom as a global logistics leader. Egis will ensure long-term scalability and sustainable infrastructure delivery.
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- May 27, 2025

Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the ..Read More
Rua Al Madinah Holding, a PIF company, signed a masterplan design contract with DLR Group Middle East for the Dar Al Hijra project in Madinah, Saudi Arabia. Spanning nearly 1 million sqm, the mixed-use urban development will include residential units, commercial spaces, educational institutions, and healthcare facilities. The project aligns with Saudi Vision 2030 and has already seen over 50% progress on ongoing constructions covering 168,000 sqm. Rua Al Madinah was also awarded the Local Content Excellence Award for mega projects.
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- May 27, 2025

ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of ..Read More
ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of AlWadi, a 2.5 million sqm sustainable development in Aseer, Saudi Arabia. AlWadi will dedicate over 30% of its area to green spaces, feature 16 km of waterfront, 17 km of sport trails, and five distinct districts. Phase one, to be delivered in three years, includes 2,000 residential units, luxury hotels, and commercial and business spaces.
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- May 27, 2025

Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam ..Read More
Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam turbines and generators for Saudi Arabia's Ghazlan 2 and Hajar Expansion gas-fired power plants, each with a capacity of ~2,900 MW. The contracts were awarded by a joint EPC consortium of Spain's Técnicas Reunidas and Egypt's Orascom. Completion is expected by 2028, with Doosan providing four turbines (2x650 MW, 2x540 MW). The deal boosts Doosan’s presence in the Middle East power sector.
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- May 27, 2025

Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and ..Read More
Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and generators for the Ghazlan 2 and Hajar gas-fired power plant expansions in eastern Saudi Arabia, each with a capacity of approx. 2,900 MW. The deals were signed with EPC consortium partners Técnicas Reunidas (Spain) and Orascom Construction (Egypt), with phased completion expected by 2028. Doosan now holds a 33.1% global market share in ultra-large steam turbines for combined cycle plants.
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- May 26, 2025

The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, ..Read More
The Governments of Saudi Arabia and Kuwait announced a new oil discovery at the North Wafra Wara-Burgan field, located 5 km north of the Wafra field. The Wara-Burgan-1 well produced over 500 barrels per day with an API gravity of 26-27 degrees. This is the first discovery since production resumed in the Partitioned Zone in mid-2020, strengthening both countries’ roles as reliable global energy suppliers.
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- May 26, 2025

NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contrac ..Read More
NesmaKent Energy Company (NKJV), a joint venture between Nesma & Partners and Kent, signed a strategic contract with Aramco to lead phase one of the National EPC Champion Initiative, focusing on water handling facility upgrades in South Ghawar. The project supports Saudi Arabia’s MSC crude oil targets and emphasizes operational excellence, workforce development, advanced technologies, and sustainability aligned with Vision 2030. NesmaKent’s role strengthens local supply chains and the Kingdom’s energy infrastructure leadership.
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- May 25, 2025

Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Ho ..Read More
Sumou Real Estate Company has signed a SAR 680 million development agreement with Saudi Arabia’s National Housing Company to build villas as part of the Areem Makkah project within the Makkah Gate development. The project will span 231,637.22 m² in area O2 and be completed over 42 months. Strategically located near the road from Jeddah to Makkah, Makkah Gate offers a full-service residential community just 30 minutes from the Holy Mosque, featuring integrated amenities and green spaces to enhance quality of life.
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