Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for th ..Read More

Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for the 9th round of exploration license bidding to June 16, 2025, covering 24,423 sq. km across three mineral-rich belts in Madinah and Riyadh. The licenses offer access to gold, copper, silver, zinc, and nickel, and are part of plans to open 50,000+ sq. km for exploration in 2025. Key bidding dates include: May 30 (guidelines), July 1 (auction), August 15 (bid deadline), and August 30 (winner announcement). The process will use a fully automated, transparent system via the Ta’adeen Platform.
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• Mining

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

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

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

BYD Energy Storage (China) has begun shipping the world’s largest 12.5 GWh grid-scale Battery Energy Storage ..Read More

BYD Energy Storage (China) has begun shipping the world’s largest 12.5 GWh grid-scale Battery Energy Storage System (BESS) to Saudi Arabia, with the first batch of 120 MC Cube-T cabinets departing from Guangxi on April 27, 2025. The full project includes 2,364 cabinets and supports Saudi Arabia’s green energy transition. The contract with Saudi Electricity Company (SEC) was signed in January 2025, covering design, supply, installation supervision, and maintenance.
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• Power

Schneider Electric hosted its Innovation Talks in Riyadh, announcing the $850M acquisition of Motivair (75% st ..Read More

Schneider Electric hosted its Innovation Talks in Riyadh, announcing the $850M acquisition of Motivair (75% stake), a leader in liquid cooling for AI and HPC data centers. This move supports Saudi Arabia’s Vision 2030 and its goal to increase data center capacity by 37% by 2027. Schneider also signed multiple MoUs with Dulb, Edarat, Mobily, and DataVolt to develop sustainable, AI-driven digital infrastructure. With Saudi Arabia accounting for 86% of Middle East’s data center capacity, Schneider is reinforcing its role as a key partner in the Kingdom’s digital and green transformation.
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• Power

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle E ..Read More

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle East’s first Trump-branded luxury development, rising 350m with 80 floors along Sheikh Zayed Road. The project offers exclusive residential and hospitality amenities, including private lounges, the highest outdoor pool globally, and two penthouses with sky pools inspired by Trump Tower New York. This marks their fifth collaboration, following successful projects in Saudi Arabia and Oman, reinforcing confidence in the region’s real estate and tourism growth.
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• Construction

Parsons announced contract wins in Saudi Arabia and UAE as part of its Q1 2025 results. In the UAE, it secured ..Read More

Parsons announced contract wins in Saudi Arabia and UAE as part of its Q1 2025 results. In the UAE, it secured a follow-on program and construction management contract in Dubai worth over $200 million, amid strong growth in transportation and urban development. In Saudi Arabia, it won a new five-year $49 million mixed-use urban development project. In the previous quarter, Parsons had been awarded $475 million in contracts across both countries.
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• Construction