NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Sa ..Read More

NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Saudi Arabia. The LTA covers engineering, procurement, fabrication, installation, and pre-commissioning of offshore facilities in Saudi territorial waters. This extension follows NMDC Energy’s 2016 LTA and the inauguration of an advanced fabrication yard in Ras Al Khair, Saudi Arabia, in early 2025.
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• Oil & Gas

Saudi Electricity Company (SEC) has awarded a SAR 897 million (USD 239 million) contract to Al Gihaz Contracti ..Read More

Saudi Electricity Company (SEC) has awarded a SAR 897 million (USD 239 million) contract to Al Gihaz Contracting Company for the construction of the Northern 380kV BSP in Al Ula, Western Province. The project includes a 380/132kV indoor Gas Insulated Substation with key components like 502MVA transformers, GIS systems, reactors, automation, telecom, cybersecurity, and civil/electro-mechanical works. It supports Saudi Arabia’s ongoing power transmission infrastructure expansion.
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• Power

Shanghai Electric has signed two major cooperation agreements in the Middle East, marking a significant step i ..Read More

Shanghai Electric has signed two major cooperation agreements in the Middle East, marking a significant step in advancing the region’s energy transformation. The agreements include a 2-gigawatt photovoltaic project with Masdar in Saudi Arabia, which is Shanghai Electric’s largest solar EPC project globally, and a wind power collaboration with Oman’s Mawarid Group. The projects align with Saudi Arabia’s Vision 2030 and Oman’s Vision 2040, promoting localized manufacturing and technology exports while contributing to sustainable energy growth.
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• Power

Assystem Radicon has signed a contract with Shanghai Electric Group to provide Design and Detail Engineering S ..Read More

Assystem Radicon has signed a contract with Shanghai Electric Group to provide Design and Detail Engineering Services for the Sadawi Round 5 Solar PV Independent Power Plant (IPP). The scope includes engineering for two substations, overhead transmission lines, and modifications to the BSP substation. The 2,000 MW Al Sadawi Solar Project, part of Saudi Arabia's National Renewable Energy Program (NREP), is set to begin commercial operation in Q2 2027. Shanghai Electric had earlier signed a cooperation agreement for the 2GW project with MASDAR in April 2025.
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• Power

Saudi Electricity Company (SEC) has received bidders' proposals for Battery Energy Storage Systems (BESS) with ..Read More

Saudi Electricity Company (SEC) has received bidders' proposals for Battery Energy Storage Systems (BESS) with a combined capacity of 1,000 MW in Tabuk and Hail regions of Saudi Arabia. Xiamen Hithium Energy Storage submitted the lowest prices for supply and maintenance, while Alfanar Projects offered the lowest bids for construction. The BESS will provide load shifting, black start, frequency regulation, and voltage support. The awarding of these projects is pending successful evaluation. SEC previously awarded contracts for 2,500 MW BESS in January 2025.
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• Power

First Avenue for Real Estate Development, Saudi Arabia, has signed a turnkey contract worth SAR 115 million wi ..Read More

First Avenue for Real Estate Development, Saudi Arabia, has signed a turnkey contract worth SAR 115 million with Emaarona Contracting Company for the “Al-Basateen Avenue” residential project. The development will feature 315 apartments across a 30,000 m² built-up area and is set for completion within 18 months from site handover. The project supports First Avenue’s strategic real estate expansion and growth goals.
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• Construction

Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Com ..Read More

Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Company to develop over 900 residential villas in Zone O2 of the Makkah Gate project in Makkah City. The project, strategically located near the main Prince Mohammed bin Salman Road, is the first full-service residential suburb within the Grand Mosque's boundary, offering integrated facilities, green spaces, and easy access to schools, healthcare, and the Holy Mosque within 30 minutes.
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• Construction

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, fo ..Read More

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, focusing on efficiency and environmental performance. The partnership combines Aramco's research in energy solutions with BYD's expertise in new energy vehicles, aiming to create breakthroughs in transport efficiency and reduce carbon footprints. This collaboration supports global climate goals and fosters innovation in energy transition technologies.
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• Transport