Red Sea International’s subsidiary, The Fundamental Installation for Electric Work Co. Ltd., has signed a SA ..Read More

Red Sea International’s subsidiary, The Fundamental Installation for Electric Work Co. Ltd., has signed a SAR 265.9 million contract with ALEC Saudi Arabia for MEP works at the “iLMi” Science Discovery and Innovation Center in Riyadh. The project includes deep utilities, PV systems, museum exhibits, and more, spanning nine levels with exhibition galleries, an amphitheater, and offices. The contract duration is 636 days.
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• Construction

Kingdom Holding Company has restarted concrete pouring for Jeddah Tower, set to be the world’s tallest build ..Read More

Kingdom Holding Company has restarted concrete pouring for Jeddah Tower, set to be the world’s tallest building at over 1,000 meters. Managed by Jeddah Economic Company with renowned architects and engineers, the tower will feature luxury residences, commercial spaces, a Four Seasons hotel, and an observation deck. In October 2024, a $1.92 billion contract was awarded to Saudi Binladin Group to resume construction.
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• Construction

Vale has signed a land reservation agreement with Saudi Arabia’s Royal Commission of Jubail and Yanbu to est ..Read More

Vale has signed a land reservation agreement with Saudi Arabia’s Royal Commission of Jubail and Yanbu to establish a Mega Hub at Ras Al-Khair Industrial City for green-steel production. The hub, developed in two phases, will produce up to 12 million tons of cold-briquetted iron ore (CBI) annually, supporting net-zero steelmaking. Part of Vale’s broader strategy, the project aligns with Saudi Vision 2030, leveraging the Kingdom’s resources and strategic location to drive industrial growth and sustainability.
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• Manufacturing

ACWA Power, in collaboration with IC İÇTAŞ, has been selected for Azerbaijan's Caspian SWRO desalination pr ..Read More

ACWA Power, in collaboration with IC İÇTAŞ, has been selected for Azerbaijan's Caspian SWRO desalination project. The consortium will build a seawater reverse osmosis desalination plant with a daily capacity of 300,000 cubic meters in Sumgayit Chemical Industrial Park. The project will serve the growing drinking water needs of Baku and the Absheron Peninsula, with a 27.5-year operational period before management is transferred to the Azerbaijan State Water Resources Agency.
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• Water

Petro Rabigh and Honeywell have signed an MoU under the patronage of the Saudi Ministry of Energy to demonstra ..Read More

Petro Rabigh and Honeywell have signed an MoU under the patronage of the Saudi Ministry of Energy to demonstrate Naphtha-to-Ethane-and-Propane (NEP) technology at the Petro Rabigh refinery. This collaboration aims to enhance crude oil conversion into value-added petrochemicals, promote sustainability, and drive innovation, aligning with Saudi Vision 2030 to advance the petrochemical sector.
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• Oil & Gas

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on m ..Read More

The Future Minerals Forum 2025 in Riyadh saw the signing of 126 agreements worth SAR107 billion, focusing on mining, sustainability, innovation, and supply chains. Major deals include projects in flat steel, crude iron billets, copper smelting, and deep-sea mineral exploration. Key announcements included Aramco and Maaden’s critical minerals project, Hadeed’s acquisition of Al Rajhi Steel, and Baosteel’s first plant outside China. The forum attracted 18,000+ participants from 170 countries, highlighting Saudi Arabia’s push for global mining sector growth.
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• Mining

Saudi Arabian Mining Company (Ma’aden) has signed multiple contracts for the development of its third phosph ..Read More

Saudi Arabian Mining Company (Ma’aden) has signed multiple contracts for the development of its third phosphate fertilizer manufacturing project. Key contracts include a $325 million deal with China National Chemical Engineering for construction at Ras Al Khair, a $363 million contract with Sinopec Nanjing for Wa’ad Al Shamal (SAP/PAP & OSBL), and a $234 million contract with Tekfen for Wa’ad Al Shamal (Beneficiation). The project, announced in 2016, aims to add 3 million tonnes per year of production capacity at an estimated cost of 24 billion SAR.
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• Construction

Strohm, Netherlands, has secured its first onshore commercial contract in Saudi Arabia, supplying 33 km of TCP ..Read More

Strohm, Netherlands, has secured its first onshore commercial contract in Saudi Arabia, supplying 33 km of TCP flowline for Aramco’s Fadhili gas plant. The project will feature Strohm’s new electrofusion coupler (EFC), a corrosion-free, cost-effective joint for buried applications. The six-inch composite pipe, used for MEG transport, will be delivered by September 2025. This milestone strengthens Strohm’s presence in Saudi Arabia and aligns with the Fadhili plant’s $7.7 billion expansion to boost gas processing and low-carbon hydrogen development.
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• Oil & Gas