Ma’aden announced promising gold and copper discoveries in Saudi Arabia’s Arabian Shield, including a new ..Read More

Ma’aden announced promising gold and copper discoveries in Saudi Arabia’s Arabian Shield, including a new gold find at Wadi Al Jaww and strong mineralization at Jabal Shayban. Drilling at Mansourah-Massarah revealed high-grade gold extensions, supporting potential underground mining. Ma’aden’s exploration efforts, among the largest globally in a single jurisdiction, align with Saudi Vision 2030 to establish mining as the Kingdom’s economic pillar.
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• Mining

Saudi Electricity Company (SEC) has issued tenders for two major High Voltage Direct Current (HVDC) Overhead T ..Read More

Saudi Electricity Company (SEC) has issued tenders for two major High Voltage Direct Current (HVDC) Overhead Transmission Line (OHTL) projects to connect the Eastern and Central Operating Areas (EOA and COA) of Saudi Arabia. The first project links Nariyah IPP to Zulff BSP 9064 over 508 km, while the second connects Qurayyah-4 BSP/Hajer-2 IPP to Khari Industrial City BSP 9067 over 466 km. Both projects will operate at +500kV with a 3000MW capacity. SEC has also recently awarded HVDC interconnection projects between the Southern and Central Operating Areas.
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• Power

NMDC Energy PJSC has inaugurated a state-of-the-art fabrication yard in Ras Al Khair, Saudi Arabia, marking a ..Read More

NMDC Energy PJSC has inaugurated a state-of-the-art fabrication yard in Ras Al Khair, Saudi Arabia, marking a key step in its regional and global expansion. The yard, which has a production capacity of 40,000 tonnes per year, is equipped with advanced automation and digitalization features. It will support offshore facilities fabrication and onshore modularization. With an investment of AED 200 million, the yard is designed to enhance efficiency, safety, and environmental sustainability, contributing to Saudi Arabia's economic growth and supporting its industrial priorities.
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• Manufacturing

Aramco signed 145 agreements and MoUs worth $9 billion at the iktva Forum & Exhibition 2025, focusing on local ..Read More

Aramco signed 145 agreements and MoUs worth $9 billion at the iktva Forum & Exhibition 2025, focusing on localizing goods and services in Saudi Arabia. Key highlights include the launch of ASMO, a joint venture with DHL, and the inauguration of the Novel Non-Metallic Solutions facility and NMDC Offshore fabrication yard. The iktva program, launched in 2015, has driven the establishment of 350 local manufacturing facilities and aims to achieve a 70% localization score while boosting exports and job creation.
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• Oil & Gas

SAMSUNG E&A has signed a Memorandum of Understanding (MoU) with Aramco to establish a manufacturing hub in Sau ..Read More

SAMSUNG E&A has signed a Memorandum of Understanding (MoU) with Aramco to establish a manufacturing hub in Saudi Arabia, aiming to expand automation technologies and boost production capacity. The MoU was signed at the iktva Forum & Exhibition 2025, where SAMSUNG E&A also showcased its advanced digital solutions and highlighted its commitment to innovation with strategies like Integrate AHEAD and AWP for enhanced EPC execution.
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• Manufacturing

Siemens Energy has expanded its plant in Dammam, Saudi Arabia, increasing its area by 35% to 20,000 square met ..Read More

Siemens Energy has expanded its plant in Dammam, Saudi Arabia, increasing its area by 35% to 20,000 square meters. The expansion will support the localization of energy sector industries, including gas-insulated switchgear (GIS) and HL-Class gas turbines. Notably, the 9000HL-Class turbines will be used in the Taiba-2 and Qassim-2 CCGT projects, marking the first time these turbines will be assembled outside of Siemens' Berlin factory. This follows a $1.5 billion contract awarded in June 2024 for these projects.
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• Manufacturing

HEISCO's Saudi Arabian branch has received a letter of award from Enppi for a SAR 275.5 million contract. The ..Read More

HEISCO's Saudi Arabian branch has received a letter of award from Enppi for a SAR 275.5 million contract. The project involves executing the main civil and mechanical works for debottlenecking production facilities in Abqaiq, with a duration of 865 days.
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• Oil & Gas

Diriyah Company has opened two major substations, a 1707 MVA Bulk Substation and a 200 MVA Primary Substation, ..Read More

Diriyah Company has opened two major substations, a 1707 MVA Bulk Substation and a 200 MVA Primary Substation, to support the infrastructure development of Diriyah and Wadi Safar in Saudi Arabia. These substations, designed with Najdi architectural elements, will power key developments in Diriyah, including cultural, residential, and hospitality assets. The projects are a significant milestone in Diriyah’s growth as a world-class destination, combining advanced infrastructure with the preservation of cultural heritage.
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• Power