Omrania, a subsidiary of Egis, secured a SAR 426.3 million ($113.6 million) contract to design the Diriyah Bou ..Read More

Omrania, a subsidiary of Egis, secured a SAR 426.3 million ($113.6 million) contract to design the Diriyah Boulevard District, part of the $63.2 billion Diriyah project. As the multidisciplinary consultant, Omrania will integrate Najdi architectural heritage with sustainable design to create vibrant community spaces, contributing to Diriyah’s vision as “The City of Earth.”
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• Construction

Al Yamamah Steel Industries Co. has secured a SAR 97.5 million contract with Trading & Development Partnership ..Read More

Al Yamamah Steel Industries Co. has secured a SAR 97.5 million contract with Trading & Development Partnership to supply steel towers for the construction of a 380 kV ultra-high-voltage line in eastern Saudi Arabia. The contract, which will last for one year, is set to begin in May 2025.
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• Power

The Roads General Authority (RGA) in Saudi Arabia, in collaboration with Al-Ahsa Municipality and the National ..Read More

The Roads General Authority (RGA) in Saudi Arabia, in collaboration with Al-Ahsa Municipality and the National Center for Waste Management, has completed the Kingdom's first road using recycled construction and demolition (C&D) waste in asphalt layers. This initiative supports Saudi Arabia’s circular economy goals, aiming for a 60% recycling rate of such waste by 2035, while promoting sustainable and cost-effective infrastructure development.
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• Construction

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt ..Read More

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt, the largest single-contracted wind farm in the Middle East. The project, valued at $1.2 billion, will contribute to Egypt's renewable energy goals, reducing CO2 emissions by 1.1 million tonnes annually. It secured a $703.6 million debt facility from a consortium of banks and is expected to begin operations by Q2 2027.
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• Finance

ADES Holding Company, Saudi Arabia, has secured a Letter of Award (LOA) from PTTEP Energy Development Company ..Read More

ADES Holding Company, Saudi Arabia, has secured a Letter of Award (LOA) from PTTEP Energy Development Company for a five-year offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. The contract includes the deployment of the Admarine 503 rig, strengthening ADES’ presence in Southeast Asia, where it now operates five jack-up rigs. This milestone reflects ADES’ agility in redeploying rigs and reinforces its strategic commitment to the region, contributing to its strong financial outlook for the year.
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• Oil & Gas

East Pipes Integrated Company for Industry has secured contracts worth SAR 57 million from Saudi Real Estate I ..Read More

East Pipes Integrated Company for Industry has secured contracts worth SAR 57 million from Saudi Real Estate Infrastructure Company (Binyah) and Al Rashid Trading and Contracting Company. The contracts, set to last seven months, involve manufacturing and supplying steel pipes with coating applications. The financial impact will be reflected in the first and second quarters of the 2025/2026 financial year.
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• Manufacturing

Red Sea International Company's subsidiary, The Fundamental Installation for Electric Work Co. Ltd., signed a ..Read More

Red Sea International Company's subsidiary, The Fundamental Installation for Electric Work Co. Ltd., signed a SAR 318.9 million contract with Modern Building Leaders Co. to deliver mechanical, electrical, and plumbing (MEP) works. The 13-month contract includes supply, installation, testing, and commissioning of MEP systems, showcasing the subsidiary's expertise as a leading MEP contractor in Saudi Arabia.
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• Construction

The Knowledge Economic City in Saudi Arabia has signed a SAR 502.9 million contract with China Gezhouba Group ..Read More

The Knowledge Economic City in Saudi Arabia has signed a SAR 502.9 million contract with China Gezhouba Group International Engineering Company (CGGC) for construction, electromechanical, and finishing works for seven residential towers in the Al-Alya Project's first phase. Spanning 270,000 square meters, the Al-Alya Project integrates residential, business, and entertainment facilities, including apartments, villas, hotels, and a central park to enhance quality of life. The contract duration is 30 months.
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• Construction