Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Developme ..Read More

Riyadh Development Company (ARDCO), in partnership with the Sports Boulevard Company and Turkish FTG Development Company, has signed an agreement to establish a real estate investment fund valued at over SAR 3.5 billion. The fund will develop a mixed-use project in the URBAN WADI area of the Sports Boulevard in Riyadh, covering 39,759 square meters with over 207,000 square meters of built-up space. The project is set to redefine Riyadh's skyline and will be developed over a seven-year period.
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• Construction

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavat ..Read More

Diriyah Company has awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works in the second phase of the Diriyah project, covering 6.3 square kilometers. This phase will lay the foundation for major cultural assets, including the Royal Diriyah Opera House and Diriyah Arena, aligning with Saudi Vision 2030. The project will incorporate sustainability practices, including repurposing excavation materials for other uses. This contract follows several other significant awards for the Diriyah development.
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• Construction

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resor ..Read More

Dan Company has signed a contract with Abdulmohsen Al-Tamimi Contracting Company to develop its flagship resort in Al-Ahsa under the "Tuaja Luxury Resorts" brand. The 1.8 million square meter resort will offer three distinct experiences: luxury, eco-friendly, and adventure resorts, featuring 201 accommodations and a range of facilities. The project focuses on sustainability, community empowerment, and environmental conservation, aligning with Saudi Vision 2030 and enhancing Al-Ahsa’s tourism appeal.
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• Construction

The Saudi Civil Aviation Holding Company (MATARAT) has issued a Request for Proposal (RFP) for the privatizati ..Read More

The Saudi Civil Aviation Holding Company (MATARAT) has issued a Request for Proposal (RFP) for the privatization of the New Abha International Airport to pre-qualified bidders. The airport, designed to reflect the Aseer region's heritage, aims to accommodate up to 10 million passengers annually by 2030, with a capacity of 13 million by 2054. Pre-qualified bidders include consortia such as Mada TAV, VI Asyada daa, GMR, and Touwaik Alliance. Construction, set for completion by 2028, will be executed in phases to ensure smooth progress.
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• Construction
• PPP

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea faciliti ..Read More

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea facilities at the Abu Safah field, offshore Saudi Arabia. The project, valued between $150 million and $300 million, includes engineering, procurement, construction, and installation, with offshore operations planned for 2026. It will be managed from Subsea 7's Al Khobar office, reinforcing their long-standing partnership with Aramco.
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• Oil & Gas

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credi ..Read More

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credit Facility agreement, involving several major banks including ICBC, Bank of China, and First Abu Dhabi Bank. The financing, with a duration of 5 years and an optional 2-year extension, will support SEC’s operations and projects.
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• Finance

Saudi Water Partnerships Company (SWPC) has selected the consortium of ACWA Power, Haji Abdullah Alireza & Par ..Read More

Saudi Water Partnerships Company (SWPC) has selected the consortium of ACWA Power, Haji Abdullah Alireza & Partners, and AlSharif Contracting as the preferred bidder for the Jubail 4 and Jubail 6 Independent Water Plants. Located south of Jubail, the project will produce 600,000 m³/day of potable water and operate for 25 years starting in Q1 2028. The consortium submitted a levelized cost of 1.8206 SAR/m³, supporting Saudi Vision 2030's goals for sustainable water resource development and high-quality services.
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• PPP
• Water

Al Yamamah Steel Industries Co. has secured a SAR 94.9 million contract with National Contracting Company Ltd ..Read More

Al Yamamah Steel Industries Co. has secured a SAR 94.9 million contract with National Contracting Company Ltd to supply steel towers for a 380 kV ultra-high-voltage line project in Saudi Arabia's central region. The contract has a one-year duration, following a $31.7 million contract awarded in November 2024.
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• Power