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

Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh Cit ..Read More

Parsons Corporation has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) to provide program management office (PMO) services for the Main and Ring Roads Program. The project involves approximately 500 km of new and improved road corridors in Riyadh, aiming to reduce congestion and enhance connectivity in preparation for global events like Expo 2030 and the FIFA World Cup 2034. The contract reflects Parsons' long-standing partnership with RCRC on major infrastructure projects in the city.
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• Construction

Riyadh Cables Group has been awarded a contract by DEWA to supply, install, test, and commission 132kV cable w ..Read More

Riyadh Cables Group has been awarded a contract by DEWA to supply, install, test, and commission 132kV cable works for the Maktoumi and Sukkari substations, covering a 41km route with 246km of cables. The 27-month project aims to enhance power connectivity in Dubai's Jabal Ali Palm area, reflecting DEWA's trust in the company's expertise and commitment to sustainable energy infrastructure.
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• Power

EDF Renewables Middle East and SPIC Huanghe Hydropower signed a Power Purchase Agreement with Saudi Power Proc ..Read More

EDF Renewables Middle East and SPIC Huanghe Hydropower signed a Power Purchase Agreement with Saudi Power Procurement Company to develop two solar IPP projects in Saudi Arabia: the 1,000 MW Al-Masaa IPP in Hail and the 400 MW Al-Henakiyah 2 IPP in Madinah. Together, the projects will power 240,000 homes annually, reduce CO₂ emissions by 2.7 million tons, and support Saudi Arabia’s renewable energy goals.
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• Power
• PPP