L&T has secured significant power transmission contracts across the Middle East and Africa, focusing on expand ..Read More

L&T has secured significant power transmission contracts across the Middle East and Africa, focusing on expanding high-voltage grids and enhancing energy management systems. The projects include transmission line developments in Saudi Arabia, substation expansions in Qatar, and the establishment of Kenya’s National System Control Centre to support stable integration of renewable energy sources.
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• Power

PIF and Brookfield Asset Management Ltd. signed a non-binding MoU at the FII 8th Edition in Riyadh, with PIF a ..Read More

PIF and Brookfield Asset Management Ltd. signed a non-binding MoU at the FII 8th Edition in Riyadh, with PIF as a strategic anchor investor for Brookfield Middle East Partners (BMEP). The platform aims to raise $2 billion for investments in sectors like industrials, technology, and healthcare, with at least 50% allocated to Saudi Arabia. The partnership also includes expanding Brookfield's Riyadh office and launching Brookfield Academy locally to support talent development and economic growth.
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• Construction

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vie ..Read More

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vietnamese Prime Minister H.E. Pham Minh Chinh's visit to Saudi Arabia. The agreement, formalized at the FII 8th Edition in Riyadh, aims to explore cooperation in the storage, supply, and trading of energy and petrochemical products, with a focus on optimizing operations and unlocking additional value.
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• Oil & Gas

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industria ..Read More

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industrial Development Fund (SIDF) to launch a major supply chain financing program, one of the largest globally, aimed at providing affordable financing for Aramco’s suppliers. Announced at the FII 8th Edition in Riyadh, the new FinTech solution will improve suppliers' liquidity, enhance cash flow forecasting, and strengthen Aramco’s supply chain resilience, unlocking billions of Saudi Riyals in liquidity to support working capital optimization and alternative financing access for suppliers
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• Oil & Gas

The King Abdullah Financial District Development & Management Company (KAFD DMC) has signed an agreement with ..Read More

The King Abdullah Financial District Development & Management Company (KAFD DMC) has signed an agreement with CRRC and Hassan Allam Construction Saudi to launch a 3.6-kilometer, driverless Monorail in Riyadh. The system, with six trains and stations, will connect KAFD's offices, retail, and leisure spaces, integrating with the Riyadh Metro. Designed for 3,500 passengers per hour, the Monorail supports KAFD’s "10-Minute City" vision and sets a new standard for sustainable urban mobility.
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• Transport

Wood has secured an engineering services contract for Aramco’s Southern and Northern Areas gas increments pr ..Read More

Wood has secured an engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi Arabia, aimed at boosting natural gas production. The project will involve one million engineering hours, with Wood providing PMC services, Pre-FEED and FEED engineering for onshore gas facilities, and EPC contracting support. The seven-year project will engage over 400 employees across Saudi Arabia, the UK, and India.
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• Oil & Gas

Retal Urban Development Company, Saudi Arabia, has signed two agreements with National Housing Company to purc ..Read More

Retal Urban Development Company, Saudi Arabia, has signed two agreements with National Housing Company to purchase developed lands for residential development in Al Khozam Suburb, Riyadh, valued at SAR 947.6 million. Under the contract, Retal will develop 947 residential units over a 55-month period.
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• Construction

Sindalah Island Opens as NEOM’s First Luxury Destination, Showcasing Visionary Tourism with World-Class Amen ..Read More

Sindalah Island Opens as NEOM’s First Luxury Destination, Showcasing Visionary Tourism with World-Class Amenities, Unique Marine Ecosystem, and Year-Round Yachting in the Red Sea
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• NEOM