Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost ..Read More

Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost Sharing Agreement to explore the development of a sustainable aviation fuel (SAF) plant in Saudi Arabia. The plant will focus on recycling local waste, such as used cooking oils and animal fats, to produce SAF, contributing to the reduction of aviation emissions. The collaboration supports Saudi Arabia's Vision 2030 sustainability goals and aims to advance the circular economy.
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• Transport

Bechtel celebrated the inauguration of the Riyadh Metro, Saudi Arabia’s first underground railway project, w ..Read More

Bechtel celebrated the inauguration of the Riyadh Metro, Saudi Arabia’s first underground railway project, which will initially serve 1.2 million daily passengers and ultimately have a capacity of 3.6 million. The project, delivered by the BACS consortium, includes the Blue and Red Lines, covering 63.1 km with 40 stations. The metro aims to increase public transport usage in Riyadh from 2% to 18% by 2030, with sustainability features such as renewable energy powering some stations.
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• Transport

MATARAT Holding, in partnership with the National Center for Privatization & PPP, has invited Expressions of I ..Read More

MATARAT Holding, in partnership with the National Center for Privatization & PPP, has invited Expressions of Interest for the new Taif International Airport project. Aligned with Saudi Arabia’s Vision 2030, the project aims to enhance the aviation sector, featuring a new airport with a capacity to handle 2.5 million passengers by 2030. The development includes a new runway, passenger terminal, and associated infrastructure, and will be awarded on a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
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• Construction

Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal com ..Read More

Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal combustion powertrain solutions, as part of its efforts to reduce transport emissions. This investment, valued at €7.4 billion, follows the signing of agreements with Renault Group and Geely, who each retain a 45% stake. Aramco’s involvement will accelerate the development of lower-emission mobility solutions, including alternative fuels and hydrogen technologies.
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• Oil & Gas

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, has invited expressions of ..Read More

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, has invited expressions of interest for the new Taif International Airport project. The airport, set to open by 2030, will have an initial capacity of 2.5 million passengers and will include new runways, terminals, and facilities. The project aligns with Saudi Arabia's Vision 2030 and aims to enhance the Kingdom's aviation and logistics sectors. It will be awarded under a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
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• Transport

Arabian Cement Company, Saudi Arabia, has signed an agreement with the National Electricity Transmission Compa ..Read More

Arabian Cement Company, Saudi Arabia, has signed an agreement with the National Electricity Transmission Company to establish a 101 MVA power transmission station at its Rabigh plant under the Liquid Displacement Program. The project, set for completion by the end of 2025, aims to reduce emissions, enhance grid reliability, and align with national energy and industrial objectives.
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• Power

His Majesty King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro network, a 176-kilometer fully-auto ..Read More

His Majesty King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro network, a 176-kilometer fully-automated system with 6 lines, aimed at improving urban mobility in line with Vision 2030. Webuild Group contributed to the project, including the longest metro line and the Qasr Al Hokm Downtown Metro Station, a symbol of modernity blending with tradition. Webuild, with a long presence in Saudi Arabia, is also involved in major projects like NEOM and water infrastructure initiatives in the region.
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• Transport

The Roads General Authority (RGA), alongside the National Center for Privatization (NCP), has announced the li ..Read More

The Roads General Authority (RGA), alongside the National Center for Privatization (NCP), has announced the list of 42 companies (27 Saudi and 15 international) expressing interest in the operation, maintenance, and development of Motorway Service Areas (MSAs) on the Jeddah–Makkah Direct Highway. The project, involving a dual 4-lane 64 km highway with four MSAs, includes a 10-year contract covering design, build, finance, operation, and maintenance services, aligned with Saudi Arabia's Roads Strategy and National Transport and Logistics Strategy.
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• Construction
• PPP