The Water Transmission Company (WTCO) has announced 31 bidders for the Ras Mohaisen–Baha–Makkah Independen ..Read More

The Water Transmission Company (WTCO) has announced 31 bidders for the Ras Mohaisen–Baha–Makkah Independent Water Transmission System (IWTS), a 300 km project with a daily capacity of 515,000 cubic meters. Developed on a DBFLT model, the initiative aligns with Saudi Vision 2030 and the National Water Strategy to enhance water sustainability and desalination. The selected developer will lease the transmission capacity to WTCO for up to 35 years.
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• PPP
• Water

NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. ..Read More

NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. These firms will provide urban design, planning, and engineering expertise, ensuring a sustainable and innovative city design. THE LINE aims to redefine urban living with vertical city planning, no roads or cars, and a strong focus on nature and sustainability.
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• NEOM

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastruc ..Read More

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastructure project for AMAALA, Saudi Arabia’s luxury, eco-friendly Red Sea destination. Powered by 250 MW of solar energy, advanced desalination, and battery storage, the project positions AMAALA to lead in regenerative tourism and sustainability, with completion targeted for 2025.
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• AMAALA
• Finance
• Power

Alfanar has secured SAR 20 billion in strategic contracts with Saudi Electricity Company to deliver the Middle ..Read More

Alfanar has secured SAR 20 billion in strategic contracts with Saudi Electricity Company to deliver the Middle East’s largest high-voltage direct current (HVDC) project, advancing renewable integration and grid stability across Saudi Arabia. The 7 GW transmission link will connect key regions, supporting Vision 2030’s energy goals and enhancing the nation’s infrastructure for sustainable energy advancements.
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• Power

PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI ..Read More

PIF and Google Cloud have partnered to create an AI hub near Dammam, Saudi Arabia, with the aim of driving AI innovation, advancing workforce development, and developing advanced Arabic language models. The hub is projected to boost Saudi Arabia’s GDP by $71 billion and create thousands of jobs, contributing to a 50% growth in the ICT sector and strengthening Saudi Arabia's position in AI and digital technology.
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• Power

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