iriyah Company and Kakao Mobility have partnered to introduce smart parking and digital mobility solutions at ..Read More

iriyah Company and Kakao Mobility have partnered to introduce smart parking and digital mobility solutions at Diriyah’s first development phase. The collaboration supports Saudi Vision 2030 and aims to serve 50 million annual visitors with seamless transport.
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• Transport

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to expl ..Read More

ACWA Power (Saudi Arabia) signed MoUs and SPAs with key Malaysian entities during the ASEAN-GCC Summit to explore up to 12.5GW of power generation by 2040 with an initial investment of USD 10 billion. Partnerships with MIDA, TNB, Terengganu Inc., and UEM Lestra aim to jointly develop projects in renewable energy, green hydrogen, FPV, CCGT, and water desalination, supporting Malaysia’s NETR and Saudi Vision 2030. The initiative aligns with Malaysia's goal to reach 70% renewable energy by 2050.
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• Power

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract fro ..Read More

Al Yamamah Steel Industries Co. (Saudi Arabia) has secured a SAR 167.6 million (USD 44.7 million) contract from Trading & Development Partnership Company to supply steel towers for a 380 kV ultra-high-voltage line in Saudi Arabia’s western region. The contract duration is one year. Previously, the company announced USD 82.4 million worth of contracts awarded by L&T.
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• Power

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALD ..Read More

Under the patronage of Saudi royals, ROSHN Group, a PIF-backed real estate developer, has broken ground on ALDANAH, its first fully integrated residential community in Dhahran. Spanning 1.7 million sqm, the project will feature over 2,000 residential units, nine floor plans, and extensive amenities including green spaces, mosques, schools, and retail areas. Located near major landmarks, ALDANAH aligns with Vision 2030 goals to boost homeownership and quality of life in the Eastern Region.
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• Construction

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for ..Read More

GE Vernova has secured a contract to supply five 7H-Class gas turbines (three 7HA.03 and two 7HA.02 units) for Saudi Arabia’s 3 GW Qurayyah IPP Expansion Project, awarded by EPC JV Técnicas Reunidas (Spain) and Orascom Construction (Egypt). The project supports Saudi Arabia’s goal to derive 50% of its electricity from gas by 2030 and includes future carbon capture readiness. A PPA was signed in Feb 2025 by Hajr Two Electricity Co. with SPPC, aligning with Saudi Vision 2030 and net-zero targets for 2060.
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• Power

Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and ..Read More

Doosan Enerbility (South Korea) has signed contracts worth USD 247.5 million to supply four steam turbines and generators for the Ghazlan 2 and Hajar gas-fired power plant expansions in eastern Saudi Arabia, each with a capacity of approx. 2,900 MW. The deals were signed with EPC consortium partners Técnicas Reunidas (Spain) and Orascom Construction (Egypt), with phased completion expected by 2028. Doosan now holds a 33.1% global market share in ultra-large steam turbines for combined cycle plants.
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• Power

Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam ..Read More

Doosan Enerbility, South Korea, has signed contracts worth KRW 340 billion (USD 247.5 million) to supply steam turbines and generators for Saudi Arabia's Ghazlan 2 and Hajar Expansion gas-fired power plants, each with a capacity of ~2,900 MW. The contracts were awarded by a joint EPC consortium of Spain's Técnicas Reunidas and Egypt's Orascom. Completion is expected by 2028, with Doosan providing four turbines (2x650 MW, 2x540 MW). The deal boosts Doosan’s presence in the Middle East power sector.
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• Power

ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of ..Read More

ARDARA and Sumou Holding have signed an MoU to jointly develop mixed-use urban communities in future phases of AlWadi, a 2.5 million sqm sustainable development in Aseer, Saudi Arabia. AlWadi will dedicate over 30% of its area to green spaces, feature 16 km of waterfront, 17 km of sport trails, and five distinct districts. Phase one, to be delivered in three years, includes 2,000 residential units, luxury hotels, and commercial and business spaces.
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• Construction