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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Government Initiative in Saudi Arabia

Read about all the government initiative in Saudi Arabia

Kuwait

  •  April 21, 2025

Heavy Engineering Industries & Shipbuilding Co. (HEISCO) has signed a USD 137 million subcontract with Tecnica ..Read More

Heavy Engineering Industries & Shipbuilding Co. (HEISCO) has signed a USD 137 million subcontract with Tecnicas Reunidas Saudia for civil and electromechanical works at the Qurayyah combined cycle gas-fired power plant in Saudi Arabia’s Eastern Province. The project, part of the Qurayyah IPP Expansion, has a duration of 29 months and follows a $2.6 billion expansion project awarded to Orascom and Técnicas Reunidas JV in March 2025.
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Saudi Arabia

  •  April 18, 2025

McDermott has secured a three-year extension of its Long-Term Agreement (LTA) Framework with Aramco to support ..Read More

McDermott has secured a three-year extension of its Long-Term Agreement (LTA) Framework with Aramco to support both brownfield and greenfield offshore developments in Saudi Arabia. This extension strengthens McDermott’s role in Saudi offshore energy projects and aligns with Saudi Vision 2030 by supporting the IKTVA program. McDermott also plans to complete its SAFIRA fabrication yard to boost local project delivery capabilities and expand its Saudi-based workforce and infrastructure.
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Saudi Arabia

  •  April 18, 2025

Saipem has renewed its Long-Term Agreement (LTA) with Saudi Aramco until the end of 2027, reaffirming its posi ..Read More

Saipem has renewed its Long-Term Agreement (LTA) with Saudi Aramco until the end of 2027, reaffirming its position among the select contractors eligible to bid for CRPOs related to new offshore projects and production maintenance in Saudi Arabia. If awarded, projects will be executed by a consortium of Snamprogetti Saudi Arabia and STAR, leveraging local facilities established in 2008. The renewal highlights Saipem’s long-standing partnership with Aramco and its continued role in Saudi Arabia's offshore energy sector.
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Saudi Arabia

  •  April 18, 2025

China Energy International Group and its branch, China Energy Engineering, have been awarded the contract for ..Read More

China Energy International Group and its branch, China Energy Engineering, have been awarded the contract for the Ghazlan Power Plant Expansion Project by Saudi Electricity Company (SEC). The project involves adding approximately 1,600 MW to the existing power plant, located 20KM northwest of Ras Tanura and 80KM north of Dammam in Saudi Arabia’s Eastern Province. The expansion will be executed on an EPC basis.
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Qatar

  •  April 17, 2025

Diriyah Company, Saudi Arabia, has awarded a $1.4 billion (SAR 5.1 billion) contract to a joint venture of El ..Read More

Diriyah Company, Saudi Arabia, has awarded a $1.4 billion (SAR 5.1 billion) contract to a joint venture of El Seif, CSCEC, and Midmac to construct the Royal Diriyah Opera House and surrounding assets, including a five-star hotel and residential complex. Designed by Snøhetta with a capacity of 3,100 seats, the opera house will serve as a cultural landmark aligned with Vision 2030. The contract is part of a broader development push including smart city initiatives, luxury residencies, and hospitality openings.
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Saudi Arabia

  •  April 17, 2025

Descon Engineering Arabia has secured its first major contract in Saudi Arabia, a multi-year General Engineeri ..Read More

Descon Engineering Arabia has secured its first major contract in Saudi Arabia, a multi-year General Engineering Services (GES) agreement with TASNEE. Over the next three years, Descon will deliver Basic Engineering, FEED, and Detailed Design services to support TASNEE's key projects and development initiatives. This marks a significant milestone in Descon’s strategic growth in the Kingdom.
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Saudi Arabia

  •  April 17, 2025

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a SAR 223.8 million contract by th ..Read More

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a SAR 223.8 million contract by the Saudi Irrigation Organization for the construction of a treated water reuse system. The project, part of Phase One at Al Rass Sewage Treatment Plant, involves transmission and distribution of treated water for agricultural irrigation. The contract duration is 24 calendar months.
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Saudi Arabia

  •  April 17, 2025

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a contract by the Saudi Irrigation ..Read More

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a contract by the Saudi Irrigation Organization worth SAR 353.9 million for the construction of treated water reuse systems. The contract involves two projects: the first at Al Rass Sewage Treatment Plant (SAR 223.8 million) and the second at Wadi Al-Dawasir Sewage Treatment Plant (SAR 130 million). Both projects aim to provide treated water for agricultural irrigation and have a 24-month completion period.
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