Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 ..Read More

Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 MW, OMR 590M) and Duqm (800 MW, OMR 290M) IPP projects, scheduled for commercial operation in Q2 2029. These combined cycle gas turbine plants, totaling 2,400 MW, will be developed under a build-own-operate model with private sector participation. Qualified bidders include firms from Saudi Arabia, South Korea, Japan, Qatar, Singapore, and China.
Read Less

• Power
• PPP

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power g ..Read More

GE Vernova Inc. has announced energy initiatives worth up to $14.2 billion to support Saudi Arabia’s power generation and grid stability goals under Vision 2030 and its net-zero by 2060 target. This includes $2 billion in backlog or reservation agreements by Q1 2025, MoUs with Saudi Electricity Company, Aramco, ACWA Power, and others for advanced gas turbines, carbon capture, grid solutions, and R&D. GE Vernova also operates a major manufacturing and R&D facility in Dammam with over 850 employees.
Read Less

• Power

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman Internation ..Read More

Parsons Corporation (USA) has been awarded two major Delivery Partner contracts by the King Salman International Airport Development Company (KSA), owned by the Public Investment Fund. The contracts cover airfield assets (runways, taxiways, control towers) and landside infrastructure (roads, tunnels, rail, utilities) for the upcoming King Salman International Airport in Riyadh. Spanning an initial 4-year phase, the project supports Saudi Vision 2030 and aims to handle 120 million passengers by 2030 and 185 million by 2050 across 6 parallel runways on a 57 km² site.
Read Less

• Construction

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Ar ..Read More

Bechtel (USA) has signed an agreement with the King Salman International Airport Development Company (Saudi Arabia) to serve as the delivery partner for three major terminals at the upcoming King Salman International Airport (KSIA) in Riyadh. The airport, expected to be the world’s largest, will feature six parallel runways and handle 185 million passengers and 3.5 million tons of cargo annually by 2050. The project includes a commercial terminal, Terminal 6 for low-cost carriers, and a private aviation terminal, all targeting LEED Platinum certification, and aligns with Saudi Vision 2030.
Read Less

• Construction

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
Read Less

• Construction

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in ..Read More

ACWA Power signed MoUs worth USD 500 million with major US companies during the Saudi–US Investment Forum in Riyadh, expanding its total partnerships with American firms to over USD 6 billion. The agreements cover collaborations with GE Vernova (gas turbines and grid systems), Baker Hughes (green hydrogen), KBR (ammonia and engineering services), and Energy Recovery (desalination efficiency). These partnerships support Saudi Arabia’s Vision 2030 and net-zero 2060 goals.
Read Less

• Power

Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for th ..Read More

Saudi Arabia’s Ministry of Industry and Mineral Resources has extended the pre-qualification deadline for the 9th round of exploration license bidding to June 16, 2025, covering 24,423 sq. km across three mineral-rich belts in Madinah and Riyadh. The licenses offer access to gold, copper, silver, zinc, and nickel, and are part of plans to open 50,000+ sq. km for exploration in 2025. Key bidding dates include: May 30 (guidelines), July 1 (auction), August 15 (bid deadline), and August 30 (winner announcement). The process will use a fully automated, transparent system via the Ta’adeen Platform.
Read Less

• Mining

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge ..Read More

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge AI semiconductor solutions crucial for NEOM’s AI-native digital infrastructure. The partnership aims to accelerate the deployment of next-gen computing technologies, enabling local video data processing and reducing reliance on centralized systems. This aligns with NIF’s broader mission to scale frontier technologies and build a cognitive, AI-driven economy.
Read Less

• NEOM