Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & T ..Read More

Al-Babtain Power and Telecommunication Co., Saudi Arabia has signed a SAR 390 million contract with Larsen & Toubro Saudi Arabia (L&T) to supply steel towers for the 500kV HVDC Overhead Transmission Line (COA-SOA Interconnection Link, Portion II) over 24 months. This follows a $207.2 million steel towers supply contract with Hyundai E&C, reinforcing its role in Saudi Arabia’s power infrastructure projects.
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• Power

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to ..Read More

EDF Saudi Arabia and TAQA Geothermal Energy Company signed an MoU at the PIF Private Sector Forum in Riyadh to collaborate on geothermal energy technologies, including power generation, HVAC applications, and Compressed Air Energy Storage. The agreement, signed by Omar Aldaweesh (EDF) and Meshary Al-Ayed (TAQA Geothermal), aligns with Saudi Vision 2030 and EDF’s Ambitions 2035 to advance sustainable energy solutions. The partnership aims to develop geothermal cooling systems and enhance Saudi Arabia’s renewable energy leadership.
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• Power

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in ..Read More

Prince Faisal bin Khalid bin Sultan inaugurated SAR29 billion worth of development and investment projects in Wa’ad Al Shamal Mining City, including Ma’aden’s Phosphate 3 project with SAR28 billion investment to boost Saudi’s phosphate production to 9 million tons annually. Several industrial, logistical, and service projects by MODON, valued at over SAR550 million, were also launched, enhancing infrastructure, energy, and logistics across 4.3 million sqm. Additionally, Prince Faisal inaugurated the expansion of Ma’aden’s residential complex, adding 96 new residential units.
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• Mining

ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 hom ..Read More

ROSHN Group has launched the first batch of sales for ALMANAR, its first community in Makkah, offering 727 homes, including townhouses, duplexes, and villas, located 20 minutes from Al-Masjid Al-Haram. ALMANAR features over 18% green spaces, walking and cycling paths, and amenities such as schools, mosques, and retail centers. Inspired by the region’s architectural heritage, the homes incorporate energy-efficient technologies to promote sustainability. The launch aligns with Vision 2030’s goals of enhancing homeownership and quality of life.
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• Tourism

National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Cont ..Read More

National Medical Care Co., Saudi Arabia, has awarded a SAR 91.7 million contract to Construction Land for Contracting Company for the construction skeleton of Phase 1 of the new Care Medical Hospital (AlNarjis) in Riyadh. The hospital will have a 200-bed capacity, and the contract duration is 12 months.
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• Construction

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (S ..Read More

BYD Energy Storage has signed the world’s largest energy storage contracts with Saudi Electricity Company (SEC) for a 12.5GWh capacity project, bringing their total collaboration to 15.1GWh. The Battery Energy Storage Systems (BESS) will be installed across five sites, fully integrating into Saudi Arabia’s power transmission network to enhance grid stability, energy efficiency, and renewable energy integration. This partnership supports Saudi Vision 2030’s goal of achieving 50% renewable energy, marking a milestone in global ultra-large-scale energy storage.
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• Power

ROSHN Group, a PIF-backed real estate developer, announced new agreements worth SAR 1.5 billion at the PIF Pri ..Read More

ROSHN Group, a PIF-backed real estate developer, announced new agreements worth SAR 1.5 billion at the PIF Private Sector Forum to develop infrastructure and retail facilities in SEDRA Community, Riyadh. Key agreements include SAR 650 million for 900+ residential units and sports facilities, SAR 720 million for 300+ premium units, SAR 130 million for a retail mall, and another for 700+ units. These agreements aim to strengthen Saudi Arabia’s construction sector and enhance local capabilities.
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• Construction

Rua Al Madinah Holding, a PIF company, signed two contracts during the PIF Private Sector Forum 2025 to accele ..Read More

Rua Al Madinah Holding, a PIF company, signed two contracts during the PIF Private Sector Forum 2025 to accelerate the Rua Al Madinah Project, aimed at hosting 30 million visitors by 2030 under the Pilgrims Experience Program. The contracts align with Saudi Vision 2030 to empower the private sector and support local content. CEO Eng. Ahmed W. Al Juhani highlighted the agreements’ role in enhancing hospitality services and enriching visitor experiences in Madinah.
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• Construction