First Avenue for Real Estate Development, Saudi Arabia, has signed a turnkey contract worth SAR 115 million wi ..Read More

First Avenue for Real Estate Development, Saudi Arabia, has signed a turnkey contract worth SAR 115 million with Emaarona Contracting Company for the “Al-Basateen Avenue” residential project. The development will feature 315 apartments across a 30,000 m² built-up area and is set for completion within 18 months from site handover. The project supports First Avenue’s strategic real estate expansion and growth goals.
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• Construction

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, fo ..Read More

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, focusing on efficiency and environmental performance. The partnership combines Aramco's research in energy solutions with BYD's expertise in new energy vehicles, aiming to create breakthroughs in transport efficiency and reduce carbon footprints. This collaboration supports global climate goals and fosters innovation in energy transition technologies.
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• Transport

Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Com ..Read More

Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Company to develop over 900 residential villas in Zone O2 of the Makkah Gate project in Makkah City. The project, strategically located near the main Prince Mohammed bin Salman Road, is the first full-service residential suburb within the Grand Mosque's boundary, offering integrated facilities, green spaces, and easy access to schools, healthcare, and the Holy Mosque within 30 minutes.
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• Construction

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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• Construction
• Power

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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• Oil & Gas

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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• Oil & Gas

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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• Power

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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• Water