MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 c ..Read More

MATARAT Holding, in collaboration with the National Center for Privatization & PPP, announced the list of 90 companies (46 local, 44 international) that submitted Expressions of Interest for the Taif International Airport project. The new airport, located 21 km southeast of the existing facility, will handle 2.5 million passengers by 2030. The project, aligned with Saudi Vision 2030 to boost the aviation sector, will follow a Build-Transfer-Operate (BTO) model with a 30-year contract duration.
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• Construction
• Transport

Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion inves ..Read More

Alat and Lenovo have broken ground on a new manufacturing hub in Riyadh, Saudi Arabia, with a $2 billion investment to produce “Saudi Made” laptops, desktops, and servers at a 200,000 sqm site in the Special Integrated Logistics Zone (SILZ), starting production in 2026. This initiative aligns with Saudi Arabia’s Vision 2030, creating up to 15,000 direct and 45,000 indirect jobs, contributing $10 billion to non-oil GDP by 2030. Lenovo will also establish a regional headquarters in Riyadh and expand its R&D and marketing presence across the MEA region, enhancing supply chain resilience and supporting regional growth.
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• Manufacturing

Saudi Electricity Company (SEC) signed an MoU with Hitachi Energy to adopt SF6-free electrical switches and ci ..Read More

Saudi Electricity Company (SEC) signed an MoU with Hitachi Energy to adopt SF6-free electrical switches and circuit breakers, reducing greenhouse gas emissions. The agreement, signed in Riyadh, aligns with Saudi Arabia’s clean energy transition, offering environmentally friendly alternatives for high- and medium-voltage equipment while maintaining performance and safety. This collaboration supports SEC’s efforts to develop sustainable infrastructure and minimize the environmental impact of energy systems.
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• Power

SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, ..Read More

SWPC announced the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh, valued at SAR 1.8 billion. Developed by a Miahona, BESIX, and Marafiq consortium under the BOOT model, the 200,000 m³/day plant includes a 32 km transmission system, pumping station, and 200,000 m³ storage tanks. The project supports Saudi Arabia’s environmental goals, with commercial operations starting in Q4 2026 under a 25-year agreement.
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• Finance
• Water

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) wit ..Read More

Saudi Power Procurement Company (SPPC) has issued an RFP for Group 1 Battery Energy Storage Systems (BESS) with a combined capacity of 2,000 MW/8,000 MWh across four locations in Saudi Arabia. The bid submission deadline is June 2, 2025, and projects will follow a BOO model with 15-year Storage Services Agreements. This initiative supports Vision 2030, aiming for 50% renewable energy by 2030, with 10,100 MWac of solar and wind projects already tendered in KSA.
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• Power
• PPP

Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, locate ..Read More

Saudi Water Partnership Company signed agreements for the Ras Mohaisen Independent Water Plant Project, located in Al-Qunfudhah, Makkah Region, with a capacity of 300,000 cubic meters/day of desalinated water. Set to begin operations in Q1 2028, the BOO project will use reverse osmosis technology to enhance efficiency and reduce costs. 44 companies showed interest, with ACWA Power, Hajj Abdullah Ali Reza & Partners, and Al-Kifah Holding Company winning the bid. This initiative aligns with Vision 2030, increasing private sector participation in water infrastructure.
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• PPP
• Water

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osm ..Read More

ACWA Power signed a SAR 2.5 billion Water Purchase Agreement (WPA) with SWPC for a 300,000 m³/day reverse osmosis desalination plant at Ras Mohaisen, Saudi Arabia. The project includes 600,000 m³ potable water tanks and will be developed under a 25-year contract. ACWA Power holds a 45% stake, with the plant located 300 km south of Makkah on the Red Sea coast.
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• Water

ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah ..Read More

ROSHN Group, Saudi Arabia’s leading real estate developer and a PIF company, secured a SAR 2 billion Shariah-compliant credit facility from Saudi National Bank for seven years to finance the acquisition of ROSHN Front. This acquisition expands ROSHN into commercial and retail sectors, with ROSHN Front attracting over 7 million visitors annually. The property includes 81,800 sqm of retail space and 78,900 sqm of business space, enhancing tenant experience and boosting long-term growth.
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• Finance