ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwa ..Read More

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, covering eight operational rigs under long-term contracts with national oil companies. This acquisition will accelerate ADNOC Drilling’s expansion in the GCC, enhancing its technological capabilities and operational efficiency. The transaction is subject to regulatory approvals, expected to close by Q1 2026, with full consolidation planned for 2026.
Read Less

• Oil & Gas

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and ..Read More

Wood has secured decarbonisation contracts worth approximately $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields. The company will provide brownfield EPC and modification services to support Iraq’s goal of reducing gas flaring by 78% by end-2025. The projects will be executed by teams in Iraq and the UAE, with 60 new hires planned to support delivery.
Read Less

• Oil & Gas

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s ..Read More

Wood has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the UAE’s first methanol production facility in Al Ruwais Industrial City, Abu Dhabi. Scheduled for completion by 2028, the plant will produce 1.8 million tonnes of methanol annually and utilize cutting-edge clean energy technologies to ensure high energy efficiency. Around 40 Wood consultants will collaborate with TA’ZIZ’s EPC contractor, highlighting Wood’s expertise in large-scale downstream chemical projects in the Middle East.
Read Less

• Petrochemical

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC O ..Read More

ADNOC Drilling, UAE, secured a $1.15 billion 15-year contract for two advanced jack-up rigs to support ADNOC Offshore’s growing operations, with rigs prepared at Sharjah’s Lamprell shipyard. Equipped with AI, digitalization, and real-time analytics, these rigs will enhance efficiency and safety, starting operations in the second half of 2025. This long-term deal strengthens ADNOC Drilling’s revenue visibility and supports the UAE’s energy strategy and economic development.
Read Less

• Oil & Gas

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
Read Less

• Construction
• Manufacturing

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI comput ..Read More

G42, OpenAI, Oracle, NVIDIA, SoftBank, and Cisco have partnered to launch Stargate UAE, a 1-gigawatt AI compute cluster located in the 5-gigawatt UAE–U.S. AI Campus in Abu Dhabi, making it the largest AI infrastructure deployment outside the U.S. The facility, expected to go live in 2026, will be powered by nuclear, solar, and natural gas, and feature NVIDIA’s Grace Blackwell GB300 systems, secure infrastructure by Cisco, and Oracle’s AI-optimized cloud. This initiative supports the U.S.–UAE AI Acceleration Partnership, promoting responsible AI, digital sovereignty, and economic growth.
Read Less

• Construction

At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine ..Read More

At the Make it in the Emirates forum, ADNOC (UAE) awarded AED543 million ($147.8 million) in contracts to nine UAE-based manufacturers, including Al Ghaith Industries and Union Chlorine, for locally made industrial products like PPE, chemicals, valves, and biodiesel. Enabled by its In-Country Value (ICV) programme, these deals aim to boost local manufacturing, reduce import reliance, and create Emirati private-sector jobs. ADNOC plans to locally produce AED90 billion ($24.5 billion) worth of products by 2030.
Read Less

• Oil & Gas

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying ..Read More

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying Valves Co. Ltd at the Make it in the Emirates (MIITE) forum to explore a joint venture for a valve assembly and distribution facility in the UAE, targeting the energy sector. The collaboration leverages NMDC’s regional expertise and aligns with UAE’s industrial growth goals, with NMDC also active in Saudi Arabia, Oman, Taiwan, and Vietnam.
Read Less

• Construction