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Home2023

Year: 2023

Construction

PIF Announces “Al Balad Development Company” to Develop Jeddah’s Historic District

October 3, 2023 Mohammad S
The Public Investment Fund (PIF), Saudi Arabia has announced the establishment of Al Balad Development Company (BDC). The company will become the main developer of …
Power

NESMA awarded Substation Contracts Worth $213 million in NEOM

October 3, 2023 Mohammad S
Nesma Infrastructure & Technology (NIT), Saudi Arabia has won additional projects with the Saudi Electricity Co. to design, build and commission two transmission substations along …
PPP

DEWA and ACWA Power Signs agreements for $914m Hassyan Sea Water Desalination Project

October 3, 2023 Mohammad S
Dubai Electricity and Water Authority (DEWA), signed a 30-year water purchaser agreement with Saudi Arabia’s ACWA Power for phase 1 of the Hassyan sea water …
Oil and Gas

ADNOC, Occidental Signed agreement for direct air capture project in UAE

October 3, 2023 Mohammad S
ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility …
Oil and Gas

Petrofac awarded $615 million Integrated Carbon Capture Projects in UAE

October 3, 2023 Mohammad S
ADNOC Gas plc (ADNOC Gas), UAE, a large-scale integrated gas processing company, announced today it has awarded a $615 million (AED2.26 billion) Engineering, Procurement and …
Construction

Kuwait’s Combined Group awarded $59.4m Infrastructure Contract in UAE

October 2, 2023 Mohammad S
Combined Group Contracting (CGC) Company Emirates L.L.C., a subsidiary of Combined Group Contracting Company, Kuwait announces in a statement that it has awarded a new contract …
Hydrogen

Eden Signs World’s First Agreement to Study and Demonstrate the Potential of Stimulated Geologic Hydrogen in Oman

October 2, 2023 Mohammad S
Eden, a leader in sustainable natural resource recovery, announced that it has signed a Memorandum-of-Understanding with the Oman Ministry of Energy and Minerals (“MEM”) to …
Power

Saudi’s KEIR International awarded $80.53m Project from Saudi Electricity Company

October 2, 2023 Mohammad S
KEIR International, Saudi Arabia announced that it has awarded two contracts with the National Grid SA Company, a subsidiary of Saudi Electricity Company. The combined …
PPP

SWPC issued RFP for 605km Jubail – Buraydah IWTP

October 1, 2023 Mohammad S
Saudi Water Partnership Company (SWPC) announced in a statement that Request for Proposal (RFP) has been issued to the Pre Qualified Bidders of Jubail – …
Construction

DAMAC Awards Key Contracts Worth $160.1m for DAMAC Hills Master Development

October 1, 2023 Mohammad S
DAMAC Properties, a leading real estate developer in the UAE, announces the successful awarding of two significant contracts for its flagship master development, DAMAC Hills. …

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AD Ports to build, develop, operate, maintain terminals at Egyptian Red Sea ports

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