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Home2024February

Month: February 2024

Construction

Sinoma awarded $270.5 Million Eastern Province Cement Expansion Contract

February 29, 2024 Mohammad S
Eastern Province Cement Company, Saudi Arabia announces the signing of a contract for establishing a new production line in the company’s plant with a production …
Manufacturing

Siemens inaugurates New Production Factory in Jeddah

February 29, 2024 Mohammad S
Siemens announces the the inauguration of Modon Oasis Factory in Jeddah, Saudi Arabia H.E. Bandar Alkhorayef, Minister of Industry and Mineral Resources cut the ribbon …
Power

Egypt signs $40 Billion Worth MOUs for green hydrogen, renewable energy projects

February 29, 2024 Mohammad S
Egypt signed seven Memoranda of Understanding (MoUs) in green hydrogen and renewable energy with seven global developers with expected investments worth $41 billion over ten …
Construction

Hassan Allam’s Subsidiary awarded MEP Works for the Saudi’s New Tadawul Tower offices

February 29, 2024 Mohammad S
Hassan Allam Holding announces that its subsidiary Kortech has been awarded the complete Mechanical and Electrical works for the head quarters of one of the …
Construction

Mace to Project Manage Second Stage of Uptown Dubai district

February 29, 2024 Mohammad S
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has appointed Mace, the global consultancy and …
Finance

ACWA POWER announces the signing of financing for the Hassyan IWP

February 29, 2024 Mohammad S
ACWA POWER Co. announces the signing of the financing documents for the 818,280 m3/day (180 Million Imperial Gallon per Day MIGD) Hassyan IWP plant in …
Construction

Zamil Steel awarded significant contract from Bahri Logistics Company

February 27, 2024 Mohammad S
Zamil Steel Pre-Engineered Buildings Company, a subsidiary of  Zamil Industrial, has been awarded a significant contract from Bahri Logistics Company for the construction of the …
Power

UAE’s Masdar Subsidiary breaks ground on two UK sites as part of £1 Billion BESS Investment

February 27, 2024 Mohammad S
Masdar Arlington Energy, a subsidiary of Abu Dhabi Future Energy Company PJSC – Masdar, has broken ground at the sites of two new battery energy …
Oil and Gas

Aramco signs $6 billion Procurement agreements

February 27, 2024 Mohammad S
Aramco, one of the world’s leading integrated energy and chemicals companies, advanced its strategic localization program by signing 40 corporate procurement agreements worth $6 billion …
Oil and Gas

Saudi’s Gas Arabian Services announces the receipt of LOIs for $202.8 million EPC contracts

February 27, 2024 Mohammad S
Gas Arabian Services Co. (GAS), Saudi Arabia announced in a statement that it has received two non-binding letters of intent (LOIs) from Saudi Aramco for …

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Transport

Saudi’s Ceer and Siemens announce collaboration to digitally transform the electric vehicle development process

August 15, 2023
Ceer, Saudi Arabia’s first electric vehicle brand, announced that it is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower Ceer’s …
Power

Al Osais secures the contract of $11.3 million for REPDO Solar PV substations expansion

October 29, 2020
Saudi Electricity Company (SEC) awarded the project “expansion of 132kV Substations to interconnect the Qurayyat and Rafha Solar PV plant to the network”. The Project …
Construction

Oman signed a deal for sohar port expansion study

February 18, 2021
Oman’s SOHAR Port and Freezone signed a Development Agreement with Hutchison Ports Sohar to conduct a study for Sohar Port expansion. As per the statement, …
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