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Home2024August

Month: August 2024

Oil and Gas

Saudi Steel Pipe awarded SAR 138m supply contract from Aramco

August 5, 2024 Mohammad S
Saudi Steel Pipe Co. (SSP) announced in a statement, that it has secured the contract for supply of oil and gas steel pipes from Saudi Aramco. …
Oil and Gas

UAE: Emarat Al Oula Industries Secures $70.7 million Landmark Contract

August 3, 2024 Mohammad S
ASMEF/EAI management team is proud to announce that Emarat Al Oula Industries (EAI) has been awarded a significant contract by Marie Tecnimont Italy. This contract, …
Construction

Oman: DEME and OQ join forces with bp for HYPORT Duqm project

August 2, 2024 Mohammad S
DEME and OQ recently reached an agreement to have bp as an equity partner and operator in the HYPORT Duqm project. bp will acquire a …
Construction

UAE’s DAMAC Signs the Main Works Contract for DAMAC Harbour Lights

August 2, 2024 Mohammad S
DAMAC Properties announces the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This …
Manufacturing

Saudi’s MAKEEN, Hyundai Signs License Agreement for HiMSEN dual fuel engines

August 1, 2024 Mohammad S
In a significant step to strengthen industrial capabilities in the Kingdom, Saudi Engines Manufacturing Company (MAKEEN) and HD Hyundai Heavy Industries have signed a license …
Finance

Saudi’s PIF Signs MOU worth $50 billion with leading financial institutions

August 1, 2024 Mohammad S
PIF announced in a statement that it has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading financial institutions. These MoUs …
Construction

Saudi’s MODON Signs Contracts Worth $266.6 million to Develop Industrial Cities

August 1, 2024 Mohammad S
The Saudi Authority for Industrial Cities and Technology Zones (MODON) has recently sealed nine substantial contracts with the private sector, totalling over SAR1 billion. These …
Construction

Parsons Awarded over $160 million Contracts in Saudi Arabia

August 1, 2024 Mohammad S
Parsons announces as part of Second Quarter results for 2024, that it has awarded new contracts in Saudi Arabia. The value of the contracts are …

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Water

Saudi Arabia invites EOI for Privatization of Ras Al-Khair Integrated Desalination and Power Plant

June 14, 2020
Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has invited firms to submit expressions of interest (EOI) for the privatization of the existing Ras Al-Khair (RAK) …
Construction

Sinoma awarded $330m contract from Saudi Southern Province Cement

May 19, 2023
Southern Province Cement Company, Saudi Arabia announced in a statement that it has signed a deal with Sinoma International Engineering Company to build a new …
Power

ACWA Power to develop 1GW wind energy and battery storage project in Kazakhstan

March 3, 2023
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has announced a ground-breaking partnership agreement …
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