December 26, 2025
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Home2024

Year: 2024

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 …
Construction

ROSHN, Aramco to Build Stadium in Khobar

July 31, 2024 Mohammad S
ROSHN, Saudi Arabia’s leading national real estate developer and a PIF company, has announced a collaboration with Aramco, one of the world’s leading integrated energy …
Oil and Gas

UAE: ADNOC’s Offshore SARB Field Commences AI-Enabled Digital Operations

July 31, 2024 Mohammad S
ADNOC announced that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital …
Construction

ROSHN Announces Construction of Iconic 45,000 Seat Stadium in Riyadh

July 31, 2024 Mohammad S
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has announced the development of an iconic 45,000-seat stadium spanning over …

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Oil and Gas

McDermott Awarded Three Offshore Contracts by Saudi Aramco

December 7, 2021
McDermott announced in a statement that it has awarded three new contracts for engineering, procurement, construction and installation (EPCI) from Saudi Aramco. McDermott will provide …
Power

Al-Ahleia awarded $208.7 million 400/132/11kV Substation Contracts in Kuwait

January 14, 2025
Public Authority for Housing Welfare (PAHW), Kuwait awarded two 400/132/11kV Substation Projects in the South Saad Al-Abdullah residential project. The Projects was awarded to Kuwait …
Water

National Water Company commences $400 Million Worth Projects in Jazan

July 7, 2025
The National Water Company (NWC), Saudi Arabia announces that it has begun implementing 19 water and sanitation projects in Jazan region of the company’s Southern …
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