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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

UAE’s ADNOC and AIQ Developing AI Solution for Global Energy Transformation

November 4, 2024
ADNOC and AIQ announced the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation. ENERGYai will combine …
Power

Saudi Arabia Signs Agreements for 7,200 MW IPP Projects

November 14, 2023
The Saudi Power Procurement Company (SPPC) has signed the Power Purchase agreements for the projects of Taiba 1-2 and Qassim 1-2 power plants and approves the …
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Power

Saudi’s PIF and LONGi Signed Agreement for Solar PV Products and Services

January 4, 2023
Saudi Arabia’s Public Investment Fund (PIF) announced in a statement that, PIF and LONGi Green Energy Technology Co., Ltd. signed a Joint Development Agreement (JDA). …
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