Power
ACWA Power Signs Share Purchase Agreement with ENGIE
ACWA Power has announced the signing of a Share Purchase Agreement (SPA) with the regional subsidiary of French utility developer ENGIE, to acquire assets at …
Month: February 2025
Finance
Oman’s Be’ah Signs $132million Financing Agreement with Ahli Islamic Bank
Oman Environmental Services Holding Company (Be’ah) signed a financing agreement with Ahli Islamic Bank to implement the second phase of the industrial waste treatment facility …
Construction
Saudi Arabia Launches EOI for Logistics Zone Development in Dammam
Saudi Authority for Industrial Cities and Technology Zones “MODON”, in collaboration with the National Center for Privatization & PPP (NCP), announces the launch of the …
Oil and Gas
EnerMech Awarded Five-Year Contract Extension in Qatar
EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services, building upon a strong relationship …
Power
Saudi Electricity Company, ACWA Power Signs Agreement for 3,010 MW Qurayyah IPP Expansion Project
ACWA Power Company, Saudi Electricity Company (SEC) and Haji Abdullah Alireza & Co. Ltd announces the signing of a PPA with the Saudi Power Procurement …
Construction
Parsons Awarded $475million Contracts in Saudi Arabia, UAE
Parsons announces as part of Fourth Quarter results for 2024, that it has awarded two contracts in Saudi Arabia and once Contract in UAE. The …
Power
ELSEWEDY ELECTRIC awarded 110/13.8 kV Substation in Jeddah
ELSEWEDY ELECTRIC Power System Projects, PSP announces the award of Jawharat Al Aros 110/13.8 kV Substation in Jeddah, Kingdom of Saudi Arabia. This milestone project …
Power
Al Yamamah Steel awarded $30 million Contract
Saudi Arabia’s Al Yamamah Steel Industries Co. announced in a statement that it has secured a new contract for the supply of steel towers from …
Oil and Gas
Kuwait Oil Company, Baker Hughes Signs MOU
Baker Hughes announces that it has signed a MOU with Kuwait Oil Company (KOC). As part of the MOU, the company will establish a research …
Power
Mitsubishi Power Advances Bahrain’s Combined Cycle Power Plant Project
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), announced the successful completion of the Power Station 5 Block 4 gas turbine …