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Home2025February

Month: February 2025

Power

Saudi Electricity Company, Hitachi Energy Signs MOU for Non SF6 Gas Technology Switchgear

February 8, 2025 Mohammad S
Saudi Electricity Company (SEC) signed a memorandum of understanding (MoU) with Hitachi Energy to adopt advanced technology for electrical switches and circuit breakers that are …
Construction

L&T and Power China awarded Key Railway Facilities Contract in Oman

February 8, 2025 Mohammad S
Hafeet Rail, a Oman-UAE railway project, has awarded the construction contracts for its key railway facilities in Oman to Larson & Toubro (L&T) and Power …
Finance

SWPC announces financial close of Al-Haer Independent Sewage Treatment Plant

February 8, 2025 Mohammad S
The Saudi Water Partnership Company (SWPC) announces the achievement of the financial close of the Al-Haer Independent Sewage Treatment Plant (ISTP) project in Riyadh. The …
Oil and Gas

Técnicas Reunidas awarded $3.39 billion Contract in UAE

February 6, 2025 Mohammad S
Técnicas Reunidas, Spain announced in a statement that it has secured a new Oil & Gas contract in UAE. The value of the contract is …
Water

ACWA Power Signs Ras Mohaisen IWP Agreement

February 5, 2025 Mohammad S
ACWA Power Co. announces signing a water purchase agreement (WPA) between Ras Mohaisen First Water Desalination Company, (the project company), and the Saudi Water Partnership …
Power

Saudi Arabia issues RFP for 2,000 MW Battery Energy Storage Systems

February 5, 2025 Mohammad S
Saudi Power Procurement Company (SPPC) issued the Request for Proposals (RFP) to the  Qualified Bidders for Group 1 Battery Energy Storage Systems (BESS). The Combined …
Construction

Oman awards Contract Worth $377.3 million

February 5, 2025 Mohammad S
The Tender Board, Oman held its first meeting of the year (2025) during which it awarded a number of tenders and additional works complementing development …
PPP

SWPC Signs $693 million Worth Ras Mohaisen Independent Water Plant Project

February 5, 2025 Mohammad S
Under the patronage and in the presence of His Royal Highness Prince Dr. Hussam bin Saud bin Abdulaziz, Emir of Al-Bahah Region, His Excellency, the …
Finance

ROSHN Group Secures SAR 2 Billion Credit Facility from Saudi National Bank

February 5, 2025 Mohammad S
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has agreed a two billion Saudi Riyal Shariah-compliant credit facility with …
Manufacturing

L&T awarded a Major Expansion Project for a reputed Steel Producer

February 4, 2025 Mohammad S
The Minerals & Metals (M&M) business vertical of L&T will set up a Pellet Plant and a Direct Reduction of Iron (DRI) Plant for a …

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Parsons secured engineering services of Al Fateh Highway upgrade

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Parsons Global Services Limited secured the contract for engineering services of Al Fateh Highway upgrade in Bahrain. The project awarded by Ministry of Works, Municipalities …
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Al Yamamah Steel awarded $30 million Contract

February 19, 2025
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

ADNOC Drilling awarded over $3.4 billion contracts

August 4, 2022
Abu Dhabi National Oil Company (ADNOC) announced two contracts totaling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Drilling to hire 8 …
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