Hydrogen
NEOM Green Hydrogen Project reaches 80% Construction Completion
NEOM Green Hydrogen Company (NGHC) announced that it reached 80% construction completion at the start of Q1 2025 across all project sites — the green …
Month: June 2025
Construction
Lamar Holding Celebrates Abu Ali Housing Groundbreaking with Saudi Aramco
Lamar Holding, Saudi Arabia along with its consortium partner Asyad Group announce the successful ground-breaking ceremony for the Abu Ali housing development, held on 26th …
Construction
Aldar Launches Fahid Island: Abu Dhabi’s First Coastal Wellness Destination Worth AED 40 Billion
UAE’s Aldar unveiled the masterplan for Abu Dhabi’s next iconic island destination, Fahid Island, which has an 11km coastline and a gross development value of …
Transport
Diriyah Company & Kakao Mobility Join Forces for Next-Gen Mobility Solutions
Saudi Arabia’s Diriyah Company, the master developer behind the iconic Diriyah giga project, has signed a Memorandum of Understanding (MoU) with South Korea’s Kakao Mobility, …
Construction
UAE’s Gridora Signs Landmark AED 35 Billion MoU with ADPIC to Boost Transport Infrastructure
UAE’s Gridora, the new infrastructure platform established by ADQ, IHC and Modon Holding, has signed its first Memorandum of Understanding (MoU) with Abu Dhabi Projects …
Finance
Rabigh 2 Solar IPP: Aljomaih Energy Achieves $220M Financial Close for 300MW Plant
Aljomaih Energy and Water Company, Saudi Arabia announced that its consortium with France’s TotalEnergies Renewables has achieved financial close on the 300 megawatt (MW) Rabigh …
Oil and Gas
HEISCO awarded $45 million Contract from KOC
Heavy Engineering Industries & Shipbuilding Co. K.S.C. (HEISCO), Kuwait announced in a statement that it has awarded a new contract with Kuwait Oil Company (KOC). …
Manufacturing
Johnson Controls Arabia Inaugurates the Kingdom’s Largest YORK Air-Cooled Chiller Production Line
Johnson Controls Arabia, a global leader in Smart Building Controls, and energy efficiency solutions, has inaugurated the first-ever 600-ton air-cooled chiller production line at the …