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Home2025

Year: 2025

Power

ACWA Power and Envision Energy Announced Seven-year Framework Agreement

November 6, 2025 Mohammad S
Envision Energy, a global leader in green technology, announced a seven-year Framework Agreement with ACWA Power, the world’s largest private water desalination company, leader in …
Finance

1,400 MW: Firms announces Financial Close for Al Masa’a and Al Henakiyah-2 Solar Power Plant

November 6, 2025 Mohammad S
A consortium led by EDF Power Solutions and SPIC Huanghe Hydropower Development Co., Ltd. (SPIC HHDC), in partnership with Saudi Aramco Power Company (SAPCO), a …
Petrochemical

TA’ZIZ and India’s Sanmar Group Signs Landmark Offtake Agreement

November 6, 2025 Mohammad S
UAE’s TA’ZIZ announced the signing of two product sale agreement term sheets with The Sanmar Group, a leading global producer of polyvinyl chloride (PVC) and …
Construction

UAE’s Arada awards AED 145 Million Contract to Build Landscaped Sports Complex

November 6, 2025 Mohammad S
Arada has awarded a contract valued at AED145 million to build a landscaped sports complex at its AED35 billion Sharjah megaproject Aljada. Spread over a …
Manufacturing

Arctech Marks Completion of Jeddah Factory Phase II, Strengthening Localization and Industrial Collaboration in Saudi Arabia

November 5, 2025 Mohammad S
Arctech, a leading global manufacturer and supplier of solar tracking, racking, and BESS solutions, has officially completed construction of Phase II of its Jeddah manufacturing …
AI and Data Center

Microsoft, G42 announces 200 MW Datacenter Project in UAE

November 5, 2025 Mohammad S
As part of Microsoft’s $15.2 billion investment announcement in the UAE, Microsoft and G42 are deepening their strategic partnership to accelerate the nation’s digital transformation. …
Oil and Gas

UAE’s ADNOC awards $14.7 Billion Worth of Contracts in Second Half of 2025

November 5, 2025 Mohammad S
ADNOC has announced AED54 billion ($14.7 billion) worth of contracts awarded to UAE suppliers in the second half of 2025, as it showcased new business …
Construction

Knowledge Economic City awards SAR 149 Million Construction Contracts

November 5, 2025 Mohammad S
The Knowledge Economic City (KEC) announces the signing of a contract for the construction of structural and embedded mechanical, electrical, and plumbing (MEP) works for …
Oil and Gas

ABB awarded Major Contract for ADNOC’s Ruwais LNG facility

November 5, 2025 Mohammad S
ABB announces that it has been selected to provide advanced automation, electrical and digital solutions for ADNOC’s Ruwais LNG facility, 230 kilometers west of Abu …
Power

Rolls-Royce awarded Power Generators Supply Contract in Kuwait

November 5, 2025 Mohammad S
Rolls-Royce is supplying seven mtu backup-power generators to expand the energy infrastructure at Kuwait International Airport. The 20-cylinder Series 4000 DS 3600 diesel generators will …

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Saudi Arabia signs PPA for 1,700MW Solar PV Projects

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The Saudi Power Procurement Company (SPPC) has signed the Power Purchase Agreement (PPA) for 3 Solar IPPs as part of the fifth round of solar projects …
Hydrogen

ACWA Power signs agreement to develop Green Hydrogen Project in Egypt

December 20, 2023
Saudi-listed ACWA Power, announced in a statement that it has signed the framework agreement, following the MoU that was signed in 7th of December 2022 …
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Construction Contract $1.92 billion awarded for world’s tallest Tower in Jeddah

October 2, 2024
Kingdom Holding Company (KHC) announces that Jeddah Economic Company, an associate company, has signed an agreement  to resume the construction of Jeddah Economic Company Tower …
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