NEOM
NEOM Secures $3 billion Financing
NEOM has announced the successful closing of a landmark export credit agency (ECA) financing transaction, with Italy’s SACE, securing approximately USD 3 billion under a …
Year: 2025
Construction
Naz Steel Industries Secures PEB Contract from SIRC for Three Medical Waste Recycling Facilities
The Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), has awarded NAZ Steel Industries (https://nazindustries.com) the contract to design, supply, …
Oil and Gas
ADNOC Gas, JERA Signs $450 million Worth LNG supply agreement
ADNOC Gas plc announced the signing of a $450 million (AED1.653 billion) three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets Pte. Ltd. …
Construction
China State Construction awarded over $272 million Contract in UAE
Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED1 billion to China State Construction Engineering Corporation (Middle East) …
Power
CESI, SEC Subsidiary Signs MoU
CESI Group strengthened its ties with Saudi Arabia by signing a Memorandum of Understanding (MoU) with the Saudi Electricity Project Development Company (PDC), part of …
Power
L&T announced as a preferred EPC Contractor for North Site of World’s First 24/7 Solar PV and Battery Storage Gigascale Project
The renewables business vertical of L&T has been selected by Masdar, as one of the preferred Engineering, Procurement and Construction (EPC) contractors for the north …
Oil and Gas
ADNOC Achieves Industry-Leading Carbon Intensity at Shah Oil Field
ADNOC announced that its onshore Shah Field has achieved an industry-leading carbon intensity of 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent …
Construction
“NovusCrete” Consortium launched for Sustainable Concrete Innovation
A Consortium comprises of several leading entities signs Memorandum of Understanding (MoU) to launch the “NovusCrete” Consortium, aimed at leading innovation in sustainable concrete. The …
Construction
KKR and Gulf Data Hub Form Strategic Partnership
Gulf Data Hub (GDH), one of the largest independent data center platforms in the Middle East focused on serving hyperscale demand across the Gulf countries, …
Construction
Ssangyong E&C awarded $230 million Contract in UAE
Ssangyong Engineering & Construction (Ssangyong E&C), South Korea has announced that it has recently awarded a contract for the construction of the “Immersive Tower” luxury …