May 2, 2026
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Home2025

Year: 2025

Construction

PIF’s Baheej signs Investment Agreements with the Royal Commission for Yanbu

January 29, 2025 Mohammad S
ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia, has announced the signing of investment agreements between Baheej, …
Power

Penspen signs Renewable Energy-focused framework agreements in Saudi Arabia

January 29, 2025 Mohammad S
Penspen announces a positive finish to the fiscal year with $120 million awarded in new contracts during the second half of 2024, a 14% increase …
Hydrogen

ACWA Power, Snam Signs MOU for Green Hydrogen

January 28, 2025 Mohammad S
ACWA Power, Saudi Arabia, has signed a memorandum of understanding (MoU) with Snam to explore collaboration and joint investments to establish a supply chain of …
Press Releases

Matarat and Egis Honoured with the Global Project Excellence Award for Project Management Excellence

January 28, 2025 Mohammad S
Matarat Holding, in partnership with Egis, a global leader in architecture, consulting, construction engineering and mobility services, has been awarded the distinguished Project Management Office (PMO) …
Tourism

Saudi Arabia Railways and Arsenale Unveil the Final Designs of the “Dream of the Desert”

January 28, 2025 Mohammad S
Saudi Arabia Railways (SAR) and Italian luxury hospitality company Arsenale have officially unveiled the final designs of the Dream of the Desert train, the first …
Construction

Saudi Telecom Company (stc) signs $8.7 billion Contract

January 28, 2025 Mohammad S
Saudi Telecom Company (stc) announces the signing of contract with a Government entity related to telecommunications infrastructure services. The value of the contract is SAR …
Petrochemical

UAE’s Borouge awarded $100 million Supply Contracts

January 28, 2025 Mohammad S
Borouge Plc, UAE, has announced new supply agreements and collaborations valued at over $100 million (AED367 million), reinforcing the company’s leading position in advancing sustainability …
NEOM

NEOM Secures $3 billion Financing

January 28, 2025 Mohammad S
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 …
Construction

Naz Steel Industries Secures PEB Contract from SIRC for Three Medical Waste Recycling Facilities

January 28, 2025 Mohammad S
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

January 27, 2025 Mohammad S
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. …

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Following are the major projects awarded during the month of May 2021 across gulf countries. The projects covers the Power, Water, Construction, Petrochemical and Oil …
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McDermott wins offshore Contract from Adnoc

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12-May-2019, Press Release: US Firm McDermott International, issued a statement that it has been awarded a contract by United Arab Emirates, Abu Dhabi National Oil …
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Saudi Arabia: New Murabba announces major progress

October 20, 2024
New Murabba, a PIF Company, announced major progress in the creation of this groundbreaking urban destination. Excavation at the iconic Mukaab and surrounding podium sites …
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