News

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 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 …

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, …

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. …

China State Construction awarded over $272 million Contract in UAE

January 27, 2025 Mohammad S

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) …

CESI, SEC Subsidiary Signs MoU

January 27, 2025 Mohammad S

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 …

L&T announced as a preferred EPC Contractor for North Site of World’s First 24/7 Solar PV and Battery Storage Gigascale Project

January 27, 2025 Mohammad S

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 …