Construction
Oman: DEME and OQ join forces with bp for HYPORT Duqm project
DEME and OQ recently reached an agreement to have bp as an equity partner and operator in the HYPORT Duqm project. bp will acquire a …
News
Construction
UAE’s DAMAC Signs the Main Works Contract for DAMAC Harbour Lights
DAMAC Properties announces the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This …
Manufacturing
Saudi’s MAKEEN, Hyundai Signs License Agreement for HiMSEN dual fuel engines
In a significant step to strengthen industrial capabilities in the Kingdom, Saudi Engines Manufacturing Company (MAKEEN) and HD Hyundai Heavy Industries have signed a license …
Finance
Saudi’s PIF Signs MOU worth $50 billion with leading financial institutions
PIF announced in a statement that it has signed six memorandums of understanding (MoUs) worth up to $50 billion with leading financial institutions. These MoUs …
Construction
Saudi’s MODON Signs Contracts Worth $266.6 million to Develop Industrial Cities
The Saudi Authority for Industrial Cities and Technology Zones (MODON) has recently sealed nine substantial contracts with the private sector, totalling over SAR1 billion. These …
Construction
Parsons Awarded over $160 million Contracts in Saudi Arabia
Parsons announces as part of Second Quarter results for 2024, that it has awarded new contracts in Saudi Arabia. The value of the contracts are …
Construction
ROSHN, Aramco to Build Stadium in Khobar
ROSHN, Saudi Arabia’s leading national real estate developer and a PIF company, has announced a collaboration with Aramco, one of the world’s leading integrated energy …
Oil and Gas
UAE: ADNOC’s Offshore SARB Field Commences AI-Enabled Digital Operations
ADNOC announced that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital …
Construction
ROSHN Announces Construction of Iconic 45,000 Seat Stadium in Riyadh
ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has announced the development of an iconic 45,000-seat stadium spanning over …
Water
Oman: Galfar awarded $90.9 million Contract
Galfar Engineering & Contracting SAOG, Oman announced in a statement that it has awarded the project, “Expansion of Raysut Water Reclamation Plants – Phase III …