February 5, 2026
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News

Finance

Rabigh 2 Solar IPP: Aljomaih Energy Achieves $220M Financial Close for 300MW Plant

June 1, 2025 Mohammad S
Aljomaih Energy and Water Company, Saudi Arabia announced that its consortium with France’s TotalEnergies Renewables has achieved financial close on the 300 megawatt (MW) Rabigh …
Oil and Gas

HEISCO awarded $45 million Contract from KOC

June 1, 2025 Mohammad S
Heavy Engineering Industries & Shipbuilding Co. K.S.C. (HEISCO), Kuwait announced in a statement that it has awarded a new contract with Kuwait Oil Company (KOC). …
Manufacturing

Johnson Controls Arabia Inaugurates the Kingdom’s Largest YORK Air-Cooled Chiller Production Line

June 1, 2025 Mohammad S
Johnson Controls Arabia, a global leader in Smart Building Controls, and energy efficiency solutions, has inaugurated the first-ever 600-ton air-cooled chiller production line at the …
Hydrogen

Arctech to Supply 175 MW of Solar Trackers for Green Hydrogen Project in Oman

May 31, 2025 Mohammad S
Arctech, the global leader in solar tracking, racking, and BIPV solutions, has signed a strategic contract with ACME Cleantech Solutions Pvt. Ltd. a pure play …
Power

ACWA Power Announces $10 Billion Strategic Investment Partnerships in Malaysia

May 29, 2025 Mohammad S
ACWA Power, Saudi Arabia announced the signing of Memorandum of Understanding (MoU) and Strategic Partnership Agreements (SPA) with key Malaysian entities during the ASEAN-GCC Summit …
Oil and Gas

Wood awarded $100 million Worth Contracts in Iraq

May 29, 2025 Mohammad S
Wood, a global leader in consulting and engineering, announces that it has been awarded a series of decarbonisation contracts with a value of c.$100m for …
Transport

Hafeet Rail and ITAMINAS Partner to Advance Sustainable Logistics Solutions for the Steel Industry

May 29, 2025 Mohammad S
Hafeet Rail, the developer of the cross-border railway project between the Sultanate of Oman and the United Arab Emirates, has signed a cooperation agreement with …
Power

Al Yamamah Steel awarded $44.7 million Contract

May 29, 2025 Mohammad S
Saudi Arabia’s Al Yamamah Steel Industries Co. announced in a statement that it has secured a new contract for the supply of steel towers from …
Oil and Gas

ADNOC Drilling and SLB Partner to Expand Land Drilling Operations in Kuwait and Oman

May 29, 2025 Mohammad S
ADNOC Drilling, UAE announced that it has signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, …
Construction

ROSHN Group Breaks Ground at ALDANAH, Its First Integrated Community in Dhahran

May 28, 2025 Mohammad S
Under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, and in the presence of the His …

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Construction

Saudi Arabia Announces the New Murabba Development Company to Develop the World’s Largest Modern Downtown in Riyadh

February 16, 2023
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the New Murabba Development Company (NMDC), announced today the launch …
Water

East Pipes Company awarded $132.5m Contract from SWCC

March 29, 2022
East Pipes Integrated Company for Industry, Saudi Arabia announced in a statement that it has awarded a new Contract from Saline Water Conversion Corporation (SWCC). …
Construction

Ssangyong E&C Wins $120m Project to Build Luxury Residential Tower in Dubai

March 30, 2023
Ssangyong E&C announced that it was awarded in late January as the sole winning bidder for the PLOT6 Luxury Residential Tower (provisional name) construction project. The …
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