March 29, 2026
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News

Petrochemical

Wood awarded PMC Contract for UAE’s First Methanol Production Facility

May 27, 2025 Mohammad S
Wood announces that it has secured a contract from TA’ZIZ, UAE to provide project management consultancy (PMC) for the development of the UAE’s first methanol …
Oil and Gas

ADNOC Drilling awarded $1.15 billion Contract

May 27, 2025 Mohammad S
ADNOC Drilling Company, UAE announced the award of a 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. …
Construction

Egis awarded Key Contract for Riyadh Integrated Phase 1 Infrastructure

May 27, 2025 Mohammad S
Egis, a global leader in architecture, construction engineering, consulting and operations and maintenance services, has announced that it will serve as a Package Administration and …
Construction

Samsung C&T and Qatar Free Zone Authority Signs MOU

May 26, 2025 Mohammad S
Samsung C&T announced that it has signed a Memorandum of Understanding (MoU) with Qatar Free Zone Authority (QFZA) at the Ras Bufontas Business Innovation Park in Doha, …
Construction

Oman Signs Agreement to Develop, Operate First Phase of Al Rawdha Special Economic Zone

May 26, 2025 Mohammad S
The Public Authority for Special Economic Zones and Free Zones (OPAZ), Oman and Mahdah Development Company (an Omani-Emirati partnership) signed an agreement to develop and …
Oil and Gas

Saudi Arabia and Kuwait Announce New Oil Discovery in the Partitioned Zone

May 26, 2025 Mohammad S
The Governments of the Kingdom of Saudi Arabia and the State of Kuwait announced that Wafra Joint Operations have made a new oil discovery in …
Oil and Gas

NesmaKent Energy awarded PMC contract from Aramco

May 26, 2025 Mohammad S
NesmaKent Energy Company (NKJV), a pioneering joint venture between Nesma & Partners (N&P) and Kent, announces that it has signed a strategic contract with Aramco …
Construction

Oman Signs Tourism Contracts Worth More Than $145 Million

May 25, 2025 Mohammad S
The Ministry of Heritage and Tourism, Oman signed three usufruct contracts, worth more than RO 56 million, to establish two integrated tourism complexes in the …
Construction

ROSHN Group Launches ROSHNEXT to Drive Innovation in the Real Estate Industry

May 25, 2025 Mohammad S
ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a PIF company, has launched the ROSHNEXT, the Group’s innovation arm. The program is designed …
Construction

Sumou Real Estate Company Signs $181.3 million Residential Project in Makkah

May 25, 2025 Mohammad S
Sumou Real Estate Company, Saudi Arabia announces the signing of development agreement of Areem Makkah project with National Housing Company to build residential units (villas). …

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Hydrogen

Oman Signed $10bn Agreements for Green Hydrogen Projects

June 22, 2023
Eng Salim bin Nasser Al Aufi, Minister of Energy and Minerals (MEM) and Chairman of the Board of Directors of Hydrom, a subsidiary of Energy …
AI and Data Center

ADNOC and SLB launches AI-powered solution to boost upstream productivity

November 4, 2025
UAE’s ADNOC and SLB announced the launch of an artificial intelligence (AI)-powered Production System Optimization (AiPSO) platform with initial deployment across eight fields. The launch …
Finance

Masdar Achieves Financial Close on Uzbekistan’s 500MW Wind Project

September 3, 2022
Masdar, UAE, announced that it has achieved financial close on the 500-megawatt (MW) Zarafshan wind project – Uzbekistan’s first utility-scale wind farm. The announcement was …
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