Kalyon Insaat has been awarded a $546 million contract to construct a 188.46-mile (303.3 kms) gas pipeline in Romania. The pipeline will transport 15 Bcm of natural gas from terminals in Turkey and Greece to Romania and the Caspian Sea region. Known as the Tuzla-Podisor pipeline, it will connect the Neptune Deep block to the […]
Author Archives: Baset Asaba
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UAE’s TAQA acquires SWS Holding in $463 million mega transaction
UAE’s utility giant Abu Dhabi National Energy Company (TAQA) has announced the full acquisition of SWS Holding following a deal worth AED 1.7 billion ($463 million), according to a press statement by the company. The acquisition will create a vertically integrated player with strong water treatment capabilities and a commitment to operational efficiency and customer […]
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Dubai’s Shiekh Hamdan approves $22 billion massive sewerage system plan
Dubai has given the green light to a monumental $21.8 billion sewerage system plan that will serve the city for the next century and further positioning it as one of the world’s most modern and sustainable cities. The ambitious project, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and […]
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Revealed: Iraq announces details of oil and gas licensing round
Iraq’s Ministry of Oil has unveiled the locations of the 11 exploration sites for the sixth licensing round, clarifying the eligibility criteria for participating companies, according to press reports. All the exploratory sites for this licensing round are located in the western region. Muhammad Al-Saadi, Assistant Director General of the Petroleum Contracts and Licenses Department […]
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Bahrain receives bids from contractors for Jasra substation
Bahrain‘s Electricity and Water Authority (EWA) has received proposals from six bidders for the 220kV feeder cable works of the new 400kV Jasra Grid Substation, according to reports. The scope of the tender includes the design, manufacturing, supply, transportation, civil works, installation, jointing, and testing of various cable circuits. The tender notification states that the […]
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Qatari companies to invest $9.5 billion in Iraq’s infrastructure projects
Qatari companies have entered into agreements with Iraq’s National Investment Commission to undertake projects valued at $9.5 billion, including the construction of two power plants with a combined capacity of 2,400 megawatts (MW), according to press statements released on Sunday. UrbaCon Trading & Contracting Company (UCC Holding) and the investment commission signed a 25-year public-private […]
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Dubai inaugurates world’s largest solar park
The fifth phase of the project will provide clean energy to 270,000 residences in Dubai
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Bahrain issues Golden Licence to firms with $1.4 billion project investments
Bahrain has awarded its first five exclusive Golden Licences to major projects, collectively injecting over $1.4 billion into the Kingdom’s economy. The coveted Golden Licences have been granted to prominent entities including Citi, Eagle Hills Diyar, Infracorp, Saudi Telecommunication Company, and Whampoa Group. The development is expected to generate more than 1,400 job opportunities within […]
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Kuwait to replace expats with nationals starting next month: Report
Kuwait has intensified its crackdown on foreign workers in its latest localisation drive that will see nearly 150 Kuwaiti citizens replacing expat workers in cooperative societies. According to insider sources cited by Al-Qabas daily, this move aims to address challenges highlighted by the Demographics Amendment Committee and pave the way for a more Kuwaiti-centric workforce. […]
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Saudi Arabia’s SABIC awards major contract for $76 million solar project
Saudi Arabia’s chemical company SABIC has awarded a lucrative contract to Spanish utility Iberdrola for the development of a 100 MW captive solar plant for SABIC’s industrial complex in Spain. The photovoltaic (PV) solar project will have an investment of $76 million. The power plant will be located on land owned by SABIC in the […]
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