Saudi Arabia and France have signed 24 agreements worth $2.9 billion at the France-Saudi Investment Forum, Zawya reported, citing the Saudi Press Agency. The deals were inked across several sectors including energy, manufacturing, aviation, and healthcare. Major agreements include:
Author Archives: Faiza Rizvi
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Qatar says ‘hot competition’ for $30 billion North Field East partnership
Qatar’s state owned energy giant, QatarEnergy, has engaged in talks with several Asian nations to take an equity stake in Qatar’s massive $30 billion North Field East expansion project. “There is a hot competition to associate with the prestigious North Field expansion project,” al-Kaabi told Gulf Times at a media event at the QatarEnergy headquarters. […]
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Missing Titanic submarine: TechnipFMC’s deepsea vessel joins rescue operations
TechnipFMC’s deepsea vessel earlier this week joined the search and rescue operation for the missing Titanic tourist submarine. The submarine, which was en route to the Titanic wreckage, went missing with five people onboard. The US Coast Guard and Navy are working around the clock in this complex operation to locate the submarine. “We are working closely […]
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Saudi Arabia: Flying taxi makes debut in futuristic city NEOM
This marks the first time an electric vertical take-off and landing aircraft performed test flights in Saudi Arabia
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L&T awards solar trackers contract for NEOM hydrogen megaproject
India’s Larsen & Toubro (L&T) has awarded a contract to Spain-headquartered PVH to supply solar trackers for the world’s largest green hydrogen project in NEOM, Saudi Arabia. The plant, owned by NEOM Green Hydrogen Co (NGHC), is located at Oxagon within NEOM. NGHC is an equally owned joint venture between ACWA Power, NEOM, and US-based Air […]
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Oman signs $10 billion deals for green hydrogen projects
Hydrogen Oman (Hydrom), an Energy Development Oman subsidiary, has signed major agreements with international consortium to develop two green hydrogen projects in Al Wusta. The two agreements represent a total investment value of $10 billion, Zawya reported, citing the Oman News Agency. The total estimated production of the two projects will be 250,000 metric tonnes of […]
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Saudi Arabia presents $8 billion plan to host Expo 2030
Saudi Arabia has presented its plan for hosting Expo 2030 to the General Assembly of the Bureau International des Expositions (BIE), which is taking place in the French capital, Paris. With a budget allocation of $7.8 billion and a theme of global togetherness it sets out a wide-ranging plan for the Expo 2030 event. Minister of Foreign Affairs, […]
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Kuwait awards multi-million contract for gas plant
Kuwait Oil Tanker Co (KOTC), announced in a statement that it has awarded a solar energy contract for gas factories at Um AlAish and Shuaiba. The project contract has been awarded to Kuwait’s Life Energy Co. and is worth $6.35 million. The scope of work includes design, construction, operation, and maintenance of the electric power […]
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ADNOC makes $11 billion offer to take over German chemicals firm
Abu Dhabi National Oil Co (ADNOC) has approached German plastics and chemicals maker Covestro with an acquisition proposal worth more than $10.9 billion, Reuters reported, citing two people familiar with the matter. The energy giant has made an informal offer to Covestro, a maker of transparent polycarbonate plastics, as well as chemicals for insulation and […]
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Oman’s OQ signs 10-year LNG supply deal with Bangladesh
Oman’s OQ Trading has signed a new long-term LNG deal with Bangladesh state-owned Petrobangla to supply up to 1.5 million tonnes per annum of LNG from 2026. Under the new government-to-government deal, state-owned OQ will supply at least four LNG cargoes to Bangladesh starting in 2026, further increasing supplies to 16 cargoes in both 2027 […]
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