Saudi Arabia’s oil diversification push continues to gain significant momentum as its $700 billion sovereign wealth fund PIF and state oil company Aramco prepare to assume controlling stakes in a number of local football clubs. The Public Investment Fund (PIF) will take control of four of the kingdom’s top soccer clubs including Al-Nassr, which Cristiano […]
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UAE Jobs: Petrofac hiring for engineering and operations roles
Following key contracts in the region, EPC giant Petrofac is hiring for several key roles across projects, engineering and operations across the UAE. Some of the new openings are listed below: Principal Engineer: Mechanical Static and Piping Location: Sharjah, UAE Key responsibilities include supervising and leading a team of engineers and designers in carrying out […]
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Top 5 ongoing refinery projects in the Gulf region
These projects involving over $40 billion investments are likely to give a boost to the region’s refining and petrochemicals industry
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Sheikh Hamdan announces new Dubai AI center as part of $100 billion tech push
Dubai has launched the Dubai Centre for Artificial Intelligence (DCAI), as part of its efforts to establish itself as a leading hub in the $111 billion AI sector. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Future Foundation, announced the launch of the DCAI at Emirates […]
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Iraq, GCCIA inaugurate landmark grid interconnection project
The Gulf Cooperation Council Interconnection Authority (GCCIA) has embarked on the implementation of a new super grid project, connecting the GCC with the southern region of Iraq, according to a press statement. The interconnection project, slated for completion by late 2024, marks the first-ever expansion beyond the electrical grid system of the GCC countries. The […]
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Inside Oman’s $7 billion Duqm refinery and petrochemicals project
Oman’s massive Duqm refinery project is spread over a 9km square-site in Duqm, on the Arabian Sea coast in the Al Wusta Governorate of Oman, Â approximately 600 km south of the capital city Muscat. The project is operated by Oman’s OQ and will primarily produce diesel, jet fuel, naphtha and LPG. Its feedstock will comprise […]
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L&T secures first-ever ‘green guarantee’ for NEOM megaproject
Standard Chartered has provided the first-ever green guarantee for Larsen and Toubro’s (L&T) work on the NEOM Green Hydrogen Co (NGHC) megaproject in Saudi Arabia. The guarantee covers L&T Saudi Arabia’s involvement in designing, supplying locally, constructing, and commissioning renewable and grid packages. International supplies will be handled by L&T’s subsidiary, LTIFZE. The project aims […]
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