In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
News
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King Salman Energy Park awards $150 million contracts for workers village
Saudi Arabia’s King Salman Energy Park (SPARK) has reached an agreement with Affordable House Co, a subsidiary of Abdullah M. Bin Saedan & Sons Real Estate Group, to build a residential complex and workers village within the key industrial facility located in the Eastern Province. The development will incorporate sustainable construction technologies, smart systems and […]
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L&T secures multiple ‘significant’ EPC contracts
The Power Transmission & Distribution Business of L&T Construction has secured multiple EPC orders in India and overseas, the company announced today. The Renewables arm of the business has received an EPC contract for what is being said is one of the largest floating solar parks in the world. The company will establish a 90MW Floating […]
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Oman signs long-term LNG supply agreements with Japan
The contracts will run over five and 10 years, beginning in 2025
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Saudi Arabia eyes $3.3 trillion deals with Japan by 2030
Saudi Minister of Investment Khalid Al-Falih said in a recent statement that Saudi Arabia is targeting $3.3 trillion worth of investments with Japan by 2030, and wants to build more than 500,000 electric cars annually by the end of the decade On the sidelines of the Saudi Japan Investment Forum held in Riyadh, Al-Falih added that the […]
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Oman awards $500 million LNG contract
Asyad Shipping, part of Oman’s state-owned Asyad Group, has signed an agreement with South Korean shipyard Hyundai Samho Heavy Industries for the construction of a pair of state-of-the-art LNG carriers. State-owned Asyad Group noted in a post that the agreement signing, covering the supply of two new fifth generation LNG carriers, represents “another landmark in […]
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Saudi Arabia to build $27 million logistics park in Dammam
The move comes as the world’s largest exporter of crude oil focuses on economic diversification
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