The Saudi Ports Authority (MAWANI) has announced plans to construct a fuel supply center for ships, with an estimated cost of 2 billion riyals ($533 million), according to a media report. MAWANI has signed an agreement with the Ministry of Energy to establish a comprehensive bunkering center at King Fahd Industrial Port in Yanbu, situated […]
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Schneider Electric opens new manufacturing facility in Riyadh
Schneider Electric has opened a new production line in Riyadh, the capital city of Saudi Arabia. This production line will manufacture hardwares that will enhance the kingdom’s energy efficiency and sustainability efforts. The establishment of this production line aligns with Saudi Arabia’s Vision 2030, which aims to position the country as a prominent global manufacturing […]
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Veolia secures $324 million EPC contract for Abu Dhabi’s Mirfa 2 project
Veolia‘s subsidiary, SIDEM, is leading a consortium that has secured an engineering, procurement and construction (EPC) contract for the Mirfa 2 desalination project in Abu Dhabi. The deal, commissioned by TAQA and ENGIE, is worth nearly $324 million in revenue for Veolia, according to a press statement from the company. The construction of the state-of-the-art […]
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UAE: ADNOC, Kanoo Energy sign strategic manufacturing deals
ADNOC has signed three separate agreements with Kanoo Energy for manufacturing of valves, flanges and establishment of a reverse engineering facility in the UAE, Trade Arabia reported. The products are part of the $19 billion worth of products in ADNOC’s procurement pipeline that the firm identified for domestic manufacturing in July 2022. The agreements were […]
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UAE midday work ban begins today
UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has introduced a work ban during the scorching summer months. Starting today, the ban will be in effect until September 15, Arabian Business reported. Every day, a midday work break will be enforced from 12:30 PM to 3 PM. The Ministry has reaffirmed its commitment to ensuring […]
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Weatherford awarded drilling contract from Saudi Aramco
Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
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Saudi Arabia awards construction contract for dry gas network in Dammam
Saudi Arabia’s Ministry of Energy has announced that the National Gas Co (NATGAS) has been awarded the contract to establish and manage a dry gas network in Dammam Third Industrial City. The city is a prominent industrial hub in the country, housing around 176 existing or upcoming factories, as stated in an Arabic announcement on […]
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Contracting giants line up for ADNOC’s Ruwais LNG megaproject
Contractors have submitted technical bids to ADNOC Gas for its 9.6 mtpa LNG export terminal to be built in Ruwais. The two consortiums are Technip Energies/JGC Corp/National Petroleum Construction Co and McDermott/Saipem/Hyundai Engineering and Construction. The contract, which includes process facilities, flares and utilities, LNG storage tanks, an export jetty with bunkering, and other associated […]
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Aramco awards $7.2 million contract to Arabian Pipes
Dubai-headquartered Arabian Pipes Co was awarded a supply contract worth around $7.2 million by Saudi Aramco, according to a statement to Tadawul. According to the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months. The pipe maker pointed out that the financial impact of the contract will show on Q1 […]
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Jordan eyes $2.5 billion investments in new projects
According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026. The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on […]