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MEED Business Review: October 2024. Riyadh intensifies the hunt for investment; Saudi ambitions shift to meet market realities; More local firms debut in power developer ranking top 10; and much more in the latest issue: Riyadh redoubles efforts to boost inward investment. Foreign investment trends align with Vision 2030.
Neom awards multibillion-dollar dam deal - MEED
Jan 15, 2024 · This is the second major contract awarded for the development at Trojena. In October, Neom awarded a SR4.5bn ($1.2bn) infrastructure development contract at Trojena to a joint venture of the local Al-Ayuni Investment & Contracting and Turkish Limak Holding.. The contract scope covers the construction of a tunnel and freight depot, and excavation works at Trojena, a mountain destination 50 ...
MEED | Riyadh sets February deadline for metro Line 7
Jan 25, 2024 · The Royal Commission for Riyadh City (RCRC) has extended the deadline to 15 February for companies to prequalify for the tender to design and build the next phase of the Riyadh Metro project. MEED previously reported that contractors have formed teams to bid for the project. The teams, each of which contains a rolling stock supplier, include:
Analysis - MEED
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Team wins Trojena infrastructure deal - MEED
Oct 17, 2023 · It will be 198 metres high, 253 metres wide and 864 metres long. The total surface area of the project is 200,000 square metres. Al-Ayuni Investment & Contracting won contracts for earthworks and the construction of access roads for the Trojena dams scheme. The three dams, which together could cost about $2bn to complete, will be used to create ...
Neom to tender construction work for The Line - MEED
20 December 2023By Yasir Iqbal. The upcoming work covers the construction of rafts and basements on five modules of the hidden marina. Register for MEED’s guest programme. Neom plans to start issuing tender documents for construction work on The Line before the end of this year. The gigaproject developer recently revealed the expected ...
Contractors complete Aramco gas plant - MEED
Contractors working on the various packages of Saudi Aramco’s Fadhili gas processing plant have completed engineering, procurement and construction (EPC) works on the $6.5bn project.. The Fadhili gas processing complex is being built 30 kilometres southwest of the existing Khursaniyah gas plant in Saudi Arabia’s Eastern Province, and will have the capacity to process 2.5 billion cubic feet ...
MEED | Riyadh to start prequalifying for four IPP projects
Saudi Arabia’s power offtaker is expected to start the prequalification process for four gas-fired independent power producer (IPP) projects shortly. According to industry sources, each of the four IPPs will have a power generation capacity of 1,800MW. Remah 1 and 2, previously known as PP15, will be located in Saudi Arabia’s Central Region ...
MEED | Market snapshot of Mena oil and gas
Jun 27, 2024 · Key points: > HISTORICAL CONTRACTS: 2023 had the highest value of oil and gas contracts awarded over the past decade > CONTRACT AWARDS: Adnoc’s Hail & Ghasha sour gas development onshore and offshore packages lead the UAE’s 2023 project awards > CONTRACTOR RANKING: Abu Dhabi’s NMDC Energy and Saipem were awarded the contract for the Hail and Ghasha sour gas development offshore package ...
Saudi Arabia - MEED
4 days ago · Saudi Arabia issues Jeddah-Mecca highway PPP notice. Yasir Iqbal. 07 October 2024.