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  • EPC contract awarded for Shuaibah 3 independent water plant project, Saudi Arabia

    An engineering, procurement, and construction (EPC) contract has been awarded for the Shuaibah 3 independent water plant project in Saudi Arabia. The contract was awarded to Doosan Enerbility, the South Korean firm formerly known as Doosan Heavy Industries & Construction.

  • Saudi Arabia Leads Contract Awards in GCC

    A recent report on the GCC project market update by Kuwait-based KAMCO showed that the total value of GCC contracts awarded increased by 11.7 percent year-on-year during Q2 in 2022 to reach $22.8 billion, compared to $20.4 billion in Q2 of 2021. Saudi Arabia and Oman reported higher contract awards during the quarter that offset a dip in awards in Kuwait, Bahrain, Qatar, and the UAE. Saudi Arabia, the GCC's largest projects market, recorded the biggest y-o-y increase in the value of contracts awarded during Q2-2022, which reached $16.5 billion in 2022 as compared to $9.3 billion in Q2-2021.

  • Saudi Arabia Leads Contract Awards in GCC

    Saudi Arabia, the GCC's largest projects market, recorded the biggest y-o-y increase in the value of contracts awarded during Q2-2022, which reached $16.5 billion in 2022 as compared to $9.3 billion in Q2-2021.

  • Saudi Grains Organization Awards Contract to Increase Strategic Stock

    Ten vessels carrying 63,000 tons will be unloaded at Jeddah Islamic Port, six shipments at Yanbu Commercial Port with 379,000 tons, two ships at King Abdulaziz Port in Dammam with 128,000 tons, and a ship at Jizan Port with 55,000 tons. He continued that 24 international companies specialized in the grain trade had been invited to the tender, 13 of which were submitted, and three were awarded the lowest-priced offers for the required shipments.

  • NEOM awards two 28 kilometers tunneling contracts for THE LINE

    Two joint venture groups will undertake the project, which is separated by lower and upper geographies, with the first contract awarded to FCC Construction SA/China State Construction Engineering Corporation/Shibh Al-Jazira Contracting Company Joint Venture (FCC/CSCEC/SAJCO JV). The second contract has been awarded to Samsung C&T Corporation/Hyundai Engineering and Construction Co. Ltd/Saudi Archirodon Company Ltd Joint Venture (SHAJV).

  • TRSDC awarded 70% contracts to Saudi firms, says Pagano

    Seventy percent of the contracts in The Red Sea Development Co. have been awarded to Saudi firms, as the company aims to embrace local communities and upscale them,  said John Pagano, group CEO of TRSDC and AMAALA.

  • Saudi’s Red Sea and Amaala projects poised to award $2.7bln worth of contracts

    “We currently got probably close to 10 billion riyals worth of contracts out in the marketplace in the bid stage. Over the next 12 to 18 months, we need to be awarding a billion riyals ($267 million) a month between Red Sea and Amaala to stay on track,” John Pagano told Zawya Projects.

  • Saudi Aramco Awards $300 Million Integrated Conventional Fracturing Contract to NESR

    National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia. These contracts are for a total period of three years with an option for a further extension of two years and are worth approximately USD $300 million covering fracturing, testing, wireline, coiled tubing, slickline services and all associated chemistry, logistics and site services to conduct these operations.

  • Saudi Arabia Railway awards $260m contract to CAF

    Construcciones y Auxiliar de Ferrocarriles (CAF) has secured a $260m (€200m) service contract from railway operator Saudi Arabia Railway (SAR). The scope of the five-year contract includes the maintenance of the state-owned railway operator’s train fleet, including technical support and other related services.

  • Russia can’t afford a protracted war in Ukraine

    However, Russia’s intervention in 2015 took the destructive nature of this warfare to unprecedented levels by intensifying the “collective punishment” on civilians. Russia took charge of the skies, freeing up Syrian ground troops to tighten sieges around civilian-populated areas. By 2017, nearly 5 million people were living in besieged and hard-to-reach areas. With Russian Sukhoi jets targeting the areas under siege, civilians could no longer listen for the unmistakable sound of a helicopter coming and take cover.