Projects awarded during November 2024 across Gulf Countries

Following are the major projects awarded during the month of November 2024 across Gulf countries. The projects covers the Power, Water, Construction, Transport Petrochemical, Manufacturing and Oil & Gas Sectors.

NEOM appoints lead Consultants for city planning of THE LINE’s Phase One

NEOM, the sustainable region taking shape in northwest Saudi Arabia, has announced the appointment of world-leading partners to deliver the core city planning, design and 

Saudi Arabia Signs $9.3 billion worth PPAs for 9,200MW Projects

Saudi Power Procurement Company (SPPC) announces in a statement that it has signed Power Purchase Agreements (PPAs) for five (5) IPP Power Generation projects, totaling 

ACWA Power Signs PPA for $4 billion Rumah -1 and Al-Nairyah -1 Power Plants

ACWA Power , Saudi Arabia announces the signing of the Power Purchase Agreements (PPAs) for Two (2) large-Scale Combined Cycle Gas Turbine (CCGT) Power Plants. 

Saudi’s Built Industrial Co. Signs $172 million “The Point” Project

Ladun Investment Co., Saudi Arabia Announces that one of its subsidiaries “Built Industrial Company” has signs the contract with Real Estate Development Fund Company. The 

Hyundai awarded $725 million 500kV HVDC Transmission Line Project

Hyundai Engineering & Construction Co.,Ltd. signed a contract with the state-owned Saudi Electricity Company (SEC) in Riyadh for a New 500kV HVDC Transmission Line Project. 

TAQA, JERA and Al Bawani Consortium to Develop 3.6GW Power Plants in Saudi Arabia

Abu Dhabi National Energy Company PJSC (TAQA), UAE, together with JERA Co., Inc (JERA), Japan and Al Bawani Capital (AlBawani), a subsidiary of AlBawani Holding, 

Masdar led consortium signs PPA for 2,000 MW Sadawi Solar PV plant

Abu Dhabi Future Energy Company (Masdar) led consortium, including GD Power of China and Korea Electric Power Corporation (KEPCO), has been awarded the Al Sadawi 

CTCI awarded $202 million EPC Contract for Ethylene Storage Facilities in Qatar

CTCI Corporation, Taiwan announced that it has won a contract with Ras Laffan Petrochemicals (RLP) for the Qatar RLP Ethylene Storage EPC Project. This project 

L&T awarded $403.8 million 500kV HVDC Transmission Line Project

Larsen & Toubro (L&T) signed a contract with the state-owned Saudi Electricity Company (SEC)  for a New 500kV HVDC Transmission Line Project. The value of 

Al Jouf Cement Co., ENGIE signs agreement for 22MW Solar PV Project

Al Jouf Cement Company, Saudi Arabia announces the signing of an agreement with the French company Engie to construct and operate a solar power plant 

SEPCO3 wins 3.6GW Rumah, Nairyah EPC Power Plant Contracts

Shandong Electric Power Construction Corporation No. 3 (SEPCO3) announced in a statement that it has successfully won the bid for Saudi Arabia’s Rumah 1,800 MW 

Sineng Electric awarded 2.6GW Supply Contract for Haden and Al Khushaybi Solar PV Projects

Sineng Electric, China, has been awarded a 2.6GW supply contract for the PIF4 project, a landmark renewable energy initiative in Saudi Arabia, co-owned by ACWA 

Saudi’s Retal Urban Development Co. signs $30 million Contract

Retal Urban Development Company, Saudi Arabia announces the signing of a contract with Building Construction Company (Subsidiary) to construct residential units in Al-Mohammedia district located 

UAE’s Arada awards enabling works Contract at Armani Beach Residences in Palm Jumeirah

Arada, UAE has commenced work at the ultra-luxury Armani Beach Residences at Palm Jumeirah following the award of the project’s first construction contract. Designed in 

Oman’s Tender Board awards contract worth $790 million

The Tender Board, Oman awarded tenders and additional works complementing development projects in various fields. The total value of the contracts is RO 304 million. 

UAE’s TA’ZIZ awards $2 billion Contracts

TA’ZIZ, a joint venture between ADNOC and ADQ, announced engineering, procurement and construction (EPC) contracts valued at more than US$2 billion (AED7.34 billion) for the 

China National Petroleum Company’s subsidiary awarded $490 million contract to expand world’s largest 3D seismic survey

ADNOC announced the award of a contract to BGP Inc., a subsidiary of China National Petroleum Company (CNPC), to expand the scope of the world’s 

Jereh awarded $920 Million ADNOC Contract

Jereh announced in a statement that it has signed EPC contract with ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), to undertake 

China’s Harbin Electric awarded EPC Contract for 3.6GW Rumah 2 and Nairyah 2 Power Plants

Harbin Electric Corporation, China announced in a statement that it has awarded the EPC contract for Rumah 2 and Nairyah 2 Power Plants of combined 

Alstom awarded $80 million Contract with Saudi Arabia Railways

Alstom, the global leader in smart and sustainable mobility, announced a new services agreement with Saudi Arabia Railways (SAR) at the Saudi Rail Exhibition, further 

Nesma & Partners Forms a JV with MAN Enterprise for $1.54 billion Diriyah Project

Nesma & Partners, the leading contracting company in Saudi Arabia, announces a new joint venture with MAN Enterprise, a globally recognized construction and project management 

Galfar awarded $306.5 million Road Works Contract

Galfar Engineering & Contracting SAOG, Oman announced in a statement that it has awarded the Construction of Dualization of Adam-Thumrait Road, Part 4 Contract. The 

SAMSUNG E&A awarded $215 million Contract in Qatar

SAMSUNG E&A, South Korea announced in a statement that it has signed a contract with Ras Laffan Petrochemicals(RLP) of Qatar for the Qatar RLP Ethylene 

Hassan Allam’s Subsidiary awarded construction works for Al Ghubrah Pumping Station in Oman

Hassan Allam Holding announces that its subsidiary, Hassan Allam Construction, has been awarded the construction works for Al Ghubrah Pumping Station, located in Muscat, Oman, 

Al-Babtain Power and Telecom awarded $207.2 million Steel Towers Supply Contract

Al-Babtain Power and Telecommunication Co., Saudi Arabia Announces that it has signed a steel towers supply contract for the 500kV HVDC overhead transmission line project. 

Asyad Group Signs Concession Agreement to Develop, Manage A’Suwaiq Port

The Ministry of Transport, Communications and Information Technology, Oman signed a concession agreement with Asyad Group to develop, manage and operate A’Suwaiq Port for 40 

Sumitomo led consortium Signs Agreement for Facility E independent water and power project in Qatar

Sumitomo Corporation, Japan and Shikoku Electric Power Co.,Inc. Japan, alongside Korea Southern Power Co., Ltd. (“KOSPO”) and Korea Overseas Infrastructure & Urban Development Corporation (“KIND”) 

Samsung awarded $2.84 billion Qatar’s Facility E IWPP Project

Samsung C&T, South Korea announces that is has received letter of award for the construction of Facility E Independent Water and Power Production Project in 

Masdar signs PPA for 1GW Wind Farm in Kazakhstan

Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, has signed a Power Purchase Agreement (PPA) with the Financial Settlement Centre for 

Oman: Tethys Oil awarded Concession Area 56 development Contract

The Ministry of Energy and Minerals, Oman has awarded a contract for the development of Concession Area 56 to Swedish company Tethys Oil. The concession 

KEC International awarded 400kV OHTL Contract in Oman

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, India announces in a statement that it has awarded new 400kV Overhead Transmission 

Nooter/Eriksen Milan awarded major supply contract for 3.6GW Taiba-2, Qassim-2 Power Plants

Nooter/Eriksen Milan, Italy announced in a statement that it has awarded major multi-million-dollar contract in the Kingdom of Saudi Arabia. The project includes the engineering 

 Doosan awarded $90.7 million liquid fuel displacement Project from Marafiq

Power and Water Utility Company for Jubail and Yanbu (Marafiq), Saudi Arabia announces the execution of a contract for the implementation of the project to 

Oman signs Mining Concession Agreement for North A’Sharqiyah Governorate

The Ministry of Energy and Minerals, Oman signed a mining concession agreement with Al Tamman Indsil FerroChrome Company for exploration and mining in concession area 

UAE’s NMDC awarded $45.8 million Contract

NMDC Group PJSC, UAE announced in a statement that it has received a letter of award for a new Project by Ramhan Development L.L.C in 

Saudi’s Cityscape Global 2024 Concludes Real Estate Transactions worth $61.3 Billion

Saudi Arabia’s second annual Cityscape Global, the world’s largest real estate exhibition, concluded at the Riyadh Exhibition and Convention Center in Riyadh. Organized under the 

Saudi Arabia awards $266.6 million Construction Contract for “The Point” Project

Aseer Development Authority in collaboration with the Tourism Development Fund, Red Sea Markets for Real Estate Investment Company, and Banque Saudi Fransi awards the main 

 Masdar, ACWA Power, SOCAR Green Signs MOU for 3.5GW wind projects in Azerbaijan

Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding (MoU) with SOCAR Green, a wholly-owned subsidiary 

SSEM awarded $526.6 million 500kV HVDC Transmission Line Project

Saudi Services for Electro Mechanic Works (SSEM) signed a contract with the state-owned Saudi Electricity Company (SEC)  for a New 500kV HVDC Transmission Line Project. The 

Arabian Drilling awarded $77 million Contract extension

Arabian Drilling, Saudi Arabia announces that it has secured a contract extension for one of its Saudi Aramco land rigs. The contract extension is for 

Masdar Signs 1GW Wind Power Project Contract in Uzbekistan

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and the Ministry of Energy Uzbekistan have signed an agreement to develop 

Kuwait: Alghanim International awarded Sabiya Power Plant Upgradation Contract

Alghanim International, Kuwait announced in a statement that it has been awarded a contract for the conversion of the second stage of the Sabiya Gas 

Kuwait: Heisco, IHI Corporation JV awarded $563 million Distillation plant upgrade contract

Heavy Engineering Industries & Shipbuilding Co. K.S.C. (HEISCO), Kuwait announced in a statement that along with its JV, IHI Corporation, Japan, it has awarded a contract 

Kuwait’s PAHW awards 3,345 residential units Contract

Public Authority for Housing Welfare (PAHW), Kuwait announces the awarding of contracts for the construction of a total of 3,345 residential units as part of 

Oman awards $66.5 million Contract to Build Fuel Tanks at Shinas Port

Shinas Port, Oman signed an agreement with Zuhoor Al Khaleej company to build fuel tanks and manage supply and storage services. The agreement, valued at 

Arabian Drilling awarded $117.3 million contract extensions

Arabian Drilling, Saudi Arabia announce that it has secured a contract extension for one of its Saudi Aramco land rigs. The contract extension is for 

QatarEnergy Signs concession agreement for the North El-Dabaa Block

QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in 

UAE: Samsung, Hanwah and Jiangnan Shipyard awarded $ 4.4 billion Contracts

ADNOC Logistics & Services (ADNOC L&S), UAE announced in a statement that it has signed contracts with a number of international companies to grow its 

UAE’s NMDC awarded $300 million EPC Contract

NMDC Group UAE announced in a statement that it has awarded a EPC contract from TA’ZIZ. The value of the contract is USD 300 million. 

ADNOC Awards $196.2 Million Contracts for Manufacturing in UAE

ADNOC announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. 

Weatherford awarded new contract in UAE

Weatherford International plc announced that it has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC 

KBR Awarded FEED Contract in Oman

KBR announced that it has been awarded a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. Under 

Weatherford awarded new contracts in Kuwait and Qatar

Weatherford International plc announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar. KOC awarded 

MADKOUR Group awarded Wind Farm Substation Contract

MADKOUR Projects in the Sultanate of Oman is announces that it has been awarded a contract to construct JBB ALI Wind Farm 132kv Grid station, 

Saudi Arabia’s Eastern Region Municipality awards industrial city Development Project

The Eastern Region Municipality, Saudi Arabia announced that it has awarded a project to establish a fully integrated model industrial city in Dammam covering an 

Al Yamamah Steel awarded $31.7 million contract from L&T

Saudi Arabia’s Al Yamamah Steel Industries Co. announced in a statement that it has secured a new contract for the supply of steel towers from