Latest MEA News

  • Synergy Consulting promotes new director

    Synergy Consulting has promoted Rohit Pandey to the role of director – he specialises in financial advisory on infrastructure projects, debt restructuring, and client engagement in the MENA region

  • Qiddiya awards megaproject roads and bridges

    Qiddiya Investment Company has awarded a $293.3 million roads and bridges construction contract to the Haif & Freyssinet joint venture

  • Apicorp signs loan for Yellow Door solar concern

    The Arab Petroleum Investments Corporation has signed a $50 million revolving construction facility with Dubai-based solar developer Yellow Door Energy

  • Utico confirmed winner of Hassyan IWP

    DEWA has named the Utico-led consortium the preferred bidder for its restructured 120migd Hassyan IWP project

  • Yanbu-4 financing set for next week

    An Engie-led consortium has mandated a slightly different line up of lenders for the upscaled costing of its $850 million Yanbu-4 IWP project near Ar Rayyis, Saudi Arabia, IJGlobal has learned from sources close to the deal

  • European multilaterals to finance Jordan telecoms

    The EU and the EBRD will sign a $5 million funding package with Jordanian telecoms provider DAMAMAX to support the expansion of its fibre-to-the-premises services

  • Nakheel Properties enlists advisers for district cooling divestment

    State-owned Emirati estate developer Nakheel Properties has mandated a Synergy-led advisory team to work on the divestment of between 100-120 thousand tons of refrigeration (kTR) of its district cooling assets

  • Saudi Arabia pushes on with electricity reforms

    Saudi Arabia’s Ministry of Energy announced “sweeping electricity sector reforms” as part of its plan to achieve the goals of the country’s Vision 2030 initiative

  • EXCLUSIVE GS Inima wins Barka and Al Ghubrah III desals

    The OPWP has named Spanish water developer GS Inima as the winning bidder for both the Barka and Al Ghubrah III desalination projects, IJGlobal has learned

  • Utico set to win Hassyan IWP

    DEWA is set to announce that a Utico-led consortium is the preferred bidder for its restructured 120 migd Hassyan IWP project

  • Advisory tender launched for Morocco day care PPP

    The IFC has invited expressions of interest from consultancy firms for the technical advisory contract on a Nursery PPP project in Morocco

  • EXCLUSIVE Red Sea project utilities FC target set

    Saudi power and water developer ACWA Power is set to sign the contract for the $1.5 billion utilities component of the Red Sea tourism megaproject with Red Sea Development Company

  • GE signs Kuwait substation contract

    The Kuwait Ministry of Electricity & Water has awarded GE Renewable Energy’s Grid Solutions business a contract to maintain 54 substations located across the country for 5 years

  • Egypt wins support for green investment

    The EBRD, EU and the Green Climate Fund are responding to the impact of the coronavirus pandemic on the Egyptian economy by boosting green finance and the development of value chains for the private sector

  • Masdar completes energy and water saving retrofit

    Masdar has completed the energy and water efficiency retrofit of a school in Abu Dhabi.