Latest MEA News

  • ACWA Power issues maiden sukuk

    Saudi water and power developer ACWA Power has issued a SR5 billion ($1.3 billion) sukuk – the company’s first ever

  • Deadline extension for REPDO3 Category B

    Saudi Arabia’s REPDO has extended the bid deadline for the 1GW Category B under its third renewables round

  • Helios Towers set to acquire Oman sites

    Telecoms operator Helios Towers has agreed to acquire 2,890 telecom tower sites in Oman from majority state-owned Omantel for the sum of $575 million by the end of 2021, subject to approval

  • Cranmore takes gas-fired IPP advisory role

    Cranmore Partners has been appointed the financial adviser on the 7GW gas-fired IPP programme being implemented by the Saudi Electricity Company

  • DEWA signs data centre deal with Huawei

    DEWA digital infra subsidiary Moro Hub has signed an agreement with Chinese telecoms company Huawei to develop a data centre at the Mohammed bin Rashid Al Maktoum Solar Park

  • SHUAA sells stake in Mirfa IWPP

    Dubai-based asset management firm SHUAA Capital has sold a 20% shareholding in the 1600MW Mirfa IWPP project company to Japanese conglomerate Sojitz Corporation

  • ADIO issues RFQ for Zayed City Schools PPP

    The Abu Dhabi Investment Office has issued the RFQs documents for the Zayed City Schools PPP

  • Centamin awards EPC contracts for Sukari solar hybrid captive

    Mining company Centamin has awarded EPC contracts to juwi and Giza Systems to develop a $37 million, 36MW solar PV and 7.5MW energy storage system project at the Sukari Gold Mine project near the Red Sea in Egypt

  • Race heats up for REPDO3 Category B

    At least 3 bidding groups are in the race for the 1GW of solar PV offered under Saudi Arabia’s REPDO3 Category B

  • Jazan IGCC goes out to banks for second time

    The $7.2 billion debt financing of the $12 billion, 3.8GW Jazan IGCC power plant has been relaunched, a source close to the deal told IJGlobal

  • Three bids in for REPDO3 Category A

    Saudi Arabia’s REPDO has received bids from 3 consortia for the 200MW Category A of its third renewables round

  • Morocco wind farm to go online this year

    InnoVent Maroc is gearing up to production on one of Morocco’s first private wind farms

  • Lamprell wins offshore contract with Saudi Aramco

    Lamprell has been awarded an EPCI contract for offshore production services by Saudi Aramco in Saudi Arabia

  • Saudi Arabia’s $15bn PPP plan

    Saudi Arabia's Royal Commission for AlUla has confirmed that its regeneration project – The Journey Through Time Masterplan – will take the form of a $15 billion opportunity for responsible investment in public-private partnerships

  • Preferred and reserve bidder for Jubail 3B

    Saudi Water Partnership Company has announced its preferred and reserve bidder for the 570,000 cubic metres per day (m3pd) Jubail 3B independent water producer project

  • Saudi Red Sea project secures $3.7bn green loan

    The Red Sea Development Company has closed a $3.76 billion term loan and revolving credit facility with 4 banks on its Red Sea tourism megaproject

  • ACME in green hydrogen MoU with Oman Company

    Indian solar developer ACME Group last month signed a memorandum of understanding with Oman Company to invest $2.5 billion in building a green hydrogen and green ammonia production facility at Duqm in Oman

  • MoU signed for stake sale in the Tamar gas field

    Israel’s Delek Drilling has signed of a non-binding memorandum of understand ingwith Mubadala Petroleum of Abu Dhabi, UAE for the sale of Delek Drilling’s 22% non-operated stake in the Tamar gas field offshore Israel

  • DFI eyes Morocco renewables

    Advisers have until this week to express their interest in conducting a feasibility study into renewable energy in northern Morocco