Latest MEA News

  • Abu Dhabi invites EoIs for schools and street lighting PPPs

    The ADIO has invited expressions of interest for 2 new social infrastructure PPPs – featuring 3 new schools and the second phase of the street lighting upgrade programme

  • Utico wins Hassyan reservoir adjacent IWP

    DEWA has awarded Emirati water developer Utico the $80 million contract to develop a 275,000 cubic metres of water per day (m3pd) reservoir at Hassyan

  • PDO appoint Phimister as new managing director

    Petroleum Development Oman has named Steve Phimister as its next managing director to replace the retiring Raoul Restucci

  • Marubeni awards EPC for Rabigh solar IPP

    A Marubeni-led consortium has awarded at $183.8 million EPC contract for the 300MW Rabigh solar IPP to a subsidiary of China Energy Engineering Corporation

  • PPAs signed for Madinah and Rafha solar IPPs

    An Alfanar-led consortium has signed with the Saudi Power Procurement Company the 25-year PPAs for the 50MW Madinah and 20MW Rafha solar projects under Category A of REPDO2

  • Larsen & Toubro takes EPC for Saudi Arabia’s largest solar PV

    ACWA Power has awarded Indian engineers Larsen & Toubro the EPC contract for the $906.7 million 1.5GW Sudair solar IPP in Saudi Arabia

  • First wave of Saudi schools PPP reaches FC

    A Saudi joint venture has reached financial close on the $400 million Wave 1 Schools PPP project in Saudi Arabia – the first package of schools to be executed through a PPP structure in the Kingdom

  • Saudi Aramco agrees $12.4bn stake sale in midstream subsidiary

    Oil giant Saudi Aramco has agreed to sell a 49% equity stake in its newly created midstream subsidiary Aramco Oil Pipelines Company to institutional investor EIG Global Energy for the sum of $12.4 billion

  • SWPC receives wastewater RFPs for Madinah and others

    SWPC has received a total of 7 bids for Madinah 3 and the bundle of Buraydah 2 and Tabuk 2 ISTPs

  • REPDO2 projects reach financial close

    The 300MW Jeddah and 300MW Rabigh solar IPP projects have been put to financial close by separate consortia – they form part of REPDO2 Category B

  • ACWA Power signs PPA for Sudair solar IPP

    The Saudi Power Procurement Company signed a 25-year PPA with ACWA Power at $0.01239/kWh for the SR3.4 billion 1.5GW Sudair solar independent power producer

  • EXCLUSIVE ACWA Power signs world record PPA for Al Faisaliyah

    Saudi water and power developer ACWA Power has signed with SPPC the 25-year PPA for the 600MW Al Faisaliyah solar IPP at a world record tariff of $0.0104 per kilowatt hour

  • Bahrain seeks TA for metro extension

    Bahrain’s Ministry of Transportation and Telecommunications has invited bids from technical advisory firms to conduct a feasibility study for extending the Bahrain metro network

  • ACWA Power signs new project agreements for Kom Ombo

    Saudi water and power developer ACWA Power has signed with the EETC and the NREA the updated project agreements for the $156.4 million, 200MW Kom Ombo solar PV

  • Al Gihaz acquires Enshore Subsea

    Saudi infra investment company Al Gihaz Holding has completed the acquisition of British subsea services company Enshore Subsea as part of a new joint venture

  • Bracewell hires Siddiki as partner in Dubai

    Bracewell has hired Ibrahim Siddiki as a dual English and Saudi qualified partner based at the firm’s Dubai office – bringing project finance experience from across the Middle East & North Africa region

  • New deadline for REPDO3 category A projects

    Saudi Arabia’s REPDO has confirmed the new indicative schedule and latest bid deadline date for the 200MW of category A projects under REPDO3

  • Details emerge on Jeddah solar debt signing

    Further debt details have emerged on the 300MW Jeddah solar IPP which is the third of REPDO2 Category B projects to reach a major milestone recently

  • Utico signs world record WPA for Hassyan IWP

    DEWA has signed with a Utico-led consortium a 35-year WPA for the $410 million Hassyan IWP project