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  • Egypt contractor secures €58m loan for Hungary power plant

    Administrator

    6 February 2026

    Commercial International Bank Egypt (CIB) has provided €58m in credit facilities to local firm Elsewedy Electric for the construction of a combined-cycle gas turbine (CCGT) power plant in Hungary.

    Located in Visonta, the plant will be the largest combined-cycle facility built in Hungary in decades and the country’s first power plant capable of using hydrogen.

    Once complete, hydrogen will be able to supply up to 30% of the plant’s fuel needs.

    The project is being developed through a consortium comprising Energy Projects, a subsidiary of Elsewedy Electric, and local firms Status KPRIA and West Hungaria Bau (WHB).

    It was awarded by MVM Matra Energia, a subsidiary of Hungary’s state-owned power holding company Magya Villamos Muvek (MVM).

    As MEED understands, the plant is expected to have a power generation capacity of between 500MW and 650MW.

    Total investment in the scheme is estimated at about €700m, with CIB acting as the sole financier for Elsewedy Electric’s portion of the project.

    Construction officially began last September, with commercial operations scheduled for 2028.

    The scheme also represents Elsewedy Electric’s first major investment in Europe, adding to other foreign investment interests.

    Last May, it was reported that Elsewedy Electric intends to build a $100m electrical cable manufacturing plant in Iraq. This project has yet to advance beyond the initial stages.

    In 2024, the contractor connected three additional hydro turbine generators to Tanzania’s national power grid in partnership with The Arab Contractors.

    This brought the total power supply from the Julius Nyerere hydroelectric power project to 705MW.

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15593289/main.jpg
    Mark Dowdall
  • AD Ports signs Jordan Aqaba port PPP deal

    Administrator

    6 February 2026

    Abu Dhabi’s AD Ports Group has signed an agreement with Jordan’s Aqaba Development Corporation (ADC) to manage and operate the Aqaba multipurpose port.

    AD Ports will manage and operate the port under a 30-year concession agreement.

    Under the agreement, AD Ports and ADC will establish a joint venture to oversee port operations.

    AD Ports will hold a 70% stake in the joint venture, with the remaining 30% held by ADC.

    AD Ports Group will also invest AED141m ($38.4m) in the joint venture.

    The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.

    The agreement was signed by Hussein Safadi, CEO of ADC, and Ahmed Al-Mutawa, regional CEO of AD Ports Group.

    Aqaba port handles about 80% of Jordan’s exports and 65% of its imports.

    It serves as a key transit point for Jordan’s neighbouring countries, including Saudi Arabia and Iraq. The port has an annual handling capacity of 11 million tonnes, supported by nine berths, a quay length of 2 kilometres and a draft of 13.5 metres.

    In 2025, the terminal handled over 5.3 million tonnes of cargo and nearly 85,000 car equivalent units of Ro-Ro imports.

    Abu Dhabi has been deeply involved in making investments in Jordan’s infrastructure sector. In February last year, AD Ports Group signed an agreement to manage and operate the Al-Madouneh customs centre in Amman, as MEED reported.

    The Al-Madouneh customs centre covers about 1.3 million square metres (sq m) and was inaugurated in June last year.

    The announcement followed AD Ports Group’s signing of a shareholders’ agreement in January 2024 between its digital arm, Maqta Gateway, and Jordan’s Aqaba Development Corporation regarding their existing joint-venture company, Maqta Ayla.

    The joint venture company will upgrade operations at the Aqaba port complex in Jordan by implementing a port community system “that leverages Maqta Gateway’s expertise, also marking the first-ever export of Abu Dhabi’s key port digitalisation solution”, AD Ports said in a statement.

    AD Ports Group operates the Aqaba cruise terminal, and selected Dubai-based real estate developer Mag Group to lead the first phase of the Marsa Zayed mixed-use project.

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15592973/main.jpg
    Yasir Iqbal
  • Chinese firm wins Ceer automotive supplier park deal

    Administrator

    6 February 2026

     

    Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).

    The supplier park is located next to Ceer’s electric vehicle (EV) production facility in KAEC.

    The automotive supplier park will include production and ancillary facilities for various suppliers and provide the material supply infrastructure for Ceer’s EV plant.

    The facilities include:

    • Cold stamping, body-in-white assembly and stamping facility – Shin Young (South Korea)
    • Hot stamping, sub-frames and axles subsystem supply facility – Benteler Group (Austria)
    • Façade and exterior-trim supply facility – JVIS (US)
    • Instrument panel, trims and console supply facility – Forvia (France)
    • Seat supplier – Lear Corporation (US)

    Earlier this week, MEED exclusively reported that Ceer had awarded a contract to build the automotive supplier park to Jeddah-based construction firm Modern Building Leaders (MBL).

    Netherlands-based engineering firm Arcadis is the project consultant, and Pac Project Advisors is the project management consultant.

    Ceer retendered the project in September last year.

    The latest contract award is another significant contract win for MCC in Saudi Arabia. In January, MEED reported that MCC had won a contract to undertake the steel structure works on Mohammed Bin Salman Stadium at the Qiddiya City project on the outskirts of Riyadh.

    The 45,000-seat stadium will feature a fully combined retractable pitch, roof and LED wall.

    The stadium’s main construction works are being undertaken by a joint venture of Spanish firm FCC Construction and local firm Nesma & Partners.

    In January, MCC won another contract to undertake steel structure works for the expansion of Medina airport in Saudi Arabia.

    The scope covers work on boarding bridges, Terminal Two and the renovation of Terminal One.

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15592955/main.gif
    Yasir Iqbal
  • Dubai Municipality tenders water pipeline projects

    Administrator

    5 February 2026

     

    Dubai Municipality has opened bidding for four separate engineering, procurement and construction (EPC) contracts to expand and rehabilitate the emirate’s recycled water and sewerage networks.

    MEED understands that the largest project is the upgrade of old recycled water pipes – phase 1 (RW108-C1) project.

    The contract involves replacing approximately 45 kilometres of asbestos cement pipelines along Jumeirah Beach Road, Sheikh Zayed Road and in Deira.

    The package requires a tender bond of AED1m and the bid submission deadline is 26 February.

    The remaining tenders include:

    Package two: Network for Dubai-Al Ain Road, Bukhedra-Sheikh Zayed (IN103-C1 RW), covering the construction of approximately 33 kilometres of new recycled water pipelines, including lines serving Al-Nakheel communities, connections from the Warsan sewage treatment plant, and works near several major interchanges.

    Package three: Main recycled water network for Sheikh Zayed Road Interchange 7 to 4 (IN107-C1), involving upgrades about 18.2 kilometres in length of existing mains along Sheikh Zayed Road.

    Package four: Execution of remaining works for the Jebel Ali industrial sewerage and drainage system (DS188-C2), focusing on completion, rehabilitation and rectification of earlier works to meet municipal standards.

    A request for proposals (RFP) has been issued for all four contracts. The bid submission deadline for contracts two, three and four is 19 February.

    It is understood that the recycled water packages (one, two and three) require microtunnelling and horizontal directional drilling, construction of launch and reception shafts, dewatering and protection of existing services.

    Contractors will also be responsible for traffic diversions, reinstatement works and testing of completed networks. 

    Dubai Municipality said bidders are required to submit qualification, technical and commercial proposals for all four contracts.

    Packages two, three and four require tender bonds of AED800,000, AED500,000 and AED50,000, respectively.

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15585433/main.jpg
    Mark Dowdall
  • Abu Dhabi sets February deadline for road tender

    Administrator

    5 February 2026

     

    Abu Dhabi’s Department of Municipalities & Transport (DMT) has set a deadline of 9 February for a design-and-build contract for the construction of two bridges serving Hudayriyat Island in Abu Dhabi.

    The scope of work covers the construction of a two-lane bridge connecting 32nd Street to Shakhbout Bin Sultan Street, and a single-lane bridge on 8th Street.

    The scope also covers the upgrade of signalised intersections.

    The previous deadline was 26 January.

    Shakhbout Bin Sultan Street is a two-way road with three lanes in each direction, providing access to and from Hudayriyat Island.

    DMT issued the project tender in November last year.

    The Hudayriyat Island masterplan was unveiled in 2023. The integrated development comprises residential communities and other leisure and mixed-use facilities.

    The masterplan features 53.5 kilometres (km) of coastline, including 16km of beaches.

    Some of the major destinations on Hudayriyat Island include the Velodrome Abu Dhabi, Surf Abu Dhabi, a wide range of sports, commerce and leisure amenities, the largest park in Abu Dhabi and a 220km-long network of cycle tracks.

    Project developments

    In December, MEED exclusively reported that UK-headquartered firm Innovo Group had won a AED5bn ($1.3bn) contract to build two residential developments, Nawayef East and Nawayef West, on Hudayriyat Island.

    In November 2023, Modon appointed local contractor Trojan General Contracting as the main contractor for the sports hotel, as MEED reported.

    Modon also awarded the local National Marine Dredging Company an $803m enabling works contract in April 2023. 

    Abu Dhabi-based Hilalco completed the construction of mountain bike trails on the island earlier in 2023.

    In November 2022, Chinese contractor China Harbour Engineering Company was awarded the main contract for dredging and reclamation works at Hudayriyat Island.

    In 2019, Modon appointed the local Wade Adams to undertake the initial landscaping and infrastructure works on the island.

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15584654/main.png
    Yasir Iqbal
  • Aramco defers bid submissions for Safaniya onshore project

    Administrator

    5 February 2026

     

    Saudi Aramco has postponed the bid submission deadline for a project to construct onshore surface facilities to boost productivity at the Safaniya offshore oil field development in Saudi Arabia.

    The Safaniya field is the world’s largest offshore oil field, with a production capacity of nearly 1.2 million barrels a day (b/d). Discovered in 1951, the field is located in the Gulf waters, approximately 265 kilometres north of Aramco’s headquarters in Dhahran.

    Aramco has pushed back the bid submission deadline for the Safaniya onshore surface facilities project until 17 March, according to sources. The earlier bid submission date was 31 January.

    Aramco issued the main tender for engineering, procurement and construction (EPC) works on the Safaniya onshore surface facilities project on 9 July last year. Contractors were initially given deadlines of 24 October and 7 November to submit technical and commercial bids for the project, MEED previously reported.

    Prior to that, Aramco is understood to have issued the solicitation of interest document for the Safaniya field onshore surface facilities project in May, with contractors submitting responses by 28 May.

    The EPC scope of work has been divided into two packages:

    • Package 1 – Water treatment and injection plant:
      • Building new water injection units
      • Expansion of gas-oil separation plant one
      • Building storage tanks, transfer pumps and substation
      • A central processing facility at the Zuluf field development, including water transfer pumps, chemical injection skids and other components
         
    • Package 2 – Produced water utilities:
      • Fire water system
      • Potable water units
      • Utilities
      • Nitrogen generation system
      • Site buildings
      • Electrical infrastructure
      • Security systems
      • Telecommunications networks

    In addition to pursuing the onshore facilities project to boost Safaniya’s productivity, MEED also previously reported about Aramco issuing three key offshore tenders last year for the field’s next expansion phase.

    Contractors in Aramco’s Long-Term Agreement pool of offshore service providers submitted bids for the three tenders – Contracts Release and Purchase Order (CRPO) numbers 154, 155 and 156 – by 31 August. Aramco is evaluating bids for the three tenders and is expected to award contracts within the first quarter.

    ALSO READ: Aramco to finalise long-term agreements with engineering firms
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15582695/main5945.jpeg
    Indrajit Sen
  • Riyadh tenders Expo 2030 metro station contract

    Administrator

    5 February 2026

     

    Register for MEED’s 14-day trial access 

    Saudi Arabia’s Royal Commission for Riyadh City (RCRC) has tendered a design-and-build contract for the construction of a new metro station catering to the Expo 2030 site in the north of Riyadh.

    The new metro station will be located on Line 4 (Yellow Line) of the Riyadh Metro network.

    MEED understands that the tender was floated in early February, with a bid submission deadline of 3 May.

    RCRC has instructed interested bidders to submit the required documentation by 26 February.

    The client is expected to open the bids on 3 May.

    Construction work on the Expo 2030 Riyadh site is progressing at an accelerated pace. In January, Saudi Arabia’s Expo 2030 Riyadh Company (ERC), tasked with delivering the Expo 2030 Riyadh venue, awarded an estimated SR1bn ($267m) contract to deliver the initial infrastructure works at the site.

    The contract was awarded to the local firm Nesma & Partners.

    The scope of work covers about 50 kilometres (km) of integrated infrastructure networks, including internal roads and essential utilities such as water, sewage, electrical and communication systems, and electric vehicle charging stations.

    Contractors are also bidding for infrastructure lots two and three. In December, MEED reported that ERC had floated another tender for the project’s initial infrastructure works.

    The masterplan encompasses an area of 6 square kilometres, making it one of the largest sites designated for a World Expo event. Situated to the north of the Saudi capital, the site will be located near the future King Salman International airport, providing direct access to various landmarks within Riyadh.

    Countries participating in Expo 2030 Riyadh will have the option to construct permanent pavilions. This initiative is expected to create opportunities for business and investment growth in the region.

    The expo is forecast to attract more than 40 million visitors.

    In a statement, the Public Investment Fund said: “During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64bn to Saudi GDP and generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6bn to GDP.”

    READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDF

    Spending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.

    Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15582515/main.jpg
    Yasir Iqbal
  • Etihad Rail awards multibillion-dollar high-speed rail contracts

    Administrator

    5 February 2026

     

    Register for MEED’s 14-day trial access 

    The UAE’s Etihad Rail has awarded multibillion-dollar design-and-build contracts for the civil works and station packages of the high-speed railway (HSR) line connecting Abu Dhabi and Dubai.

    The contract for the construction of the Abu Dhabi side of the railway was awarded to a consortium comprising Abu Dhabi's National Projects Construction (NPC), Trojan Tunnelling, Turkiye's Kalyon and Beijing-headquartered China State Construction Engineering Corporation.

    The other deal, comprising the construction of the Dubai side of the railway, was awarded to a consortium of India's Larsen & Toubro, Beijing-based China Harbour Engineering Company and local firm Wade Adams.

    MEED understands that the whole scheme is worth $8bn-plus.

    US-based Jacobs is the designer for the NPC group.

    French engineering firm Egis and Singapore’s Surbana Jurong are the designers for the L&T-led consortium.

    Last month, MEED exclusively reported that Etihad Rail was preparing to award the contracts for the HSR.

    The design speed of trains running on the UAE’s HSR network will be 350 kilometres an hour (km/h), and the operating speed will be 320km/h.

    The proposed HSR programme will be constructed in four phases, gradually adding further connectivity to other areas within the UAE.

    The first phase involves constructing a railway line connecting Abu Dhabi and Dubai, which is expected to be operational by 2030.

    The second phase will develop an inner‑city railway network with 10 stations within the city of Abu Dhabi.

    The third phase of the railway network involves constructing a connection between Abu Dhabi and Al-Ain.

    The fourth phase involves developing an inter-emirate connection between Dubai and Sharjah.

    The 150km first phase of the HSR will stretch from the Al-Zahiyah area of Abu Dhabi to Al-Jaddaf in Dubai.

    The project’s civil works have been split into two packages – Abu Dhabi and Dubai – comprising four sections. The scope of these sections includes:

    • Phase 1A: Al-Zahiyah to Yas Island (23.5km) 
    • Phase 1B: Yas Island to the border of Abu Dhabi/Dubai (64.2km)
    • Phase 1C: Abu Dhabi/Dubai border to Al-Jaddaf (52.1km)
    • Phase 1D: Abu Dhabi airport delta junction and connection with Abu Dhabi airport station (9.2km)

    The rail line will have five stations: Al-Zahiyah (ADT), Saadiyat Island (ADS), Yas Island (YAS), Abu Dhabi International airport (AUH) and Al-Jaddaf (DJD).

    The ADT, AUH and DJD stations will be underground, while ADS will be elevated and YAS will be at grade.

    The overall construction package also includes provisions for rolling stock, railway systems and two maintenance depots.

    The high-speed project will slash journey times between the UAE’s two largest cities and economic centres. The journey time between the YAS and DJD stations will be 30 minutes.

    Spanish engineering firms Sener and Ineco are the project’s engineering consultants.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15578874/main.jpg
    Yasir Iqbal
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