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  • Al-Yamamah signs Saudi 380kV transmission deals

    Administrator

    6 October 2026

    Riyadh-headquartered Al-Yamamah Steel Industries has signed two supply contracts with Algihaz Contracting Company for the construction of 380kV ultra-high-voltage transmission lines in Saudi Arabia’s Western Region.

    The contracts cover the supply of steel towers and are worth a combined SR254.28m ($67.8m).

    In a disclosure to the Saudi Exchange (Tadawul), the firm said the first contract is valued at SR135.65m ($36.2m), while the second is worth SR118.63m ($31.6m).

    Both contracts have a one-year duration, with supply scheduled to begin in March 2027. The financial impact of the contracts is expected to start appearing in Al-Yamamah Steel’s results in the first quarter of 2027. 

    Algihaz is currently carrying out construction works for several transmission projects, including Saudi Energy’s $206m Bisha 380/132kV BSP connection project, for which it was appointed the main contractor in 2025.

    The project involves a double-circuit 380kV overhead transmission line connecting the Bisha PV bulk supply point to the existing bulk supply points in Aseer Province.

    The deals also add to a series of steel tower contracts secured by Al-Yamamah Steel for 380kV transmission projects in the Western Region.

    In September, the company signed a SR103.14m ($27.5m) contract with the Saudi branch of National Power Construction Corporation to supply steel towers for a 380kV ultra-high-voltage line. Supply under that contract is due to begin in February 2027. 

    Al-Yamamah Steel also signed a SR176.48m ($47.1m) contract in November 2025 with Arabian Electrical Transmission Line Construction Company to supply steel towers for another 380kV ultra-high-voltage line in the Western Region. 

    The company has expanded its tower production capacity in recent years to meet expected demand for steel towers used in electricity transmission lines. Its 2024 annual report said it had added production lines and a galvanising plant in Jeddah Industrial City for this purpose. 

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
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    Mark Dowdall
  • Eagle Hills plans new Syria projects

    Administrator

    6 October 2026

    Abu Dhabi-based real estate developer Eagle Hills has signed a framework agreement with Syria’s Ministry of Public Works & Housing to develop a series of residential and tourism community projects across several Syrian governorates.

    The first phase will include Damascus Heights in the capital and Latakia Yachts & Marina on the Mediterranean coast.

    Damascus Heights is planned as a mixed-use community comprising homes, retail, hospitality and business facilities, supported by schools, healthcare services, green areas and resident amenities.

    Latakia Yachts & Marina is planned as a waterfront destination anchored by a marina, with homes, hotels, branded residences and leisure offerings.

    During development and operation, the projects are expected to support economic activity and tourism, create jobs across construction, hospitality and services, and add new housing, community facilities and tourism infrastructure.

    Syrian professionals and businesses are expected to play a central role in both delivery and operations, creating opportunities for contractors, suppliers and service providers, strengthening local supply chains and SMEs, and supporting skills development and knowledge transfer.

    Eagle Hills is also inviting applications for investment participation from Syrians in Syria and abroad, with priority for qualified Syrian individuals, businesses and institutions. 

    Following the signing, both projects will proceed to implementation, with enabling and construction works expected to begin shortly in Damascus and Latakia.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20308460/main.jpg
    Yasir Iqbal
  • Contractors submit revised bids for Dukhan field facilities upgrade

    Administrator

    6 October 2026

     

    Contractors have submitted revised proposals to QatarEnergy for a key tender to upgrade facilities at the Dukhan oil field in Qatar, about 80 kilometres west of Doha.

    Following the submission of the initial round of bids for the project on 9 August, QatarEnergy requested revised proposals from contractors, which they submitted by 27 September, sources told MEED.

    The following local contractors, among others, are understood to be bidding for the DPFU Phase 1B (Part 2) tender, according to information obtained by MEED Projects:

    • Doha Petroleum Construction Company (Dopet)
    • Galfar Al-Misnad Engineering & Contracting
    • Qatar Engineering & Construction Company (Q-con)

    QatarEnergy originally stipulated a bond validity of 150 days (until 23 December) and a bid validity of 120 days (until 23 November) for the project.

    The engineering, procurement, installation and commissioning scope covers upgrades to 56 oil manifolds, 108 gas-lift manifold slots, chemical injection systems and key pumping facilities, along with associated piping, instrumentation, control, electrical and civil works.

    The scope includes the demolition of obsolete equipment, degassing station enhancements, and full testing and handover. It also encompasses additional capacity enhancement works under Part 3, mainly the installation of new oil export and produced-water transfer pumps, along with supporting facility modifications.

    The project involves complex interfaces and shutdown-critical activities, requiring expertise in live-plant integration.

    QatarEnergy issued the tender for the DPFU Phase 1B (Part 2) project on 8 June and initially set a bid submission deadline of 26 July, later extending it to 9 August.

    Dukhan, Qatar’s first and only onshore oil field, was discovered in 1938, with oil production starting in 1939-40. The country currently produces about 1.8 million barrels a day (b/d) of crude, with the Dukhan field accounting for about 350,000 b/d.

    The Dukhan oil field covers about 80km by 8km and consists of four reservoirs: Khatiyah, Fahahil, Jaleha and Diyab. The first three are oil reservoirs. The more recently developed Diyab reservoir contains non-associated gas and is estimated to hold around 2 billion barrels of crude oil reserves. Diyab lies on Dukhan’s southern flank.

    ALSO READ: QatarEnergy selects contractors for offshore oil field expansion
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20306273/main5440.jpg
    Indrajit Sen
  • Dubai issues PMC tender for four stormwater projects

    Administrator

    6 October 2026

     

    Dubai Municipality has invited consultants to bid for a contract to provide construction supervision services for four stormwater projects.

    The bid submission deadline is 29 October.

    All four projects are part of the municipality’s Tasreef programme, intended to increase Dubai’s rainwater drainage capacity by 700% by 2033 and provide capacity for the emirate’s needs for the next 100 years.

    The tender for TF-06-S1 Supervision of Stormwater Drainage System Projects – Package 4 was issued on 6 October.

    The consultancy covers the following projects:

    • TF-06-C1: Construction of a stormwater pond connecting Al-Maktoum Airport and Dubai South
    • TF-06-C2: Construction of a stormwater drainage system connecting Al-Maktoum Airport and Dubai South
    • TF-07-C1: Construction of a stormwater drainage system on Sheikh Zayed Bin Hamdan Road connecting developers
    • TF-24-C1: Connecting developers’ areas to the stormwater networks in Dubailand 

    In documents seen by MEED, the municipality said it will require a dedicated supervision team for each project.

    The consultancy will cover construction supervision, including the deployment of resident engineers, civil engineers, inspectors, quantity surveyors, land surveyors and planning engineers. Mechanical engineers will also be required, along with health and safety personnel and NOC engineers, depending on the project. 

    TF-07-C1 is the same strategic stormwater drainage project that Dubai Municipality recently tendered for construction, with contractors preparing to submit bids on 22 October.

    The project covers more than 100 million square metres between Sheikh Mohammed Bin Zayed Road and Emirates Road, and from Expo Road to Dubailand.

    It will provide stormwater infrastructure and service connections for more than 20 private developers and Al-Yalayis 5, as well as supporting major roads in the Jebel Ali area. The construction scope includes a major gravity drainage system with pipeline diameters of up to 3,000mm.

    TF-24-C1 is one of three water infrastructure tenders issued by the municipality in August, as reported by MEED. The project will connect developers’ areas in Dubailand to the stormwater network. It includes 18 kilometres (km) of stormwater drainage pipelines with diameters of up to 1,800mm and 3.5km of gravity sewer pipelines with diameters of up to 1,000mm.

    Bidding for the engineering, procurement and construction contract was recently extended to 1 October, with Nael Construction & Contracting and Al-Nasr Contracting Company among those expected to make an offer for the project.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20305174/main.jpg
    Mark Dowdall
  • Oman moves ahead with CO2 battery storage pilot

    Administrator

    6 October 2026

     

    Register for MEED’s 14-day trial access 

    Nama Power & Water Procurement Company (PWP) is advancing plans for a DOME CO2 battery storage pilot project in Oman.

    The CO2 battery uses a closed cycle in which electricity is used to liquefy carbon dioxide for storage, before the CO2 is expanded through a turbine to generate electricity when required.

    According to a source, the advisory procurement was recently taken to market through a request for expressions of interest, with submissions due on 25 September.

    The procurement covers advisers to support the development of the project across legal, technical, and financial and commercial workstreams.

    The project is being assessed as a pilot long-duration energy storage initiative and is expected to be considered under the Authority for Public Services Regulation’s (APSR) sandbox framework, which provides a controlled environment for testing innovative energy technologies and related business models.

    The legal adviser will assess the project against the APSR sandbox framework and advise on regulatory requirements, approvals, exemptions, contractual principles, reporting obligations and exit arrangements. The adviser will also identify key legal risks and any additional requirements identified by PWP.

    The technical adviser will assess the technology’s suitability and performance parameters, testing conditions and implementation requirements. It will also review stakeholder interfaces, technical risks and mitigation measures.

    The financial and commercial adviser will support project structuring and the procurement approach. Its work will include assessing risk allocation, commercial principles, financial assumptions and the evaluation approach. The adviser will also support the development of submission forms and assess key financial and commercial risks.

    The project scale has not been disclosed. However, it is understood that land has been acquired and grid impact studies have already been completed.

    Nama PWP is also seeking support to prepare the request for offer (RFO) package for the pilot project. The RFO preparation work will cover instructions to bidders, technical requirements, legal requirements, contractual principles, evaluation criteria and required submission forms.

    Storage plans

    The state offtaker has been studying energy storage as part of Oman’s future power mix for some time. Its 2025-31 seven-year statement says it is evaluating energy storage for capacity planning and peak shaving as renewable generation increases.

    The advisory procurement follows a partnership between Omani company Takhzeen, a subsidiary of Oman National Engineering & Investment Company, and Italian energy storage company Energy Dome to roll out Energy Dome’s CO2 battery technology and energy storage solutions in Oman. The partnership was formalised through a memorandum of understanding (MoU) signed in 2023. 

    Energy Dome has also received backing from Oman Investment Authority (OIA). Also in 2023, OIA’s venture capital arm, IDO Investments, participated in a $60m second tranche of Energy Dome’s Series B funding, while OIA signed a separate MoU with Energy Dome to explore potential areas of collaboration.

    In February 2025, Energy Dome said a site had been identified for a commercial-scale project under the partnership. The project was expected to combine solar generation with CO2 battery storage, with Energy Dome supplying the battery plant and Takhzeen installing, owning and operating it for 30 years. 

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20300711/main.jpg
    Mark Dowdall
  • Aramco nears contract award for Jafurah fifth expansion phase

    Administrator

    6 October 2026

     

    Saudi Aramco is believed to be close to awarding the main contract for a major project representing the fifth expansion phase of the Jafurah unconventional gas development programme in Saudi Arabia.

    The main scope of work for the fifth expansion phase of Jafurah involves the engineering, procurement and construction (EPC) of three gas compression plants at the gas basin in the kingdom’s Eastern Province. Each plant will be capable of processing up to 200 million cubic feet a day (cf/d).

    Indian contractor Larsen & Toubro Energy Hydrocarbon (L&TEH) is the favourite to win the main EPC contract, according to sources.

    “Negotiations between Aramco and L&T have reached an advanced stage and the [Indian] contractor is now in pole position to clinch the deal,” one source told MEED.

    MEED previously reported that China Petroleum Engineering & Construction Company (CPECC) was in a favourable position to secure the main EPC contract for the Jafurah fifth expansion phase, based on Aramco’s initial evaluation of proposals. The situation remained subject to change as Aramco negotiated with the project’s other bidders, MEED reported in August.

    Aramco set 19 July as the final deadline for proposals, and contractors submitted their bids by that date, MEED previously reported.

    ALSO READ: Aramco receives interest for major gas processing plant

    The Saudi energy giant is understood to have issued the main EPC tender for the project in the first quarter of this year.

    Aramco issued a solicitation of interest for the Jafurah fifth expansion phase in mid-November, with contractors submitting responses by 30 November, MEED previously reported.

    UK-headquartered Wood Group has carried out the front-end engineering and design for the project.

    The Jafurah basin is the largest liquid-rich shale gas play in the Middle East, spanning about 17,000 square kilometres. The reserve is estimated to contain 229 trillion cubic feet of gas and 75 billion stock-tank barrels of condensate.

    Aramco recently brought the greenfield Jafurah gas processing plant online, with a production capacity of 450 million cf/d, marking the commissioning of the first phase of its $100bn capital expenditure programme to produce gas from the unconventional resource base.

    The company previously stated that it expected to start gas production at Jafurah in 2025, with the intention of progressively ramping up to 2 billion cf/d of sales gas, 420 million cf/d of ethane and 630,000 barrels a day (b/d) of high-value liquids by 2030.

    Aramco has said that its unconventional gas programme, at peak production, is expected to generate electricity equivalent to displacing 500,000 b/d of oil.

    Jafurah gas development phases

    Alongside nearing an EPC contract award decision for the fifth expansion phase at Jafurah, MEED also recently reported that Aramco had completed the solicitation of interest process with contractors for the unconventional gas programme’s sixth phase.

    The main scope of work on the Jafurah sixth expansion phase is similar to the fifth phase, and involves the EPC of three gas compression plants at the giant gas reserve, each with an output capacity of 200 million cf/d.

    Aramco also kicked off EPC works on the Jafurah fourth expansion phase in the second quarter of the year.

    MEED reported in April that Aramco had selected Mumbai-headquartered L&TEH as the main contractor for the fourth phase, which sources estimate could be valued at about $1.5bn.

    The main scope of work on Jafurah’s fourth expansion phase involves the EPC of two gas compression trains at the gas basin. Each plant will be able to process up to 200 million cf/d.

    EPC work on the third phase of the Jafurah unconventional gas development programme is also advancing.

    In July 2024, Aramco issued a non-binding letter of intent to a consortium of Tecnicas Reunidas and Sinopec Group for the EPC contract for phase three. The contract is estimated at $2.24bn.

    The objective of the third expansion phase is similar to that of the fourth phase. The main scope of work involves the EPC of three gas compression plants, each with a capacity of 200 million cf/d.

    The third phase’s scope of work also includes building a 230kV substation to power the new gas compression plants, and installing other utilities units, piping systems and safety equipment.

    The selection of contractors for the third expansion phase came within weeks of Aramco officially awarding EPC contracts for the second phase, which aims to raise the field’s processing potential to up to 2 billion cf/d of raw gas.

    Aramco awarded 16 contracts, worth a combined total of about $12.4bn, for the second expansion phase on 30 June 2024.

    The EPC scope of work for that project involves the construction of gas compression facilities and associated pipelines, and the expansion of the Jafurah gas plant, including the construction of gas processing trains, utilities, sulphur and export facilities, Aramco said in a statement.

    The main EPC packages of the Jafurah second expansion phase project, their estimated values and the selected contractors are:

    • Package 1 – gas processing plant and main process units – $2.9bn: Larsen & Toubro Energy Hydrocarbon (India)
    • Package 2 – utilities and offsites – $2.4bn: Hyundai Engineering (South Korea)
    • Package 3 – gas compression units – $1bn: Larsen & Toubro Energy Hydrocarbon
    • Riyas natural gas liquids (NGL) package 1 – NGL fractionation trains – $1bn: Tecnicas Reunidas / Refining & Chemical Engineering Group (part of China’s Sinopec Group)
    • Riyas NGL package 2 – utilities, storage and export facilities – $2.2bn: Tecnicas Reunidas/Refining & Chemical Engineering Group
    • Riyas NGL package 6 – site preparation works – $107m: Mofarreh Alharbi & Partners (Saudi Arabia)
    • Riyas NGL package 9 – temporary construction facilities – $80m: Mofarreh Alharbi & Partners

    Aramco kickstarted EPC works on the first phase of the programme in November 2021 by awarding $10bn-worth of subsurface and EPC contracts.

    In February 2020, Aramco received a capital expenditure grant of $110bn from the Saudi government for the long-term phased development of the Jafurah unconventional gas resource base.

    The Jafurah programme is central to Aramco’s goal of increasing gas production capacity. The target has recently been raised to 80%, with 2021 as the baseline, up from 60%, to meet rising domestic and global demand. The company expects life-cycle investment in Jafurah to exceed $100bn.

    Aramco completed an $11bn lease-and-leaseback deal in late October 2025 for gas processing facilities at the Jafurah unconventional gas reserve with a consortium led by funds managed by Global Infrastructure Partners (GIP), part of US asset manager BlackRock.

    Under the transaction, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights to the Jafurah field gas processing plant and the Riyas natural gas liquids fractionation facility.

    After 20 years, JMGC will lease the assets back to Aramco. JMGC will collect a tariff payable by Aramco in exchange for granting Aramco the exclusive right to receive, process and treat raw gas from the Jafurah resource base.

    Aramco will hold a 51% majority stake in JMGC, while the GIP-led consortium will hold the remaining 49%. Investors participating in the GIP-led consortium include Hassana Investment Company, the Arab Energy Fund and Aberdeen Investcorp Infrastructure Partners, as well as other institutional investors from North and Southeast Asia and the Middle East.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/20299556/main3638.jpg
    Indrajit Sen
  • Joint venture wins Riyadh data centre construction deal

    Administrator

    6 October 2026

     

    Register for MEED’s 14-day trial access 

    Egyptian contractor Hassan Allam Construction and India’s Sterling & Wilson have won an estimated SR750m ($200m) contract to build the first phase of a data centre project in Riyadh.

    The first phase will have an IT load capacity of 16.2MW, with overall capacity reaching 50MW in the second phase.

    The scope includes civil, architectural, and mechanical, electrical and plumbing (MEP) works, infrastructure works and other associated works.

    Upon completion of both phases, the facility will comprise one 5MW standard-density hall and four high-density halls, each rated at 11.2MW.

    Saudi Arabian artificial intelligence (AI) firm Humain and Center3 – the digital infrastructure subsidiary of local telecom company STC Group – are jointly developing the project.

    The first phase is scheduled to take 16 months.

    In December last year, Center3 and Humain partnered to develop and operate AI-focused data centres across Saudi Arabia, with a planned capacity of up to 1GW.

    The partners said the first phase will deliver up to 250MW of capacity, designed for high-density AI workloads and large-scale model training.

    The venture combines Center3’s data centre operations and regional connectivity with Humain’s full-stack AI capabilities, with the latter responsible for aligning facility design with advanced compute requirements and future architectures.

    The companies said the programme will deliver purpose-built facilities engineered for high power density, low latency and resilient operations, to support large language models and other mission-critical AI applications.

    They added that the initial schemes will serve as a template for subsequent rollouts as capacity scales towards the 1GW target.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20298893/main.jpg
    Yasir Iqbal
  • Chevron signs Egypt oil and gas exploration deal

    Administrator

    6 October 2026

    State-owned Egyptian Natural Gas Holding Company (Egas) and US-headquartered Chevron have signed an agreement related to oil and gas exploration in Egypt’s offshore Lotus concession.

    Under the agreement, Chevron will invest at least $88m in exploration activities within the concession, according to a statement from Egypt’s Ministry of Petroleum & Mineral Resources.

    Chevron has agreed to drill two deepwater exploration wells and to reprocess 3D seismic data for the concession.

    Egypt’s Ministry of Petroleum & Mineral Resources said the agreement was part of the ministry’s “efforts to expand exploration activities and unlock new areas for petroleum investments”.

    It also said that the deal reflected Chevron’s “commitment to pumping new investments into exploration activities in Egypt”.

    In August, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, presented the ministry’s five-year production strategy, which aims to double Egypt’s oil and condensate output while strengthening the country’s position as a regional hub for petroleum product trading and gas liquefaction.

    Egypt has been working towards this goal by forging a range of new deals with international oil companies.

    Chevron has offshore exploration and development rights for several Egyptian concessions, including Nargis, North El-Dabaa, North West Atoll, North Simian and North Cleopatra, where it partners with Shell.

    In April, Egypt’s cabinet approved a draft version of the Lotus concession agreement between Egas and Chevron during a meeting chaired by Prime Minister Mostafa Madbouly.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20298172/main.jpeg
    Wil Crisp
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