Award nears for Oman’s Ibri 3 solar IPP
7 May 2025
Oman’s Nama Power & Water Procurement Company (Nama PWP) is understood to have completed the bid evaluation process for the contract to develop and operate the sultanate’s next solar independent power producer (IPP) project, Ibri 3.
The 500MW IPP scheme is Oman’s fourth utility-scale solar power plant project.
MEED reported in February that the following companies submitted bids for the Ibri 3 IPP contract:
- Abu Dhabi Future Energy Company (Masdar, UAE) / Korea Midland Power (Komipo, South Korea) / Al-Khadra Partners (local)
- Acwa Power (Saudi Arabia) / TotalEnergies Renewables (France)
- EDF Renewables (France) / Korean Western Power (Kowepo, South Korea)
- Sembcorp Utilities (Singapore)
Sources close to the project tell MEED that Oman’s offtaker has concluded the bid evaluation process and could announce the frontrunner for the package soon.
Unlike in other GCC states, Oman has never publicly announced tariffs it has received from bidders for its renewable energy IPPs and independent water projects (IWPs).
Nama PWP received prequalification applications for the Ibri 3 solar photovoltaic (PV) IPP contract in March last year.
KPMG Lower Gulf, a subsidiary of the Netherlands-based consultancy company, has been selected to provide Nama PWP with financial advisory services for the Ibri 3 solar IPP project.
Previous projects
The country’s first 500MW solar IPP scheme, Ibri 2, came onstream in September 2021 and was officially inaugurated in January 2022.
The Manah 1 and Manah 2 solar IPP projects, each with a capacity of 500MW, were recently inaugurated.
A team comprising France’s EDF and South Korea’s Korea Western Power Company (Kowepo) won the contract to develop the Manah 1 solar PV IPP project.
A team of Singapore’s Sembcorp Industries and China-headquartered Jinko Power Technology was awarded the second 500MW solar PV IPP contract.
In September last year, Nama PWP tendered the contracts to develop two wind IPPs.
The Jalan Bani Bu Ali wind IPP will cater to Oman’s Main Interconnection System (MIS), while the Dhofar 2 wind IPP will cater to the smaller Dhofar Power System (DPS).
Three other wind IPPs are expected to be tendered separately. They are:
- Duqm wind IPP: Located in Ras Madrakah in Duqm, the project will have a capacity of 234MW-270MW, with commercial operations expected in Q4 2027
- Mahoot wind 1 IPP: Located in Mahoot in the Al-Wusta Governate, the wind farm will have a capacity of 342MW-400MW, with a commercial operation target of Q4 2027
- Sadah wind IPP: Located in Sadah in the Dhofar Governorate, it will have a capacity of 81MW-99MW and is due for commercial operation in Q4 2027
READ THE MAY 2025 MEED BUSINESS REVIEW – clck here to view PDF
Gulf hunkers down as US tariffs let fly; Abu Dhabi looks to secure its long-term economic prosperity; Nesma stays on top as China State moves up in 2025 GCC contractor ranking
Distributed to senior decision-makers in the region and around the world, the May 2025 edition of MEED Business Review includes:
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> AGENDA 1: GCC shelters from the trade wars
> AGENDA 2: Gulf markets slide as US tariff shockwaves hit
> GCC CONTRACTORS: Contractors take on more work in 2025
> INTERVIEW: CCED seeks growth in Oman’s hydrocarbons sector
> INTERVIEW: Roshn outlines its procurement strategy
> LEADERSHIP: Rethinking investments for a lower-carbon future
> GULF PROJECTS INDEX: Gulf projects index inches upwards
> CONTRACT AWARDS: Region records $70.3bn of deal signings in Q1 2025
> ECONOMIC DATA: Data drives regional projects
> OPINION: Trump’s new world order
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Dubai seeks consultants for drainage projects6 February 2026
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Modon tenders Ras El-Hekma construction contracts6 February 2026
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Egypt contractor secures €58m loan for Hungary power plant6 February 2026
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AD Ports signs Jordan Aqaba port PPP deal6 February 2026
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Chinese firm wins Ceer automotive supplier park deal6 February 2026
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The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
The second, TF-15-C2, will deliver stormwater links along Umm Suqeim Road to serve the Al-Barsha and Al-Quoz communities.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
Bids due on 23 February.
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Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
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The scope of the contract covers the construction of residential units, commercial facilities and a 70-key hotel.
In September, MEED reported that Modon Holding had tendered contracts for the infrastructure works for the first phase of the Ras El-Hekma project.
As part of the first phase, Modon plans to develop more than 50 million square metres (sq m), including hotels and a marina.
Ras El-Hekma is on a spur of land on Egypt’s northern Mediterranean coastline, about 240 kilometres west of Alexandria.
Last year, Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project.
According to an official statement, Modon will act as the master developer for the entire development, which will cover more than 170 million sq m.
Modon Holding will develop the first phase of the project, which will cover 50 million sq m.
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In September 2024, Modon signed several memorandums of understanding (MoUs) with local and international firms to join the development. It signed a framework agreement with Orascom Construction to serve as the primary contractor for the project’s first phase.
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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.
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AD Ports signs Jordan Aqaba port PPP deal
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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.
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Chinese firm wins Ceer automotive supplier park deal
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:
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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.
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