Jordan tenders IPP8 power project
14 July 2026
Jordan’s National Electric Power Company (Nepco) has issued a tender for a contract to develop the 700MW combined-cycle gas turbine (CCGT) power project known as independent power project 8 (IPP8).
Companies understood to have prequalified include France’s EDF, Saudi Arabia’s Acwa and Egypt’s Orascom Construction. Bids are due in July, although the market expects the closing date may be extended.
MEED reported in November last year that Nepco had invited developers to submit prequalification documents for IPP8. The project will be developed on a build, own and operate (BOO) basis and will supply power to the national grid under a 25-year agreement.
Natural gas will serve as the primary fuel, with light distillate as backup. The facility will be connected to Nepco’s 132kV/400kV transmission infrastructure, which will be built separately.
In April, MEED reported that Nepco had signed an agreement to establish a natural gas supply point for the 700MW IPP7. The agreement was signed with Fajr Jordanian-Egyptian for Natural Gas Transmission and Supply to support fuel provision for the CCGT plant.
The plant will be developed in partnership with Etihad Development Company, a subsidiary of the UAE’s Etihad Water & Electricity (EtihadWE), following recent approval by the Ministry of Energy & Mineral Resources.
The IPP7 plant is expected to meet about 10% of Jordan’s electricity demand once operational. It is also intended to enhance the reliability and efficiency of the national power system.
The project is scheduled to become operational between 2027 and 2028.
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Jordan tenders IPP8 power project14 July 2026
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Contractors win $213m King Salman airport deal14 July 2026
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AtkinsRealis wins key Riyadh infrastructure roles14 July 2026
Canadian engineering firm AtkinsRealis has been awarded a contract by the Royal Commission for Riyadh City (RCRC) to support the operation and expansion of the Riyadh Metro and oversee the delivery of major road infrastructure projects across the capital.
AtkinsRealis will provide engineering consultancy, project management, construction supervision and technical oversight for ongoing works on the Riyadh Metro.
The agreement was signed during the Saudi Arabia-Canada Investment Forum in Jeddah, held on the sidelines of Canadian Prime Minister Mark Carney’s visit to the kingdom.
The company will also supervise a portfolio of strategic road development schemes designed to strengthen Riyadh’s wider transport network.
AtkinsRealis also recently secured a contract to deliver lead design services for the Place & Planet Pavilion at the Expo 2030 Riyadh site.
The contract was awarded by Expo 2030 Riyadh Company, which is tasked with delivering the Expo 2030 Riyadh venue.
AtkinsRealis will deliver the full architectural and engineering design for the pavilion, coordinate all relevant design disciplines and embed sustainable design principles throughout.
The Place & Planet Pavilion is anticipated to be a key attraction at Expo 2030 Riyadh.
READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDFStress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.
Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:
> AIRPORTS: Dubai and Riyadh reaffirm airport ambitions> INDUSTRY REPORT: Dubai eyes tourism sector recovery> DATA CENTRES: Big Tech falls short on data centre promise> LEADERSHIP: Aramco’s citizen developers accelerate digital changeTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17660065/main.jpg -
Clarifications begin for Saudi Landbridge Riyadh section14 July 2026

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Saudi Arabia Railways (SAR) has begun post-tender clarifications with bidders for a contract to design and build the Riyadh Rail Link, a new north-to-south railway line across the capital.
MEED understands that the latest round of clarifications with bidders was held last week.
Contractors submitted their commercial proposals on 30 June, as MEED reported.
The bidders include:
- China Civil Engineering Construction Corporation / Al-Ayuni Investment & Contracting (China/local)
- Nesma & Partners / China Harbour Engineering Company (local/China)
- Al-Rashid Trading & Contracting / IC Ictas Construction / Saipem (local/Turkiye/Spain)
- Saudi Binladin Group (local)
The scope includes a 35-kilometre double-track line connecting SAR’s North-South Railway to the Eastern Railway network.
Issued on 29 January, the tender also covers the procurement, construction and installation of associated infrastructure, including viaducts, civil works, utility diversions/installations, signalling systems and other related works.
Once delivered, the Riyadh Rail Link is expected to become a key component of the Saudi Landbridge railway.
In January, SAR said it would deliver the Saudi Landbridge project through a “new mechanism” by 2034, after failing to reach an agreement with a Chinese consortium to construct it, as MEED reported.
In an interview with local media, SAR CEO Bashar Bin Khalid Al-Malik said the consortium failed to meet local content requirements, and that the project would instead be delivered in several phases under a different procurement model.
Negotiations have been under way between Saudi Arabia and China-backed investors interested in developing the scheme through a public-private partnership (PPP). Al-Malik put the project cost at about SR100bn ($26.6bn).
Overall, it comprises more than 1,500km of new track. A core element is a 900km railway between Riyadh and Jeddah, providing the capital with direct freight access to King Abdullah Port on the Red Sea.
Other key elements include upgrading the existing Riyadh-Dammam line, a bypass around the capital known as the Riyadh Link, and a connection between King Abdullah Port and Yanbu.
The Saudi Landbridge is one of the kingdom’s most anticipated project programmes. First announced in 2004, it was put on hold in 2010 before being revived a year later. Rights-of-way issues, route alignment and the high cost have been among the main stumbling blocks.
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Contractors win $213m King Salman airport deal14 July 2026

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A joint venture of Beijing-headquartered China Civil Engineering Construction Corporation and Dammam-based Mofarreh AlHarbi & Partners has won an estimated SR800m ($213m) deal to undertake the enabling and substructure works for Terminal 6 at King Salman International airport (KSIA) in Riyadh.
The contract was awarded by King Salman International Airport Development Company (KSIADC).
In March, MEED exclusively reported that KSIADC had selected three groups for the main construction of Terminal 6.
KSIADC, which is backed by Saudi sovereign wealth vehicle the Public Investment Fund, will initially deliver the Terminal 6 main works on an early contractor involvement basis.
The latest development follows KSIADC’s receipt of prequalification statements from contractors on 1 July for two new packages at KSIA.
These include the construction of a permanent East-West corridor and landside access roads serving the North and South terminals.
In May, KSIADC selected three groups to deliver the Terminal 6 apron, taxiways and other airfield infrastructure at KSIA.
MEED reported in May 2025 that US firm Bechtel Corporation had been appointed as the delivery partner for the terminals at KSIA.
Terminal 6 will boost the airport’s capacity by 40 million passengers.
The project is expected to be delivered before the start of Expo 2030 Riyadh.
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I Squared eyes $2bn deployment across PIF portfolio13 July 2026
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Saudi Arabia's Public Investment Fund (PIF) has signed a memorandum of understanding (MoU) with US infrastructure investor I Squared Capital, under which the firm will pursue the deployment of up to $2bn in real estate and infrastructure assets owned by the sovereign fund and its portfolio companies.
The non-binding agreement, announced on 13 July, will see the two work with PIF portfolio companies to identify opportunities in digital infrastructure and district cooling, which the parties describe as critical enablers of the real estate sector. I Squared will target allocating up to $1bn in each of the two areas, with the option to scale across additional related business themes.
The MoU aligns with PIF's 2026-30 strategic objectives to partner with global investors on opportunities within its portfolio and to maximise the value of its portfolio companies. The collaboration is expected to accelerate project delivery and increase the contribution of third-party capital into opportunities across the portfolio.
Founded in 2012 and headquartered in Miami, I Squared Capital manages $60bn in assets across power and utilities, transport and logistics, digital infrastructure, and environmental and social infrastructure. Its portfolio includes more than 100 companies operating in over 70 countries.
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Former emir of Qatar Sheikh Hamad dies aged 7413 July 2026
Sheikh Hamad Bin Khalifa Al-Thani, the former emir who presided over Qatar's transformation into one of the world's richest states and its largest exporter of liquefied natural gas (LNG), has died at the age of 74.
The Amiri Diwan, Qatar's official administrative office, announced his death on the morning of 12 July, describing him as a great leader and mourning the loss to the nation. The country declared a four-day period of public mourning, with work suspended across ministries, government agencies and public institutions from Monday 13 July until employees resume on Sunday 19 July. Flags are to be flown at half-mast throughout the mourning period. Funeral prayers were held after Maghrib prayer on 12 July at the Imam Muhammad Bin Abdul Wahab Mosque, after which his body was laid to rest in Lusail Cemetery.
Sheikh Hamad ruled Qatar from 1995 to 2013 and led its modern economic development. When he took power from his father, the country's finances were strained and its oil reserves were declining. Over the following 18 years, he oversaw an era of rapid economic, social and cultural change that established Qatar as a significant global player in energy, finance and diplomacy.
Gas foundations
Central to that transformation was the development of Qatar's North Field gas reserves, one of the largest single accumulations of natural gas in the world. Through a series of international partnerships and investments, Sheikh Hamad's government built the infrastructure that turned the country into the world's largest exporter of LNG, a position that underpinned decades of budget surpluses and funded an expansive development programme across construction, infrastructure and social services.
The wealth generated by gas exports allowed Qatar to invest heavily both at home and abroad. Sheikh Hamad founded the Qatar Investment Authority (QIA), the sovereign wealth fund that acquired stakes in assets ranging from the London department store Harrods to the football club Paris Saint-Germain. The QIA remains one of the most active sovereign investors in the world and a cornerstone of Qatar's economic strategy.
Born in Doha in 1952, Sheikh Hamad studied at the UK's Royal Military Academy Sandhurst before joining the Qatar Armed Forces and later serving as defence minister. He was named heir apparent in the late 1970s and took power in 1995 while his father was abroad.
Global profile
Sheikh Hamad used Qatar's growing wealth to raise its international standing well beyond its size. In 1996, he backed the launch of the Al-Jazeera television network, which grew into one of the most influential media organisations in the region and further afield. His government also pursued an active diplomatic role, hosting negotiations and international events that positioned Doha as a mediation hub.
The most prominent, and most contested, achievement of his tenure came in 2010, when Qatar won the right to host the 2022 Fifa World Cup. The tournament prompted a multibillion-dollar construction programme, spanning stadiums, transport networks, hotels and wider urban infrastructure, and accelerated the build-out of projects across the country. The bid and the subsequent preparations drew scrutiny over labour conditions and allegations of corruption, of which Qatar was later cleared.
Sheikh Hamad's rule also brought institutional change, including the promulgation of Qatar's first permanent constitution in 2004 and the introduction of municipal elections in which women were permitted to vote and stand as candidates.
In 2013, he handed power to his son and heir apparent, Sheikh Tamim Bin Hamad Al-Thani, then 33, in a rare voluntary abdication by a hereditary Gulf ruler. The transition allowed for a managed handover of a state that had been reshaped over the previous two decades.
Tributes were offered by leaders across the Gulf and beyond, including UAE President Mohamed Bin Zayed Al-Nahyan, Egyptian President Abdel Fattah El-Sisi and the UK's King Charles III, who said Sheikh Hamad had dedicated many years of distinguished service to Qatar.
Qatar was a British protectorate until 1971, with the Al-Thani family having ruled since 1851. Sheikh Hamad leaves a state whose economic weight, built largely on the gas reserves developed during his reign, continues to shape the wider Gulf economy.
READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDFStress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.
Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:
> AIRPORTS: Dubai and Riyadh reaffirm airport ambitions> INDUSTRY REPORT: Dubai eyes tourism sector recovery> DATA CENTRES: Big Tech falls short on data centre promise> LEADERSHIP: Aramco’s citizen developers accelerate digital changeTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17651433/main.jpg