Joint venture selected for Oxagon port work
4 October 2023
Belgium’s Deme with Greece’s Archirodon has been selected for the estimated $1bn contract to complete the next phase of the Duba port expansion at Oxagon industrial city.
The second phase follows the award of a contract to deliver the first phase of the port expansion. A team of Boskalis, Besix and the local Modern Building Leaders (MBL) was awarded that estimated SR3bn ($800m) contract in mid-January.
The scope of the Duba port expansion package includes excavation and dredging, revetments for channel widening, demolition, container terminal quay expansion and earthworks, in addition to the development of a flexible quay, a roll-on/roll-off (RoRo) berth and quay walls to a marine services berth and a coast guard facility.
The other bidders that competed for the contract included Van Oord of the Netherlands with South Korea’s Hyundai Engineering & Construction; a Belgian joint venture of Jan de Nul and Besix; Netherlands-based Boskalis with France’s Soletanche Bachy; South Korea’s Daewoo; and China Harbour Engineering Company.
Jacobs is the main design consultant, with Moffatt & Nichol, IGO and Trent as the main sub-consultants.
Crown Prince Mohammed bin Salman launched Oxagon in late 2021. It will include onshore elements as well as floating structures offshore. Construction works on the 48 square-kilometre, eight-sided industrial city have already started.
An expanded Duba port is a critical component of Oxagon and the broader Neom development, as it will allow greater volumes of materials to be imported for the project. With an expected investment value of $500bn, Neom is the largest programme of construction work in the world.
Exclusive from Meed
-
-
-
Kuwait tenders upstream oil project12 May 2026
-
-
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Abu Dhabi announces $15bn infrastructure PPP projects12 May 2026
The Abu Dhabi Investment Office and the Abu Dhabi Projects and Infrastructure Centre have launched a AED55bn ($15bn) public-private partnership (PPP) pipeline of 24 projects to be tendered in 2026 and 2027.
The projects will be tendered across the transport, infrastructure and social sectors.
According to a statement published by the Abu Dhabi Media Office, the transport sector accounts for 11 road projects, with AED35bn ($9.5bn) of construction capex, covering more than 300 kilometres of new and upgraded roads, tunnels, intersections and related network works.
The infrastructure pipeline includes five projects budgeted at AED11bn ($3bn), covering dams, water storage, flood control, stormwater upgrades and urban landscaping.
Social infrastructure includes eight projects budgeted at AED9bn ($2.5bn), covering sports facilities, specialist healthcare assets, schools and university campuses.
The statement added that the pipeline forms part of Abu Dhabi’s infrastructure delivery plan and will be executed through PPP structures.
It is also intended to support company establishment in the emirate, local content objectives, and supply-chain and industrial capacity.
.@InvestAbuDhabi and @ADPIC_ae have launched a AED55 billion public-private partnership pipeline, marking the next phase of Abu Dhabi’s long-term infrastructure delivery strategy, ahead of preparations to host Abu Dhabi Infrastructure Summit 2026. pic.twitter.com/a8U1LWURSz
— مكتب أبوظبي الإعلامي (@ADMediaOffice) May 11, 2026
https://image.digitalinsightresearch.in/uploads/NewsArticle/16793904/main.jpg -
Saudi Arabia tenders GCC rail link from Kuwait to UAE border12 May 2026

Saudi Arabia has begun the procurement process to deliver its portion of the GCC railway, which will connect all six member states.
Saudi Arabia Railways (SAR) issued a tender for design consultancy services for the project on 7 May.
The kingdom’s section of the railway will start at Al-Khafji in the Eastern Province, near the border with Kuwait, and end at Al-Batha, at Saudi Arabia’s border with the UAE. The route length in Saudi Arabia will be about 672 kilometres (km).
The railway will interface with the Kuwait National Rail Road (KNRR) project on the Kuwaiti side. Last year, MEED exclusively reported that the KNRR design contract was awarded to Türkiye’s Proyapi Muhendislik ve Musavirlik Anonim Sirketi.
The KNRR forms part of the wider GCC rail network. GCC railway projects have been progressing with renewed impetus since the six member states signed the Al-Ula Declaration in January 2021.
In October last year, the Qatari cabinet approved a draft agreement paving the way for a railway link between Qatar and Saudi Arabia as part of the GCC railway network.
GCC railway line
Under the overall plan, the railway will span 2,186 kilometres, beginning in Kuwait, passing through Dammam in Saudi Arabia, reaching Bahrain via a planned causeway, and continuing from Dammam to Qatar, the UAE and, ultimately, Muscat via Sohar in Oman.
The network’s route length within each member state is as follows: 684km in the UAE, 672km in Saudi Arabia, 306km in Oman, 283km in Qatar, 145km in Kuwait and 36km in Bahrain.
The railway is designed for passenger trains travelling at 220 kilometres an hour (km/h) and freight trains operating at 80-120km/h.
With high levels of project activity, governments in spending mode and renewed cooperation under the Al-Ula Declaration, the latest efforts to restart the GCC railway project may make more progress than previous attempts. If completed, the railway could prove transformational for a region that is globally connected but divided between its constituent parts.
> Be recognised among the best in the industry at the MEED Projects Awards 2026 …
https://image.digitalinsightresearch.in/uploads/NewsArticle/16793841/main.jpg -
Kuwait tenders upstream oil project12 May 2026
State-owned upstream operator Kuwait Oil Company (KOC) has tendered a contract to develop power infrastructure to provide electricity to the country’s Bahra oil field.
The project focuses on constructing an 11kV, 72MW main intake in the Bahra-A area.
It also includes the development of 11kV, 20MW substations in the Bahra-A2 area, and the conversion of a substation in the Bahra-A1 area in northern Kuwait.
An initial meeting for the project is scheduled for 7 June, and bids are due by 9 August.
Kuwait’s oil and gas sector has been severely impacted by the blockade of the Strait of Hormuz, through which all of its crude exports are normally shipped.
The country recorded zero crude oil exports in April for the first time since the end of the Gulf War in 1991, according to shipping monitor TankerTrackers.com.
READ THE MAY 2026 MEED BUSINESS REVIEW – click here to view PDFGlobal energy sector forced to recalibrate; Conflict hits debt issuance and listings activity; UAE’s non-oil sector faces unclear recovery period amid disruption.
Distributed to senior decision-makers in the region and around the world, the May 2026 edition of MEED Business Review includes:
> REGIONAL LNG: War undermines business case for Middle East LNG> CAPITAL MARKETS: Damage avoidance frames debt issuance> MARKET FOCUS: Conflict tests UAE diversificationTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16792080/main.png -
Chinese company signs deal to develop Syria cement plant12 May 2026
China’s Jiangsu Pengfei Group has signed a deal with Damascus-based Al-Hasan Holding Group (HHG) to develop a cement plant in Syria’s Raqa governorate.
The “strategic agreement” was signed on 29 April, according to a statement from HHG.
The clinker production line will have a capacity of 5,000 tonnes a day (t/d).
Syria is seeking to expand cement production capacity to meet demand from the domestic construction sector.
HHG is an integrated investment conglomerate headquartered in Damascus with a portfolio of companies across sectors including industry, trade, energy, construction, tourism and services.
It was founded by the Syrian businessman Hassan Kamel Al-Hasan.
Jiangsu Pengfei Group is a manufacturer of rotary kiln and grinding equipment.
The company is involved in the design, manufacture and service of equipment in the fields of building materials, metallurgy and the chemical industry.
It is also an engineering, procurement and construction service provider that has completed more than 100 cement production line projects.
READ THE MAY 2026 MEED BUSINESS REVIEW – click here to view PDFGlobal energy sector forced to recalibrate; Conflict hits debt issuance and listings activity; UAE’s non-oil sector faces unclear recovery period amid disruption.
Distributed to senior decision-makers in the region and around the world, the May 2026 edition of MEED Business Review includes:
> REGIONAL LNG: War undermines business case for Middle East LNG> CAPITAL MARKETS: Damage avoidance frames debt issuance> MARKET FOCUS: Conflict tests UAE diversificationTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16792079/main.jpg -
Libya’s national oil company takes control of key refinery12 May 2026
Libya’s state-owned National Oil Corporation (NOC) has signed an agreement to take full control of the country’s Ras Lanuf refinery.
The agreement marks the end of a decade-long dispute with UAE-based Trasta Energy.
NOC has signed a final agreement with Trasta to end their partnership in the Libyan Emirates Oil Refining Company (Lerco), giving the NOC full ownership of the Ras Lanuf refinery and petrochemical complex, according to a statement.
In its statement, NOC said the deal was one of the most important developments in Libya’s oil sector since the 2011 uprising and closed one of the industry’s most complex disputes.
NOC also said that the deal has paved the way for a new phase of rehabilitation, operation and development.
Some analysts have linked tensions in the partnership to political divisions in Libya and the UAE’s support for eastern military commander Khalifa Haftar.
Lerco was established as a joint venture to operate and develop the Ras Lanuf complex, but operations were disrupted after Libya’s civil war, which started in 2011 and overthrew Muammar Gaddafi.
The Ras Lanuf complex is located about 600 kilometres east of Tripoli on Libya’s northeastern coast and has the capacity to refine about 220,000 barrels of oil a day (b/d), which would make it the country’s largest if it comes online.
It includes a refinery, storage facilities, export terminals and petrochemical units.
Under the agreement, all of Trasta’s shares will be transferred to the NOC, allowing the complex to operate under full Libyan management.
Political instability and security problems have led to repeated problems in Libya’s downstream sector over the past decade.
On 10 May, it was announced that the Zawiya refinery, which is the country’s largest functioning oil refinery, and the nearby oil port were resuming operations after military clashes forced the refinery to shut down for two days.
Azzawiya Oil Refining Company, which operates the facility, said it had decided to lift the state of emergency, allowing work to resume at the site.
READ THE MAY 2026 MEED BUSINESS REVIEW – click here to view PDFGlobal energy sector forced to recalibrate; Conflict hits debt issuance and listings activity; UAE’s non-oil sector faces unclear recovery period amid disruption.
Distributed to senior decision-makers in the region and around the world, the May 2026 edition of MEED Business Review includes:
> REGIONAL LNG: War undermines business case for Middle East LNG> CAPITAL MARKETS: Damage avoidance frames debt issuance> MARKET FOCUS: Conflict tests UAE diversificationTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16792076/main.jpg

