Related Articles

• 
  Sports Boulevard tenders Global Sports Tower

  12 August 2025

  

   

  Saudi Arabia’s Sports Boulevard Foundation has issued a tender inviting firms to bid for a contract to build its Global Sports Tower in the Athletics District of the Sports Boulevard development in Riyadh.

  The tender was issued on 31 July with a submission deadline of 30 September.

  The 130-metre-tall Global Sports Tower will cover an area of 84,000 square metres (sq m) and will include over 30 different sports facilities.

  The tower will have the world’s tallest indoor climbing wall at 98 metres and a 250-metre running track.

  In May, MEED exclusively reported that Sports Boulevard Foundation had completed the design work on Global Sports Tower and the tender was expected to be issued imminently.

  Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud approved designs for Global Sports Tower in July last year.

  Sports Boulevard runs through Riyadh from east to west. Once complete, it will be the world’s longest park, at over 135 kilometres.

  The project will be spread across different districts within the park. These include the Wadi Hanifah, Arts, Urban Wadi, Entertainment, Athletics and Eco districts and Sands Sports Park.

  The large-scale project aims to transform the cityscape of central Riyadh, which is currently dominated by major highways, into a recreational area.

  Sports Boulevard will feature 4.4 million sq m of public realm and landmark buildings, including Global Sports Tower, the Centre for Cinematic Arts and a 2,000-seat amphitheatre.

  The development will also offer over 2.3 million sq m of mixed-use commercial, residential and retail assets and sports facilities around the park, which is called Linear Park.

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14451862/main.jpeg

  Yasir Iqbal
• 
  Emerge and EDB to collaborate on UAE solar projects

  11 August 2025

  UAE-based renewable energy firm Emerge and Emirates Development Bank (EDB) have signed a memorandum of understanding (MoU) for potential collaboration in developing and financing distributed solar projects in the UAE.

  Under the MoU, Emerge – a joint venture of Abu Dhabi Future Energy Company (Masdar) and France’s EDF Group – will identify potential financing opportunities for renewable energy projects.

  EDB will explore the provision of financing support for projects that Emerge intends to develop.

  Emerge was formed in 2021 to develop distributed solar, battery storage, off-grid solar and hybrid solutions for commercial and industrial sectors.

  The company currently supplies clean electricity to more than 40 commercial, industrial, educational and hospitality sites in the GCC region. It also manages a portfolio exceeding 250 megawatt-peak, spanning both operational projects and those under development.

  ALSO READ: Sharjah inaugurates its first solar plant developed by SNOC and Emerge

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14446993/main50545028.jpg

  MEED Editorial
• 
  Riyadh to tender Expo 2030 infrastructure in Q3

  11 August 2025

  

   

  Saudi Arabia’s Expo 2030 Riyadh Company (ERC), tasked with delivering the Expo 2030 Riyadh venue, is expected to float the tender for the project's initial infrastructure works by September.

  Earlier in August, MEED exclusively reported that ERC had received interest from contractors on 24 July for the infrastructure package.

  MEED understands the expression of interest notice was issued on 17 July.

  The infrastructure works covering the construction of main utilities and civil works will be tendered in three packages:

  • Lot 1 covers the main utilities corridor
  • Lot 2 includes the northern cluster of the nature corridor
  • Lot 3 comprises the southern cluster of the nature corridor

  The tendering for the infrastructure package follows ERC receiving bids from firms on 6 July for a contract to build the site offices required for initial construction works at the project.

  In July, US-based engineering firm Bechtel Corporation announced it had won the project management consultancy deal for the delivery of the Expo 2030 Riyadh masterplan construction 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 June, the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth vehicle, launched ERC as a wholly-owned subsidiary to build and operate facilities for Expo 2030.

  In a statement, the PIF 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.”

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14445633/main.jpg

  Yasir Iqbal
• 
  Kuwait signs developer agreement for its largest IWPP

  11 August 2025

  Register for MEED’s 14-day trial access 

  Saudi Arabia’s Acwa Power and Kuwait-based financial institution Gulf Investment Corporation (GIC) have signed a letter of agreement to develop the Al-Zour North phase 2 and 3 independent water and power project (IWPP) in southern Kuwait.

  The project is set to be the largest IWPP plant in Kuwait, with a net power generation capacity of at least 2,700MW and a net desalinated water production capacity of at least 120 million imperial gallons a day.

  The partners will investment more than $4bn in developing the Al-Zour North phase 2 and 3 IWPP, which will support Kuwait’s electricity generation and water security infrastructure.

  The Acwa Power and GIC consortium have signed a letter of agreement with the Kuwait Authority for Partnership Projects Authority (Kapp) and the country’s Ministry of Electricity, Water & Renewable Energy. Under a 25-year offtake agreement, the Acwa Power-led consortium will design, finance, build, operate, maintain and transfer the plant and its associated facilities under a build, operate and transfer model.

  The consortium and Kapp will establish a project company in which the former will a hold 40% stake and Kapp will retain the other 60% share capital. Kapp will then allocate 50% of the company’s capital for public subscription by Kuwaiti citizens after the project becomes fully operational by 2029 and is listed on the Kuwait Stock Exchange.

  Ibrahim Ali Al-Qadhi, CEO of GIC, said: “This project represents a landmark investment in GIC portfolio, utilising the latest technologies and highest global standards in power generation and water desalination.”

  Raad Al-Saady, managing director and vice chairman of Acwa Power, said: “We look forward to bringing our experience from a diverse portfolio of projects worldwide and applying our expertise in the build-operate-transfer model in close partnership with our counterparts in Kuwait.

  “Together, we will work to enhance the reliable and sustainable delivery of power and water in Kuwait, further strengthening our shared efforts towards energy transition and water security,” Al-Saady said.

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14445658/main5919.jpg

  MEED Editorial
• 
  QatarEnergy selects contractors for Bul Hanine oil field project

  11 August 2025

  QatarEnergy has selected contractors for engineering, procurement and construction (EPC) works on a project to maintain and increase the oil production potential of the Bul Hanine offshore oil field development.

  QatarEnergy divided the EPC scope of work on the Bul Hanine expansion project into three main packages.

  State-owned China Offshore Oil Engineering Company (COOEC) has been selected for the first two EPC packages, while Qatari contractor Doha Petroleum Construction Company (Dopet) has been picked for the third EPC package, according to sources.

  Additionally, COOEC has appointed US-based KBR to provide detailed engineering services for the first and second EPC packages, sources told MEED.

  QatarEnergy received technical bids for the three EPC packages in late January and early February.

  Contractors submitted commercial bids for the first package on 13 July, and for the second and third packages on 7 July, MEED previously reported.

  The following contractors, among others, are understood to have been bidding for the Bul Hanine offshore oil field development expansion project:

  • China Offshore Oil Engineering Company (China)
  • Doha Petroleum Construction Company (Qatar)
  • Larsen & Toubro Energy Hydrocarbon (India)
  • McDermott (US)
  • PetroVietnam Technical Services (Vietnam)

  Qatar's Bul Hanine oil field lies about 120 kilometres offshore in the Gulf’s waters. The field has been in production since 1972 and has produced more than 1.3 billion barrels of oil to date, with an average rate of production of 40,000 barrels a day (b/d).

  Through this project, QatarEnergy intends to increase and stablise the field’s output to 93,000 b/d.

  EPC works on the first package cover:

  • Installation of four wellhead platforms, requiring 80,000 tonnes of fabrication work
  • Expansion of existing offshore production stations
  • Construction of living quarters
  • Construction of utilities platform
  • Installation of gas-injection platform
  • Installation of riser platform
  • Modifications to existing structures
  • Installation of safety and security systems

  EPC works on the second package cover:

  • Installation of subsea pipelines
  • Installation of umbilicals
  • Installation of subsea cables
  • Installation of associated offshore infrastructure.

  EPC works on the third package cover:

  • Installation of brownfield hookups
  • Installation of flowlines
  • Laying of pipelines
  • Maintenance works
  • Associated offshore infrastructure.

  ALSO READ: Contractors submit revised prices for QatarEnergy NGL train project

  

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14445614/main1052.jpg

  Indrajit Sen