Related Articles

• 
  Saudi crown prince launches King Salman Gate project

  16 October 2025

  Register for MEED’s 14-day trial access 

  Saudi Arabia's Crown Prince, Mohammed Bin Salman Bin Abdulaziz Al-Saud, has launched a mixed-use development in Mecca known as King Salman Gate.

  The project will have a gross floor area of over 12 million square metres (sq m) and will be adjacent to the Holy Mosque in Mecca.

  The integrated mixed-use development will offer residential, hospitality, commercial and cultural facilities. The project will also add capacity for approximately 900,000 indoor and outdoor prayer spaces.

  HRH Crown Prince announces the launch of #King_Salman_Gate, a transformative multi-use development in the Holy City of Makkah. pic.twitter.com/JLxCi8J50W

  — Public Investment Fund (@PIF_en) October 15, 2025

  The King Salman Gate project will be developed by Rua Al-Haram Al-Makki Company, which is backed by Saudi Arabia's sovereign wealth vehicle, the Public Investment Fund (PIF).

  In an official statement published by the Saudi Press Agency, the firm said: "The project will also restore and develop approximately 19,000 sq m of heritage sites, preserving Mecca’s cultural and historical legacy. The project will contribute to Saudi Vision 2030’s goals of economic transformation through generating more than 300,000 jobs by 2036."

  The statement added: "The company aims to support the PIF’s strategy by advancing urban development around the Al-Masjid Al-Haram to establish Mecca as a global benchmark for real estate development."

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14882493/main.jpg

  Yasir Iqbal
• 
  Local firm wins Oman wastewater consultancy deal

  16 October 2025

  Register for MEED’s 14-day trial access 

  Muscat-based Monenco Consulting Engineers has been appointed as the consultant for a major wastewater network upgrade and extension project in Dhofar Governorate in Oman.

  The three-year contract was awarded by Nama Dhofar Services, a subsidiary of state-owned Nama Group responsible for elecricity, water and wastewater services in the southern Omani governorate.

  The project includes design and supervision services across civil, structural, mechanical, electrical, hydraulic and control disciplines. It is part of broader efforts to expand critical utility networks in the governorate, which is Oman’s largest by area.

  In February, Nama Dhofar Services commissioned the RO45m ($117m) Sahalnout sewerage project in Salalah, one of the largest wastewater infrastructure schemes in the Dhofar region.

  It said the scheme will serve 4,000 connection points initially, with plans for future expansion to accommodate up to 20,000.

  The utilities provider also recently carried out site assessments in the wilayat of Sadah for a planned wastewater treatment facility, part of its strategy to increase coverage from Salalah's current 76% to 95%.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14882927/main.jpg

  Mark Dowdall
• 
  Wood Group CEO to step down following takeover deal

  16 October 2025

  Register for MEED’s 14-day trial access 

  Ken Gilmartin has informed the board of directors of Wood Group of his intention to step down from his position as group CEO of the company and as a director on its board, according to a statement from the UK-based engineering company.

  The announcement comes less than two months after Wood agreed to a $292m conditional takeover bid from Dubai-based Sidara.

  Gilmartin will step down after an upcoming shareholder vote on the Sidara transaction and until then will remain in post to support an orderly transition, according to a statement from Wood.

  Iain Torrens, currently the company’s interim group chief financial officer (CFO), will take on the role of CEO following Gilmartin’s departure.

  A process is under way to identify a new CFO and further announcements will be made in due course on that appointment and the timing of Gilmartin’s departure, Wood said.

  The company’s chairman, Roy Franklin is also due to step down in the near future. In May this year, he said that he will step down “as soon as there is greater clarity regarding Wood’s future direction”.

  Commenting on the departure of Gilmartin and the appointment of Torrens, Franklin was quoted in the Wood statement as saying: “We are pleased to announce the appointment of Iain as Wood’s new CEO. Since joining the company earlier this year, Iain has demonstrated experience, leadership and decisiveness to guide the business through a very challenging period.

  “The board is confident he is well-placed to lead the company into its next chapter.”

  In June, Wood announced the appointment of Nick Shorten as the new executive vice-president of the company's projects business unit.

  Wood in Mena

  As of February, Wood Group employed 35,000 people across about 60 countries, many in consulting and engineering roles.

  In the Middle East, the company has project contracts in Iraq; Kuwait; Oman; Qatar; Saudi Arabia; and the UAE, where it has opened its third office in Sharjah.

  The firm’s regional projects pipeline includes pre-front-end engineering and design work on Saudi Aramco’s Southern and Northern Areas project in Saudi Arabia.

  It is also delivering integrated front-end engineering and design, detailed design, procurement support and construction and commissioning services for TotalEnergies in Iraq.

  Despite several years of financial difficulties, Wood Group’s integration into Sidara will significantly boost UAE-based engineering capacity – at a time when many firms in the Middle East and North Africa (Mena) region cite attracting and retaining top engineering talent as a major challenge.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14877262/main0259.jpg

  Wil Crisp
• 
  Saudi firm signs $5.4bn oil and gas contract in Algeria

  15 October 2025

  Register for MEED’s 14-day trial access 

  Algeria's national oil and gas company Sonatrach and Saudi Arabia-based Midad Energy have signed a hydrocarbons exploration and production sharing agreement related to Algeria’s Illizi South block.

  The agreement is valued at $5.4bn and has a duration of 30 years, with the option to be extended for an additional 10 years, according to a statement by Sonatrach.

  This contract was signed by Sonatrach CEO Rachid Hachichi and the CEO of Midad Energy North Africa, Sheikh Abdelilah Ben Mohamed Ben Abdellah Al-Aiban, at Sonatrach’s headquarters in Algiers.

  The investments for exploration and exploitation of the block, which is located about 100 kilometres south of In Amenas, will be financed entirely by Midad Energy and include $288m allocated for research investments.

  The contract has a research period of seven years and was singed within the framework of Algeria’s Law 19-13 for hydrocarbons, which came into effect in December 2019.

  ALSO READ: Algeria makes provisional award for downstream project

  In a statement, Sonatrach said: “The work programme associated with this contract will be implemented in strict compliance with environmental protection requirements and in accordance with applicable Algerian regulations.

  “This programme also includes the use of the latest technological and digital solutions,” it added.

  Projected production from the Illizi South offshore development by the end of the contractual period is estimated at 993 million barrels of oil equivalent, including 125 billion cubic metres of marketable gas and 204 million barrels of liquid fuels.

  The expected 204 million barrels of liquid fuels includes 103 million barrels of liquefied petroleum gas (LPG) and 101 million barrels of condensates.

  The latest contract signed by Sonatrach and Midad Energy follows on from an agreement protocol concluded between the two companies on 3 March 2024.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14866259/main1744.jpeg

  Wil Crisp
• 
  Indian company wins gas project contract in Kuwait

  15 October 2025

  Register for MEED’s 14-day trial access 

  State-owned upstream operator Kuwait Oil Company (KOC) has awarded a contract for its planned project to develop a gas sweetening and recovery facility in West Kuwait to Indian contractor Megha Engineering & Infrastructure (MEIL).

  Hyderabad-based MEIL submitted the lowest bid for the tender, at KD69.2m ($225.5m), in February this year.

  The full list of prices that were submitted was:

  • L1 – MEIL (India): KD69.2m
  • L2 – Al-Khorayef (Saudi Arabia): KD74.5m
  • L3 – Mechanical Engineering & Contracting Company (Kuwait): KD94.8m
  • L4 – China Oil HBP Science & Technology Corporation (China): KD97.9m
  • L5 – Spetco (Kuwait): KD99.5m
  • L6 – Jereh Oil & Gas Corporation (China): KD102.8m

  The project uses the build-operate-transfer contract model and has been split into two parts. KOC has informed contractors that the two stages will be performed independently.

  The project execution stage will cover:

  • Licensing
  • Design
  • Engineering
  • Health, safety and environment services
  • Project management
  • Supply
  • Shipment
  • Procurement
  • Construction
  • Testing
  • Mechanical completion
  • Pre-commissioning
  • Commissioning
  • Stabilisation
  • Performance testing of the facility

  The operation and maintenance stage will cover:

  • Operation and maintenance of the facility
  • Performance of all associated safety, quality control and environmental protection services
  • All other inherent and related obligations

  In November 2024, KOC's parent entity, Kuwait Petroleum Corpration (KPC), confirmed that it plans to spend $410bn on its long-term energy strategy.

  Bader Ebrahim Al-Attar, KPC’s managing director of planning and finance, said the company plans to spend the money until 2050.

  The strategy involves raising KPC’s overall oil production capacity to 4 million barrels a day by 2035.

  https://image.digitalinsightresearch.in/uploads/NewsArticle/14866258/main0806.jpg

  Wil Crisp