Chinese firm signs Mubarak port early contractor involvement
2 May 2025
Beijing-headquartered China Harbour Engineering Company, a subsidiary of China Communications Construction Company (CCCC), has signed an early contractor involvement (ECI) agreement with Kuwait to develop the next phases of Kuwait’s Grand Mubarak Port.
According to local media reports, the initial works cover surveying, investigation, hydrological observation, geophysical exploration, testing, model testing, process simulation, design review, owner inspection, preliminary design of sand retaining embankments and on-site services and management.
The project launch ceremony was held in mid-April and was attended by several high-profile representatives from Kuwait and China, including Fu Xuyin, China’s vice-minister of the Ministry of Transport, Zhang Jianwei, the Chinese ambassador to Kuwait, and Nora Mohammad Al-Mashaan, Kuwait’s minister of public works.
In January, MEED reported that Kuwait’s cabinet had approved a bid from China Communications Construction Company to implement all stages of its Mubarak Al-Kabeer Port project.
The country ramped up its efforts on the project after meetings between Kuwaiti and Chinese officials in June last year.
In 2023, the two countries signed a memorandum of understanding for developing infrastructure works for the port.
Phase one of the project cost $1.2bn and was completed in 2014.
The project’s first phase included site levelling and the development of a marina, quay walls, berths, a navigational terminal and port buildings.
The port is not operational because the phase one works did not include vital equipment such as cranes.
It is understood that the completion of phase two will allow the port to start operations.
The full scope for phase two of the project is expected to include:
- Construction of loading and unloading facilities
- Construction of quay walls and reclamation
- Construction of container yard and back of the port
- Infrastructure works
- Construction of buildings
- Construction of container terminal
- Construction of associated facilities
- Installation of safety and security systems
A third phase is also planned, which will further expand the port.
The latest developments follow a series of agreements signed in September 2023 to deliver some of Kuwait’s immediate development goals between 2024 and 2028. These agreements will position Chinese companies to play a leading role in the Fourth Kuwait Master Plan 2040.
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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Consultant wins Jeddah metro design22 May 2026
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Eni makes oil and gas discovery in Egypt22 May 2026
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Consultant wins Jeddah metro design22 May 2026

French engineering firm Egis has been appointed to undertake the preliminary design consultancy for the Jeddah Metro Blue Line project.
The project client, Jeddah Development Authority, issued the tender in early January, when MEED exclusively reported that Saudi Arabia had restarted plans to build the Jeddah Metro.
Engineering consulting firms submitted bids in April, as MEED reported.
The Blue Line will run from King Abdulaziz International airport and connect to the Haramain high-speed railway station.
The line will be 35 kilometres (km) long and will include 15 stations.
Project history
Plans for the Jeddah Metro were first publicly floated in the early 2010s and were formally packaged into a wider Jeddah public transport programme around 2013-14.
In 2014, French engineering firm Systra was appointed to complete preliminary engineering for the Jeddah Metro, as MEED reported at the time.
In the same year, US-based engineering firm Aecom was awarded a SR276m ($74m) contract to provide pre-programme management consultancy services.
Under its 18-month contract, Aecom was expected to provide staff to support preliminary planning and design work for various phases of the metro project.
This was followed by the appointment of UK-based architectural firm Foster + Partners in 2015 to design the metro stations.
The project then stalled as government spending priorities were reset and major capital programmes were reviewed following the fall in oil prices in 2015, with the metro’s scope, cost and delivery model coming under reassessment.
Early concept designs envisaged a multi-line network integrated with buses and, later, other city-wide mobility upgrades.
Route details
According to Jeddah Transport Company’s website, the scheme comprises 81 stations and 197 trains serving more than 161km. The network will have four lines:
- Orange Line: a 44.8km line running along Al-Madinah Road and Old Makkah Road, with 29 stops including one at Obhur Bridge
- Blue Line: a 35km line running from King Abdulaziz International airport to the Haramain high-speed railway station, with 15 stations
- Green Line: a 17km line running through the city centre, from the downtown area to the Haramain railway station, with nine stops
- Red Line: A 59.7km line running from King Abdullah Stadium north to Old Makkah Street through King Abdulaziz Road and King Abdullah Road, with 25 stops
> Be recognised among the best in the industry at the MEED Projects Awards 2026 …
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Egypt signs gas deal with QatarEnergy and Exxon Mobil22 May 2026
Egypt’s Ministry of Petroleum & Mineral Resources has signed a preliminary gas agreement with state-owned QatarEnergy and US-based Exxon Mobil.
The memorandum of understanding (MoU) focuses on cooperation in the development of natural gas discoveries in Cyprus.
The plan involves transporting gas from offshore discoveries in Cypriot waters to Egypt via pipelines.
In a statement, Egypt’s Ministry of Petroleum & Mineral Resources said that the deal would strengthen the North African country’s status as a regional hub for natural gas trading.
The agreement was witnessed by Egypt’s Prime Minister Mustafa Madbouli.
It was signed by Muhammad Al-Bajouri, from the legal affairs department of the Ministry of Petroleum & Minerals, and Kanan Nariman, vice-president for the development of liquefied natural gas (LNG) at Exxon Mobil.
It was also signed by Ali Immunae, director of international exploration and production at QatarEnergy.
Commenting on the MoU signing, Saad Sherida Al-Kaabi, the minister of state for energy affairs, and president and chief executive of QatarEnergy, said: “This MoU represents an important step in advancing regional energy cooperation across the Eastern Mediterranean through unlocking the long-term commercial potential of natural gas resources across that region.”
Egypt’s Ministry of Petroleum & Mineral Resources said the agreement paved the way for QatarEnergy and Exxon to take advantage of existing Egyptian infrastructure in the gas sector, especially the country’s existing LNG export terminals.
Under the terms of the agreement, a study will be conducted to analyse the feasibility of linking the gas discoveries in Cyprus to Egypt’s gas facilities.
The signatories will also establish a commercial framework aimed at achieving “the maximum possible benefit from natural gas resources in both Egypt and Cyprus”.
Egypt’s Minister of Oil and Gas Karim Badawi said the ministry has been working with ExxonMobil to explore cooperation on the development of gas discoveries in Cyprus.
He said the partnership with Egypt would help QatarEnergy and Exxon reduce the cost of developing the discoveries while allowing Egypt to achieve an economic return.
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/16944918/main.jpg -
Kuwait’s Heisco working on active projects worth $3.5bn22 May 2026

Kuwait’s Heavy Engineering Industries & Shipbuilding Company (Heisco) is in a strong position to weather challenges in the country’s project market, with active projects worth $3.5bn, according to documents seen by MEED.
The company also has active maintenance and service contracts that are worth $843m.
Heisco’s projects span the oil, gas, power, water, construction, transport and industrial sectors.
The company’s biggest active project contract is the $576m project to upgrade Kuwait’s Doha West power station.
This contract was awarded to Heisco by Kuwait’s Ministry of Electricity, Water & Renewable Energy (MEW) in July 2024.
The company’s second-biggest active project is focused on the construction of crude oil pipelines and associated works in North Kuwait.
This $565m contract was awarded to Heisco by Kuwait’s state-owned upstream operator Kuwait Oil Company (KOC) in February this year.
Other major project contracts include a $442m MEW contract for the rehabilitation of the Az-Zour South power and water distillation station and a $223m KOC contract for the construction of flowlines and associated works in the West Kuwait Area.
Heisco’s biggest active maintenance contract is worth $295m and is focused on providing mechanical maintenance services at Kuwait’s Mina Abdullah Refinery.
This contract was awarded by the state-owned downstream operator Kuwait National Petroleum Company (KNPC) in July 2023 and it officially started in September that year.
The contract is currently due to conclude in November 2028.
Heisco’s second-biggest active maintenance contract is worth $95m and was awarded by Wafra Joint Operations (WJO) for work in the Divided Zone, which is shared by Kuwait and Saudi Arabia.
WJO’s onshore operations cover an area of about 5,000 square kilometres in the Divided Zone.
Saudi Arabian Chevron and Kuwait Gulf Oil Company are equal shareholders in WJO.
Six major fields have been discovered in the WJO area to date: Wafra, South Fuwaris, South Umm-Gudair, Humma, Arq and North Wafra.
Heisco’s Wafra maintenance contract was awarded in October last year and officially started in November the same year.
The contract is expected to conclude in May 2031 and its scope is focused on the maintenance of tanks and vessels as well as the provision of welding services.
Market headwinds
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.
While the closure of the Strait of Hormuz is expected to have a significant impact on Kuwait’s project sector for some time, Heisco’s strong project pipeline is likely to help it weather the challenging economic environment.
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/16792105/main.png -
Eni makes oil and gas discovery in Egypt22 May 2026
A joint venture of Italy’s Eni and state-owned Egyptian General Petroleum Corporation (EGPC) has made a major oil and gas discovery in Egypt’s Western Desert region.
The partnership, known as Agiba Petroleum Company, made the discovery with an exploratory well drilled in the Bustan South block.
Initial estimates indicate the presence of approximately 330 billion cubic feet of gas and 10 million barrels of condensate and crude oil.
Together, this is a total of 70 million barrels of oil equivalent (boe), making the discovery Agiba Petroleum Company’s biggest in 15 years.
The new discovery is located only 10 kilometres from existing facilities and infrastructure, which should enable rapid development and connection to production.
The well revealed several sandstone and limestone reservoirs, according to a statement from Egypt’s Ministry of Petroleum & Mineral Resources.
The ministry said: “This new discovery reflects the success of the Ministry of Petroleum & Mineral Resources’ efforts and the incentives it offered to partners to intensify exploration activities in areas adjacent to existing fields.
“This facilitates new discoveries near existing infrastructure and production facilities without the need for new infrastructure development.
“This contributes to reducing the cost of producing a barrel, accelerating the integration of discoveries into the production map, and encouraging partners to implement the latest data collection and analysis technologies to increase the chances of successful exploration.”
Egypt is seeing increased interest in its oil and gas resources due to disruptions to shipping through the Strait of Hormuz, which have significantly reduced oil and gas exports from the GCC and Iraq.
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/16944815/main.jpg -
Wasl Group launches Cedarwood Estates South villas21 May 2026
Dubai-based real estate developer Wasl Group has announced the launch of Cedarwood Estates South, the newest addition to its expanding freehold portfolio in Dubai.
The project is located within The Next Chapter, Wasl’s development in the Jumeirah Golf Estates area.
Cedarwood Estates South features 74 villas in four-, five- and six-bedroom layouts.
The launch follows Wasl Group’s award of a contract to Beijing-headquartered China State Construction Engineering Corporation to develop the overall infrastructure for The Next Chapter.
The masterplan spans 4.68 million square metres across six districts: Central Park, The Village, Town Centre & Grand Lake, Golf Course North, Golf Course South and Equestrian Village.
The development will offer 780 villas, 62 mansions, 97 branded residences, 752 estate homes and 10,654 apartments.
It will also include a five-star Mandarin Oriental resort, a tennis stadium, an 18-hole golf course and academy, an equestrian centre, a school, retail centres and other associated facilities.
Wasl Group is one of Dubai’s largest real estate development and asset management entities, established in 2008 by the Dubai Real Estate Corporation.
The company was set up to consolidate and manage a significant portfolio of government-owned real estate assets.
Headquartered in Dubai, Wasl operates across residential, commercial, hospitality and mixed-use segments, and is known for masterplanned communities and urban regeneration projects.
Over the years, Wasl has delivered several mid- to large-scale developments and partnered with international hospitality brands through its Wasl Hospitality arm, helping to expand Dubai’s hotel inventory and support the city’s wider tourism and economic growth agenda.
According to data from regional projects tracker MEED Projects, Wasl Group has a portfolio of over 128 projects, valued at about $18bn.
Wasl’s major developments include Wasl1, Wasl Gate, Wasl Village and Wasl 51.
Its asset portfolio includes notable landmarks such as the Mandarin Oriental Hotel, One & Only The Palm, One & Only Royal Mirage, Nikki Beach, Grand Hyatt Dubai, Le Meridien Mina Seyahi Beach Resort & Marina, the Westin Dubai Mina Seyahi Beach Resort & Marina, Dubai Creek Golf & Yacht Club and Emirates Golf Club.
> Be recognised among the best in the industry at the MEED Projects Awards 2026 …
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