Contractors submit prices for Bul Hanine offshore field project
22 July 2025
Contractors have submitted commercial bids to QatarEnergy for a project to maintain oil production from the Bul Hanine offshore oil field development.
QatarEnergy has divided the engineering, procurement and construction (EPC) scope of work on the Bul Hanine offshore oil field development project into two main packages.
Contractors submitted commercial bids for the first package on 13 July and for the second package by 7 July, according to sources.
QatarEnergy received technical bids for the two packages in late January and early February.
The following contractors, among others, are understood to be bidding for the Bul Hanine offshore oil field development project:
- China Offshore Oil Engineering Company
- 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 covers:
- 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 covers:
- Installation of subsea pipelines
- Installation of umbilicals
- Installation of subsea cables
- Installation of associated offshore infrastructure.
ALSO READ: Firms submit bids for new QatarEnergy LNG gas project package
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UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge
Distributed to senior decision-makers in the region and around the world, the July 2025 edition of MEED Business Review includes:
> AGENDA: UAE-Turkiye trade gains momentum
> INTERVIEW 1: Building on UAE-Turkiye trade
> INTERVIEW 2: Turkiye's Kalyon goes global
> INTERVIEW 3: Strengthening UAE-Turkiye financial links
> INTERVIEW 4: Turkish Airlines plans further growth
> CURRENT AFFAIRS: Middle East tensions could reduce gas investments
> GCC REAL ESTATE: Gulf real estate faces a more nuanced reality
> PROJECTS MARKET: GCC projects market collapses
> INTERVIEW 5: Hassan Allam eyes role in Saudi Arabia’s transformation
> INTERVIEW 6: Aseer region seeks new investments for Saudi Arabia
> LEADERSHIP: Nuclear power makes a global comeback
> LEVANT MARKET FOCUS: Levant states wrestle regional pressures
> GULF PROJECTS INDEX: Gulf projects index continues climb
> CONTRACT AWARDS: Mena contract award activity remains subdued
> ECONOMIC DATA: Data drives regional projects
> OPINION: A farcical tragedy that no one can end
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Egis to supervise Riyadh Kafd monorail construction
26 August 2025
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Dubai’s RTA awards airport road bridge deal
26 August 2025
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Kafd monorail in Riyadh to commence operations in 2027
25 August 2025
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Acwa Power, SEC and Kepco close $4bn Saudi IPP deals
25 August 2025
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Egis to supervise Riyadh Kafd monorail construction
26 August 2025
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In an official statement published on its website, Egis said that, in its role as site supervision consultant, “its scope includes supervision of rolling stock, rail systems, civil and structural works, mechanical, electrical and plumbing, architecture, utilities and landscaping.”
“Egis is also tasked with reviewing and approving shop drawings, method statements and material submittals, while overseeing critical compliance and quality control processes throughout the project’s construction phase,” the statement added.
Earlier this week, MEED reported that Kafd DMC expects to begin monorail operations in 2027.
According to local media reports, Faddy Alaql, chief asset delivery officer at Kafd, said construction is anticipated to begin by the end of this year, with the project ready for commissioning by 2027.
The scope of work includes the construction of a 3.6-kilometre elevated monorail in a loop configuration, with six elevated stations and six trains – each consisting of two carriages.
The monorail will connect public buildings within Kafd and integrate with the Riyadh Metro system.
It is expected to carry up to 3,500 passengers an hour during peak times.
In October last year, MEED exclusively reported that Kafd DMC had awarded an estimated SR1.2bn ($320m) deal to complete its monorail project at Riyadh’s King Abdullah Financial District.
The contract was awarded to the joint venture of Egyptian contractor Hassan Allam and Chinese rolling stock provider CRRC.
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Project background
According to data from regional projects tracker MEED Projects, the scheme was put on hold in 2016 after a decade of planning.
In 2010, Bombardier, now part of French firm Alstom, won a $241m contract to build the monorail.
Bombardier, in partnership with local contractor Saudi Oger, was selected to provide its Innovia operation and maintenance services for the system over a 10-year period.
Located in Riyadh, Kafd is a mixed-use development managed by Kafd DMC, a wholly owned subsidiary of the kingdom’s Public Investment Fund (PIF).
Rayadah Investment Corporation previously managed the district.
Construction contracts for several towers in the district were awarded in 2009.
The project stalled when work was approximately 70% complete and later resumed in 2018, after the PIF took over from the Public Pension Agency in 2016-17.
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Dubai’s RTA awards airport road bridge deal
26 August 2025
Dubai’s Roads & Transport Authority (RTA), in partnership with Dubai Aviation City Corporation (DACC), has awarded a contract for the expansion and enhancement of the bridge leading to Terminal One of Dubai International airport (DXB).
The project will expand the existing bridge from three lanes to four, using a steel box girder system combined with a composite concrete slab.
The bridge will measure 171 metres in length, including its ramps, with the central span measuring 70 metres.
The upgrade is expected to boost the bridge’s capacity from 4,200 to 5,600 vehicles an hour, representing a 33% increase.
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Previously, the RTA completed works on Airport Street from Sheikh Mohammed Bin Zayed Road to Casablanca Street.
This project involved building bridges and tunnels, and modifying intersections to facilitate access to DXB.
The RTA also constructed a single-lane bridge for direct access to DXB’s Terminal Three, a bridge to the Dubai Aviation Engineering Projects complex, and another single-lane bridge for traffic from Airport Street to Casablanca Street.
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Kafd monorail in Riyadh to commence operations in 2027
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Saudi Arabia’s King Abdullah Financial District Development & Management Company (Kafd DMC) is expected to begin monorail operations in 2027.
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It is expected to carry up to 3,500 passengers an hour during peak times.
In October last year, MEED exclusively reported that Kafd DMC had awarded an estimated SR1.2bn ($320m) deal to complete its monorail project at Riyadh’s King Abdullah Financial District.
The contract was awarded to the joint venture of Egyptian contractor Hassan Allam and Chinese rolling stock provider CRRC.
French engineering firm Systra is understood to have updated the technical and supervision studies for both systems and civil engineering works.
Project background
According to data from regional projects tracker MEED Projects, the scheme was put on hold in 2016 after a decade of planning.
In 2010, Bombardier, now part of French firm Alstom, won a $241m contract to build the monorail.
Bombardier, in partnership with local contractor Saudi Oger, was selected to provide its Innovia operation and maintenance services for the system over a 10-year period.
Located in Riyadh, Kafd is a mixed-use development managed by Kafd DMC, a wholly owned subsidiary of the kingdom’s Public Investment Fund (PIF).
The district was previously managed by Rayadah Investment Corporation.
Construction contracts for several towers in the district were awarded in 2009.
The project stalled when work was approximately 70% complete and later resumed in 2018, after the PIF took over from the Public Pension Agency in 2016-17.
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Iraq deploys Turkish power ships to ease electricity shortfall
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“The Council of Ministers has taken decisions related to purchasing energy through barges to enhance the electricity system’s production and reduce dependence on imported fuel,” he said.
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Acwa Power, SEC and Kepco close $4bn Saudi IPP deals
25 August 2025
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Acwa Power, Saudi Electricity Company (SEC) and Korea Electric Power Corporation (Kepco) have achieved financial close for the 3,600MW Rumah 1 and Nairyah 1 independent power producer (IPP) projects in Saudi Arabia. The two projects represent a total investment of about SR15bn ($4bn).
Saudi Power Procurement Company is the principal buyer for the projects, responsible for tendering and power offtake. Ownership of the project companies, Remal Energy Company for Rumah 1 and Naseem Energy Company for Nairyah 1, is split between Acwa Power (35%), SEC (35%) and Kepco (30%).
The projects form part of the Saudi Energy Ministry’s plan to maximise local power supply in line with Vision 2030.
They also support the kingdom’s net-zero 2060 target and allow for future integration of carbon capture facilities.
Financing was secured from a syndicate of local, regional and international lenders, including Export Import Bank of Korea, Saudi National Bank, Saudi Investment Bank, Banque Saudi Fransi, Standard Chartered Bank, Bank of China, Agricultural Bank of China, Industrial & Commercial Bank of China and Arab Petroleum Investments Corporation.
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