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  Kuwait tenders LNG project

  1 October 2026

  

   

  State-owned Kuwait Integrated Petroleum Industries Company (Kipic) has tendered a project to develop a reliquefaction unit at the Al-Zour liquefied natural gas (LNG) import terminal.

  The project focuses on developing a boil-off gas (BOG) unit at the terminal, with bids due on 22 December.

  A meeting for contractors to discuss the project is scheduled for 18 October.

  The project scope includes engineering, procurement and construction works, along with pre-commissioning, commissioning and performance testing services.

  The list of prequalified companies is:

  • Fluor (US)
  • GS Engineering & Construction (South Korea)
  • Tecnicas Reunidas (Spain)
  • Larsen & Toubro (India)
  • Hyundai Engineering (South Korea)
  • CTCI Corporation (Taiwan)
  • Daewoo Engineering & Construction (South Korea)
  • Hyundai Engineering & Construction (South Korea)
  • Saipem (Italy)
  • Samsung Engineering (South Korea)
  • Sinopec Engineering (China)
  • JGC Holdings (Japan)
  • KBR (US)
  • China National Petroleum Corporation (China)
  • Technip (France)

  A BOG unit at an LNG facility captures, compresses and processes natural gas vapours that evaporate from cryogenic storage tanks, enabling the gas to be recycled back into the system rather than flared.

  In April, MEED revealed that contractors expected the project to be worth about $200m.

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  Wil Crisp
• 
  Riyadh approaches contractors for 2km tower

  1 October 2026

  

   

  Register for MEED’s 14-day trial access 

  Saudi Arabia’s Public Investment Fund (PIF) has reached out to contractors as part of a market-sounding exercise for the construction of the proposed 2-kilometre megatall tower project.

  MEED understands that a PIF subsidiary, the Tower District Real Estate Development Company, is undertaking the process.

  It is understood that several experienced international contractors, as well as some prominent local contractors, have been approached.

  The latest development follows PIF receiving offers in June last year from firms seeking a contract to provide project management consultancy (PMC) services for a new central business district (CBD) on the outskirts of Riyadh, which includes the proposed 2km tower.

  The PMC role covers both the tower and the surrounding district.

  Firms understood to have been invited to bid include US-based Aecom, Jacobs, Parsons and Turner, as well as the UK’s Mace.

  UK-based Foster & Partners is working as the architect for the tower after winning a design competition launched in late 2022.

  Record breaker

  The proposed tower would be more than double the height of the world’s tallest building, Dubai’s Burj Khalifa, which stands 828 metres tall. It is expected to be at least several hundred metres taller than the 1,000-metre-plus tower under construction in Jeddah.

  Contractors that have priced megatall towers in the region say a 2km-tall structure could cost about $5bn to construct, depending on the final design.

  The 2km tower and the surrounding CBD – known as Project Rise – sit within a larger masterplanned development to the north of Riyadh called the North Pole.

  ---

  MEED’s October 2026 report on Saudi Arabia includes:

  > COMMENT: Saudi projects hold steady
  > GOVERNMENT: Riyadh looks to reset its regional defence outlook
  > ECONOMY: Conflict bolsters case for Saudi economic diversification
  > BANKING: Saudi lenders readjust to lower lending and deposit climate
  > UPSTREAM: Aramco upstream spending gathers pace
  > DOWNSTREAM: Sabic steps up Saudi petchems investment
  > POWER: Saudi Arabia’s power award activity slows
  > WATER: Saudi water sector hits sharp slowdown
  > CONSTRUCTION: Saudi construction defies the headwinds
  > TRANSPORT: Saudi infrastructure pushes forward amid conflict
  > DATABANK: Saudi data indicates project spending shift

  To see previous issues of MEED Business Review, please click here

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  Yasir Iqbal
• 
  Read the October 2026 MEED Business Review

  30 September 2026

  Download / Subscribe / 14-day trial access

  For all the talk of cancellations and cutbacks, Neom is still building – and its biggest completed project to date offers a clue to where the $500bn gigaproject is heading. Our October Agenda feature examines how Oxagon is moving to the centre of Neom’s strategy, as investment shifts towards projects with the potential to generate tangible commercial returns, from green hydrogen and ports to AI data centres and logistics infrastructure.

  Read the full analysis in the October issue of MEED Business Review.

  As Neom reshapes its priorities, Saudi Arabia’s wider project market continues to show resilience. Contract awards have reached $68bn in 2026, despite regional conflict and economic uncertainty, with activity spanning energy, infrastructure, power and the future economy.

  But with $91.5bn of projects completed this year, new awards will be crucial to maintaining momentum into 2027.

  This edition also includes MEED’s 2026 power developer ranking, revealing the companies driving the region’s rapidly expanding power market.

  The issue also explores key trends shaping the region, from AI’s growing demands on grid capacity and the implications of ICE Futures Abu Dhabi’s wind-down for Gulf commodity markets, to how the Hormuz crisis is redirecting oil companies’ focus to North Africa. Our Leadership feature asks whether the future city really needs to hang above the ground.

  We hope our valued subscribers enjoy the October 2026 issue of MEED Business Review. 

  

   

  Must-read sections in the October 2026 issue of MEED Business Review include:

  > AGENDA: Oxagon takes centre stage at Neom

  INDUSTRY REPORT: MEED’s 2026 power developer ranking > Regional power market diversifies > Battery storage broadens IPP market

  > POWER: AI is creating a grid capacity problem

  > LEGAL: What IFAD’s wind-down means for Gulf commodity markets

  > OIL: Oil companies focus on North Africa amid Hormuz crisis

  > LEADERSHIP: The future city does not need to hang above the ground

  > SAUDI ARABIA MARKET FOCUS: 
  > COMMENT: Saudi projects hold steady
  > GOVERNMENT: Riyadh looks to reset its regional defence outlook
  > ECONOMY: Conflict bolsters case for Saudi economic diversification
  > BANKING: Saudi lenders readjust to lower lending and deposit climate
  > UPSTREAM: Aramco upstream spending gathers pace
  > DOWNSTREAM: Sabic steps up Saudi petchems investment
  > POWER: Saudi Arabia’s power award activity slows
  > WATER: Saudi water sector hits sharp slowdown
  > CONSTRUCTION: Saudi construction defies the headwinds
  > TRANSPORT: Saudi infrastructure pushes forward amid conflict
  > DATABANK: Saudi data indicates project spending shift

  > MEED COMMENTS: 
  > Dubai Inc steps in as developers turn cautious
  > Saudi Arabia redirects towards AI
  > Kuwait plans biggest oil and gas contract award in 10 years
  > Saudi Arabia battery storage awards provide fresh lift

  > GULF PROJECTS INDEX: Saudi Arabia and UAE lead Gulf index gains

  > AUGUST 2026 CONTRACTS: Middle East contract awards

  > ECONOMIC DATA: Data drives regional projects

  > OPINION: The boomers’ last act

  > BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts

  To see previous issues of MEED Business Review, please click here

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  MEED Editorial
• 
  Aramco receives interest for major gas processing plant

  30 September 2026

  

   

  Saudi Aramco has received expressions of interest from contractors to participate in the main tendering exercise for a project to expand the Alhada gas processing plant, located about 85 kilometres northwest of Jubail in Saudi Arabia’s Eastern Province.

  The Alhada gas processing plant expansion is critical to Aramco’s goal of increasing gas production capacity by 80% by 2030 from a 2021 baseline.

  Aramco issued a solicitation of interest document for the main tendering exercise in early September, with contractors submitting responses by 17 September, sources told MEED.

  The engineering, procurement and construction (EPC) scope of work has been divided into three main packages, sources said.

  The first EPC package relates to the main gas treatment facilities, primarily three processing trains, along with:

  • Three acid gas removal units
  • Triethylene glycol (TEG) dehydration unit
  • Two high-pressure and two low-pressure flares
  • Two flare gas recovery units
  • Two T&l flares
  • Two burn pits
  • A digital twin

  The acid gas removal units will treat sour gas by removing hydrogen sulphide and carbon dioxide to produce sales gas, as well as acid-gas feed for the downstream acid gas enrichment unit and sulphur recovery unit.

  The acid gas removal units will also process gas from the flare gas recovery units through a dedicated amine contactor to meet specifications for use as fuel gas. The TEG dehydration unit will then remove water from the treated gas to meet sales-gas specifications.

  The project’s second EPC package covers the sulphur recovery units. The third package involves inlet channels for monoethylene glycol, as well as common utilities and supporting structures.

  ALSO READ: Contractors express interest in sixth Jafurah expansion phase

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  Indrajit Sen
• 
  Libya refinery expected to be worth more than $600m

  30 September 2026

  

   

  The main contract for Libya’s planned South Refinery project is expected to be worth more than $600m, according to industry sources.

  The project, located in Ubari in southern Libya, has gained momentum over the past year. The main contract is expected to be procured under an engineering, procurement and construction (EPC) model.

  In March, US-based engineering company KBR was awarded a contract by Zallaf Exploration, Production & Refining of Oil & Gas Company to provide project management and technical services for the project.

  Under the terms of the contract, KBR will provide contract management, project management and supporting technical services throughout the project’s EPC phases.

  The EPC work is expected to take 50 months, and the facility will be designed to process 30,000 barrels a day (b/d) of crude oil.

  The refinery is expected to produce:

  • Propane and butane for domestic and industrial uses
  • Gasoline
  • Kerosene
  • Diesel
  • Fuel oil

  In March, KBR said that the project was aligned with its “long-standing commitment to advancing vital oil and gas infrastructure in Libya”.

  Libya currently operates five main refineries with a combined nameplate capacity of 380,000 b/d, but actual throughput is closer to 180,000 b/d due to poor maintenance and damage from military clashes.

  In addition to the South Refinery project, Libya also plans to upgrade the Zawiya refinery and carry out projects at the Serir, Brega, Tobruk and Ras Lanuf refineries.

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  Wil Crisp