Firms to submit Abu Dhabi gas-fired bids by end of February
25 February 2025

Prequalified developers have several days to submit their proposals for the contracts to develop and operate two separate gas-fired thermal plants in Abu Dhabi.
The client, state offtaker Emirates Water & Electricity Company (Ewec), has set 28 February as the deadline for bidders to submit their proposals for the contracts to develop the Madinat Zayed open-cycle gas turbine (OCGT) and Taweelah C combined cycle gas turbine (CCGT) power generation facilities.
MEED understands that two teams, led separately by France's Engie and Saudi Arabia's Aljomaih Energy & Water, are expected to bid for the Madinat Zayed OCGT independent power project (IPP).
According to Ewec, the Madinat Zayed IPP is expected to begin commercial operations in Q3 2027. It will provide up to 1,500MW of backup generation, which can be operational "at very short notice".
A lone team is understood to be preparing to submit a bid for the Taweelah C IPP, which will have a generation capacity of up to 2,500MW and is expected to reach commercial operations in the third quarter of 2028.
The team looking to bid for the contract comprises Japan's Jera and the local Etihad Water & Electricity (Etihad WE), sources have told MEED.
The Taweelah C IPP is the first CCGT power plant project to be procured by Abu Dhabi since 2020, when Ewec awarded the contract to develop the 2,500MW Fujairah 3 IPP to Japan's Marubeni. The new power generation plant in Tawelah is expected to be carbon capture-ready.
The project’s power-purchase agreement (PPA) is expected to expire by 2049, making it several years shorter than previous PPAs and in line with the UAE’s plan to reach net-zero carbon emissions by 2050.
A team of UK-based Alderbrook Finance and US-based Sargent & Lundy is providing financial and technical advisory services to Ewec for the Taweelah C IPP.
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Exclusive from Meed
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Expo Riyadh sets October deadline for Saudi Arabia pavilion7 October 2026
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Kuwait on track to hit oil production target7 October 2026
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Roshn plans new flagship development in Riyadh7 October 2026
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Al-Yamamah signs Saudi 380kV transmission deals6 October 2026
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Eagle Hills plans new Syria projects6 October 2026
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Expo Riyadh sets October deadline for Saudi Arabia pavilion7 October 2026

Expo 2030 Riyadh Company (ERC), tasked with delivering the Expo 2030 Riyadh venue, has set a deadline of 25 October for bids for a contract to build the Saudi Arabia pavilion.
The tender was issued on 19 May, with an initial bid submission deadline of 26 August.
The pavilion is a major asset located within the KSA District on the eastern side of the Expo 2030 Riyadh masterplan, in the Loop of Nations district.
Construction activity at the Expo site is accelerating, with Riyadh moving to award its first major vertical contracts and advancing infrastructure works across the programme.
Last month, MEED reported that ERC had received contractor interest on 14 September for a contract to design and build a convention centre in the site’s Collaboration District.
ERC also tendered a contract to deliver the Souq areas within the Expo site, as MEED exclusively reported on 8 September.
These areas are divided into five precincts, with a total development area of about 300,000 square metres.
Also in September, Saudi Arabia’s Royal Commission for Riyadh City awarded a design-and-build contract to construct a new metro station serving the Expo 2030 site.
In April, ERC awarded two contracts for the next phase of infrastructure works at the site to local firm Al-Yamama Company.
The scope covered the construction of road networks and infrastructure for water, sewage, electricity, telecommunications and electric vehicle (EV) charging.
These awards followed ERC’s January award of an estimated SR1bn ($267m) contract for initial infrastructure works at the site to local firm Nesma & Partners.
That scope covered about 50 kilometres of integrated infrastructure networks, including internal roads and essential utilities such as water, sewage, electrical and communications systems, as well as EV charging stations.
The masterplan covers 6 square kilometres, making it one of the largest sites ever designated for a World Expo event. Situated north of the Saudi capital, the site will be near the future King Salman International airport and will provide direct access to Riyadh landmarks.
The Public Investment Fund, Saudi Arabia’s sovereign wealth vehicle, launched ERC – a wholly owned subsidiary – in June 2025 to build and operate facilities for Expo 2030.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20334856/main.jpg -
Kuwait on track to hit oil production target7 October 2026
Kuwait is on track to meet its target of having 4 million barrels a day (b/d) of oil production capacity by 2035, according to Kuwait Petroleum Corporation (KPC) chief executive Shaikh Nawaf Al-Sabah.
Al-Sabah also said Kuwait is on course to increase non-associated gas production to 2 billion cubic feet a day by 2040.
His comments come amid an ongoing crisis in Kuwait’s oil and gas sector linked to the regional conflict that began when the US and Israel attacked Iran on 28 February.
The subsequent war has significantly disrupted shipping through the Strait of Hormuz, which is a crucial export route for Kuwaiti crude oil.
Kuwait is currently producing around 2 million b/d of oil, down from 2.6 million b/d before the US and Israel attack.
Speaking at a conference in London, Al-Sabah said: “We have the capacity to go back up to our current maximum sustainable capacity of 3 million b/d, if we have the export routes available, and this comes down to the ability to move oil through the Strait.”
KPC is investing $9bn-$10bn a year in capital expenditure to meet its oil and gas production goals, according to Al-Sabah.
He said: “We are doing this because we recognise that it is our hydrocarbons that will be most in demand a decade from now, and two decades from now – in fact, for the rest of our lifetimes.”
Project Seef
KPC is pushing ahead with the Al-Seef project, which focuses on developing three large offshore oil discoveries, Al-Sabah said.
The offshore fields are known as Nokhatha, Julaia and Jazza. The development was first announced in February this year, about two weeks before the US and Israel attack on Iran.
Al-Sabah said KPC is continuing with the project and believes the three fields collectively hold more than 3 billion barrels of recoverable oil.
He said: “We are asking international oil companies to partner with us to develop those resources under an operating services contract.
“So, we’re moving ahead according to the exact same schedule that we had put together even before the war began.”
Al-Sabah did not say which international oil companies KPC has approached to help develop the three offshore fields.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20315147/main.jpg -
Roshn plans new flagship development in Riyadh7 October 2026

Saudi developer Roshn Group plans to develop its next flagship scheme in north Riyadh, spanning an area of 13.7 square kilometres.
Roshn is looking to appoint lead design consultants to deliver detailed design, tender documentation and construction documents across the scheme, known as Plot 1.
The scope covers all infrastructure, utilities, public realm works and site adaptation of Roshn’s residential prototypes, split across two work packages.
Part 1 covers phases A, B and E, which collectively span about 7.8 million square metres (sq m) and will comprise 17,000 units.
Part 2 includes phases C and D, which will span about 4.7 million sq m and comprise more than 15,000 units.
The development is bordered by Expo 2030, King Abdulaziz Park, the Sports Innovation Lab Zone and the National Housing Company-developed Khozam district.
It will be a residential-led mixed-use development, also featuring retail, offices, hospitality, education and civic facilities.
Connectivity is a core plank of the masterplan, with two metro stations planned: one at the existing Line 4/proposed Line 7 interchange and another dedicated Line 7 stop. The scheme would also be served by the future Qiddiya high-speed rail and a possible King Salman Road diversion.
Plot 1 builds on Roshn’s existing footprint in the capital, notably the multi-phase Sedra community, as the developer expands beyond single-family housing into mixed-use districts under its Roshn 3.0 strategy.
Last month, Roshn Group announced that it had signed a preliminary agreement with Talaat Moustafa Group (TMG) Saudi, the local subsidiary of Egyptian developer Talaat Moustafa Group, to establish a joint venture to explore and develop a mixed-use project in Riyadh.
Under the agreement, TMG will hold a 51% stake in the joint company, while Roshn Group will hold 49%.
The agreement sets out a framework for the two groups to assess a potential partnership for the project’s phased development, which is planned as a residential-led, mixed-use community featuring retail, commercial, hospitality, leisure, healthcare and education facilities, alongside parks and public spaces.
Roshn Group and TMG Saudi plan to conduct detailed master planning and develop the project’s business case.
Preliminary studies indicate the development could include more than 55,000 residential units across all phases.
Roshn Group did not disclose the exact project location in its announcement.
As a Public Investment Fund-owned developer, Roshn remains a key vehicle for delivering Vision 2030’s housing programme, which targets 70% Saudi home ownership, alongside the kingdom’s wider quality-of-life and economic diversification agendas.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/19786131/main.jpg -
Al-Yamamah signs Saudi 380kV transmission deals6 October 2026
Riyadh-headquartered Al-Yamamah Steel Industries has signed two supply contracts with Algihaz Contracting Company for the construction of 380kV ultra-high-voltage transmission lines in Saudi Arabia’s Western Region.
The contracts cover the supply of steel towers and are worth a combined SR254.28m ($67.8m).
In a disclosure to the Saudi Exchange (Tadawul), the firm said the first contract is valued at SR135.65m ($36.2m), while the second is worth SR118.63m ($31.6m).
Both contracts have a one-year duration, with supply scheduled to begin in March 2027. The financial impact of the contracts is expected to start appearing in Al-Yamamah Steel’s results in the first quarter of 2027.
Algihaz is currently carrying out construction works for several transmission projects, including Saudi Energy’s $206m Bisha 380/132kV BSP connection project, for which it was appointed the main contractor in 2025.
The project involves a double-circuit 380kV overhead transmission line connecting the Bisha PV bulk supply point to the existing bulk supply points in Aseer Province.
The deals also add to a series of steel tower contracts secured by Al-Yamamah Steel for 380kV transmission projects in the Western Region.
In September, the company signed a SR103.14m ($27.5m) contract with the Saudi branch of National Power Construction Corporation to supply steel towers for a 380kV ultra-high-voltage line. Supply under that contract is due to begin in February 2027.
Al-Yamamah Steel also signed a SR176.48m ($47.1m) contract in November 2025 with Arabian Electrical Transmission Line Construction Company to supply steel towers for another 380kV ultra-high-voltage line in the Western Region.
The company has expanded its tower production capacity in recent years to meet expected demand for steel towers used in electricity transmission lines. Its 2024 annual report said it had added production lines and a galvanising plant in Jeddah Industrial City for this purpose.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20308551/main.jpg -
Eagle Hills plans new Syria projects6 October 2026
Abu Dhabi-based real estate developer Eagle Hills has signed a framework agreement with Syria’s Ministry of Public Works & Housing to develop a series of residential and tourism community projects across several Syrian governorates.
The first phase will include Damascus Heights in the capital and Latakia Yachts & Marina on the Mediterranean coast.
Damascus Heights is planned as a mixed-use community comprising homes, retail, hospitality and business facilities, supported by schools, healthcare services, green areas and resident amenities.
Latakia Yachts & Marina is planned as a waterfront destination anchored by a marina, with homes, hotels, branded residences and leisure offerings.
During development and operation, the projects are expected to support economic activity and tourism, create jobs across construction, hospitality and services, and add new housing, community facilities and tourism infrastructure.
Syrian professionals and businesses are expected to play a central role in both delivery and operations, creating opportunities for contractors, suppliers and service providers, strengthening local supply chains and SMEs, and supporting skills development and knowledge transfer.
Eagle Hills is also inviting applications for investment participation from Syrians in Syria and abroad, with priority for qualified Syrian individuals, businesses and institutions.
Following the signing, both projects will proceed to implementation, with enabling and construction works expected to begin shortly in Damascus and Latakia.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20308460/main.jpg