Joint venture selected for Oxagon port work
4 October 2023
Belgium’s Deme with Greece’s Archirodon has been selected for the estimated $1bn contract to complete the next phase of the Duba port expansion at Oxagon industrial city.
The second phase follows the award of a contract to deliver the first phase of the port expansion. A team of Boskalis, Besix and the local Modern Building Leaders (MBL) was awarded that estimated SR3bn ($800m) contract in mid-January.
The scope of the Duba port expansion package includes excavation and dredging, revetments for channel widening, demolition, container terminal quay expansion and earthworks, in addition to the development of a flexible quay, a roll-on/roll-off (RoRo) berth and quay walls to a marine services berth and a coast guard facility.
The other bidders that competed for the contract included Van Oord of the Netherlands with South Korea’s Hyundai Engineering & Construction; a Belgian joint venture of Jan de Nul and Besix; Netherlands-based Boskalis with France’s Soletanche Bachy; South Korea’s Daewoo; and China Harbour Engineering Company.
Jacobs is the main design consultant, with Moffatt & Nichol, IGO and Trent as the main sub-consultants.
Crown Prince Mohammed bin Salman launched Oxagon in late 2021. It will include onshore elements as well as floating structures offshore. Construction works on the 48 square-kilometre, eight-sided industrial city have already started.
An expanded Duba port is a critical component of Oxagon and the broader Neom development, as it will allow greater volumes of materials to be imported for the project. With an expected investment value of $500bn, Neom is the largest programme of construction work in the world.
Exclusive from Meed
-
Saudi Arabia’s growth trend heads up
1 April 2025
-
March 2025: Data drives regional projects
31 March 2025
-
Two bid for Madinat Zayed IPP contract
28 March 2025
-
Masdar completes Valencia solar deal
28 March 2025
-
Miahona wins $267m Modon wastewater plant deal
28 March 2025
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends

Related Articles
-
Saudi Arabia’s growth trend heads up
1 April 2025
MEED’s April 2025 report on Saudi Arabia includes:
> GOVERNMENT: Riyadh takes the diplomatic initiative
> ECONOMY: Saudi Arabia’s non-oil economy forges onward
> BANKING: Saudi banks work to keep pace with credit expansion
> UPSTREAM: Saudi oil and gas spending to surpass 2024 level
> DOWNSTREAM: Aramco’s recalibrated chemical goals reflect realism
> POWER: Saudi power sector enters busiest year
> WATER: Saudi water contracts set another annual record
> CONSTRUCTION: Reprioritisation underpins Saudi construction
> TRANSPORT: Riyadh pushes ahead with infrastructure developmenthttps://image.digitalinsightresearch.in/uploads/NewsArticle/13578976/main.gif -
March 2025: Data drives regional projects
31 March 2025
Click here to download the PDF
Includes: Commodity tracker | Construction risk | Brent Spot Price | Construction output
READ THE MARCH MEED BUSINESS REVIEW – click here to view PDF
Chinese contractors win record market share; Cairo grapples with political and fiscal challenges; Stronger upstream project spending beckons in 2025
Distributed to senior decision-makers in the region and around the world, the March 2025 edition of MEED Business Review includes:
> AGENDA 1: Chinese firms dominate region’s projects market> AGENDA 2: China construction at pivotal juncture> UPSTREAM 1: Offshore oil and gas sees steady capex> UPSTREAM 2: Saudi Arabia to retain upstream dominance> DIRIYAH: Diriyah CEO sets the record straight> SAUDI POWER: Saudi power projects hit record high> AUTOMOTIVE: Saudi Arabia gears up to lead Gulf’s automotive sector> EGYPT: Egypt battles structural issues> GULF PROJECTS INDEX: Gulf hits six-month growth streak> CONTRACT AWARDS: High-value deals signed in power and industrial sectors> ECONOMIC DATA: Data drives regional projectsTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/13578533/main.gif -
Two bid for Madinat Zayed IPP contract
28 March 2025
Abu Dhabi-based utility and offtaker Emirates Water & Electricity Company (Ewec) has received bids for a contract to develop and operate the Madinat Zayed open-cycle gas turbine (OCGT) power generation plant project in the emirate.
According to industry sources, two teams led separately by France’s Engie and Saudi Arabia’s Aljomaih Energy & Water submitted bids for the Madinat Zayed OCGT independent power producer (IPP) project on 28 March.
Aljomaih is understood to have partnered with the local Etihad Water & Electricity (Etihad WE) for its bid.
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”.
“Gas-fired plants like Madinat Zayed are key to ensuring a reliable energy supply while the country transitions to a decarbonised water and electricity system,” Ewec said when it issued the tender for the project in July last year.
“[This type of plant] will be particularly important for supporting the growth of solar power, providing crucial flexibility during peak power demand periods and acting as a bridge to a future powered exclusively by clean and renewable sources.”
Capacity buildout
Abu Dhabi’s current electricity generation installed capacity sits at about 22GW, with gas-fired plants accounting for 68.7% of the total, and renewable and nuclear power contributing 12% and 19%, respectively.
Construction work is under way for a 1,500MW solar photovoltaic (PV) power plant and a 2,457MW combined-cycle gas turbine (CCGT) plant.
Two solar IPPs with a combined capacity of 3,000MW are under bid evaluation or main contract bid, while the tendering proceedings are under way for the Taweelah C CCGT IPP, in addition to the Madinat Zayed OCGT.
The procurement processes are also under way for the 140MW Al-Sila wind IPP, the emirate’s first independent battery energy storage system plant, and another major CCGT, the 3.3GW Al-Nouf 1 project.
In January, Ewec and Abu Dhabi Future Energy Company (Masdar) signed a power-purchase agreement for a 5,200MW solar PV plant with a 19 gigawatt-hour battery energy storage system, which is expected to provide round-the-clock solar power.
https://image.digitalinsightresearch.in/uploads/NewsArticle/13579141/main.gif -
Masdar completes Valencia solar deal
28 March 2025
Abu Dhabi Future Energy Company (Masdar), through its Spanish subsidiary Satea, has closed an investment agreement for the construction and commissioning of solar photovoltaic installations with a total capacity of 234MW in Valencia, Spain.
The project has the potential to add a battery energy storage system with a capacity of 259MW, Masdar announced on 27 March.
A joint venture of Genia Solar Energy and Solar Ventures initially promoted the project.
The plant will be located in the municipalities of Ayora, Jarafuel and Zarra.
It is expected to be operational in the first half of 2027.
Watson Farley & Williams, G-advisory, EY and Finergreen advised Solar Ventures and Genia Solar Energy, while Broseta, Solida and Perez-Llorca advised Saeta Yield on the transaction.
In July last year, Masdar announced it had reached an agreement with Spanish utility company Endesa to become a partner for 2.5GW of renewable energy assets in Spain.
Masdar said at the time that it planned to invest €817m ($887m) to acquire a 49.99% stake, with an enterprise value of €1.7bn, representing one of Spain’s biggest renewable energy deals.
The portfolio that Masdar planned to acquire consisted of 48 operational solar plants with an aggregated capacity of 2GW.
Masdar and Endesa, a subsidiary of Italian energy giant Enel, said at the time that they aim to add 500MW of battery energy storage systems to the projects.
https://image.digitalinsightresearch.in/uploads/NewsArticle/13578644/main.jpg -
Miahona wins $267m Modon wastewater plant deal
28 March 2025
Saudi Authority for Industrial Cities and Technology Zones (Modon) has awarded the local Miahona Company a contract for the construction and operation of an industrial wastewater treatment plant in Jeddah.
The contract is valued at SR1bn ($266.7m), Miahona said in a bourse filing on 26 March.
This project scope includes the rehabilitation, development, construction, operation and maintenance of wastewater treatment systems.
The wastewater treatment plant will be located in Jeddah 1st Industrial City.
According to Miahona, the project scope includes capital investment, land utilisation, service provision and revenue generation through treated water sales, within a 25-year rehabilitation, operation and transfer (ROT) framework.
Last year, Miahona Company and Belgium’s Besix won the contract to develop and operate the Al-Haer independent sewage treatment plant (ISTP) project in Riyadh, Saudi Arabia.
Another local firm, Power & Water Utility Company for Jubail & Yanbu (Marafiq), subsequently joined the developer team.
The Al-Haer ISTP project involves the development of a water treatment plant with a capacity of 200,000 cubic metres a day (cm/d).
It also includes the development of a treated sewage effluent (TSE) reuse system that covers a 32-kilometre pipeline with a capacity of 400,000 cm/d, a pumping station and TSE reservoir tanks with a capacity of 200,000 cubic metres.
https://image.digitalinsightresearch.in/uploads/NewsArticle/13578624/main.jpg