Middle East contract awards: February 2024
27 March 2024

In February, the Middle East and North Africa recorded $10.1bn of contract awards, well below the monthly average of $23.4bn over the past 12 months.
Saudi Arabia led the contract awards activity with $5bn of deals inked in February. The biggest award was a $1.2bn contract signed by the Royal Commission for Riyadh City with the local Modern Building Leaders for the development of the City Park project located north of Riyadh.
The kindgom also awarded a $1bn deal for the construction of a football stadium in Dammam, signed by Saudi Aramco with a joint venture of Belgian contractor Besix and the local Albawani. The facility will be used to host international tournaments such as the 2027 Asian Football Confederation Cup and the 2034 Fifa World Cup.
UAE
The UAE saw $3.1bn of deals signed in February, the largest of which was a $900m contract awarded by Emirates Water & Electricity Corporation to a team led by French utility developer EDF Renewables and including South Korea's Korea Western Power Company (Kowepo) for the 1,500MW Al Ajban solar photovoltaic independent power producer facility.
Download the Middle East contracts awarded for February 2024
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Oman
Oman recorded $580m of awards in February, the biggest a $210m contract inked by the Transport, Communications & Information Technology Ministry for the Al Batina Coastal Road phase one project.
Qatar
Qatar saw $530m of contracts awarded, the biggest a $329m deal signed by Qatar General Electricity & Water Corporation (Kahramaa) with Egypt’s Elsewedy for the installation of low- and medium-power cables.
Iraq
In Iraq, $440m of deals were inked in February, the largest a $240m contract awarded by Al Douh Iraqi Company for Cement Industries to China’s Sinoma Suzhou Construction for the construction of the Al Douh cement plant and clinker production facility in the Musanna province.
Kuwait
Kuwait recorded $144m of contracts signed, the biggest a $60m deal signed by the Public Authority for Housing Welfare with the local United Building Company for the construction of public buildings in Mutlaa Residential City.
Jordan
Jordan saw a single $107m deal awarded by the Water Authority of Jordan to the local Farhan & Fuad Abu Hamdan Contracting Company for the rehabilitation and expansion of the water supply system in the Dair Alla district and Al Karamah.
Morocco
Morocco also recorded a single contract award in February, a $78m deal inked by the Agriculture & Fisheries Ministry for the interconnection works of the Oued El Makhazine dam with the Dar Khrofa dam.
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Bahrain
Bahrain saw $58m of deals signed, the biggest a $45m contract awarded by the Electricity & Water Authority to Switzerland-headquartered Hitachi Energy for the construction of transformer and reactor works for a new 400kV Jasra grid substation in the Northern Governorate region.
Egypt
Egypt rounded off the list of countries to award contracts in February, with a single $40m deal inked by Samsung Electronics with the local Hassan Allam Construction for the construction of a mobile phone factory on an area of 6,000 square metres in Beni Suef.
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Chinese contractor wins Morocco solar plant deal10 August 2026
China Harbour Engineering Company (CHEC), a subsidiary of China Communications Construction Company (CCCC), has won a contract to build a solar photovoltaic (PV) power plant in Fez in northern Morocco.
Known as GreenPower Morocco 4 (GPM4), the project is being developed by Moroccan company GPM Holding through its utility-scale solar subsidiary GPM Parks.
The project covers engineering design, equipment procurement and installation, construction of an operation and maintenance building, grid connection and commissioning. It also includes upgrades to the associated substation.
According to CHEC, the completed plant will supply electricity to the local grid, although it did not disclose the project’s capacity or contract value.
The project is being developed under Law 13-09, which provides Morocco’s framework for private renewable energy generation.
According to its website, GPM Holding is also developing another solar PV project called GreenPower Morocco 2 (GPM2). This follows the completion of its first solar project, the 34MW project (GPM1) commissioned in Tangier in 2024.
GPM1 was developed by Green Power Morocco, a special purpose vehicle owned by GPM Holding and UAE-based Amea Power. The $30m project covers 75 hectares and includes 91,000 PV panels. It is expected to generate about 66,149MWh a year.
The project has a 25-year power purchase agreement in place with Amendis, a subsidiary of Veolia Morocco. PowerChina was the main engineering, procurement and construction (EPC) contractor.
Chinese contractors have previously been involved in other projects in Morocco’s renewable energy sector.
Shandong Electric Power Construction Company (Sepco 3), a subsidiary of PowerChina, was part of the EPC consortium for the 200MW Noor 2 concentrated solar plants and 150MW Noor 3 concentrated solar power projects at the Noor Ouarzazate complex.
New contract awards have been limited in Morocco in 2026, although six solar PV plants are now in the execution stage under phases one and two of the 305MW Noor Atlas solar PV programme.
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Aramco puts out fire at Jizan refinery after Houthi strike10 August 2026
Saudi Aramco said it had extinguished a fire that broke out at its Jizan refinery on Saudi Arabia’s Red Sea coast after the facility was hit in drone strikes by Yemen-based Houthi rebels on 9 August.
The kingdom’s Ministry of Energy said the fire occurred at an Aramco refinery facility in Jizan and that emergency authorities had completed the necessary procedures to deal with the incident.
The energy ministry did not say what started the fire, saying only that the incident caused no injuries.
The Houthi rebels later claimed responsibility for the attack.
The province of Jizan lies close to Saudi Arabia’s border with Yemen and has repeatedly been targeted by the Houthis in attacks on the kingdom’s energy infrastructure.
The strike on the Jizan refinery was the second attack on the facility by the Houthis in as many weeks. Aramco shut the refinery on 27 July following a similar drone strike, which, according to media reports, damaged the integrated gasification combined-cycle unit and tank farm at the complex.
On a call with investors to discuss Aramco’s second-quarter results, CEO Amin Nasser said recent attacks on the company’s facilities in the world’s top oil-exporting country had caused some disruption to production, but that he was confident operations could be restored quickly. He said the attacks had had no material operational or financial impact.
Jizan refinery complex
Saudi Aramco’s sprawling Jizan refinery complex entered operations in 2021.
Aramco undertook the estimated $16bn-plus project in late 2010. The scheme consists of a refinery with an output capacity of 400,000 barrels a day (b/d), a major marine terminal and a 4GW combined-cycle power plant in Baish, in Saudi Arabia’s southwestern Jizan region.
The Jizan refinery covers an area of 12 square kilometres. The complex processes Arabian Heavy and Arabian Medium crude grades to produce 80 million b/d of gasoline, 250 million b/d of diesel and more than 1 million tonnes a year of petrochemical products such as benzene and paraxylene.
A multiple-pier marine terminal supports the supply of crude oil from oil fields located mainly in the kingdom’s Eastern Province to the refinery, as well as the export of surplus refined products to overseas markets. The terminal has been designed to accommodate very large crude carriers.
A 4,000MW combined-cycle power plant uses approximately 90,000 b/d of vacuum residue from the refinery to generate electricity, hydrogen and water for the refinery, while conveying excess power to the national grid.
The hydrocracker unit comprises two parallel trains with a combined capacity of 54,500 b/d. The diesel hydrotreater plant comprises two trains, each with a capacity of 87,500 b/d.
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Shamal picks Dutco for Dubai Zoo site homes10 August 2026
Dubai-based Shamal Holding has awarded local contractor Dutco Construction the main construction works contract for a low-rise residential project on the site of the former Dubai Zoo in Jumeirah 1.
The project will comprise 90 low-rise homes and is designed as a residential leasing community that will remain under Shamal’s ownership, with all homes offered for premium leasing.
The development will retain mature trees from the former zoo and is planned around shared courtyards, landscaped open spaces and a central park. Residents will have access to a clubhouse, wellness area, children’s play area, family pool, lounge and gym.
The architect is DXB Lab. The local H&H is the development manager for the project.
Dutco has previously worked with Shamal on infrastructure elements of the Dubai Harbour and Dubai Harbour Marinas developments.
Shamal’s wider real estate portfolio includes the Naia Island, Dubai Harbour and Nad Al-Sheba Gardens developments. The company also holds hospitality and leisure assets, including partnerships with Jumeirah, Hilton and Baccarat, and operates attractions such as Skydive Dubai and Deep Dive Dubai.
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WEBINAR: Mena Oil & Gas Projects Market 2026-2710 August 2026
Webinar: Mena Oil & Gas Projects Market 2026-27
Thursday 27 August 2026 | 11:00 AM GST | Register now
Agenda:
- Summary of the Mena oil, gas and petrochemicals projects market
- Overview of major megaprojects, including project programmes
- Analysis of active contracts and spending to date
- Review of top contracts by work already awarded
- Long-term capital expenditure outlays and forecasts
- Key contracts expected to be tendered and awarded over the next 18 months
- Leading clients, contractors and market participants
- Spending by segment: oil, gas and petrochemicals (upstream, downstream, onshore and offshore)
- Audience Q&A
Hosted by: Indrajit Sen, MEED’s oil & gas editor
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Spanish firm renews Yanbu desalination O&M contract10 August 2026
Spain’s Aqualia has announced it has renewed a contract to operate and maintain three floating desalination plants in Yanbu on Saudi Arabia’s Red Sea coast.
The contract was awarded by the National Shipping Company of Saudi Arabia (Bahri) and will run until 14 September 2028, with an option to extend for a further two years.
The three reverse osmosis (RO) plants are mounted on barges and have a combined production capacity of 150,000 cubic metres a day (cm/d). Each plant has a capacity of 50,000 cm/d.
The three plants were originally deployed at Al-Shuqaiq and are designed to be relocated along Saudi Arabia’s coastline according to water demand. The barges are currently located at Yanbu.
The $255m floating desalination project was commissioned for the Saudi Water Authority in 2022, with Bahri as the developer and UAE-based Metitio as the main contractor.
Bahri is publicly listed on the Saudi Exchange but has significant government ownership, with the Public Investment Fund (PIF) holding 22.5% and Saudi Aramco Development Company owning 20% of the company.
Aqualia is providing operation and maintenance services in Saudi Arabia through its joint venture Haji Abdullah Alireza Integrated Services Company (Haaisco), in which it holds a 51% stake.
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