Neom begins early works on Siranna tourism project
29 May 2024

Register for MEED's guest programme
Saudi Arabia’s Neom has started early works on the Siranna tourism project for its Gulf of Aqaba development.
Local contractor Mofarreh Al Harbi and Lebanese Batco Group are jointly undertaking the works, which include rock stabilisation, site clearing and scaling, and other associated works.
Siranna will contain a 65-key hotel as well as 35 exclusive residences.
Australian architectural consultancy Woods Bagot is the design consultant and Singapore-based Meinhardt Group is providing the overall infrastructure design services on the project.
US-based engineering firm Aecom is the infrastructure consultant for the Gulf of Aqaba development.
Gulf of Aqaba progress
Neom has already made progress on the development of its Gulf of Aqaba destination.
The client has issued several tenders inviting companies to bid for contracts to develop the basic infrastructure across many of the districts.
In September last year, MEED reported that Neom had selected a joint venture of the local Al-Ayuni Investment Company and Turkish contractor Limak Holding to deliver the early works for the Cube mountain resort at the Gulf of Aqaba in Neom.
The scope of work includes enabling works, drilling of vertical and inclined boreholes, a drill-and-blast construction access tunnel, excavation works at the top of the mountain and other associated works.
The Cube will be built on top of a mountain overlooking the Gulf of Aqaba. Each side of the Cube building will be about 100 metres.
The Gulf of Aqaba is a 120-kilometre-long coastal strip at Neom with an average width of 3.5km. Its total land area is about 430 square kilometres.
MEED's April 2024 special report on Saudi Arabia includes:
> GVT & ECONOMY: Saudi Arabia seeks diversification amid regional tensions
> BANKING: Saudi lenders gear up for corporate growth
> UPSTREAM: Aramco spending drawdown to jolt oil projects
> DOWNSTREAM: Master Gas System spending stimulates Saudi downstream sector
> POWER: Riyadh to sustain power spending
> WATER: Growth inevitable for the Saudi water sector
> CONSTRUCTION: Saudi gigaprojects propel construction sector
> TRANSPORT: Saudi Arabia’s transport sector offers prospects
Exclusive from Meed
-
UAE GDP projection corrects on conflict24 April 2026
-
April 2026: Data drives regional projects24 April 2026
-
Firms announce 129MW Dubai data centre24 April 2026
-
Iraq signs upstream oil contract24 April 2026
-
Jordan tenders oil and gas terminal project24 April 2026
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
-
UAE GDP projection corrects on conflict24 April 2026

MEED’s May 2026 report on the UAE includes:
> COMMENT: Conflict tests UAE diversification
> GVT &: ECONOMY: UAE economy absorbs multi-sector shock
> BANKING: UAE banks ready to weather the storm
> ATTACKS: UAE counts energy infrastructure costs
> UPSTREAM: Adnoc builds long-term oil and gas production potential
> DOWNSTREAM: Adnoc Gas to rally UAE downstream project spending
> POWER: Large-scale IPPs drive UAE power market
> WATER: UAE water investment broadens beyond desalination
> CONSTRUCTION: War casts shadow over UAE construction boom
> TRANSPORT: UAE rail momentum grows as trade routes face strainTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16554417/main.gif -
April 2026: Data drives regional projects24 April 2026
Click here to download the PDF
Includes: Commodity tracker | Top 10 global contractors | Brent spot price | Construction output
MEED’s May 2026 report on the UAE includes:
> COMMENT: Conflict tests UAE diversification
> GVT &: ECONOMY: UAE economy absorbs multi-sector shock
> BANKING: UAE banks ready to weather the storm
> ATTACKS: UAE counts energy infrastructure costs
> UPSTREAM: Adnoc builds long-term oil and gas production potential
> DOWNSTREAM: Adnoc Gas to rally UAE downstream project spending
> POWER: Large-scale IPPs drive UAE power market
> WATER: UAE water investment broadens beyond desalination
> CONSTRUCTION: War casts shadow over UAE construction boom
> TRANSPORT: UAE rail momentum grows as trade routes face strainTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16553627/main.gif -
Firms announce 129MW Dubai data centre24 April 2026
Dubai’s Integrated Economic Zones Authority (DIEZ) has signed a joint-venture agreement with Netherlands-headquartered data centre developer Volt to build a new artificial intelligence (AI)-ready data centre in the emirate.
Planned for Dubai Silicon Oasis, the development will take the form of a campus covering up to 60,000 square metres.
The project will be delivered in two phases, starting with 29MW of immediately available capacity, followed by a second phase adding a further 100MW of committed power.
Under the arrangement, DIEZ will supply the land and essential infrastructure, while Volt will finance and develop the project, lead construction, and manage the design, leasing, implementation and day-to-day operations.
French firm Schneider Electric, which has its regional headquarters in Dubai Silicon Oasis, will support the development by supplying advanced electrical systems, power distribution capabilities and smart data centre infrastructure.
The GCC currently has more than 174 active data centre projects, representing over $93bn in investment, led by international players such as AWS, Google and Huawei, alongside regional developers including Khazna and Moro, supported by government-led localisation strategies.
More than a dozen large-scale facilities valued at over $100m each are currently under tender, with further packages expected to reach the market over the next six to 12 months.
The UAE is one of the leading data centre markets, with hyperscale campuses, sovereign cloud initiatives and edge data centre deployments underway.
Data centre development is closely aligned with the UAE’s digital economy and AI roadmap, as well as the wider smart city programme.
Priorities include hyperscale and colocation facilities to support cloud service providers; edge data centres to reduce latency and enable 5G and IoT use cases; energy-efficient designs using advanced cooling, modular construction and renewables; and strategic partnerships between global hyperscalers, local developers and utilities.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16548972/main.JPG -
Iraq signs upstream oil contract24 April 2026
State-owned Iraqi Drilling Company (IDC) has signed a contract with China’s EBS Petroleum for a project to drill 17 horizontal wells in the southeastern portion of the East Baghdad field.
Mohamed Hantoush, the general manager of IDC, said the contract signing came after a “series of successful achievements” by the company at the field.
The achievements included the completion of a project to drill 27 horizontal wells and another project to drill 18 horizontal wells, according to a statement released by Iraq’s Ministry of Oil.
In January, Iraq’s Midland Oil Company (MOC), in collaboration with EBS Petroleum, completed the country’s longest horizontal oil well in the southern part of the East Baghdad field.
The well, which was called EBMK-8-1H, reached a total depth of 6,320 metres, and had a 3,535-metre horizontal section, making it the country’s largest horizontal well ever drilled.
Senior officials from the Iraqi Oil Ministry and representatives of EBS Petroleum attended the well’s completion ceremony.
EBS Petroleum is a subsidiary of China’s ZhenHua Oil, which is focused on Iraq.
ZhenHua Oil is the operator of the field and is working with Iraqi partners to oversee the field’s development.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16543675/main4942.jpg -
Jordan tenders oil and gas terminal project24 April 2026

Jordan’s Aqaba Development Corporation (ADC) has tendered a project for the development of the facilities at the Aqaba Oil and Gas Terminal.
The project has been divided into two packages, and a bid deadline has been set for 15 June 2026.
The oil and gas terminal is located south of the city of Aqaba in Jordan’s Southern Industrial Zone.
The scope of Package 1 includes:
- Rehabilitation of petroleum product pipelines of various sizes and their accessories (such as supports, structures and valves), including rectification of painting defects
- Inspection and repair of pipe welds
- Rectification and overall maintenance of the product booster pump
- Inspection, maintenance, testing and commissioning of liquefied petroleum gas (LPG) booster pumps
- Rectification of two overhead cranes
- Rectification and calibration of instrumentation, including pressure indicators and valves
The scope of Package 2 includes:
- Rehabilitation of control rooms and security rooms, replacing them with concrete control rooms, including infrastructure works and all required services
- Removal of unused tanks and equipment previously used for exporting crude oil
- Rehabilitation of the existing gate in order to improve safety and security with the installation of a tire killer
- Carrying out maintenance and repairs for the oil berth dolphins and trestle with inspection
- Maintenance, repair and reinstallation of oil berth concrete slabs
- Removal and extension of the jetty platform
- Installation of a lighting system at pipelines beside booster pumps
- Installation of stripping pumps at the LPG terminal
- Replacement of drain line path for slop tank of LPG booster pumps
- Rehabilitation of the existing closed drain drum
- Rectification of cone sealing issue of all truck loading arms
- Conversion of manual valves to motor-operated valves
- Remote operation of shut-off valves on the main pipeline alongside and near the entrance gate
- Upgrading of the firefighting system
The last date for questions and clarifications related to the project will be 13 May 2026.
The Aquaba Oil and Gas Terminal was built to meet demand for petroleum products and LPG imports into Jordan.
It is operated by state-owned Jordan Oil Terminals Company (JOTC), which was established in 2015 as a private shareholding company.
Earlier this year, Abu Dhabi’s AD Ports Group signed an agreement with ADC to manage and operate the Aqaba multipurpose port.
AD Ports is managing and operating the port under a 30-year concession agreement.
Under the agreement, AD Ports and ADC will establish a joint venture to oversee port operations.
AD Ports will hold a 70% stake in the joint venture, with the remaining 30% held by ADC.
AD Ports Group will also invest AED141m ($38.4m) in the joint venture.
The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.
https://image.digitalinsightresearch.in/uploads/NewsArticle/16543632/main.jpg
