Qiddiya to tender utility EPC contracts
14 October 2024
Qiddiya Investment Company (QIC) is tendering the Qiddiya entertainment city’s utility packages individually, according to sources close to the project.
“One of the packages is in the prequalification phase,” one source said.
QIC previously tendered the multi-utility package using a public-private partnership (PPP) model. That package included power generation, water desalination, sewage treatment and water transmission networks.
QIC received two bids for the PPP contract in June 2020. Saudi-based utilities developers Acwa Power and Alfanar Company submitted bids for the PPP project.
That plan has since been cancelled, and the project’s various components have been tendered using an engineering, procurement and construction (EPC) contract model.
The EPC contract for the project’s sewage treatment plant (STP) is understood to be in the prequalification phase.
The infrastructure package will cater to Saudi Arabia’s 360-square-kilometre Qiddiya entertainment city.
Under the previous PPP plant, the solar power plant for the project was expected to have a design capacity of 300MW.
The Qiddiya development is one of four major projects being developed by Saudi Arabia’s Public Investment Fund (PIF). Two other developments, the Red Sea and Amaala, have each awarded multi-utility packages using a PPP model.
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Siemens Energy wins $1.6bn Saudi deal
13 March 2025
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Chinese engineering, procurement and construction (EPC) contractor Harbin Electric International has awarded Germany’s Siemens Energy a contract to supply combined-cycle gas turbine (CCGT) units for the Rumah 2 and Nairiyah 2 independent power projects (IPPs) in Saudi Arabia.
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The value of the contract Siemens Energy won is $1.6bn.
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Photo credit: Siemens Energy
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> 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/13483115/main.jpg -
Chinese builders go global
13 March 2025
Commentary
Colin Foreman
EditorRead the March MEED Business Review
It is difficult to fathom the scale of growth experienced by China’s construction sector over the past 20 years. Since 2004, it has grown by over 800%, with a compound annual growth rate of 11% to reach an estimated value of $4.5tn.
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In the Middle East and North Africa, Chinese contractors dominated in 2024 by securing $90bn of the $347bn of contracts awarded, according to data from MEED Projects.
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At the same time, the maturing Chinese economy has driven contractors to seek opportunities abroad. With a slowing domestic real estate market, they are turning to international markets for growth. The Middle East presents an attractive option due to its wide range of projects, backed by financially secure clients and governments.
The scale of the contractors and the large number of players yet to meaningfully venture overseas means they possess the ability to grow even further in the Middle East and North Africa as the region continues to press ahead with large-scale projects that require vast resources.
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READ THE MARCH MEED BUSINESS REVIEW – clck here to view PDFChinese 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:
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