Scatec quits Iraq solar projects
17 April 2023
Norwegian utility developer and investor Scatec is understood to have exited deals to develop two solar independent power projects (IPPs) with a total combined capacity of 525MW in Iraq.
According to local and international media reports, the difficulty and delays in negotiations resulted in the firm’s decision to exit the projects, for which power-purchase agreements (PPAs) are understood to have not yet been signed.
The deals were announced in October 2021, as MEED reported. Scatec was to develop the Karbala and Iskandariya solar IPPs along with Egypt’s Orascom and local firm Iraqi al-Bilal.
The solar power plants are part of the country’s first renewable energy bidding round, announced in 2019.
The other planned solar projects during this round are:
- 30MW Sawa 1 solar IPP – Muthana province
- 50MW Sawa 2 solar IPP – Muthana province
- 50MW Khidhir solar IPP – Muthana province
- 50MW Jissan solar IPP – Wassit province
- 50MW Al-Diwania solar IPP – Diwania province
In addition to Scatec, Iraqi authorities have signed preliminary deals to develop solar IPPs across the country with Abu Dhabi-based clean energy developer Masdar, PowerChina and French developer TotalEnergies.
In August 2021, the prime minister’s office announced signing an initial agreement with PowerChina to build solar power plants across the country with an expected capacity of 2,000MW. The planned project will have a 750MW first phase.
Solar projects with a total capacity of 1,000MW also form part of the $27bn deal the Iraq government signed with French giant TotalEnergies, which was announced in September 2021.
In June 2000, MEED reported that Saudi Arabia-based utility developer Acwa Power was undertaking negotiations for two 1,000MW solar PV projects in Iraq.
According to industry sources, the first plant is planned to be built in Saudi Arabia near the border with southern Iraq, while the second facility is in Iraq.
Iraq’s power generation capacity reached more than 18.5GW in 2019, about 6GW short compared with peak demand. The country imports an average of 1,200MW of electricity annually from Iran to augment supply.
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Riyadh tenders Al-Zulfi passenger railway station
22 October 2025
Saudi Arabia Railways (SAR) has tendered a design-and-build contract for the construction of a passenger railway station in the Zulfi governorate, located 260 kilometres northwest of Riyadh.
The station in Al-Zulfi will serve SAR’s North Railway line.
According to the tender notice published on SAR’s website, the scope includes the construction of the station building, firefighting facilities, track works, signalling and telecommunication systems, utilities, access roads, parking, landscaping and other associated works.
SAR has set 4 December as the deadline for firms to submit their bids.
The passenger section of the North Railway – formerly known as the North-South Railway – extends over 1,250 kilometres.
The line originates in Riyadh and runs northwest to Al-Haditha, near the Jordanian border, passing through Majmaah, Qassim, Hail, Jouf and Qurayyat.
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Procurement begins for $372m Rixos Alkhobar resort
22 October 2025
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Saudi Arabia’s Tourism Development Fund and US-based investment firm FTG International Group have invited companies to prequalify for a contract to develop a mixed-use resort at Half Moon Beach in Alkhobar, in the kingdom’s Eastern Region.
“The prequalification process is ongoing and the project is likely to be tendered in a few weeks,” sources close to the project told MEED.
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The commercial construction sector is projected to grow by 3.7% in real terms in 2025 and maintain an average annual growth rate of 3.7% from 2026 to 2029. This is supported by Saudi Arabia’s Vision 2030, which aims to attract 150 million tourists annually and add 320,000 hotel rooms by 2030.
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Saudi Arabia plans Mecca transit-oriented development
22 October 2025
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Saudi Railway Company (SAR) has signed an agreement with local investment firm Riyad Capital to establish a real estate fund to develop a mixed-use, transit-oriented project in Mecca.
The project will span more than 90,000 square metres in the Al-Rusifah district, near the Haramain high-speed railway station in Mecca.
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Petrojet consortium wins $1.1bn oil contract in Algeria
22 October 2025
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A consortium of Egypt’s Petrojet and Italy’s Arkad has been awarded a $1.087bn contract for the second phase of the Hassi Bir Rekaiz oil field development project in Algeria.
The consortium is led by Petrojet and the client is Groupement HBR, a joint venture of Algeria’s national oil and gas company Sonatrach and Thailand’s PTTEP.
The scope of work includes the construction of a central processing facility with a capacity of 31,500 barrels a day (b/d), along with associated facilities and pipeline networks extending over 217 kilometres.
It also includes the construction of a power distribution station and storage tanks.
In a statement, Petrojet said: “This award represents a significant step forward in strengthening Petrojet’s presence in the Algerian market and reaffirms its position as a leading regional [engineering, procurement and construction] EPC contractor delivering integrated, world-class energy projects.”
Groupement HBR, which operates the Hassi Bir Rekaiz oil and gas concession, tendered the design contract for the second phase of the field development project in August 2023.
HBR started production from phase one of the project in June 2022.
China Petroleum Engineering & Construction Corporation executed EPC work on the first phase of the field development project. The contract was signed in 2020, with a value of $116m.
The production target for phase one was 13,000 b/d of oil.
The project site, in the eastern part of Algeria, contains blocks 443a, 424a, 414ext and 415ext.
PTTEP and its partners found oil and gas in 10 out of 11 exploration wells drilled in the 1,916-square-kilometre area between 2013 and 2016.
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Project activity in Algeria’s energy, industrial and manufacturing sectors is steadily building as the country focuses on a vertically integrated strategy that leverages the exploitation of its natural resources.
In July, Sonatrach and Italian energy company Eni signed a production-sharing hydrocarbons contract estimated to be worth $1.35bn.
The contract covers the exploration and exploitation of the Zemoul El-Kebir concession area, located in the Berkine Basin, approximately 300km east of Hassi Messaoud.
The deal with Eni is the latest of several high-profile agreements that Sonatrach has announced with international oil and gas companies.
In June, Algeria awarded five out of the six oil and gas exploration licences it offered during its 2024 bidding round, a move viewed as a success by stakeholders in the country’s energy sector.
The companies that were awarded blocks included France’s TotalEnergies, state-owned QatarEnergy, Eni and PTTEP.
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Contractors prepare Riyadh Expo infrastructure bids
21 October 2025
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Sixteen firms have been invited to bid for the contract to undertake the initial infrastructure works at the Expo 2030 Riyadh site.
Saudi Arabia’s Expo 2030 Riyadh Company (ERC), tasked with delivering the Expo 2030 Riyadh venue, floated the tender for the project’s initial infrastructure works in September, as MEED reported.
The firms invited to bid include:
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- Yuksel Insaat (Turkiye)
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The overall infrastructure works – covering the construction of main utilities and civil works at Expo 2030 Riyadh – will be split into three packages:
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ERC issued the tender for infrastructure package Lot 1 on 21 September and has set deadlines of 26 October and 9 November for submission of technical and commercial bids, respectively.
ERC is expected to award the contract for the Riyadh Expo infrastructure package in December.
MEED previously reported that ERC was expected to issue the tender for some of the infrastructure packages in September.
In July, US-based engineering firm Bechtel Corporation announced it had won the project management consultancy deal for the delivery of the Expo 2030 Riyadh masterplan construction works.
The masterplan encompasses an area of 6 square kilometres, making it one of the largest sites designated for a World Expo event. Situated to the north of the Saudi capital, the site will be located near the future King Salman International airport, providing direct access to various landmarks within Riyadh.
Countries participating in Expo 2030 Riyadh will have the option to construct permanent pavilions. This initiative is expected to create opportunities for business and investment growth in the region.
The expo is forecast to attract more than 40 million visitors.
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth vehicle, launched ERC in June as a wholly owned subsidiary to build and operate facilities for Expo 2030.
In a statement, the PIF said: “During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64bn to Saudi GDP and generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6bn to GDP.”
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