Syria signs deal with Acwa Power for 2.5GW renewables
4 September 2025
Syria’s Ministry of Energy and Acwa Power have signed a joint development agreement (JDA) to study and develop about 2.5GW of renewable energy capacity in Syria.
The deal covers solar, wind, energy storage and a proposed national technical training centre.
Under the agreement, Acwa Power will work with the ministry to identify suitable sites for approximately 1GW of photovoltaic capacity and 1.5GW of wind capacity.
The company will also evaluate potential grid-scale storage solutions to enhance system reliability and flexibility.
The JDA establishes a framework to conduct detailed technical and commercial studies on existing power plants and the national grid. It will also assess, develop and implement a pipeline of power projects in Syria.
The agreement was signed at the Ministry of Energy headquarters in Damascus, in the presence of Mohammad Al-Bashir, minister of energy, Mohammad Abunayyan, founder and chairman of Acwa Power, and representatives from the Saudi Ministry of Energy.
The JDA between the Ministry of Energy and Acwa Power comes amid a flurry of deals aimed at rebuilding Syria’s energy sector.
In May, the ministry signed a $7bn memorandum of understanding (MoU) with a Qatar-led consortium to develop 5GW of gas and solar capacity, including four combined-cycle gas turbine plants and a 1GW solar project, which is expected to double the country’s power output.
Syria also recently awarded a contract for a 100MW solar plant in Hama to a Syrian-Turkish consortium, further signalling the government’s push to restore electricity supply through renewable energy.
Meanwhile, the easing of Western sanctions has facilitated energy sector investment, exemplified by Syria’s first crude oil shipment in 14 years and recent MoUs with Saudi and Gulf-based companies to rehabilitate oil and power infrastructure.
READ THE SEPTEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF
Doha’s Olympic bid; Kuwait’s progress on crucial reforms reinforces sentiment; Downstream petrochemicals investments take centre stage
Distributed to senior decision-makers in the region and around the world, the September 2025 edition of MEED Business Review includes:
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> OLYMPICS: Qatar banks on infrastructure for Olympic bid
> QATAR TOURISM: Olympics bid aims to extend tourism gains
> CURRENT AFFAIRS: Syria charts post-war reconstruction course
> INDUSTRY REPORT: Regional chemicals spending set to soar
> DOWNSTREAM: Adnoc set to become a chemicals major
> SAUDI STADIUMS: Stadiums become main event for Saudi construction
> CONSTRUCTION: Middle East to be a growth leader for global construction
> LEADERSHIP: Dubai’s sea-air logistics model powers resilient trade
> KUWAIT MARKET FOCUS: Kuwait’s political hiatus brings opportunity
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In July, MEED reported that feasibility studies for the project had been completed, but PIC was waiting for confirmation of the volumes of gas that would be available for the project as feedstock.
The Olefins IV project is expected to use natural gas produced by upstream operator Kuwait Oil Company (KOC), another KPC subsidiary.
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As part of PIC’s long-term strategy, which looks ahead to 2040, it is aiming to scale up its portfolio and leverage partnerships to add value.
The company has stated that it aims to expand its core portfolio both within and outside Kuwait through greenfield and brownfield projects, with the goal of achieving a leading global position.
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READ THE OCTOBER 2025 MEED BUSINESS REVIEW – click here to view PDFPrivate sector takes on expanded role; Riyadh shifts towards strategic expenditure; MEED’s 2025 power developer ranking
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SWPC names preferred bidder for Jizan sewage project
3 October 2025
Saudi Water Partnership Company (SWPC) has announced its preferred bidder for the Jizan Cluster Small Sewage Treatment Plants (SSTP) and Collection Network (CN) project.
AlKhorayef Water & Power Technologies, part of Saudi Arabia-based AlKhoraef Group, is the favourite to win the contract to develop the project under a 25-year contract.
The $150m scheme involves the construction of 12 sewage treatment plants across the Jizan region in the southwestern part of the kingdom. The plants will have a combined treatment capacity of 74,700 cubic metres a day (cm/d), with individual plant capacities ranging between 1,800 and 15,000 cm/d.
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Iraq’s Ministry of Transport and General Company for Airport & Air Navigation Services released the tender in July this year.
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A consortium led by Qatar’s UCC Holding has signed five consultancy and design agreements for the redevelopment of Damascus International airport in Syria.
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> Hesco Hammada Engineering Services: Responsible for the design and redevelopment of Terminals 1 and 2, the design of the new Terminal 3 and all associated facilities.
> H’Collective: Responsible for the architectural and interior design of the new Damascus Airport hotel.
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