Contractors tender for Qiddiya performance arts centre
29 January 2025

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Contractors are engaged with tendering for the contract to build the performance arts centre at Qiddiya entertainment city.
MEED understands that the firms submitted the first stage bids late last year. The stage two bids are due in May this year.
The gigaproject developer Qiddiya Investment Company (QIC) issued the tender in September last year.
The centre will have over 3,000 seats in three theatres. It will also include a cantilevered amphitheatre overlooking Qiddiya City’s lower plateau, with a 500-seat centre suspended from above.
In June last year, MEED exclusively reported that QIC had appointed Dubai-based Brewer Smith Brewer Gulf and US-headquartered Tom Wiscombe Architecture as the lead designers for the project.
The unveiling of the Qiddiya City Performing Arts Centre follows the announcement of several other projects within the development, including an e-games arena, Prince Mohammed Bin Salman Stadium, a motorsports track, the Dragon Ball and Six Flags theme parks, and Aquarabia.
QIC has also achieved key construction milestones on several schemes that are in the execution phase at the gigaproject.
In an update on its website, QIC said that the overall construction works on the Six Flags Qiddiya City project have reached 89% completion, while the Aquarabia theme park is at 84% and the golf courses are at 77%.
The construction of the development’s first bridge, which spans about 1 kilometre, is also 99% complete.
The Qiddiya entertainment city project is one of Saudi Arabia’s five official gigaprojects, covering 360 square kilometres.
The project is a key part of Riyadh’s strategy to boost leisure tourism in the kingdom. According to GlobalData, leisure tourism in Saudi Arabia has experienced significant growth in recent years. Domestic leisure tourism trips have increased to 33.76 million in 2023 from 16.74 million in 2018. International tourist arrivals for recreational purposes have increased by 600% from 2018 to 2023.
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> PROJECTS: Another bumper year for Mena projects
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> DOWNSTREAM: Regional downstream sector prepares for consolidation
> CONSTRUCTION: Bigger is better for construction
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> PROJECTS: Gulf projects index continues ascension
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Exclusive from Meed
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Joint venture wins Riyadh data centre construction deal6 October 2026
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Alstom wins $515m Riyadh metro trains deal5 October 2026
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Rabigh 2 IPP expansion secures $2.58bn financing5 October 2026
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Dubai announces $490m e-commerce hub expansion plan5 October 2026
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Joint venture wins Riyadh data centre construction deal6 October 2026

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Egyptian contractor Hassan Allam Construction and India’s Sterling & Wilson have won an estimated SR750m ($200m) contract to build the first phase of a data centre project in Riyadh.
The first phase will have an IT load capacity of 16.2MW, with overall capacity reaching 50MW in the second phase.
The scope includes civil, architectural, and mechanical, electrical and plumbing (MEP) works, infrastructure works and other associated works.
Upon completion of both phases, the facility will comprise one 5MW standard-density hall and four high-density halls, each rated at 11.2MW.
Saudi Arabian artificial intelligence (AI) firm Humain and Center3 – the digital infrastructure subsidiary of local telecom company STC Group – are jointly developing the project.
The first phase is scheduled to take 16 months.
In December last year, Center3 and Humain partnered to develop and operate AI-focused data centres across Saudi Arabia, with a planned capacity of up to 1GW.
The partners said the first phase will deliver up to 250MW of capacity, designed for high-density AI workloads and large-scale model training.
The venture combines Center3’s data centre operations and regional connectivity with Humain’s full-stack AI capabilities, with the latter responsible for aligning facility design with advanced compute requirements and future architectures.
The companies said the programme will deliver purpose-built facilities engineered for high power density, low latency and resilient operations, to support large language models and other mission-critical AI applications.
They added that the initial schemes will serve as a template for subsequent rollouts as capacity scales towards the 1GW target.
READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20298893/main.jpg -
Contractors prepare bids for eight Libyan oil and gas tenders6 October 2026

Contractors are preparing bids for eight tenders issued by Arabian Gulf Oil Company (Agoco), a wholly owned subsidiary of Libya’s state-owned National Oil Corporation (NOC), which operates several fields including Sarir, Messla and Nafoura.
Tender 1 is for the supply and installation of a crude oil sedimentation tank at a site known as Complex 2 in the Sarir field. The scope also includes installation of associated utilities and a gas extractor.
Tender 2 is for an electrical interconnection project to supply the Sinawon field, located in the Nalut region of western Libya. The scope includes infrastructure to connect the field to the General Electricity Company of Libya (Gecol) grid.
Tender 3 covers mechanical tie-ins to connect four wells at the Nafoura field to existing infrastructure: G-322, G-332, K-10 and K-11.
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Tender 4 is also for four mechanical well tie-ins at the Nafoura field: G-315/51, K-12/51, K-13/51 and Y-651.
Tender 5 is for connecting four wells to the electrical grid at the Nafoura field: G-315HR/51, K-12/51, K-13/51 and Y-6/51.
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The bid deadline for the fourth, fifth, sixth, seventh and eighth tenders is 12.30pm local time on 25 October 2026.
Increasing interest
International oil companies are showing increased interest in oil and gas assets in North Africa as the Strait of Hormuz crisis continues to erode the appeal of investing in some of the Middle East’s biggest oil and gas producers.
Over recent months, the chief executive of the Italian oil company Eni, Claudio Descalzi, said the company plans to drill 230 new oil and gas wells in Egypt in an effort to increase production in the country.
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In addition, companies that have been engaging in recent talks focused on expanding their presence in North Africa include France’s TotalEnergies and US-based ConocoPhillips, as well as London-headquartered Shell and BP.
The uptick in interest in North African oil and gas assets comes amid continued disruption to shipping through the Strait of Hormuz, a key export route for some of the Middle East’s biggest oil and gas exporters.
Flows through the Strait have been disrupted by a regional war that was triggered by US and Israeli attacks on Iran on 28 February.
Countries negatively impacted by the disruption include Kuwait, Iraq, Saudi Arabia, the UAE and Qatar.
Amid the ongoing disruption to oil and gas exports from these countries, some North African officials have promoted their oil and gas sectors as reliable alternative suppliers.
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READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
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Alstom wins $515m Riyadh metro trains deal5 October 2026
French rail transport group Alstom has signed a €460m ($515m) contract with the Royal Commission for Riyadh City (RCRC) to supply additional driverless trains for the Riyadh Metro and integrate them into the existing network infrastructure.
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The company will also maintain the new trains under the existing operations and maintenance contract for the three lines.
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MEED’s October 2026 report on Saudi Arabia includes:
> COMMENT: Saudi projects hold steady
> GOVERNMENT: Riyadh looks to reset its regional defence outlook
> ECONOMY: Conflict bolsters case for Saudi economic diversification
> BANKING: Saudi lenders readjust to lower lending and deposit climate
> UPSTREAM: Aramco upstream spending gathers pace
> DOWNSTREAM: Sabic steps up Saudi petchems investment
> POWER: Saudi Arabia’s power award activity slows
> WATER: Saudi water sector hits sharp slowdown
> CONSTRUCTION: Saudi construction defies the headwinds
> TRANSPORT: Saudi infrastructure pushes forward amid conflict
> DATABANK: Saudi data indicates project spending shiftTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20271885/main.jpg -
Rabigh 2 IPP expansion secures $2.58bn financing5 October 2026
Saudi Arabia’s Rabigh 2 combined-cycle gas-turbine (CCGT) independent power project (IPP) expansion has reached financial close.
In a disclosure to the Saudi Exchange, Acwa said it had secured SR9.69bn ($2.58bn) in long-term financing for the project, which has a generation capacity of 2,313.5MW.
In April, MEED reported that Acwa and Saudi Energy (formerly Saudi Electricity Company) had signed a 31-year power purchase agreement (PPA) with Saudi Arabia’s principal buyer, Saudi Power Procurement Company (SPPC), for the project.
The project involves developing a CCGT plant in the Mecca region. It is being developed by Al-Morjan Two Electricity Company, with Acwa and Saudi Energy each owning a 40% stake in the project.
The contract is valued at SR11.5bn ($3.07bn), the companies said in separate stock exchange filings at the time. The carbon-capture-ready power plant will be implemented under a build, own and operate contract.
The financing has a tenor of about 34 years and was provided by a consortium of local, regional and international lenders.
The lenders are:
- Abu Dhabi Commercial Bank
- Alinma Bank
- Boubyan Bank
- China Minsheng Banking Corporation, Hong Kong Branch
- Commercial Bank of Dubai
- HSBC Bank Middle East
- Industrial and Commercial Bank of China
- Industrial Bank, Beijing Branch
- National Bank of Greece, Cyprus
- Riyad Bank
- Saudi Awwal Bank
- Saudi National Bank
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Rabigh 1 extension
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US/India-based Synergy Consulting is the financial advisory consultant to Saudi Energy on this project.
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A team of Saudi Energy and Acwa won the contract to develop and operate the projects in 2023.
MEED’s October 2026 report on Saudi Arabia includes:
> COMMENT: Saudi projects hold steady
> GOVERNMENT: Riyadh looks to reset its regional defence outlook
> ECONOMY: Conflict bolsters case for Saudi economic diversification
> BANKING: Saudi lenders readjust to lower lending and deposit climate
> UPSTREAM: Aramco upstream spending gathers pace
> DOWNSTREAM: Sabic steps up Saudi petchems investment
> POWER: Saudi Arabia’s power award activity slows
> WATER: Saudi water sector hits sharp slowdown
> CONSTRUCTION: Saudi construction defies the headwinds
> TRANSPORT: Saudi infrastructure pushes forward amid conflict
> DATABANK: Saudi data indicates project spending shiftTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20270643/main.jpg -
Dubai announces $490m e-commerce hub expansion plan5 October 2026
Dubai CommerCity has launched a second expansion phase valued at more than AED1.8bn ($490m), adding over 91,000 square metres (sq m) of office, retail and logistics space across the free zone’s business, social and logistics clusters.
Dubai CommerCity is a joint venture of Dubai Airport Free Zone Authority (Dafza) and Dubai government-owned Wasl Asset Management Group.
The expansion is scheduled for delivery between the first quarter of 2027 and the fourth quarter of 2028.
The developer said the move builds on sustained demand at Dubai CommerCity, where occupancy has reached nearly 96% across its office, logistics and retail assets.
Phase two will comprise a series of developments across Dubai CommerCity’s three districts: the Business Cluster, Logistics Cluster and Social Cluster.
The Business Cluster comprises 13 office buildings with a total leasable area of 108,000 sq m. The Logistics Cluster consists of 84 logistics units with a leasable area of 68,000 sq m, while the Social Cluster features art galleries, restaurants and cafes. The development will also include 4,000 parking spaces.
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READ THE OCTOBER 2026 MEED BUSINESS REVIEW – click here to view PDFIndustry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.
Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
> AGENDA: Oxagon takes centre stage at Neom> MARKET FOCUS: Saudi projects hold steady> INDUSTRY REPORT: MEED’s 2026 GCC power developer ranking> LEADERSHIP: The future city does not need to hang above the groundTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/20270228/main.jpg