Three bid for Saudi nuclear project management package
17 October 2023
Saudi Arabia's Duwaiheen Nuclear Energy Company has received three bids for the project management consultancy package for the kingdom's first nuclear power plant.
According to a source close to the project, the following companies submitted proposals for the contract:
- Atkins (UK/Canada)
- Worley (Australia)
- Assystems (France)
Two of the three bidders have had previous engagements with the Saudi nuclear energy project.
In July 2018, France’s Assystem was appointed to conduct a site characterisation study, environmental impact assessment and preliminary safety analysis report to assist with the selection of the preferred site for the kingdom’s first planned nuclear power project.
MEED understands a site at Khor Duwaiheen, on the coast near the UAE and Qatari borders, was subsequently chosen for the first project.
The same year, the King Abdullah City for Atomic and Renewable Energy (KA-Care) appointed Worley for the project management office consultancy role for the nuclear energy programme. Worley is understood to have previously completed the Large Nuclear Power Plant (LNPP) site selection study for KA-Care.
KA-Care awarded three separate contracts for the project's legal, technical and financial advisory works. It awarded a team led by UK-headquartered EY the financial advisory contract in May 2022. Legal and technical consultancy contracts for the project were signed earlier.
In June this year, Riyadh-based Saudi Power Procurement Company (SPPC) also invited firms to bid for the financial, legal and technical consultancy contracts to prepare and review project agreements related to the procurement of electricity from Saudi Arabia’s first nuclear power plant.
Nuclear holding company
While KA-Care remains the top entity looking after the kingdom's national atomic energy programme, the kingdom formed and announced the establishment of a holding company, the Duwaiheen Nuclear Energy Company, to develop nuclear power projects in the country, in March last year.
It is the client for the project management consultancy package as well as the main package to build the first phase of the Duwaiheen nuclear power plant.
2.8GW nuclear project
The 2.8GW-Duwaiheen nuclear power plant is expected to be procured using a traditional design-and-build model.
Companies that are planning to bid for the contract to build Saudi Arabia's first nuclear power plant will likely get more time to prepare their proposals, MEED reported on 16 October.
"There is a likelihood that the Duwaiheen Nuclear Energy Company will extend the 31 October deadline," one source said, citing that Saudi Arabia is not necessarily in a hurry to build the plant.
The ongoing conflict in Gaza is also not likely to help advance negotiations between the countries that have a key stake in the project, the source said.
MEED previously reported that the most likely bidders for the main contract are China National Nuclear Corporation, Korea Electric Power Corporation (Kepco) and Russia’s Rosatom.
It appears that French company EDF has also been invited to submit a bid.
Related reads:
Exclusive from Meed
-
Emaar launches Terra Gardens project in Expo City5 November 2025
-
Egypt launches Red Sea gas exploration round5 November 2025
-
Aramco registers marginal jump in third quarter profit4 November 2025
-
Construction begins on Emirates Float Glass project4 November 2025
-
Diriyah tenders conference and exhibition centre4 November 2025
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
-
Emaar launches Terra Gardens project in Expo City5 November 2025
Dubai-based real estate developer Emaar Properties has launched the Terra Gardens residential project in partnership with Dubai World Trade Centre at Expo City Dubai.
The development will offer 560 one-, two- and three-bedroom apartments and townhouses.
Terra Gardens will be located adjacent to Expo Mall.
The development is part of the Expo Living masterplan, which spans 451,295 square metres. The masterplan comprises five residential communities with a total of 3,555 residential units.
Terra Gardens follows the launch last month of Emaar Hills, a new masterplanned community adjacent to Dubai Hills Estate.
Emaar Hills will offer more than 40,000 residential units.
It will include a limited collection of mansions ranging from 10,000 to 20,000 square feet.
Emaar Hills will also feature a golf course, retail amenities, and other wellness and leisure facilities.
Emaar has also purchased a land bank in the Ras Al-Khor area adjacent to its Dubai Creek Harbour masterplan, as disclosed in its H1 2025 financial report. Emaar plans to launch another masterplanned community on that plot in the near future.
Emaar’s latest project launch reflects increased activity in the UAE real estate market, which has led major developers to report record revenues in recent years.
Dubai Financial Market‑listed Emaar Properties reported a net profit of AED7.1bn ($1.9bn) in H1 2025, a 33% increase compared with the same period last year.
The developer's revenues surged to AED19.8bn in the first half of this year, which is a 38% increase from H1 2024.
Emaar said that this was driven by “robust performance across development, retail, hospitality and international operations".
Emaar has sold inventory worth AED46bn in H1 2025, which is 46% higher than the same period last year.
UK-based data analytics firm GlobalData predicts the UAE construction sector to grow by 4.2% in real terms in 2025, driven by infrastructure, energy, utilities and residential construction projects. It is also estimated that projects worth more than $323bn are in the execution or planning stages in the UAE.
READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDFMena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes:
> AGENDA 1: Gulf LNG sector enters a new prolific phase> INDUSTRY REPORT 1: Region sees evolving project finance demand> INDUSTRY REPORT 2: Iraq leads non-GCC project finance activity> GREEN STEEL: Abu Dhabi takes the lead in green steel transition> DIGITISATION: Riyadh-based organisation drives digital growth> UAE MARKET FOCUS: Investment shapes UAE growth storyTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15023028/main.jpg -
Egypt launches Red Sea gas exploration round5 November 2025
Egypt’s petroleum ministry has launched a new bid round for oil and gas exploration in four Red Sea blocks, as part of efforts to attract fresh foreign investment into its energy sector.
The tender, announced by the country’s Petroleum Minister Karim Badawy during the Adipec 2025 conference in Abu Dhabi, will be offered by the state-run South Valley Egyptian Petroleum Holding Company (Ganope) via the Egypt Upstream Gateway (EUG) digital platform.
For the first time, Egypt will apply a profitability-based production-sharing model.
In a statement, the petroleum ministry said that it believed this would offer more flexible and competitive terms to global energy companies, particularly in deepwater and frontier areas.
Badawy said: “The new bid round reflects Egypt’s commitment to creating an attractive investment environment and maximising the country’s oil and gas potential.”
He added that the Red Sea remains one of Egypt’s most promising new exploration frontiers, with several blocks showing high potential for future discoveries that could boost output and enhance energy security.
Egypt is currently working to boost its upstream oil and gas production capacity while promoting itself as a regional energy hub.
In October, it announced a five-year exploration plan worth $5.7bn to drill 480 new oil and gas wells in several regions.
READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDFMena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes:
> AGENDA 1: Gulf LNG sector enters a new prolific phase> INDUSTRY REPORT 1: Region sees evolving project finance demand> INDUSTRY REPORT 2: Iraq leads non-GCC project finance activity> GREEN STEEL: Abu Dhabi takes the lead in green steel transition> DIGITISATION: Riyadh-based organisation drives digital growth> UAE MARKET FOCUS: Investment shapes UAE growth storyTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15017808/main.jpg -
Aramco registers marginal jump in third quarter profit4 November 2025
Saudi Aramco has registered a 0.9% jump in third-quarter 2025 profit on the back of higher production, even as oil prices remained under pressure.
The Saudi energy giant’s adjusted net income in the third quarter stood at $28bn compared to $27.7bn in the same period of last year.
The company recorded revenues of $111.5bn in the third quarter versus $109.66bn in the same period last year.
“We increased production with minimal incremental cost, and reliably supplied the oil, gas and associated products our customers depend on, driving strong financial performance and quarterly earnings growth,” Aramco president and CEO Amin Nasser said.
The world’s largest oil company reported a free cash flow of $23.6bn compared with $22bn a year earlier.
Aramco’s board also declared the 2025 base dividend of $21.1bn and performance-linked dividend of $200m to be paid in the fourth quarter.
Aramco’s capital expenditure (capex) in the third quarter of 2025 stood at $12.55bn, a marginal year-on-year increase of 2%. For the first nine months of the year, the firm registered capex of $37.41bn, an increase of 3.38% compared to the same period of last year.
The company had earlier announced a capital investment guidance in the range of $52bn to $58bn for 2025, excluding around $4bn of project financing.
The results come as Aramco faces a profit squeeze amid weaker oil prices, except for a short-lived surge in the second quarter triggered by tensions between Israel and Iran.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15013288/main5503.jpg -
Construction begins on Emirates Float Glass project4 November 2025
Local investment firm Dubai Investments has begun construction to expand its Emirates Float Glass (EFG) facility in the Kezad industrial area of Abu Dhabi.
The estimated AED600m ($164m) expansion will add a second production line at the EFG facility.
The main construction works are being undertaken by Dubai-based firm Mar Contracting.
Dubai Investments’ subsidiary, Emirates Building Systems, will support the main contractor with the design and erection of steel structures for the project.
Local firm Design House Engineering Consultancy is the project consultant.
Germany-based Horn Glass Industries is providing the technology for the expansion.
Cyprus-headquartered DG Jones & Partners is the contract administrator and cost consultant for the project.
The project is scheduled for completion in 2028.
According to an official statement, “The expansion will establish EFG as the only glass manufacturer in the GCC operating dual float lines.”
The new production line will increase EFG’s production capacity from 600 tonnes a day to 1,200 tonnes a day and introduce what the company calls “ultra-clear, low-iron glass” — a first-of-its-kind capability in the Mena region.
READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDFMena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes:
> AGENDA 1: Gulf LNG sector enters a new prolific phase> INDUSTRY REPORT 1: Region sees evolving project finance demand> INDUSTRY REPORT 2: Iraq leads non-GCC project finance activity> GREEN STEEL: Abu Dhabi takes the lead in green steel transition> DIGITISATION: Riyadh-based organisation drives digital growth> UAE MARKET FOCUS: Investment shapes UAE growth storyTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15013566/main.jpg -
Diriyah tenders conference and exhibition centre4 November 2025

Saudi Arabia’s gigaproject developer Diriyah Company has issued a tender inviting contractors to bid for the construction of a conference and exhibition centre in the second phase of the Diriyah project.
MEED understands that the main contract tender was issued in October.
Technical bids are due on 9 November, while commercial bids must be submitted by 17 December.
The project covers an area of 29,000 square metres in Diriyah’s Northern Community.
The Diriyah masterplan envisages the city as a cultural and lifestyle tourism destination. Located northwest of Riyadh’s city centre, it will cover 14 square kilometres and combine 300 years of history, culture and heritage with hospitality facilities.
This year, the company has awarded several main construction contracts worth over SR18bn ($5bn).
Just days after Webuild announced that it had won the $600m contract for package three of the Diriyah Square project, Beijing-headquartered China Harbour Engineering Company won a SR5.7bn ($1.5bn) contract to build the Arena Block assets in the Boulevard Southwest section of the second phase of the Diriyah Gate development (DG2).
In April, Diriyah awarded an estimated SR4bn ($1.1bn) contract for a utilities relocation package for the King Saud University project located in DG2. The contract was awarded to a joint venture of Beijing-headquartered China Railway Construction Corporation and China Railway Construction Group Central Plain Construction Company.
Earlier in the same month, a SR5.1bn ($1.3bn) construction deal was awarded to a joint venture of local firm El-Seif Engineering & Contracting, Beijing-headquartered China State Construction Engineering Corporation and Qatari firm Midmac Contracting to build the Royal Diriyah Opera House.
Also in April, a consortium of Saudi Arabia-based contractors Almajal Alarabi and Man Construction won an estimated SR915m ($244m) contract to build King Salman Grand Mosque in Diriyah.
Once complete, Diriyah will have the capacity to accommodate 100,000 residents and visitors.
READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDFMena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes:
> AGENDA 1: Gulf LNG sector enters a new prolific phase> INDUSTRY REPORT 1: Region sees evolving project finance demand> INDUSTRY REPORT 2: Iraq leads non-GCC project finance activity> GREEN STEEL: Abu Dhabi takes the lead in green steel transition> DIGITISATION: Riyadh-based organisation drives digital growth> UAE MARKET FOCUS: Investment shapes UAE growth storyTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15013053/main.jpg