UCC-led team wins $4bn Syria airport redevelopment
7 August 2025
Syria's General Authority of Civil Aviation has signed a $4bn memorandum of understanding (MoU) to develop and expand Damascus International airport with a consortium of international firms led by Qatar's UCC Holding.
The agreement designates UCC Holding as the primary developer – through its investment arm UCC Concessions Investment – along with three Turkish partners, Cengiz, Kalyon, TAV and the US-based Assets Investments USA.
The project will be implemented under the build, operate, transfer model and covers the expansion of the Damascus International airport in five phases.
The expansion will ultimately increase the airport's capacity to handle 31 million passengers annually.
The agreement also includes the construction of a 50-kilometre (km) road leading to the airport and $250m in financing to purchase up to 10 Airbus A320 aeroplanes for Syrian Airlines.
The signing ceremony took place at the presidential palace in Damascus in the presence of President Ahmad Al-Sharaa. It was attended by US special envoy for Syria Tom Barrack and representatives from the Qatari embassy in Damascus.
The agreement was signed by Omar Al-Husari, chairman of the General Authority of Civil Aviation; Mohammad Moataz Al-Khayyat, chairman of UCC Holding; Sani Sener, chairman of TAV; Anthony Salter, CEO of Assets Investments USA; Murat Ergonul, board member of Cengiz Insaat; and Mustafa Kocar, CEO of Kalyon Insaat.
READ MORE: Turkiye's Kalyon goes global
The project adds to UCC Holding's portfolio of projects in Qatar and elsewhere. UCC has been involved in airport projects, including Hamad International Airport in Qatar, Rwanda's new international airport and Tripoli airport in Libya.
UCC is also bidding for the contract to develop the first phase of Terminal 6 and the Iconic Terminal at King Salman International airport (KSIA) in Riyadh.
The agreement follows on from the Syrian Ministry of Energy's signing of a $7bn memorandum of understanding (MoU) in May with a team led by UCC Holding to develop 5GW of power generation capacity – doubling the country’s output – by constructing new gas and solar power plants.
The agreement covers the development of four combined-cycle gas turbine (CCGT) power plants in Traifawi, Homs, Zayzoun, Deir-Azzour and Mehardeh in Hama with an installed capacity of 4GW, and a 1GW solar power plant in Wedian Al-Rabee in the southern region of Syria.
The projects will be implemented under build, own, operate (BOO) and build, operate, transfer (BOT) models alongside power purchase agreements. Following final agreements and financial close, completion is expected within three years for the gas plants and two years for the solar plant.
This aviation package also includes:
> Middle East invests in giant airports
> Broader region upgrades its airports
> Global air travel shifts east

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Gulf LNG sector enters a new prolific phase24 October 2025

Liquefied natural gas (LNG) has been produced in the GCC since the 1970s. However, it is only since the start of this decade that regional producers have begun committing tens of billions of dollars to significantly ramp up output, driven by soaring global demand for the super-chilled fuel.
The GCC is projected to add at least 80 million tonnes a year (t/y) of LNG capacity by 2030, placing it firmly among the world’s top three producing regions.
Qatar leads the Gulf’s push for LNG dominance as the region’s largest – and one of its earliest – LNG producers.
State enterprise QatarEnergy has been producing LNG from the giant North Field offshore gas reserve in the Gulf waters, which it shares with Iran, since the 1980s. QatarEnergy currently produces 77.5 million t/y of LNG from 15 processing trains, all located in a sprawling complex in Ras Laffan Industrial City.
Top spot
QatarEnergy is on course to nearly double its LNG production to 142 million t/y by the end of the decade through its $40bn North Field LNG expansion programme.The energy giant is understood to have spent nearly $30bn on the first two phases of its North Field expansion – North Field East and North Field South – which will raise LNG production capacity from 77.5 million t/y to 126 million t/y by 2028. Engineering, procurement and construction (EPC) works on both projects are progressing.
QatarEnergy awarded the main EPC contracts for the North Field East project in 2021. The project aims to boost LNG output to 110 million t/y by 2025. The $13bn EPC package – covering the engineering, procurement, construction and installation of four LNG trains, each with a capacity of 8 million t/y – was awarded in February 2021 to a consortium of Japan’s Chiyoda Corporation and France’s Technip Energies.
In May 2023, QatarEnergy awarded the $10bn main EPC contract for the North Field South project to a consortium of Technip Energies and Lebanon-based Consolidated Contractors Company.
The contract includes two large LNG trains, each with a capacity of 7.8 million t/y.
Once fully operational, the first two phases of the North Field expansion will add 48 million t/y of supply to the global LNG market.
In February 2024, QatarEnergy announced the third phase of its North Field expansion – North Field West. The project will add 16 million t/y of LNG capacity through two processing trains of 8 million t/y each, following the model of earlier phases. It will source feedstock from the western zone of the offshore North Field reserve.
Progress on the North Field West project has, however, been slow, and it has remained in the pre-front-end engineering and design (pre-feed) phase since its announcement.
QatarEnergy is reportedly exploring options to fast-track it to the EPC stage.
The first two phases of the North Field expansion will add 48 million t/y to the global LNG market
Oman progressOman has recently made significant progress in the global race to expand LNG production and exports. The Omani government made headlines in July last year, when it announced that majority state-owned Oman LNG would build a fourth train at its Qalhat LNG production complex in Sur.
The new LNG train will have an output capacity of 3.8 million t/y, increasing Oman LNG’s total production capacity to 15.2 million t/y when it is commissioned in 2029.
Oman LNG recently made key progress on its project to add a fourth processing train at the Sur LNG complex. The majority state-owned company has shortlisted a consortium of Chiyoda and South Korea’s Samsung C&T, Japanese contractor JGC Corporation and another consortium of Italian contractor Saipem and South Korea-based Daewoo Engineering & Construction to participate in the main tender for EPC works.
Technical and commercial bids are due in February and March 2026, respectively.
The EPC tender process began less than a year after Oman LNG awarded the feed contract to US-based consultancy KBR.
Separately, France’s TotalEnergies is studying a potential expansion of its Marsa LNG bunkering and export terminal in Oman. The move is significant considering that the first phase of the project is currently under construction in the sultanate’s northern industrial city of Sohar, and will have an output capacity of 1 million t/y.
TotalEnergies purportedly began an initial study on a potential second phase of the Marsa LNG facility earlier this year. The French energy major may consider doubling the output capacity of the LNG complex, although the plan is yet to be confirmed, according to sources.
Earlier in the year, TotalEnergies appointed Technip Energies – already the main EPC contractor on the under- construction Marsa LNG terminal – as a consultant to perform concept and feasibility studies on the proposed second expansion phase.
With Oman LNG advancing its fourth train and TotalEnergies mulling a potential doubling of LNG production in Oman, the sultanate is positioning itself as a key global LNG player by 2030.

UAE plans
Abu Dhabi National Oil Company (Adnoc) has historically been one of the GCC’s smaller LNG producers. Its subsidiary, Adnoc Gas, operates three large gas processing trains on Das Island.
The Das Island terminal has a liquefaction and export capacity of about 6 million t/y. The first two trains, commissioned in the 1970s, provide a combined 2.9 million t/y, while the third, added in the mid-1990s, contributes 3.2 million t/y.Adnoc Gas will significantly expand its LNG capacity with a new greenfield terminal in Ruwais, set to come online in 2028. The terminal will add 9.6 million t/y of LNG capacity via two 4.8 million t/y trains.
Adnoc awarded the $5.5bn EPC contract in June 2024 to a consortium of Technip Energies, JGC Corporation, and NMDC Energy, coinciding with its final investment decision.
Along with the main processing trains, the Ruwais LNG complex will also feature process units, storage tanks and an export jetty for loading cargoes and LNG bunkering, as well as utilities, flare handling systems and associated buildings. The facility will ship LNG mainly to key Asian markets, such as Pakistan, India, China, South Korea and Japan.
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NHC signs Al-Fursan project deal with South Korean firm24 October 2025
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Saudi Arabia’s National Housing Company (NHC) has signed a memorandum of understanding (MoU) with South Korea’s GS Engineering & Construction to build a residential project in NHC’s Al‑Fursan suburb of Riyadh.
The MoU was signed in Seoul earlier this week by Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing, Majed Al‑Hogail, and NHC’s CEO, Mohammed Al‑Buty.
In an official statement published by the Saudi Press Agency, NHC said: “The MoU extends the growing Saudi-Korean partnerships, strengthened by the signing of another MoU in November 2024 to develop the Balady Platform and implement digital twins and smart city applications, contributing to urban planning development and improved quality of life.”
This is the second major project agreement NHC has signed for residential development within the Al‑Fursan district.
In March last year, NHC and Egyptian real estate developer Talaat Moustafa Group signed an agreement to develop more than 27,000 residential units at NHC’s Banan City project in the Al‑Fursan suburb.
The project will cover an area of 10 million square metres and include hospitals, schools, retail, sports facilities and other public amenities.
In 2023, NHC and Saudi Arabia’s Housing Ministry signed investment agreements totalling more than SR24bn ($6.4bn) to launch the Al-Fursan residential project.
Al‑Fursan is described as the largest scheme in terms of area and number of housing units that NHC is implementing in partnership with other real estate developers.
For the district’s first phase, 18 real estate development agreements were signed with companies including Retal Urban Development Company and Sumou Real Estate Company.
NHC also signed four consultancy contracts to manage projects and supervise implementation of phase one and the deployment of comprehensive infrastructure works.
Other deals involved the development of facilities, including commercial and recreational areas, hospitals, health and sports centres, mosques and schools.
MEED reported in 2020 that Riyadh planned to oversee the development of more than 1 million homes by 2025 to meet growing demand in the kingdom.
By 2030, the Saudi capital aims to more than double its population, from 7-8 million to 15-20 million, and become one of the 10 wealthiest cities in the world.
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Includes: Commodity tracker | Construction risk | Brent Spot Price | Construction output
MEED’s November 2025 report on the UAE includes:
> COMMENT: Investment shapes UAE growth story
> GOVERNMENT: Public spending ties the UAE closer together
> ECONOMY: UAE growth expansion beats expectations
> BANKING: Stability is the watchword for UAE lenders
> OIL & GAS: Adnoc strives to build long-term upstream potential
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Oman tenders industrial city infrastructure contracts24 October 2025

Oman’s Public Establishment for Industrial Estates (Madayn) has issued two tenders for infrastructure development works at Al‑Suwaiq Industrial City in Al‑Batinah North Governorate and Madha Industrial City in Musandam Governorate.
Madayn issued a tender on 21 October inviting companies to bid for a contract to develop the first phase of the infrastructure and utilities network at Al‑Suwaiq Industrial City.
The scope covers construction of a building, greenhouses, roads, water network, electricity and sewage networks, and other associated facilities.
The bid submission deadline is 30 November.
The tender for construction of infrastructure works at Madha Industrial City was also issued on 21 October, with a submission deadline of 30 November.
In December 2023, Madayn inaugurated two projects at Al-Mazunah Free Zone valued at RO9.5m ($25m), including a facility building project and phase one package two and phases two and three at Al-Mazunah Free Zone.
Madayn, OQ Refineries & Petrochemical Industries and the Industrial Innovation Academy signed an agreement in June 2022 to set up Ladayn Polymer Park in Sohar.
At that time, Madayn also signed seven land‑usufruct agreements with an extendable duration of 33 years at reduced prices with the investors.
According to a report from UK-based data analytics provider GlobalData, the output of the Omani construction industry is expected to register annual growth of 4.2% from 2025 to 2027, supported by investments in economic zones, renewable energy, manufacturing and tourism projects under Vision 2040.
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Petrofac submits lowest bid of $1.48bn for Kuwait oil project24 October 2025
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UK‑based Petrofac has submitted the lowest bid for a contract to install Water Injection Plant 4 (WIP‑4) in south Kuwait.
Petrofac submitted a bid of KD453,736,367 ($1.48bn), which is 7% lower than the KD488,378,247 ($1.59bn) submitted by India’s Larsen & Toubro, the only other company to bid for the project.
The project’s bid deadline was postponed at least 14 times before prices were ultimately submitted.
The main contract tender was originally issued by Kuwait Oil Company (KOC) on 11 August 2024, with a bid submission deadline of 10 November 2024.
The project includes:
- Construction of a water injection plant called WIP-4
- Installation of safety and security systems
- Laying of pipelines
- Installation of oil gathering systems
- Installation of the new well pads
- Construction of associated facilities
When it was first tendered in August last year, nine companies were qualified to bid. They were:
- Samsung Engineering & Construction (South Korea)
- Sinopec Luoyand Engineering Company (China)
- Hyundai Engineering & Construction Company (South Korea)
- Sinopec Engineering Incorporation (China)
- Larsen & Toubro (India)
- Petrofac International (UK)
- Saipem (Italy)
- Daewoo Engineering & Construction (South Korea)
- Tecnicas Reunidas (Spain)
Kuwait is currently trying to boost project activity in its upstream sector.
The country’s national oil company, Kuwait Petroleum Corporation (KPC), is aiming to increase oil production capacity to 4 million barrels a day by 2035.
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