US and Iran trade nuclear talk overtures
10 March 2025
Iran will only consider nuclear talks with the US if the objective of the negotiations is to address concerns on the militarisation of Iran's nuclear programme, the Islamic Republic's UN Mission said in a social media post on 9 March.
"If the objective of negotiations is to address concerns vis-a-vis any potential militarisation of Iran’s nuclear programme, such discussions may be subject to consideration," Iran's UN MIssion said on social media platform X. "However, should the aim be the dismantlement of Iran’s peaceful nuclear programme to claim that what [former US President Barack] Obama failed to achieve has now been accomplished, such negotiations will never take place."
If the objective of negotiations is to address concerns vis-à-vis any potential militarization of Iran’s nuclear program, such discussions may be subject to consideration. However, should the aim be the dismantlement of Iran’s peaceful nuclear program to claim that what Obama…
— I.R.IRAN Mission to UN, NY (@Iran_UN) March 9, 2025
The statement was issued two days after US President Donald Trump said he had offered Iran a chance to negotiate or risk its nuclear programme being targeted militarily.
"There are two ways Iran can be handled – militarily, or you make a deal," Trump told Fox Business in an interview on 7 March. "I would prefer to make a deal, because I am not looking to hurt Iran."
"I've written them a letter, saying I hope you're going to negotiate because if we have to go in militarily it's going to be a terrible thing for them," Trump said.
Iran's Supreme Leader, Ayatollah Ali Khamenei, appeared to have responded indirectly to those comments on 8 March, saying Iran would not negotiate with "bullying governments" insisting on talks.
2015 nuclear deal
Under a landmark deal called the Joint Comprehensive Plan of Action, which was struck in 2015, Iran agreed to mothball its Fordo nuclear plant and limit its enrichment of uranium to 3.67%, as part of a package of restrictions on its nuclear activities aimed at preventing it from covertly developing a nuclear weapon.
In return for the restrictions, major powers including China, France, Germany, Russia, the UK, the US and the EU agreed to relax the sanctions they had imposed on Iran’s nuclear programme.
But the deal crumbled in 2018 during Trump's first term, as he pulled Washington out of the agreement and reimposed crippling economic sanctions.
Iran has since reopened its Fordo plant and, in November 2022, said it had begun producing uranium enriched to 60% there, just below the level of purity needed for a nuclear weapon.
Talks to revive the 2015 pact began in April 2021 but have stalled in recent years amid tensions between Iran and other parties to the deal.
READ THE MARCH MEED BUSINESS REVIEW – clck here to view PDF
Chinese contractors win record market share; Cairo grapples with political and fiscal challenges; Stronger upstream project spending beckons in 2025
Distributed to senior decision-makers in the region and around the world, the March 2025 edition of MEED Business Review includes:
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> AGENDA 1: Chinese firms dominate region’s projects market
> AGENDA 2: China construction at pivotal juncture
> UPSTREAM 1: Offshore oil and gas sees steady capex
> UPSTREAM 2: Saudi Arabia to retain upstream dominance
> DIRIYAH: Diriyah CEO sets the record straight
> SAUDI POWER: Saudi power projects hit record high
> AUTOMOTIVE: Saudi Arabia gears up to lead Gulf’s automotive sector
> EGYPT: Egypt battles structural issues
> GULF PROJECTS INDEX: Gulf hits six-month growth streak
> CONTRACT AWARDS: High-value deals signed in power and industrial sectors
> ECONOMIC DATA: Data drives regional projects
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Exclusive from Meed
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SLB passes evaluation for Kuwait upstream project12 December 2025
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SAR to tender new phosphate rail track section in January12 December 2025
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Contract award nears for Saudi Defence Ministry headquarters10 December 2025
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Firms prepare Riyadh government office PPP bids10 December 2025
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Municipality seeks consultants for Dubailand drainage project10 December 2025
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SLB passes evaluation for Kuwait upstream project12 December 2025
The US-based oilfield services company SLB, formerly Schlumberger, has passed the technical bid evaluation for a major project to develop Kuwait’s Mutriba oil field.
The Houston-headquartered company was the only bidder to pass the technical evaluation for the Mutriba integrated project management (IPM) contract.
The minimum passing technical evaluation score was 75%.
The full list of bidders was:
- SLB (US): 97%
- Halliburton (US): 72%
- Weatherford (US): 61.5%
The decision was finalised at a meeting of the Higher Purchase Committee (HPC) of state-owned Kuwait Petroleum Corporation (KPC) on 20 November 2025.
According to a document published earlier this year by KOC, the IPM tender for the Mutriba field aims to “accelerate production through a comprehensive study that includes economic feasibility evaluation, well planning and long-term sustainability strategies”.
The field was originally discovered in 2009.
Commercial production from the Mutriba field started earlier this year, on 15 June, after several wells were connected to production facilities.
The field is located in a relatively undeveloped area in northwest Kuwait and spans more than 230 square kilometres.
The oil at the Mutriba field has unusually high hydrogen sulfide content, which can be as much as 40%.
This presents operational challenges requiring specialised technologies and safety measures.
In order to start producing oil at the field, KOC deployed multiphase pumps to increase hydrocarbon pressure and enable transportation to the nearest Jurassic production facilities in north Kuwait.
The company also built long-distance pipelines stretching 50 to 70 kilometres, using high-grade corrosion-resistant materials engineered to withstand the high hydrogen sulfide levels and ensure long-term reliability.
KOC also commissioned the Mutriba long-term testing facility in northwest Kuwait, with a nameplate capacity of around 5,000 barrels of oil a day (b/d) and 5 million standard cubic feet of gas a day (mmscf/d).
Once this facility was commissioned, production stabilised at 5,000 b/d and 7 mmscf/d.
In documents published earlier this year, KOC said that starting production from the field had “laid a solid foundation” for the IPM contract by generating essential reservoir and surface data that will guide future development.
Future output from the field is expected to range between 80,000 and 120,000 b/d, in addition to approximately 150 mmscf/d of gas.
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SAR to tender new phosphate rail track section in January12 December 2025

Saudi Arabian Railways (SAR) is expected to float another multibillion-riyal tender to double the tracks on the existing phosphate railway network, connecting the Waad Al-Shamal mines to Ras Al-Khair in the Eastern Province.
MEED understands that the new tender – covering the second section of the track-doubling works, spanning more than 150 kilometres (km) – will be issued in January.
The new tender follows SAR’s issuance of the tender for the project's first phase in November, which spans about 100km from the AZ1/Nariyah Yard to Ras Al-Khair.
The scope includes track doubling, alignment modifications, new utility bridges, culvert widening and hydrological structures, as well as the conversion of the AZ1 siding into a mainline track.
The scope also covers support for signalling and telecommunication systems.
The tender notice was issued in late November, with a bid submission deadline of 20 January.
Switzerland-based engineering firm ARX is the project consultant.
MEED understands that these two packages are the first of four that SAR is expected to tender for the phosphate railway line.
The other packages expected to be tendered shortly include the depot and the systems package.
In 2023, MEED reported that SAR was planning two projects to increase its freight capacity, including an estimated SR4.2bn ($1.1bn) project to install a second track along the North Train Freight Line and construct three new freight yards.
Formerly known as the North-South Railway, the North Train is a 1,550km-long freight line running from the phosphate and bauxite mines in the far north of the kingdom to the Al-Baithah junction. There, it diverges into a line southward to Riyadh and a second line running east to downstream fertiliser production and alumina refining facilities at Ras Al-Khair on the Gulf coast.
Adding a second track and the freight yards will significantly increase the network’s cargo-carrying capacity and facilitate increased industrial production. Project implementation is expected to take four years.
State-owned SAR is also considering increasing the localisation of railway materials and equipment, including the construction of a cement sleeper manufacturing facility.
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Contract award nears for Saudi Defence Ministry headquarters10 December 2025

Saudi Arabia’s Defence Ministry (MoD) is preparing to award the contract to build a new headquarters building, as part of its P-563 programme in Riyadh.
MEED understands that bid evaluation has reached advanced stages and the contract award is imminent.
The MoD issued the tender in April. The commercial bids were submitted in September, as MEED reported.
Located to the northwest of Riyadh, the P-563 programme includes the development of facilities and infrastructure to support the MoD’s broader initiatives under the kingdom’s Vision 2030 strategy.
It covers the construction of:
- A new military city featuring the MoD headquarters, support and logistics facilities, a residential and commercial community and space for future command centres
- A National Defence University with a library, conference centre and academic buildings
- A self-sustaining Joint Forces Command compound located approximately 50 kilometres from the military city
The budget for the entire programme is expected to be $10bn-$12bn.
In September 2023, MEED reported that Spain-headquartered Typsa had won two contracts for the project.
The first contract, worth $11.4m, included data management, geographic information systems management, geotechnical reporting and the preparation of the phase one final traffic report. The contract duration was 270 days from the notice to proceed.
The second contract, valued at $10.8m, involved preparing four conceptual masterplans for the P-563 site. It was set to last 255 days from the notice to proceed.
These followed a $290m consultancy contract awarded to Typsa in March of the same year. The single-award task order covered a three-year base period, with an optional two-year extension.
Typsa’s scope of work included programme management planning, communications, change and quality management and cost and schedule tracking.
It also included design requirements, codes, standards and submission requirements, programme guidance, study integration, risk analysis and management, design reviews and a programme-of-work breakdown plan.
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Firms prepare Riyadh government office PPP bids10 December 2025

Firms are preparing to submit bids for a contract covering the construction of the Riyadh administrative office for Defence Ministry (MoD) personnel.
The clients have asked firms to submit their bids by 26 March 2026.
The MoD is developing the project in collaboration with Saudi Arabia's National Centre for Privatisation & PPP (NCP).
The project will be implemented under a design, build, finance and maintain contract with a term of 27.5 years.
The administrative complex, located in the north of Riyadh, will cover about 52,793 square metres. It will accommodate 4,500 employees and provide 3,200 parking spaces.
In September, the NCP announced the prequalified bidders for the project. These include:
- Tamasuk / Alghanim International (local/Kuwait)
- Mota-Engil / Tatweer Buildings Company / Alternative Resources Investments (Portugal/local/UAE)
- Albawani / Areic (local/local)
- Bonyan Real Estate Investment / Artar (local/local)
- FCC / IHCC (Spain/local)
- Vision Invest (local)
- Own Real Estate (local)
- Alfanar (local)
- Lamar Holding (local)
- Alyamama (local)
- El-Seif Engineering Contracting (local)
- Al-Kifah Holding Company (local)
- Alargan (Kuwait)
- Asyad (Oman)
The NCP and MoD started the expression of interest and request for qualification process for the project in May, as MEED reported.
According to an official statement, "the selected private-sector partner will be responsible for the design, construction and long-term maintenance of the facilities and supporting infrastructure, as well as coordination with stakeholders and obtaining all necessary permits".
The value of public-private partnership (PPP) contracts in Saudi Arabia has risen sharply over the past few years as the government seeks to develop projects through the private sector and diversify funding sources.
PPPs have been used in Saudi Arabia and the wider GCC region for over two decades, but have been mainly limited to power generation and water desalination plants, where the developer benefits from guaranteed take-or-pay power-purchase agreements that eliminate demand risk.
However, in the past three years, the government has successfully implemented PPPs in several new sectors, including education and healthcare, to finance, build and operate schools and hospitals. Forthcoming PPP projects include the estimated $2.5bn Asir-Jizan highway, which would be the first road concession in the GCC; the multibillion-dollar contract to develop the expansion of Abha International airport; and the Qiddiya high-speed rail scheme.
Outside the utilities sector, the NCP has more than 170 PPPs in the pipeline, covering long-term concession agreements in projects as diverse as municipal laboratories, television and radio tower infrastructure, court complexes and logistics zones.
As capital expenditure continues to increase, the NCP is expected to add dozens more PPPs to its future pipeline to relieve the state’s financial burden and to stimulate the private sector’s involvement in the local projects market.
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Municipality seeks consultants for Dubailand drainage project10 December 2025
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Dubai Municipality has invited consultants to prequalify for a contract to provide supervision services on a major drainage infrastructure project serving developed communities in Dubailand.
The sewerage and stormwater drainage project, listed under the code DS-204-S1, is being procured through the government’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 8 January.
The consultancy contract follows the issuance in November of the related construction package, DS-204-C1, for which the municipality invited contractors to prequalify.
The scope includes sewage gravity pipelines with diameters of up to 2,200mm, a sewage lift station with a capacity of three cubic metres a second, and a 1,400mm-diameter sewage rising main that will take pumped sewage from the lift station to the main sewer network.
The bid submission deadline for the construction package is also 8 January 2026.
The tenders form part of Dubai’s wider investment in sewerage expansion, including the $8bn Tasreef programme, for which several projects have moved into the execution phase in recent months.
Once completed, the Tasreef system is expected to increase Dubai’s overall drainage capacity by about 700% and provide daily stormwater treatment capacity exceeding 20 million cubic metres.
READ THE DECEMBER 2025 MEED BUSINESS REVIEW – click here to view PDFProspects widen as Middle East rail projects are delivered; India’s L&T storms up MEED’s EPC contractor ranking; Manama balances growth with fiscal challenges
Distributed to senior decision-makers in the region and around the world, the December 2025 edition of MEED Business Review includes:
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