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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Riyadh qualifies five groups for One-Stop Stations PPP2 February 2026
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Jordan allows phosphate rail line bidders more time30 January 2026
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Acwa Power to develop $200m solar plant in Philippines30 January 2026
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Algeria plans Constantine tramway extension30 January 2026
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Dewa desalination plans offer timely boost30 January 2026
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Related Articles
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Riyadh qualifies five groups for One-Stop Stations PPP2 February 2026
Saudi Arabia’s Roads General Authority (RGA), in collaboration with the National Centre for Privatisation & Public-Private Partnership (NCP), has qualified five groups for a contract to develop the kingdom’s One-Stop Station project on a public-private partnership (PPP) basis.
The groups include:
- Al-Ayuni Investment & Contracting Company / Al-Jeri
- IC Ictas / Algihaz Holding / Al-Drees
- TechTrade Global / Al-Habbas / Fuelax / Markabat / Naqleen Company
- Petromin / Red Sea Housing
- Asyad / Sasco
The project includes the development of facilities at several locations across the RGA’s 73,600-kilometre intercity road network.
The facilities include refuelling stations, commercial outlets, parking lots, driver rest areas, vehicle maintenance centres and other hospitality amenities.
The project will be implemented under a 30-year design, build, finance, operate and maintain (DBFOM) contract, and will be tendered in three waves comprising six packages.
The first wave will include the initial package, the second wave will encompass the second and third packages, and the third wave will cover the remaining three packages.
In August last year, 49 Saudi and international firms expressed interest in the contract to develop the kingdom’s One-Stop Station project, as MEED reported.
In January, Saudi Arabia launched a National Privatisation Strategy, which aims to mobilise $64bn in private sector capital by 2030.
The strategy was approved by Saudi Arabia’s Minister of Finance and chairman of the National Centre for Privatisation (NCP), Mohammed Bin Abdullah Al-Jadaan.
The strategy builds on the privatisation programme, which was first introduced in 2018. It will focus on unlocking state-owned assets for private investment and privatising selected government services.
The value of 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 primarily been limited to power generation and water desalination projects, where developers benefit from guaranteed take-or-pay power purchase agreements that eliminate demand risk.
As capital expenditure continues to increase, the NCP is expected to add dozens more PPPs to its future pipeline to reduce the state’s financial burden and stimulate private sector involvement in the local projects market.
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Jordan allows phosphate rail line bidders more time30 January 2026

Abu Dhabi’s National Infrastructure Construction Company (NICC), a subsidiary of Etihad Rail, has allowed contractors until 15 February to submit their proposals for a contract to build the second section of the phosphate railway line that will run from Ghor Al-Safi to Aqaba in Jordan.
The tender was issued on 27 December, with an initial bid submission deadline of the end of January.
The scope of work for the railway includes civil engineering, tunnel construction, and mechanical, electrical and plumbing (MEP) works.
Tendering is also ongoing for the first section of the line. NICC is preparing to award the contract for the first section of the railway line, stretching from Al-Shidiya to Aqaba.
MEED understands that the evaluation is in its final stages and that the contract will be awarded soon.
In April last year, a French-Swiss joint venture of Egis and Arx was awarded the design consultancy contract for the project.
Etihad Rail announced in September 2024 that it had signed a memorandum of understanding (MoU) worth $2.3bn with Jordan’s Transport Ministry and local companies to develop the phosphate railway line.
In an official statement, Etihad Rail said it had signed an agreement with Jordan to build, operate and maintain the project.
The statement added that additional MoUs were signed with Jordan Phosphate Mines Company and Arab Potash Company to transport 16 million tonnes a year of phosphate and potash from mining sites to the Port of Aqaba via the Jordanian railway network.
The MoUs also cover the manufacture and supply of rolling stock; the construction of terminals in Aqaba, Ghor Al-Safi and Shidiya; and the maintenance, repair and operation of the railway line.
Project history
In 2015, Jordan’s Transport Ministry tendered a contract to construct the Shidiya rail link, intended to transport 6 million tonnes a year of phosphate from mines in Shidiya to Wadi Al-Yutum, near Aqaba.
In November of that year, a joint venture of China Communications Construction Company and the local contractor Masar United was confirmed as the lowest bidder. It was awaiting the formal award to build the 21-kilometre spur line.
The project was subsequently put on hold due to funding issues.
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Acwa Power to develop $200m solar plant in Philippines30 January 2026
Saudi Arabia’s Acwa Power is investing $200m to build a large-scale solar photovoltaic (PV) plant in the Philippines.
The renewables developer finalised the agreement with the Philippine government-owned Bases Conversion & Development Authority (BCDA) on the sidelines of the World Economic Forum in Davos last week.
Under the reservation agreement, a 500-hectare site has been selected within the New Clark City Special Economic Zone in Tarlac province, north of Manila.
The project must undergo a pre-feasibility study, technical assessments and regulatory approvals before any final investment decision is made.
The collaboration will also explore “potential battery energy storage system (Bess) integration,” Acwa Power said in a statement.
No details were provided on the project’s potential power generation capacity.
The reservation agreement follows a memorandum of understanding (MoU) signed between Acwa Power and BCDA in Riyadh last November.
Since then, the partners have evaluated multiple locations in New Clark City and shortlisted the 500-hectare site for further technical and commercial evaluation.
Acwa Power said it is targeting a threefold increase in its global assets under management to $250bn by 2030.
The company currently has a global renewables portfolio of 52GW, accounting for 56% of its total power capacity, and plans to deploy 5.6GWh of battery energy storage capacity.
As part of its foreign investment plans, the company also recently signed major agreements for large-scale renewable energy projects in Uzbekistan.
This comprised $1.8bn in financing for the Samarkand solar and battery energy storage project, Uzbekistan’s biggest solar development.
The project is being developed in partnership with Japan’s Sumitomo Corporation, Chubu Electric Power and Shikoku Electric Power.
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Algeria plans Constantine tramway extension30 January 2026

Algeria is planning another extension of its Constantine tramway network, which currently runs from Ben Abdelmalek Stadium in the city centre to the Ali Mendjeli area.
The project client, Algiers Metro Company (EMA), received bids on 14 December last year from consultants for a tender to undertake feasibility and detailed preliminary design studies for the project.
The client had tendered the contract in October.
The current tramway network spans approximately 19.3 kilometres (km).
The tramway is owned by EMA and operated by Societe d’Exploitation des Tramways (Setram), a joint venture of EMA and French firm RATP Group.
The first route of the tramway, with a length of 9km, was commissioned in July 2013, according to GlobalData’s sister company, Railway Technology.
The expansion phase began in July 2015 and was completed in June 2019, increasing total ridership to over 30,000 passengers a day.
The initial 9km-long section of the Constantine tramway system runs from the Zouaghi terminal to the Ben-Abdelmalek Stadium station through the old town and the university area.
The route includes 11 stations, three of which are multimodal, two viaducts measuring 465m and 114m long, and an underpass.
A 65,000-square-metre ground-level depot serves the fleet for maintenance and train parking.
The Ben-Abdelmalek Stadium was renovated as part of the project to accommodate the line's passage.
Contractors involved
EMA awarded a contract for the tramway line extension to France’s Alstom and the local firm Cosider Travaux Publics consortium in July 2015.
Spanish firm Idom was awarded the detailed design and construction works management, while US-based engineering firm Aecom was responsible for civil engineering and urban planning.
Cital, a joint venture of EMA, Spain’s Ferrovial and Alstom, delivered 24 trainsets to open the first phase of the extension in 2019.
The company also maintains 51 trainsets and the infrastructure of the Constantine tramway.
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Dewa desalination plans offer timely boost30 January 2026
Commentary
Mark Dowdall
Power & water editorDubai Electricity & Water Authority (Dewa) is taking early steps towards procuring its second independent water producer (IWP) project, a signal that the utility may be further expanding its role from service provider to long-term utility asset developer.
Consultancy bids were received this week for a pre-feasibility study that will assess capacity and location requirements for a planned seawater reverse osmosis (SWRO) desalination plant.
The project, being pursued with Etihad Water & Electricity (EtihadWE), would build on the 180-million-imperial-gallons-a-day Hassyan IWP, awarded to Saudi Arabia’s Acwa Power in 2024.
It would also align with Dewa’s wider objective to lift Dubai’s desalination capacity to 750 million imperial gallons a day by 2030, from around 495 million today. Achieving that target may require a further pipeline of privately developed water assets between now and then.
A useful point of comparison lies in Saudi Arabia’s power sector. Saudi Electricity Company has increasingly relied on independent power producers over the past decade to accelerate capacity expansion, ease pressure on public capital spending and deepen the project finance ecosystem.
For regional developers, competition in Saudi Arabia’s water market continues to intensify. In December, Saudi Water Partnership Company (SWPC) prequalified 50 developers to bid for five upcoming IWPs and 63 developers for independent sewage treatment plant (ISTP) projects.
Unlike Saudi Arabia, the UAE entered 2026 with limited visible momentum in desalination. EtihadWE’s $400m Fujairah SWRO IWP is the only large desalination plant expected to be tendered this year.
In a crowded market, increased activity by Dubai’s utility would provide a welcome boost.
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