A round-up of this week's top stories
MEED | Middle East Economic Digest
We are the world's leading source of Middle East and Africa business intelligence established in 1957.
Qatar reports $12bn fiscal surplus for 2023
Qatar’s Finance Ministry has reported a full-year budget surplus of QR43.1bn ($11.84bn), a figure in excess of the $7.6bn latest fiscal surplus projection by the Washington-based IMF. The revenues total represented a 10%…read more
MENA Power 2024 assesses the outlook for project investment in the Middle East power market and examines demand and generation capacity, future project plans and initiatives to reduce carbon dioxide emissions.
The 400-page plus report includes more than 480 charts, tables, graphs and maps, including tables of projects to be awarded in 2024 and beyond, as well as projects in execution…read more
Abu Dhabi to tender Khazna solar contract
State utility?Emirates Water &?Electricity Company (Ewec) is expected to issue the request for proposals (RFP) imminently for a contract to develop and operate the UAE capital's?fourth utility-scale solar photovoltaic (PV) project…read more
Neom begins Epicon towers construction
Saudi Arabia's Neom has started construction on the Epicon towers project, which is one of its flagship developments in the Gulf of Aqaba region of the Neom gigaproject. Previously known as the?Gas Station Hotel…read more
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Kent wins framework agreement with BP
UK energy major BP has awarded Dubai-based Kent a five-year framework agreement for the provision of commissioning services for its projects worldwide. The framework agreement extends to the end of 2028…read more
Saudi Giga Projects 2024 is an extensive report analysing Saudi Arabia's giga projects, encompassing 17 projects worth over $850 billion. It offers detailed insights into each project, including contracting packages, timelines, key personnel, and phasing…read more
Oman plans 1.2GW wind schemes
Oman's Nama Power & Water Procurement Company (PWP) has announced plans to procure five wind power stations with a combined capacity of 1,171MW. These projects are expected to be implemented by 2027 to…read more
Innovo confirms Saadiyat Lagoons contract award
Dubai-based Innovo Build has confirmed that it has been awarded a contract by Abu Dhabi's Aldar Properties for package three of the Saadiyat Lagoons development on Saadiyat Island in?Abu Dhabi. The scope of the…read more
Algeria to invest $50bn in oil and gas projects
Algeria intends invest $50bn in oil and gas projects over the next four years as part of its strategy to boost production, according to Rachid Hachichi, the chief executive of the national oil and gas company Sonatrach…read more