A round-up of this week's top stories
MEED | Middle East Economic Digest
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Neom replaces CEO
Nadhmi Al-Nasr has left his role as Neom CEO and will be replaced by Aiman Al-Mudaifer as acting CEO of the company developing the $500bn project in northwestern Saudi Arabia, which includes The Line, Trojena?and Oxagon. Al-Mudaifer has been head of the…read more
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An in-depth look at the latest developments in Saudi Arabia's giga projects programme and the broader Saudi projects market. Ed James will cover key updates, including major programme elements, contract analyses, spending insights, future project previews and more.
Hyundai E&C signs $725m Saudi high voltage deal
South Korea’s Hyundai Engineering & Construction (E&C) has won a KRW1tn ($725m) contract to build a high-voltage direct current (HVDC) network project in Saudi Arabia. The contract forms part of a 1,089-kilometre (km), 500-kilovolt (kV) HVDC transmission line…read more
Chinese-led consortium wins $262m Algeria rail deal
The CRBC-led consortium includes China Civil Engineering Construction Corporation and Algeria’s EPE SNTP. The contract covers construction work for the Bouchegouf-Souk Ahras-Drea railway section, with a total length of 121 kilometres (km). It is scheduled to…read more
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Saudi Arabia Giga Projects 2025 is a complete analysis of the giga projects programme in Saudi Arabia. Covering more than 20 projects with a total value of more than $850bn, the report is an update to MEED’s best-selling giga projects report published last year. It summarises in detail each of the giga projects, along with a breakdown of their…read more
Contractors prepare prices for major Lower Zakum oil project
The Lower Zakum hydrocarbons zone is located 65 kilometres northwest of Abu Dhabi in the Gulf’s waters. The offshore arm of Abu Dhabi National Oil Company (Adnoc Offshore) holds the majority 60% stake in the Lower Zakum asset. Foreign partners include?an…read more
Bahrain invites independent water prequalifications
Bahrain’s Electricity &?Water Authority (EWA) has invited interested firms to prequalify for a tender to develop the state’s first independent water project (IWP). The Al-Hidd seawater reverse osmosis (SWRO) plant is?expected to have?a production capacity of about…read more