A round-up of this week's top stories
MEED | Middle East Economic Digest
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Adnoc receives prices for offshore oil project
Adnoc Offshore has received commercial bids from contractors for?a project to increase the oil production potential?of?Abu Dhabi’s largest producing oil asset – the?Upper Zakum offshore field – to 1.2 million b/d…read more
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Don't miss this opportunity to gain valuable insights into the hydrogen projects that are set to transform the Middle East and Africa…read more
Kuwait tenders $800m fuel depot
State-owned downstream operator Kuwait National Petroleum Company (KNPC) has tendered a contract for a fuel depot project estimated to be worth $800m. The scheme is known as Al-Mutlaa New Fuel Depot Project…read more
Dubai airlines sign bumper orders at airshow
Dubai-based airlines Emirates and FlyDubai have ordered 125 aircraft from Boeing on the first day of the Dubai Airshow. Emirates placed a $52bn order for 95 additional wide-body aircraft…read more
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Consortium signs $3.9bn Saudi power deals
A consortium comprising Saudi Electricity Company (SEC) and Saudi utility developer Acwa Power has won the contract to develop and operate two combined-cycle gas turbine (CCGT) power plants in Saudi Arabia…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
Tabuk steel factory to start operations in 2024
ARCCO Group subsidiary MS-Metals is setting up a fully computerised and automated factory for metal solutions and modular building construction in Saudi Arabia…read more
One Za’abeel aims to elevate Dubai’s business landscape
One Za’abeel The Offices is set to launch towards the end of 2023. The Offices will provide high-quality, Grade A space for a variety of international and regional businesses…read more
Aramco selects contractors for $1.7bn offshore works
Saudi Aramco has selected contractors for three major contracts covering several structures at the Zuluf offshore oil and gas field development in Saudi Arabia. Their?combined value is estimated to be about?$1.7bn…read more