Please wait...
GulfBase Live Support
- Aramco CEO among business leaders urged by China's Xi to protect trade as Trump tariffs loom
- Oil Updates - crude set to rise for 3rd week on Venezuela, Iran pressure
- M&A deals in Saudi Arabia rise in sign of foreign investor confidence: Marsh
- Saudi maritime industry spurring global trade shift
- Saudi Crown Prince issues directives to curb rising land prices and rents in Riyadh
- Closing Bell: Saudi main index closes in green at 12,025
- Saudi Arabia's job market strengthens as unemployment falls to 7% in Q4 2024
- UAE unveils new dirham symbol and digital currency
- Oil Updates - crude holds near 1-month high, set for 3rd week of gains amid supply woes
- Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
27/03/2025 05:58 AST
Alghanim International said it has been awarded a major engineering, procurement and construction (EPC) contract worth $1 billion for Project Volta, a new cogeneration utilities plant in Abu Dhabi.
A major player in construction, engineering and infrastructure development in Kuwait, Alghanim International has been delivering large-scale, high-impact projects across the Middle East and North Africa.
The contract was awarded by Abu Dhabi National Energy Company (Taqa) and Abu Dhabi National Oil Company (Adnoc Group).
This landmark project will play a crucial role in supplying utilities to Ta'Ziz's derivatives complex, supporting the production of new petrochemical products in the UAE.
Additionally, it strengthens Alghanim International's reputation as a leader in executing large-scale utilities and energy projects.
From the Duqm Integrated Power and Water Plant in Oman, which powers the Duqm Refinery, to multiple mega scale energy projects in Kuwait, Alghanim continues to play a role in the progress of the energy industry across the region, said a company spokesman.
"With our engineering excellence, proven track record, and unwavering commitment to innovation, we are proud to contribute to Abu Dhabi's industrial growth and look forward to delivering another world-class project that sets new benchmarks in the energy sector," he added.
Trade Arabia
| Ticker | Price | Volume |
|---|
30/03/2025
Mergers and acquisitions in Saudi Arabia recorded a 55 percent annual rise in 2024 as deal value hit $9.6 billion, fueled by foreign investors and key sector activity.
According to Marsh's T
Arab News
30/03/2025
Saudi Arabia's investment in its maritime sector could see a shift in global trade logistics that helps reduce reliance on traditional routes, leading industry figures have told Arab News.
W
Arab News
30/03/2025
In response to the rising land prices and rental costs in Riyadh, Crown Prince Mohammed bin Salman on Saturday directed a series of measures aimed at achieving stability in the real estate sector, th
Arab News
28/03/2025
Saudi Arabia's unemployment rate for nationals in the fourth quarter of 2024 reached 7 percent, marking a decrease of 0.8 percentage points compared to both the previous quarter and the same period l
Arab News
28/03/2025
The Central Bank of the UAE on Thursday introduced a new symbol for the nation's currency, both in its physical and digital forms, marking a significant step in reinforcing the UAE's status as a lead
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia