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Tag: Saudi Arabia

TAQA Celebrates Milestones and Expands Service Footprint in Africa and Iraq

Posted: October 18, 2023 at 11:41 am   /   Oil & Gas

Marking Two Decades of Excellence: TAQA Celebrates Milestones and Expands Service Footprint in Africa and Iraq. The Industrialization and Energy Services Company (TAQA), a leading well solutions provider to the energy industry, celebrated its 20th anniversary at Abdeen Palace in Cairo. The celebration witnessed the announcement of the integration of “Tendeka”, “Cougar”, “TARGET”, and “AlMansoori Petroleum […]

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TAQA Expands in Egypt as Strategic Hub for Energy Services

Posted: September 23, 2023 at 1:42 pm   /   Oil & Gas

Aiming to strengthen its presence, TAQA Expands in Egypt as Strategic Hub for Services. Following the acquisition of Al Mansouri Petroleum Services Company (AMPS), the Industrialization and Energy Services Company, ‘TAQA,’ has fortified its footprint in Egypt. This strategic move aims to position Egypt as a regional hub and a robust gateway for expansion into […]

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ACWA Power’s 200MW Kom Ombo solar project obtains $123 million financing package

Posted: April 26, 2023 at 12:34 pm   /   Renewables

ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced that it has signed a US$123 million financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]

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solar

Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt

Posted: June 25, 2022 at 9:49 am   /   Renewables

Alhokair Group subsidiary FAS Energy is planning to invest some USD 450 mn (SAR 1.7 bn) to construct a 500 MW solar plant in Egypt in partnership with the Electricity Ministry and the Egyptian Electricity Transmission Company (EETC), FAS Energy CEO Sabri Asfour told Enterprise. The firm is in final negotiations on the location of the plant, and hopes to sign […]

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ACWA Power

ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn

Posted: June 22, 2022 at 11:43 am   /   Renewables

The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East. Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to Egypt. Project marks ACWA Power’s expansion in the country to three projects. ACWA Power, a leading Saudi developer, investor […]

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Ajlan & Bros

Egypt, Ajlan & Bros ink $3.3 bn deal to build petroleum storage complex

Posted: June 22, 2022 at 11:35 am   /   Oil & Gas

Ajlan & Bros to build oil storage complex: Saudi conglomerate Ajlan & Bros inked a USD 3.3 bn agreement to build a facility for storing petroleum products with the Egyptian Arab Supply Chain Group Company, according to Arab News. The storage complex made up more than 40% of the value agreements signed with KSA yesterday. The company signed six […]

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Hitachi ABB

Hitachi ABB Power Grids consortium awarded major contract for first ever large-scale HVDC interconnection in Middle East & North Africa

Posted: October 5, 2021 at 7:32 pm   /   Electricity & Power

The groundbreaking intercontinental link will enable the Kingdom of Saudi Arabia and the Arab Republic of Egypt to exchange electricity, increase grid resilience and support a carbon-neutral future. Hitachi ABB Power Grids today announced that it is the lead in a consortium that has been awarded a major contract worth several hundreds of millions of […]

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Orascom-Construction

Orascom Construction, Hitachi ABB ink contracts for Egypt-Saudi power link

Posted: October 5, 2021 at 3:43 pm   /   Electricity & Power

OC-led consortium signs contract for electricity grid connection with KSA: An Orascom Construction-led consortium signed a contract with the Egyptian Electricity Transmission Company (EETC) to connect the national power grids of Egypt and Saudi Arabia, according to an OC press release. out today. The long-awaited project — the first inter-continent high-voltage direct current (HDVC) project in the world, according to […]

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Aldrees Petroleum

Saudi service station provider Aldrees Petroleum plans Egypt expansion

Posted: July 27, 2021 at 8:38 pm   /   Oil & Gas

Saudi’s Aldrees Petroleum looks to grow in Egypt. Saudi Arabia’s Aldrees Petroleum and Transport Services is planning to expand into Egypt by opening 60 fuel stations in the country during 2H2021, according to Arab News. Aldrees has reportedly submitted a request to acquire existing service stations in Egypt, but is awaiting a response. The Saudi […]

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About Hitachi ABB Power Grids

Hitachi ABB Power Grids signs contract with GCCIA to improve infrastructure, paving way for Egypt-KSA connection

Posted: September 1, 2020 at 12:18 pm   /   Electricity & Power

Hitachi ABB Power Grids awarded three-year contract by Gulf Cooperation Council Interconnection Authority to improve the power infrastructure using innovative system models and pave the way for the connection between Egypt & KSA GCCIA signs up to Hitachi ABB Power Grids’ new reliability-based digital ‘RelCare’ service solution for optimized asset lifecycle management Hitachi ABB Power […]

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