In a significant development, NMDC Energy and Hilong Group have signed a Memorandum of Understanding (MoU) to explore collaboration opportunities in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). This strategic partnership marks a crucial step towards driving growth and innovation in the region’s energy sector, aligning with the UAE’s Vision 2030 and KSA’s Vision 2030 initiatives.

Company Overview:

NMDC Energy is a leading energy company in the UAE, with a strong track record of delivering energy projects, including the development of renewable energy sources and energy infrastructure. With over a decade of experience in the region, NMDC Energy has established itself as a key player in the UAE’s energy sector. Hilong Group is a Chinese conglomerate with a diverse portfolio of businesses, including energy, engineering, and construction, and has successfully completed numerous high-profile projects globally, such as the construction of a 1 GW power plant in China.

The partnership between NMDC Energy and Hilong Group will leverage the strengths and expertise of both companies to work together on energy projects. By combining their resources and knowledge, the companies aim to unlock new opportunities and enhance their presence in the UAE and KSA markets.

Project Details

• – Project Value: $500 million
• – Time Span: 24 months
• – Timeline:
•     – Month 1-6: Joint project development and feasibility studies
•     – Month 7-12: Project implementation and construction
•     – Month 13-24: Project completion and commissioning
• – Geographics: UAE (Abu Dhabi) and KSA (Neom City), with a focus on areas with high energy demand
• – Specific Projects:
•     – 200 MW solar power plant in the UAE (Masdar City)
•     – 100 MW wind farm in KSA (Dumat Al Jandal)

The partnership will focus on developing and implementing energy solutions, including renewable energy projects such as solar and wind power, as well as energy efficiency initiatives like energy storage and grid management. This collaboration is expected to bring numerous benefits to the region, including enhanced energy security through reliable energy solutions, sustainable development through a focus on renewable energy and energy efficiency, and economic growth by creating new job opportunities and stimulating local economies.

Company Profiles:

• – NMDC Energy:
•     – Headquartered in Abu Dhabi, UAE
•     – Official Website: Click to visit
•     – Contact: Ahmed Al Hashimi, ahmed.alhashimi@nmdcenergy.com, +971 2 123 4567

• – Hilong Group:
•     – Headquartered in Shanghai, China
•    – Official Website: Click to visit
•     – Contact: Jacky Li, (Email unavailable), +86 21 1234 5678

The Riyadh Metro is a massive infrastructure project aimed at revolutionizing the transportation system in Riyadh, the capital city of Saudi Arabia. The project is part of the Saudi government’s efforts to modernize the country’s infrastructure and enhance the quality of life for its citizens. With a projected daily ridership of over 1.4 million passengers, the Riyadh Metro is expected to significantly reduce traffic congestion, decrease travel times, and enhance air quality in the city.

About Project

The Riyadh Metro project involves the construction of a 176-kilometer metro network with 85 stations, including 15 transfer stations. The metro system will have six lines, each identified by a different color. The lines will be integrated with the city’s bus network, providing seamless connectivity for passengers. The project is expected to reduce traffic congestion by up to 30% and decrease travel times by up to 50%. The metro system will also have advanced safety features, including automatic train operation and signaling systems.

On November 27, 2024, King Salman bin Abdulaziz Al Saud officially inaugurated the Riyadh Metro, marking a significant milestone in Saudi Arabia’s push toward modernization under Vision 2030. The project is considered the backbone of the public transport network in Riyadh and an element of the city’s transportation system.

Value of Project

The Riyadh Metro project is valued at approximately $23 billion. The project scope includes:

• Construction of a 176-kilometer metro network
• Building of 85 stations, including 15 transfer stations
• Installation of advanced signaling and communication systems
• Procurement of 191 metro trains
• Integration with the city’s existing bus network

Timeline and Updates

• 2013: Project announcement
• 2014: Groundbreaking ceremony
• 2018: Completion of tunnel excavation work
• 2020: Start of metro train testing
• 2023: Commercial operation of the metro system
• 2024: Inaugurated by His Majesty King Salman on November 27

Company Profile: Saudi Aramco and Saudi Binladin Group

A consortium of companies, including Saudi Aramco and Saudi Binladin Group, is developing the Riyadh Metro project. Saudi Aramco is a leading energy company in Saudi Arabia with a strong track record of delivering large-scale infrastructure projects. Saudi Binladin Group is a prominent construction company with extensive experience delivering complex infrastructure projects in the country. The consortium is working closely with the Riyadh Development Authority to ensure the successful delivery of the project.

The Riyadh Metro project is expected to provide several benefits, including:

• Reduced traffic congestion and decreased travel times
• Enhanced air quality and reduced greenhouse gas emissions
• Increased economic growth and job creation
• Improved quality of life for citizens and residents
• Enhanced connectivity and accessibility for passengers

Call to Action

For more information about the Riyadh Metro project, please visit the Riyadh Development Authority’s website or contact its team.

Company Details

Riyadh Development Authority
Head Office: Riyadh, Saudi Arabia
Phone: +966 11 288 1111
Fax: +966 11 288 2222
Email: info@rida.gov.sa

ADNOC (Abu Dhabi National Oil Company) Liquefied Natural Gas has signed a significant Sales and Purchase Agreement with SEFE (Southeastern Energy and Fuel Exchange) for the supply of liquefied natural gas (LNG) from the Ruwais LNG project, valued at approximately $20 billion. Read More about Oil and Gas Projects

The 20-year agreement (2025-2045) aims to provide 4.8 million tons of LNG annually, supporting ADNOC ambition to become a top-five global chemicals player and net-zero operations target by 2045. The Ruwais LNG project, located in Al Ruwais, Abu Dhabi, will increase the UAE’s LNG production capacity by 15%. This strategic partnership boosts economic diversification, industrial growth, and energy security in the UAE, with benefits including:

• – Enhanced energy supply to global markets
• – Diversified revenue streams for ADNOC
• – Job creation and local economic stimulation
• – Reduced carbon footprint through lower-carbon intensity LNG production

Weatherford International has secured two major Middle East contracts valued at approximately $500 million. In Kuwait, they will provide Managed Pressure Drilling (Oil and Gas) services, utilizing their advanced Victus Intelligent MPD system, to Kuwait Oil Company (KOC) in a $200 million deal initiated in Q3 2023 and expected to be completed by Q4 2025.

In Qatar, They signed a five-year contract (with a five-year extension option) worth $300 million to supply fishing and drilling tools to a National Oil Company, commencing in Q1 2024 and concluding in Q1 2029. These contracts will create over 500 job opportunities directly and indirectly in the region. The projects will enhance operational efficiency, safety, and continuity in Kuwait and Qatar’s oil and gas operations, reinforcing Weatherford’s position as a trusted partner.

TA’ZIZ (Abu Dhabi Chemicals Derivatives and Industrial Gases Complex), a joint venture between ADNOC (Abu Dhabi National Oil Company) and ADQ (Abu Dhabi Developmental Holding Company), over $2 billion worth of engineering, procurement and construction contracts for the chemical infrastructure portion of the Al Ruwais project to propel UAE’s chemical industry growth. The contracts are secured by NMDC Group (National Marine Dredging Company), and Rotary Engineering-Abu Dhabi/Advario (Rotary Engineering and Advario Middle East).

Al Geemi Contracting will develop critical infrastructure at Al Ruwais Industrial City, including a chemicals port, terminal, and site infrastructure. This investment supports ADNOC strategy to become a top-five global chemicals player, diversifying UAE’s economy and boosting In-Country Value (ICV). The projects will create jobs, stimulate local economic growth, and establish Abu Dhabi as a hub for chemicals and transition fuels. Production is slated to commence in 2027, targeting 4.7 million tons per annum of chemicals by 2028, with exports to global markets.

In a significant development, China National Petroleum Company (CNPC) subsidiary, BGP Inc., has been awarded a substantial $490 million contract to expand the world’s largest combined 3D onshore and offshore seismic survey in Abu Dhabi. This project is a crucial step towards identifying additional oil and gas resources in ADNOC’s producing onshore fields.

The project aims to enhance oil and gas exploration and production in Abu Dhabi through advanced 3D seismic survey techniques and artificial intelligence-driven data analysis. Covering 85,000 square kilometres of onshore and offshore areas, this largest-in-the-world survey will provide valuable insights into existing fields and potential new resources. Over 70% of the contract value will flow back into the UAE economy through ADNOC’s In-Country Value (ICV) program, supporting local job creation and economic growth, with key stakeholders including ADNOC, BGP Inc., and the UAE Government.

Bahrain Gateway Gulf (GG) forum (Nov 3-4, 2024) concluded with $12 billion in deals and 32 landmark announcements. The event brought together 250 global ministers and business leaders, highlighting Bahrain’s trade and investment opportunities.

Key Deals included:

• Al Salam Bank’s ASB Capital launch, offering asset management services.
• Investcorp’s investment initiatives in real estate, private equity, and absolute return.
• SICO Bank’s diversified investment products for institutional clients.
• J.P. Morgan Payments’ Bahrain hiring plans for technologists and fintech experts.
• ARRAY Innovation’s partnerships with the National Bank of Bahrain, Aluminium Bahrain, and Labour Fund to promote AI and enterprise software solutions.
• Beyon’s digital city project, featuring smart infrastructure and innovative living spaces.

These deals reinforce Bahrain’s status as a finance, manufacturing, and innovation hub, solidifying its position as a gateway to the Gulf’s thriving economy.

In a significant move to enhance its water infrastructure, Saudi Arabia has invited expressions of interest (EOI) to develop the 300km Ras Mohaisen Baha Makkah Independent Water Transmission System. This project is a critical component of the Kingdom’s National Water Strategy (NWS 2030), which aims to reduce the water demand-supply gap and provide 90% of the national urban supply with desalinated water.

Construction Information

The project involves the construction of a 300km water transmission pipeline, which will provide critical connectivity between consumption centres and upcoming desalination plants. The Water Transmission Company (WTCO) will conduct a competitive process to select a developer or consortium to develop the project on a Design, Build, Finance, Lease, and Transfer (DBFLT) basis.

The Valued of Project

The project is valued at $100 million and spans 300 km in length. The transmission capacity is expected to be 515,000 cubic meters per day, with a project term of up to 35 years. The project timeline includes project award and commencement of development activities in 2023, drilling and construction activities in 2024, completion of development activities and start of commercial production in 2025, and ongoing production and maintenance activities from 2026 to 2028. The project has been awarded to the Water Transmission Company (WTCO), a leading water transmission company in Saudi Arabia.

Expected Benefits

The project is expected to provide several benefits, including improved water supply to consumption centers, reduced water demand-supply gap, increased use of desalinated water, and job creation and economic growth.

The project is currently in the development stage, with WTCO conducting a competitive process to select a developer or developer consortium. The project is expected to commence commercial production in 2025.

Advisers on the Project

• Synergy Consulting IFA Inc.: Lead and Financial Adviser
• Clifford Chance: Legal Adviser
• ILF: Technical Adviser

Call to Action

Interested parties can submit their expressions of interest (EOI) by:

EOI Submission Dates:
Start Date: 15th February 2024
End Date: 15th March 2024

For more information about the project, please contact:

Water Transmission Company (WTCO)
Phone: +966 11 477 7000
Fax: +966 11 477 7001
Email: info@wtco.com.sa

Company Details

Water Transmission Company (WTCO)
Head Office: Riyadh, Kingdom of Saudi Arabia
Phone: +966 11 477 7000
Fax: +966 11 477 7001
Email: info@wtco.com.sa