Saudi Focus

Dammam-based Al Rashed Wood Products Factory (RAR Wood) continues to add to its tally of successful projects in Saudi Arabia, with one of its latest major projects being the construction of the prefabricated main camp and site offices at Fadhili Gas Plant project site.

A consortium of Hyundai Engineering & Construction Company and Dutch project management consultancy Royal HaskoningDHV has won the contract to design ‘the world’s largest maritime yard’ in Saudi Arabia.

PetroRabigh delay to hit costs Petrorabigh said it would again delay completion of an expansion, raising the cost of the project to SR34 billion ($9.1 billion).

Topwerk has recently completed the installation of the first fully automatic block-making plant with in-line value-adding machine in Saudi Arabia. The installation was for its loyal customer Saudi Pan Kingdom Company (Sapac), which had previously installed a HESS plant in 2004.

Saudi Arabia’s oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity.

French utility company Engie said it has won a major contract from Saudi Electricity Company (SEC) to build a 1,504 MW power plant at an estimated cost of $1.2 billion in the kingdom. The contract for the Fadhili power plant was awarded by SEC in partnership with national oil giant Saudi Aramco, according to a Reuters report.

Abdul Latif Jameel Land (ALJ Land), one of Saudi Arabia’s leading property developers, said it aims to invest about SR7.5 billion ($1.9 billion) in various development projects across Saudi Arabia by 2022, including SR2 billion ($532 million) this year.

Saudi Electricity Company (SEC), in a major move, is set to invite private investors to participate in creating an additional 5,400 MW of generating capacity across the kingdom, according to a report. These power projects are likely to be executed in phases, said a Reuters report.