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Saudi Arabia News and Analysis

News

Offshore oil exploration

Saudi Aramco plans $40bn of upstream investments Subscription Required

26 August 2014 | By Kevin Baxter

Saudi Aramco CEO reveals plans for huge investment in oil and gas fields

Mecca

Mecca sets new metro tender deadline Subscription Required

25 August 2014 | By Colin Foreman

Bid are now due in late October

Saudi Stock Exchange (Tadawul)

Saudi Arabia drafts rules for Tadawul opening to foreigners Subscription Required

24 August 2014 | By Rebecca Spong

Authorities propose 10 per cent cap on foreign ownership

Plant

Saudi Aramco invests in US gas-to-liquids technology Subscription Required

24 August 2014 | By Kevin Baxter

Siluria Technologies claims it can produce a gallon of gasoline for $1

Airport

Low bidder emerges for domestic Saudi airport Subscription Required

18 August 2014 | By Rebecca Spong

Project covers expansion of Qassim airport

Oil rig

Saudi Aramco receives bids for $3bn Khurais expansion Subscription Required

18 August 2014 | By Kevin Baxter

Five packages now under evaluation for major upstream project in Eastern province of Saudi Arabia

Solar power

Bids invited for Duba integrated solar and gas power plant Subscription Required

18 August 2014 | By Andrew Roscoe

Gas fired power plant will contain an integrated solar power system

Saudi Arabia power demand 2000-2030

Contractors invited to bid for Waad al-Shamal power plant Subscription Required

14 August 2014 | By Andrew Roscoe

Client has now added a solar component to the scheme

Saudi Arabia has awarded contracts to implement flood protection and drainage projects across the kingdom

Saudi Arabia awards more flood protection deals Subscription Required

13 August 2014 | By Andrew Roscoe

Kingdom has suffered from significant damage due to flash-flooding in recent years

Pylon

Hyundai wins $250m Saudi substation contract Subscription Required

13 August 2014 | By Andrew Roscoe

South Korean firm will build one of the largest substations in the kingdom at Jubail Industrial City

Jeddah, Saudi Arabia

Arabian Construction Company wins Jeddah real estate contract Subscription Required

10 August 2014 | By Andrew Roscoe

Lebanese firm Arabian Construction Company wins contract for three buildings at Emaar Square in Jeddah

Marafiq has received bids for an engineering programme management contract for the Jubail and Yanbu industrial cities

Marafiq receives bids for management contract Subscription Required

10 August 2014 | By Andrew Roscoe

Seven engineering firms submit proposals for power and water contract for Jubail and Yanbu industrial cities

Ebola virus

Saudi man dies from suspected ebola virus Subscription Required

7 August 2014 | By Kevin Baxter

If reports are confirmed, death would be first fatality outside Africa as a result of the virus 

Offshore oil rig

Iran looks to develop joint venture oilfields Subscription Required

6 August 2014 | By Kevin Baxter

Islamic Republic looks to boost output of two fields in the Gulf it shares with Oman and Saudi Arabia

Saudi Aramco has awarded India’s Essar Projects a contract for upgrade work for a crude stabilisation unit at its Abqaiq plant at the Shaybah oil field

Essar Projects wins Shaybah contract Subscription Required

5 August 2014 | By Kevin Baxter

Indian contractor to carry out upgrade work for Saudi Aramco at Empty Quarter oil field

Ras Tanura refinery

Contractors line up for Ras Tanura retender Subscription Required

5 August 2014 | By Kevin Baxter

Saudi Aramco’s invites international contractors for refinery re-bid

Aramco extends deadline for Maintain Potential Programme

Aramco extends deadline for engineering deal Subscription Required

5 August 2014 | By Kevin Baxter

Bid deadline for Maintain Potential Programme is now 11 August

Refinery

Hand over of PetroRabigh expansion Subscription Required

4 August 2014 | By Kevin Baxter

Holding company which operates refinery complex will now control $8bn second phase

Gas pipe gauges

Interest sought for Fadhili power project Subscription Required

3 August 2014 | By Andrew Roscoe

Plant is being jointly developed by Saudi Aramco and Saudi Electricity Company

Aramco gas reserves

Fadhili heat and power plant will require project financing Subscription Required

3 August 2014 | By Rebecca Spong

Prequalification phase for Saudi Arabian project has begun

Analysis

Power

Saudi Electricity Company awards $2.9bn of contracts Subscription Required

21 August 2014 | By Andrew Roscoe

State utility has already awarded more transmission contracts in the second quarter than for whole of 2013

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription Required

17 August 2014 | By Rebecca Spong

Investors face a widening and complex web of risks in the Middle East and North Africa region

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription Required

14 August 2014 | By Robert Jones

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Oil production

Saudi oil revenues expected to top $300bn Subscription Required

11 August 2014 | By Kevin Baxter

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription Required

31 July 2014 | By Kevin Baxter

The region is now the world’s second-biggest market for operating oil rigs

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription Required

23 July 2014 | By Rebecca Spong

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Stock market

Market reacts to Saudi decision to open up stock market Subscription Required

23 July 2014 | By Rebecca Spong

The opening of the Tadawul to foreign investors is widely welcomed by market

Sami al-Louzi Subscription Required

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

Harj Rai Subscription Required

20 July 2014

Harj Rai is partner in Riyadh and Dubai at Latham & Watkins

Craig Nethercott Subscription Required

20 July 2014

Craig Nethercott is partner in Riyadh and Dubai at Latham & Watkins

Salman al-Sudairi Subscription Required

20 July 2014

Salman al-Sudairi is partner, Riyadh at Latham & Watkins

Amar Meher Subscription Required

20 July 2014

Amar Meher is counsel in Riyadh at Latham & Watkins

Omar Elsayed Subscription Required

20 July 2014

Omar Elsayed is counsel in Riyadh at Latham & Watkins

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription Required

17 July 2014 | By Kevin Baxter

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

GCC overall awards

Growth continues in contract awards Subscription Required

17 July 2014 | By Colin Foreman

Building projects and the UAE dominated contract awards in the first half of 2014

Sami al-Louzi Subscription Required

12 July 2014

Sami al-Louzi is a leading equity capital markets and mergers and acquisitions partner at Latham & Watkins firm in Riyadh and Dubai

Construction equipment

Construction surge boosts Saudi Arabia's equipment sales Subscription Required

29 June 2014 | By Jeff Florian

Construction equipment suppliers respond to increase in demand as rising government expenditures bolster the kingdom’s construction market

Comment

Riyadh

Tadawul access a positive sign

24 July 2014 | By Rebecca Spong

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region

22 July 2014 | By Rebecca Spong

Gulf region will become more appealing to international investors

Banking

Saudi banks look to new markets

17 July 2014 | By Rebecca Spong

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Drilling

Shale gas faces a tight fight

17 July 2014 | By Kevin Baxter

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Aramco: Investing in future development

Saudi Aramco takes the lead in development

17 July 2014 | By Kevin Baxter

Since its formation, it has led development in the kingdom, stepping beyond the remit of its core business. Today, it shows no signs of slowing down

Refinery

Case grows for subsidy cuts in Saudi Arabia

10 July 2014 | By Kevin Baxter

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

Renewable energy

Saudi Arabia renewables plans falter

10 July 2014 | By Andrew Roscoe

The future of King Abdullah City for Atomic and Renewable Energy is not clear

Mining

Maaden’s new funding source

3 July 2014 | By Rebecca Spong

The involvement of foreign banks in a $5bn financing for the phosphates city project opens up new funding options for the mining company

Construction

Contractors await market revival Subscription Required

19 June 2014 | By Andrew Roscoe

Construction contract awards for the first half of 2014 are 66 per cent down on the same period in 2013

Gasification

Aramco enjoys success at Jizan Subscription Required

12 June 2014

The firm has managed to trim $3bn off the Jizan plant’s tender prices, with construction now under way

Offshore oil

Saudi Aramco takes a breather Subscription Required

5 June 2014

Last year was comparatively quiet for the oil giant as it consolidated its position and made plans for the future

Aviation

Airport projects make progress Subscription Required

29 May 2014

Governments across the GCC are ramping up aviation infrastructure, with Saudi Arabia, Qatar and the UAE all making significant strides

Saudi Arabia

High government spending justified Subscription Required

22 May 2014

Riyadh’s budgeted spending in 2014 reaches new highs and will address the need for social infrastructure

Oil

Firms line up for offshore work Subscription Required

15 May 2014 | By Kevin Baxter

It is clear the next five years will be a busy time for offshore contractors, and a highly competitive bidding process is expected to follow

Riyadh

Saudi Arabia banks key to debt settlement Subscription Required

8 May 2014 | By Rebecca Spong

AH Al-Gosaibi’s plan to settle its debts will only bear fruit if Saudi and foreign lenders work together

Shale gas

Saudi shale ambitions take back seat Subscription Required

1 May 2014

The costs of producing shale gas are falling every year, which means Aramco can take its shale plans slowly until its planned date of 2020

integrated solar combined-cycle plant

SEC drives green energy efforts Subscription Required

1 May 2014

Saudi utility company comes to the rescue to bolster kingdom’s lacklustre renewables programme

Phosphates mining

Riyadh’s third pillar of success Subscription Required

1 May 2014

Maaden proves itself with project to build major phosphates development in the kingdom

Dubai: Infrastructure requires new sources of funding

Race for Mecca metro deals Subscription Required

17 April 2014

Competition for Mecca metro contracts heats up as Turkish firms dominate the field in the prequalification round

Prince Bandar bin Sultan

New policy heralds leadership change Subscription Required

17 April 2014

Saudi Arabia’s foreign policy change likely one of the main reasons for intelligence chief’s resignation

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