Khazna Data Centers, a global leader in hyperscale digital infrastructure, has signed a long term, commercially significant contract with Presight, a leading big data analytics company, to deploy an AI optimised facility management (FM) solution and a centralised command and control centre.
Global infrastructure faces a $15 trillion financing shortfall by 2040, driving increased reliance on public-private partnerships to fund projects ranging from energy transition to digital connectivity, as fiscal space tightens and investment needs rise, said a new report.
The Integrated Gas Company (IGC), the national gas aggregator of Oman, has approved the transfer of the BP Block 61 Ghazeer Gas Export Pipeline (Phase 2) to OQ Gas Networks, following a comprehensive technical and commercial review of its proposal.
New Murabba, a major developer powered by Saudi sovereign wealth fund PIF, has signed an agreement with the US Green Building Council to advance sustainable design and next-generation green building practices across Riyadh’s new downtown.
Nesma and Partners, a leading provider of integrated project solutions, has secured the main utilities and civil works package for Expo 2030 Riyadh. The scope of work includes construction of roads within the Expo site and installation of essential utilities.
The Royal Commission for Riyadh City (RCRC) has announced Package 3 of the Riyadh Main and Ring Road Axes Development Programme, comprising six major projects with a total budget of over SAR8 billion ($2 billion). This package is scheduled for completion within 4 years.
Kuwait has awarded an infrastructure contract worth KD77.7 million ($253 million) to Khalid Ali Al Kharafi & Brothers for its Shuwaikh Water Distribution Complex. The scope of work includes the construction, maintenance, and development of the existing facility.
Bahrain’s leading telecom company Batelco by Beyon has signed up Cisco to modernise its IP Backbone infrastructure. Under this, Cisco will provide cutting edge networking capabilities with advanced routing, automation and intelligent assurance tools.
KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region.
Tabreed, a leading district cooling company, has announced a sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure. The collaboration will see the installation of 16 reverse vending machines – called Sparklomats – across the UAE.
