Penspen, a major provider of engineering and project management services, has announced a record year for 2025, securing 65 new contracts worth $456 million across the Middle East and Africa region. These included project management supervision, FEED, consultancy and detailed design contracts.
Emirates NBD, a leading banking group in the region, said it has successfully structured and completed a green facility for Arabian Gulf Steel Industries (AGSI), a leading private sector recycler in the UAE. AGSI will use the facility to boost its low-carbon steel production capacity.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) said one of its key units has secured EPC orders - in the range of Rs50 billion to 100 billion ($551 million to $1.1 billion) - from leading utilities in the Middle East to establish electricity grid system elements across the region.
AtkinsRéalis, the global design and engineering consultancy, has announced plans to join forces with Futurecity, a leading cultural placemaking agency, in a move that will see the two work together on major projects in the region that will shape the future of Middle East cities.
UK-based LOBO Systems has completed its first deployment of modular work-at-height platform system in Saudi Arabia, thus marking a significant milestone in the continued international expansion and formal entry into the Middle East industrial market.
Keolis Group, a global leader in shared mobility and public transport, has appointed Youenn Dupuis as CEO Middle East & Eastern Asia.
It will be another year of robust economic growth in the Middle East in 2026 despite lower oil prices, according to top ratings agency Fitch. The median growth among the Gulf countries as well as Egypt, Iraq, Israel and Jordan will be at 4%, up from 3.4% last year.
SIBS, a major international specialist in industrialised, volumetric modular construction based in Sweden, has signed a strategic collaboration with Linq Modular, a part of UAE-based ALEC Holdings, to accelerate the delivery of large-scale, modular developments across the Middle East.
Kuraray’s Advanced Interlayer Solutions (AIS) Division has announced the opening of a new office in Dubai. The new regional Middle East office confirms and strengthens Kuraray’s commitment to supporting the evolution, growth and innovation behind the region’s highly dynamic engineering, fabrication and architectural capabilities.
