Leading masterdeveloper Nakheel has awarded an AED527 million ($143.4 million) contract to Al Nasr Contracting Company for primary infrastructure and utilities works on Island B at Dubai Islands. The scope includes roads and paving work, utility, telecom as well as drainage and sewage systems.
Saudi Energy and Kraken signed agreements to form a Riyadh-based joint venture, accelerating digital transformation across energy and utilities in Mena, leveraging Kraken’s AI-powered operating system for utilities.
Saudi Energy has signed final agreements to establish a strategic partnership with Kraken Technologies Limited, one of the world’s leading companies in AI-powered digital operating solutions for the utilities sector.
Quarterly net profits reported by companies listed on GCC exchanges witnessed a sharp sequential decline and reached the lowest level in 12 quarters during Q4-2025, said a Kamco research report.
Genixgreen, a leading energy storage provider, has launched a comprehensive portfolio of high-voltage storage systems designed to address South Africa’s unique energy challenges, including high electricity costs, grid instability, and frequent load shedding.
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East, and Africa, recorded full-year 2025 revenues of AED54.8 billion ($14.92 billion), broadly in line with the prior year.
Abu Dhabi entities - Adnoc and Taqa - have signed a deal to co-develop a central utilities project, including the power grid connection and a range of water and wastewater utilities, at Ta'ziz Industrial Chemicals Zone in Ruwais. The duration of the agreement includes the offtake of utilities and construction of the plant. . The duration of the agreement includes the offtake of the utilities and construction of the plant.
Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects.
