Construction & Real Estate

Kuwait fund joins NVIDIA, KKR and Vistra to launch $10bn AI infrastructure firm

The Kuwait Investment Authority (KIA) has joined forces with artificial intelligence (AI) ⁠chip giant NVIDIA, private equity firm KKR and US integrated power generation firm Vistra to launch a new AI infrastructure company - Helix Digital Infrastructure - at a total investment of over $10 billion in long-duration capital commitments....

Construction & Real Estate

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

Construction & Real Estate

GCC direct power grid interconnection with Oman launched

The Gulf Cooperation Council Interconnection Authority has announced the start of implementation of the direct electricity interconnection project linking the GCC grid with Oman’s network, marking a major step in regional energy integration and infrastructure development....

Construction & Real Estate

GCC Interconnection Authority, Iraq finalise plans for major electricity link

The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities. ...

Construction & Real Estate

Siemon launches new Smart Building Complete solutions

The Siemon Company, a key provider of connectivity solutions for data centres and smart buildings, has announced the launch of Smart Building Complete, a unified connectivity and cabling solution engineered to power the critical technologies shaping modern workplaces. ...

Construction & Real Estate

UAE's $1bn Yemen investment to provide power to 3m homes

The UAE’s new $1 billion investment portfolio in Yemen will help provide between two and three million homes with clean energy through solar and wind projects, said Ali Alshimmari, Managing Director and CEO of Global South Utilities (GSU)....

Construction & Real Estate

Saudi PIF, Acwa Power to collaborate on power, water infrastructure

The Saudi Public Investment Fund (PIF) and Acwa Power have signed a memorandum of understanding (MoU) to explore opportunities to develop power and water infrastructure for PIF’s local real estate portfolio companies....

Construction & Real Estate

L&T lands $569m Saudi grid infrastructure orders

India's top construction conglomerate Larsen & Toubro (L&T) has announced that one of its key units has secured a batch of grid infrastructure orders - worth nearly Rs50 billion ($569 million) - for construction of 380 kV substation and transmission lines in Saudi Arabia. ...