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CONSTRUCTION-
Hassan Allam lands a contract for the Port of Neom: Our friends at Hassan Allam Construction Saudi have been awarded a contract to develop Port of NEOM’s Container Terminal 1 and a related marine services area. The company will work with El Seif Engineering Contracting and China Harbour Engineering, according to a statement on LinkedIn. The contract includes the construction of all buildings at the terminal — which is scheduled to open in 2025 — and the marine services area as well as the infrastructure and entrance zone at the terminal. The value of the contract was not disclosed.
ICYMI- Hassan Allam Construction Saudi is also working on Neom’s coral reef restoration project — considered the largest in the world — under an agreement with the King Abdullah University of Science and Technology.
AVIATION-
Flynas’ order with Airbus now has a figure attached to it — USD 30 bn: This value makes it this year’s largest order in commercial aviation, Managing Director and CEO of Saudi Flynas Bandar Al-Muhanna told Asharq Bloomberg.The delivery schedule will run from 2027 to 2034.
REMEMBER- Last week, Flynas placed the big order with Airbus for 30 wide-body A330neo and 130 narrow-body A320 aircraft, doubling its total Airbus orders to 280. The agreement, signed at the Farnborough Airshow includes 75 A320neo and 15 A330-900 aircraft with options for 55 more A320neo aircraft and 15 additional A330s.
INFRASTRUCTURE-
#1- India’s Larsen and Toubro to build a substation, power line in the Kingdom: Saudi Arabia has placed an order with the power distribution arm of Indian engineering and construction conglomerate Larsen & Toubro to build a 380kV substation and 380kV overhead power line in the Kingdom’s central region, Larsen & Toubro said in a statement (pdf). No information was disclosed on the order’s value or timeline.
#2- Private sector players sign infrastructure contracts wroth a total of SAR 1 bn: The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed nine contracts worth SAR 1 bn with the private sector for infrastructure development projects, the authority said in a post on X.
The details: The contracts involve the development of infrastructure and power lines in the industrial cities of Makkah, Jeddah, Tabuk, Dammam and Hafar Al-Batin. The timeline of the projects and the identity of the companies involved were not disclosed.
HEALTHCARE-
Dallah Healthcare has wrapped up the second phase of its Dallah Namar Hospital, with operations slated to kick off on 3 August, it said in a disclosure to Tadawul. Dallah said it obtained the necessary approvals for operating the hospital and announced that Youssef Marroun Contracting Company — awarded a contract in 2022 — has completed mechanical, electrical, and finishing work at the facility.
LOGISTICS-
London Metal Exchange adds Jeddah to its delivery points network for copper, zinc: The London Metal Exchange (LME) has approved Jeddah as a warehouse delivery point for copper and zinc, it said in a regulatory filing (pdf). The listing of the Red Sea port city will go into effect three months after the first warehouse company is approved there, the disclosure read.
IN CONTEXT- LME, the largest metal exchange in the world, had been planning to list Saudi Arabia as a delivery point since March, but said it needs to amend the framework of its warehouse locations, which it did on Monday, according to Reuters. Saudi Arabia became the second MENA country to join LME’s delivery points network after the UAE, according to the exchange’s list of active warehouses (pdf). LSE usually targets locations with high demand for metals, or are key transit points to list its warehouses.
