The National Debt Management Center has secured a USD 13 billion syndicated loan to fund essential utility projects across Saudi Arabia. This seven-year arrangement is designed to support the development of power and water infrastructure. It aligns with the Kingdom’s Medium-Term Debt Strategy which focuses on diversifying funding sources. The capital will be directed toward development and infrastructure initiatives tied to the Saudi Vision 2030 economic plan.
Watts Water Technologies Inc., a world leader in water solutions, has successfully purchased Saudi Cast. This strategic purchase was completed on December 1, 2025. It was financed using Watts’ existing cash reserves. Saudi Cast brings annualised sales of about $20 million to Watts. The acquired business will now operate within the APMEA regional segment. The move expands Watts’ operational reach in the Middle East.
Dubai Electricity and Water Authority has joined the vPAC Alliance, becoming the first utility in the MENA region to do so. The move aims to advance smart grid technology, operational efficiency, and global collaboration in energy systems.
GS Engineering & Construction will divest its Spanish water subsidiary GS Inima Environment in a $1.2bn deal, expected to close by 2027, as part of a wider portfolio restructuring strategy.
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