Saipem has secured a significant offshore contract valued at approximately 425 million USD for the Sakarya gas field development in the Black Sea. The agreement with Turkish Petroleum OTC involves the extension of the third phase of the project to include the recently discovered Goktepe field. This expansion requires the installation of 153 km of pipelines and subsea structures at depths of 2,200 meters. The project aims to increase production capacity to meet growing energy demands.
The Royal Commission for Riyadh City (RCRC) has unveiled Package 3 of its massive road development programme. This latest phase involves six major projects with a budget exceeding SAR 8 billion. Aimed at modernising the capital's transport network, the initiative aligns with Saudi Vision 2030 to turn Riyadh into a global logistics and mobility hub. Construction is expected to take between three and four years.
PowerBank Corporation has announced the commercial operation of its first 1.45-megawatt rooftop solar project in Calgary, Alberta. Developed for Fiera Real Estate, the project serves as a pilot for future renewable energy initiatives within Fiera’s global portfolio. The installation will sell power to the local grid while generating carbon offsets through provincial environmental systems.
The Illinois Economic Development Corporation and Ameren Illinois have launched a new pilot scheme called the Ameren Site Acceleration Program. This initiative aims to speed up the preparation of development-ready land across central and southern Illinois. By focusing on three specific sites in Champaign, Decatur, and Ottawa, the partners hope to attract major corporate investments and industrial expansions.
Emirates Global Aluminium and Sunstone have announced a $300 million joint venture to build a major anode manufacturing plant in the UAE. Scheduled for construction in 2026, the facility will produce 300,000 tonnes of anodes annually, significantly reducing the country’s reliance on imports. The project marks Sunstone's first manufacturing expansion outside of China and is a key part of the UAE's Operation 300bn industrial growth strategy.
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