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.
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.
La Rosa Holdings Corp. has confirmed the appointment of Nicholas Adler as its new Chairman of the Board. Mr Adler joins the Nasdaq listed firm effective from 29 December 2025 and will also lead the Compensation Committee. The company is currently focusing on expanding its footprint in real estate backed technology infrastructure. This leadership change is intended to support the firm's long term growth and data centre development goals.
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.
AirTrunk has secured a new site in Melbourne's north-west for a massive 354MW hyperscale data centre campus. The A$5 billion MEL2 project will take the company's total Victorian investment to A$7 billion and support Australia's recently launched National AI Plan. It is estimated that the development will create 4,000 construction jobs and over 200 permanent roles.
Mah Sing Group Berhad and KLK Land have confirmed a major joint venture to develop a new industrial hub in Johor, Malaysia. The partners will transform 419.15 acres of freehold land in Kulai into the MS Industrial Park @ Kulai, a project with an estimated gross development value of RM2.26 billion. Mah Sing will hold a 60% stake in the venture and lead the development, while KLK Land retains 40%.
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