MENA Project Tracker — ADSSC tenders Scada and data center contracts; Dubai investments to start $272m community project

Abu Dhabi Sewerage Services Co has started bids on two contracts (Shutterstock)
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Updated 21 September 2022
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MENA Project Tracker — ADSSC tenders Scada and data center contracts; Dubai investments to start $272m community project

CAIRO: Kuwait Oil Co. has awarded two contracts to Alghanim International General Trading & Contracting and Heavy Engineering Industries & Shipbuilding Co., reported MEED. 

Alghanim will work on the construction of remote header manifolds in the south and east of Kuwait, but KOC has yet to divulge the contract’s value details. 

The second 15.5 million Kuwaiti dinar ($50.2 million) contract — handled by Heisco — is for the provision of marine fleet staff. 

ADSSC tenders two Scada and data center contracts  

Abu Dhabi Sewerage Services Co. has started bids on two separate contracts for the development of a Supervisory Control And Data Acquisition — also known as a Scada system — and a disaster recovery data center facility.

The first contract entails creating the hardware and software of the Scada system, and constructing a new command and control center building.

Bids for this project are expected by Oct. 10, reported MEED.

As for the disaster recovery data center contract, its work includes restoring and fixing ADSSC’s digital infrastructure and digital operations — when its primary data center becomes unavailable.

The client is expecting bids for this contract on an earlier date of Oct. 3.  

Dubai investments to start $272m community project

Dubai Investments will start the construction of the 1 billion UAE dirham ($272 million) Danah Bay community project next month, which will be located on the island of Al Marjan in Ras Al Khaimah, reported Zawya.

“Construction will commence in October 2022 and the first phase of the project is expected to be completed by December 2024,” said Khalid Bin Kalban, vice chairman and CEO of Dubai Investments.

The beach-front project consists of luxury townhouses, villas ranging from two to four bedrooms, and apartments along the island’s coast, according to Zawya.

Additionally, it will include a four-star hotel under the management of Millennium Hotels & Resorts.


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
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Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.