L&T showcases expertise in renewables, power and water infrastructure

Larsen & Toubro. (Photo/Wikipedia)
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Updated 21 November 2023
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L&T showcases expertise in renewables, power and water infrastructure

Over the last four decades, Larsen and Toubro, the Indian multinational conglomerate, has established its credentials in the Gulf region, developing vital infrastructure in various countries including Saudi Arabia, the UAE, Oman, Kuwait, and Qatar. L&T has lent their expertise to constructing power and water infrastructure, high-rise buildings, stadiums, airports, hospitals, transportation infrastructure and executing projects in the hydrocarbon space. Apart from playing a crucial role in the NEOM project, L&T is rapidly making their presence felt in the renewables space with the execution of key projects in the region.
Recently, L&T made a significant mark at the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023, which was held at the Dubai Trade Centre from Nov. 15-17.

We are delighted that we are playing a significant role in the huge wave of development that is going on in across the Middle East, led by Saudi Arabia.

T. Madhava Das, Whole-time Director and Senior Executive Vice President, L&T

“Over the last few years, our focus on international business has sharpened, which is reflected in the fact that over 30 percent of our total turnover comes from international markets, especially from across the Gulf region,” said T. Madhava Das, whole-time director and senior executive vice president (utilities), L&T. “We are delighted that we are playing a significant role in the huge wave of development that is going on across the Middle East, led by Saudi Arabia, and with our expertise and experience built over decades, we are well placed and well-equipped to continue making a difference. WETEX always has an ideal platform for us to showcase our capabilities and it was no different this year,” he added.
In the renewables sector, L&T has achieved significant milestones through its involvement in the world’s largest green hydrogen plant project, conducted in collaboration with NEOM Green Hydrogen Company in Oxagon, Saudi Arabia. With an investment of $8.4 billion, this project focuses on producing green hydrogen and green ammonia for global export. L&T has received approval from Air Products, the EPC contractor and exclusive off taker, to establish renewable energy generation, storage, and grid infrastructure, with a contract value of close to $3 billion. Progress has been substantial in surveys, design, engineering, temporary facilities, and long-lead item procurement.

The project includes the construction of a 2.2 GWac PV solar plant, a 1.65 GW wind generation balance of plant, and a 400 MWh battery energy storage system.
L&T continues to play a vital role in Saudi Arabia’s energy development, executing crucial substation and transmission line projects for entities such as the Saudi Electricity Company and Saudi Aramco, and developing major gas fields and processing facilities, including the Hasbah offshore gas field and the Midyan gas processing facilities.

 


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.