REGIONAL REPORT Ӏ MIDDLE EAST
($8.4 billion) invested in
creating the ‘Green Hydrogen Corridor by ACWA Power and Sefe. ACWA Power and Sefe
are partnering to establish a "hydrogen bridge" between Saudi Arabia and Germany, aiming to supply 200,000 tonnes of green hydrogen annually to Germany and Europe by 2030. SEFE will act as both a
co-investor and prime offtaker, marketing the green hydrogen to its German and European customers. Battery Energy Storage
Systems (BESS) are another area of investment. A SAR7.5 billion ($2 billion) contract has been awarded to Chinese automaker,
and subsidiary of the BYD Company, BYD Auto for five 500MW storage sites. The National Water Strategy 2030 is a key priority for the Saudi government. In March 2025, a 587km water pipeline between Jubail and Buraydah was approved with a budget of SAR8.5 billion ($2.2 billion). Meanwhile, Saudi Telecom Company (STC) signed an SAR32.64 billion ($8.7 billion) deal to develop national telecom infrastructure.
QUATAR Qatar is diversifying through LNG, renewable energy, and infrastructure expansion. Its construction industry is forecast to expand 2.3% in 2025,
supported by strategic budget allocations and long-term development plans like the Qatar National Vision 2030 and the Transportation Master Plan 2050. The 2025 budget forecasts
expenditure of QAR210.2 billion ($57.8 billion), with QAR22 billion ($6.04 billion) being spent on the healthcare sector, QAR19.4 billion ($5.3 billion) spent on education and QAR3.9 billion ($1.1 billion) on transport development. Tourism and R&D related
construction will account for QAR3.6 billion ($989 million) and QAR1.1 billion ($302.2 million), respectively, while QAR7 billion ($1.9 billion) worth of water and electricity projects are slated for tendering in 2025.
YOUR GEAR DESERVES SMART
ENGINEERING
THE RIGHT LIFTING PRODUCTS WHENEVER AND WHEREVER YOU NEED THEM Ropeblock hardware can be found worldwide wherever lifting components in cranes are in contact with the wire rope. Our products are
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ROPEBLOCK.COM
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