MEED Middle East Economic Digest

MEED Middle East Economic Digest For over 60 years MEED has been a leading source of MENA business intelligence. MEED was established in 1957 and is a remarkable senior management media brand.

10/08/2026

🏟️ A 95,000-seat stadium. Multiple venues already under construction. Saudi Arabia’s 2034 World Cup plans are moving into delivery.

From the King Salman Stadium in Riyadh, which is set to host the World Cup final, to Aramco Stadium, King Fahd Sports City Stadium, Jeddah Central Stadium and Qiddiya’s Prince Mohammed bin Salman Stadium, major venues are taking shape across the Kingdom.

In this short, Yasir Iqbal, Construction Editor at MEED, looks at the stadium projects driving Saudi Arabia’s preparations for the 2034 FIFA World Cup.

📊 What’s next for these projects and the wider giga projects pipeline?

Explore the Saudi Giga Projects Q3 2026 report for the latest contract awards, upcoming procurement opportunities and project progress.

👉 Download your FREE report extract: https://buy.meed.com/product/saudi-arabia-giga-projects/?CampaignValue=70167000000quEMAAY

📢 What’s next for MENA’s oil & gas market?Join Indrajit Sen, Editor - Oil & Gas at MEED, for an in-depth look at the pro...
10/08/2026

📢 What’s next for MENA’s oil & gas market?

Join Indrajit Sen, Editor - Oil & Gas at MEED, for an in-depth look at the projects, contracts and investment activity shaping the region’s oil, gas and petrochemicals markets.

👉 Register now to secure your spot: https://www.reports.meed.com/webinar-registration-mena-oil-gas-2026/

The session will cover:
🔹 Major megaprojects and project programmes
🔹 Active contracts and spending to date
🔹 Key contracts expected to be tendered and awarded over the next 18 months
🔹 Long-term capital expenditure outlook and forecasts
🔹 Leading clients, contractors and market participants
🔹 Spending across upstream, downstream, onshore and offshore segments
🔹 Live audience Q&A

📅 27 August 2026 |⏰ 11:00 AM GST
🎙️ Speaker: Indrajit Sen, Editor - Oil & Gas, MEED

👉 Register now: https://www.reports.meed.com/webinar-registration-mena-oil-gas-2026/

10/08/2026

Dubai Electricity & Water Authority (Dewa) has taken another step forward with the seventh phase of the Mohammed Bin Rashid Al-Maktoum Solar Park, opening technical and financial bids after receiving offers on 1 July.

The project will add 2,000MW of photovoltaic solar capacity alongside a 1,400MW battery energy storage system with six hours of storage, delivering a total storage capacity of 8,400MWh.

Read more: https://www.meed.com/dewa-opens-bids-for-mbr-solar-park-phase-seven/?utm_source=facebook&utm_medium=organic&utm_campaign=socialmediapost

A big thank you to Mahmoud A. Helmy, Sales and Business Development Manager at Orbita Tech, for sharing such valuable fe...
07/08/2026

A big thank you to Mahmoud A. Helmy, Sales and Business Development Manager at Orbita Tech, for sharing such valuable feedback on MEED Projects.

For teams navigating complex construction sales cycles, having the right project intelligence can make a real difference. MEED Projects helps Orbita Technology bring greater structure to business development by identifying relevant opportunities, tracking project stages and timelines, and providing visibility into key stakeholders and their wider project portfolios.

We’re pleased to know that MEED Projects is helping the team prioritise high-potential opportunities, improve account planning, allocate resources more effectively and make more informed sales decisions.

A special thanks to Ben Woolcock and Amal Abdalla for supporting the account and helping make the experience valuable for the team.

06/08/2026

Sabic reported a $100m net loss for Q2 2026, attributing it to the Iran-US regional conflict.

Revenue fell 5% year-on-year to $6.62bn due to geopolitical uncertainty, supply disruptions and high energy prices. Despite these challenges, Sabic remains resilient, focusing on strategic priorities, portfolio optimisation and value creation for shareholders.

Read more: https://www.meed.com/sabic-posts-100m-loss-in-q2-2026-due-to-regional-conflict/?utm_source=facebook&utm_medium=organic&utm_campaign=socialmediapost

A big thank you to Ahmad Abuharb, Sales & Business Development Manager at Sanghvi Movers Limited, for sharing his experi...
05/08/2026

A big thank you to Ahmad Abuharb, Sales & Business Development Manager at Sanghvi Movers Limited, for sharing his experience with MEED Projects.

We’re pleased to hear how MEED Projects is helping Ahmad and his team identify high-potential opportunities, track project developments, connect with the right decision-makers and prioritise prospects more effectively. The platform’s project intelligence and contractor contacts are also helping save time and support new business development.

We’re equally grateful to hear that the support from the MEED team has been responsive and helpful throughout.

A special thank you to Navid Choudry and Amal Abdalla for their continued support of the account.

05/08/2026

Why is Riyadh becoming the centre of Saudi Arabia's next wave of giga project investment?

In this short, Yasir Iqbal, Construction Editor at MEED, explains why Riyadh's flagship developments, including Expo 2030, the 2034 FIFA World Cup stadiums, Diriyah, Qiddiya, Roshn, King Salman Park, Sports Boulevard, King Salman International Airport, and the supporting road and metro networks, are set to drive the Kingdom's near-term projects market.

Want the full market picture?
📘 Explore the Saudi Giga Projects Q3 2026 report for exclusive insights into contract awards, procurement pipelines, project progress and upcoming opportunities.

👉 Download your FREE report extract: https://buy.meed.com/product/saudi-arabia-giga-projects/?CampaignValue=70167000000quEMAAY

A consortium of privately owned US and Saudi companies has announced a $5bn investment commitment to develop an integrat...
05/08/2026

A consortium of privately owned US and Saudi companies has announced a $5bn investment commitment to develop an integrated oil refining, storage and export facility located beyond the Strait of Hormuz shipping lane.

Following three years of evaluating potential sites across the Gulf, the consortium has shortlisted three GCC locations. Discussions have progressed significantly over the past two years, with the preferred site expected to be selected by the end of 2026.

Read more: https://www.meed.com/us-saudi-consortium-to-build-5bn-refinery-outside-strait-of-hormuz/?utm_source=facebook&utm_medium=organic&utm_campaign=socialmediapost

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