Técnicas Reunidas and Orascom Construction have signed a 2,6 b$ contract for a large combined cycle in Saudi Arabia - Técnicas Reunidas

This substantial $2.6 billion contract awarded to Técnicas Reunidas and Orascom Construction for a large combined cycle power plant in Saudi Arabia signifies a major boost to the Kingdom's energy infrastructure. In the context of the GCC, Saudi Arabia is aggressively expanding its power generation capacity to support its ambitious Vision 2030 goals, which include massive industrial projects, new cities like NEOM, and a growing population. Combined cycle technology is critical for enhancing energy efficiency and reducing the carbon footprint of power generation, aligning with global sustainability trends and the Kingdom's own energy transition objectives. The involvement of a prominent international EPC contractor like Técnicas Reunidas alongside a regional giant like Orascom Construction highlights the attractiveness and scale of opportunities within the Saudi market. This project will undoubtedly drive demand for local suppliers, create jobs, and further solidify Saudi Arabia's position as the leading market for large-scale construction and engineering ventures in the Gulf.