Latest news with #SamsungC&TCorporation
Qatar Tribune
25-05-2025
- Business
- Qatar Tribune
QFZ, Samsung C&T to launch green, digital infra projects
Tribune News Network Doha Qatar Free Zones Authority (QFZ) and Samsung C&T Corporation signed a landmark strategic agreement, reaffirming their long-term partnership on a series of high-impact, sustainability-driven, and innovation-led projects within Qatar's Free Zones. The agreement ushers in a new phase of execution across green and sustainable investments in key sectors in the State of Qatar and the region. The agreement signing was witnessed by Minister of Commerce and Industry and Chairman of Qatar Free Zones Authority HE Sheikh Faisal bin Thani bin Faisal Al Thani and Ambassador of Korea to Qatar HE Yun Hyunsoo. The agreement was signed by Qatar Free Zones Authority CEO Sheikh Mohammed bin Hamad bin Faisal Al Thani and Samsung C&T Corporation CEO President and CEO Se Chul Oh at the Business Innovation Park in Ras Bufontas Free Zone on the sidelines of his visit and participation at Qatar Economic Forum (QEF) 2025. The signing was also attended by senior dignitaries from Qatari government entities, high-ranking officials from both parties, and representatives from public and private sector stakeholders. The event was followed by a reception celebrating the two parties' shared ambition to shape the future of sustainable investment in Qatar and the wider region. Under the agreement, QFZ and Samsung C&T will collaborate on five transformative projects, which include a Competency Center in Solar Technologies, a 285 MW ground solar farm, an off-grid rooftop solar energy solutions, a low-carbon bioproducts plant and a cutting-edge digital infrastructure project. These projects reflect the shared commitment of both parties to advancing climate-conscious development while delivering long-term economic value through localisation, job creation, and technology transfer. The projects are expected to generate significant employment opportunities across engineering, clean technology, and data services. The solar competency center will serve as a distribution hub and launchpad for the region's most ambitious solar initiatives, backed by international engineering expertise. Meanwhile, the green energy initiatives, including the solar farm and rooftop systems, will power QFZ's investor ecosystem and contribute to Qatar's growing reputation as a regional sustainability leader. The low-carbon plant will produce next-generation bioproducts, while the advanced digital infrastructure project will support the digital transformation of businesses in Qatar and across the region. Sheikh Mohammed said, 'This agreement with Samsung C&T is a defining moment in our mission to transform Qatar into a global platform for sustainable innovation and advanced technologies. It exemplifies how strategic partnerships can unlock long-term value across economic, environmental, and societal dimensions, while directly contributing to the pillars of Qatar National Vision 2030. Through initiatives spanning green energy, digital infrastructure, and bio-industrial solutions, we are creating the foundations of a resilient, diversified economy powered by knowledge, clean technology, and global collaboration. Qatar Free Zones Authority is proud to lead this transformation, enabling international pioneers like Samsung C&T to shape the industries of tomorrow from the heart of Qatar.' Se Chul Oh said, 'It is a privilege to be part of today's momentous occasion, marking the signing of this important agreement with Qatar Free Zones Authority. Samsung C&T Corporation has been actively engaged in the Qatari market for many years, where we have successfully delivered some of the country's most significant projects in power, infrastructure, and renewable energy. We look forward to strengthening our collaboration with Qatar Free Zones Authority across a diverse range of sectors. In particular, we are enthusiastic about the opportunity to work together on clean energy initiatives, which are critical to advancing the global shift toward sustainability and supporting the green transformation currently reshaping industries worldwide.' With facilities planned across both Ras Bufontas and Umm Alhoul Free Zones, the partnership will leverage Qatar's strategic connectivity and robust infrastructure to serve both local and regional markets. By aligning sustainability with innovation, and ambition with execution, this agreement cements Qatar's Free Zones position as a preferred destination for high-value, impact-driven global partnerships.
ME Construction
07-04-2025
- Business
- ME Construction
NPWPC receives strong response for Misfah and Duqm power plants
A total of twelve major utility developers have submitted their Statements of Qualifications (SOQs) for consideration including: Samsung C&T Corporation, Korea Western Power, Marubeni Corporation, Sumitomo, Reliance Power, Sembcorp Utilities, and Shenzhen Energy Group. These firms bring experience in developing large-scale power infrastructure and represent a strong vote of confidence in Oman's energy sector. Key regional companies that have entered the race include Acwa Power Company, Nebras Power, Al Ghanim International, Etihad Water and Electricity Company (EtihadWE), and Al Jomaih Energy & Water Company—highlighting the strategic importance of these projects within the GCC. According to NPWPC, the combined scope of the projects includes the development of two combined cycle gas turbine (CCGT) power plants, with a total installed capacity of 2,400MW. Both plants will be developed under Oman's Independent Power Project (IPP) model, which promotes private sector participation through competitive procurement and long-term power purchase agreements. The Misfah IPP is expected to support the high energy demands of the capital region, while the Duqm IPP is aligned with the government's broader plan to transform the Duqm Special Economic Zone into a major industrial and logistical hub. With the submission phase completed, Nama will proceed with the evaluation and shortlisting of qualified bidders, moving toward the next phase of project development and eventual financial close.
Zawya
04-04-2025
- Business
- Zawya
Samsung, ACWA in race for 2,400MW Oman power project
Oman's Nama Power & Water Procurement Company has announced that it has received bids from 12 major utility project developers for two of its key projects - Misfah IPP within Muscat Governorate and Duqm IPP in Al Wusta area. Those who submitted the statement of qualifications (SOQS) for the project are: global players including Samsung C&T Corporation; Korea Western Power; Marubeni Corporation; Sumitomo; Reliance Power; Sembcorp Utilities and Shenzhen Energy Group, said Nama in a statement. The key regional players in the race are Acwa Power Company; Nebras Power; Al Ghanim International as well as Etihad Water and Electricity Company and Al Jomaih Energy & Water Company. According to Nama, two combined cycle gas turbines power plants with a total capacity of 2,400 MW will be developed as part of the project. The project will be developed in partnership with the private sector, it added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
01-03-2025
- Business
- Trade Arabia
Nesma JV to deliver King Salman International Airport package
Nesma & Partners, the leading contractor in Saudi Arabia, has signed an agreement with Samsung C&T Corporation Saudi Arabia and Al Ayuni Limak Contracting to form a fully integrated, unincorporated joint venture aimed at delivering key project packages for the transformative King Salman International Airport in Riyadh. As one of the kingdom's most ambitious infrastructure projects, the airport will set new benchmarks in modern architecture, sustainability, and global connectivity, reinforcing Saudi Arabia's presence on the international stage. On the project, Nesma & Partners said bringing together industry-leading expertise, the joint venture will leverage its industry-leading expertise in construction and engineering, combining it with Samsung C&T's global experience in large-scale infrastructure and Al-Ayuni Limak's extensive track record in both Saudi Arabian and international markets, specifically airports industry. This strategic partnership underscores the commitment of all three companies to bring in their collective expertise and resources to deliver cutting-edge infrastructure solutions for this landmark project, it stated. The MoU was signed by Samer Abdul Samad, President & CEO of Nesma & Partners; Sang Yong Lee, Vice President, Head of Infrastructure Business Development Team at Samsung C&T Corporation Saudi Arabia; Fatih Yurthan Cevik, CEO of Al-Ayuni Limak Contracting Company; and Hamad Al-Ayuni, Deputy CEO of Al-Ayuni Limak Contracting Company. On the new deal, Samad said this partnership was an important milestone in its commitment to supporting the broader goals of Vision 2030. "By combining the expertise of Nesma & Partners with the strengths of Samsung C&T and Al Ayuni Limak, we are focused on delivering a ground-breaking project that will position Riyadh as a global aviation hub, driving economic growth, attracting business investments, and strengthening the tourism sector," he stated. "Our role in this initiative reflects our dedication to excellence and innovation, ensuring that the King Salman International Airport becomes a cornerstone of the Kingdom's ambitious future," he added. According to Nesma, sustainability is central to this initiative, with the airport incorporating environmentally responsible practices that meet international standards, ensuring lasting efficiency and resilience.
