Saudi Arabia’s energy and infrastructure sectors continue to thrive with the announcement of several significant contracts and projects in late 2024. Key players like Baker Hughes, L&T, WABAG, ThyssenKrupp, and the Public Investment Fund (PIF) have secured contracts that reinforce the Kingdom’s commitment to expanding its industrial capabilities and infrastructure.

Key Contracts and Projects Overview

Company	Contract Details	Location	Value/Phase
Baker Hughes	Six gas compression trains and six propane compressors for Aramco’s Jafurah gas field (Phase 3)	Jafurah Gas Field, Saudi Arabia	Awarded by Tecnicas Reunidas, booked Q4 2024
L&T	Secured a significant contract in the Middle East (details unspecified)	Middle East	N/A
WABAG	Awarded contract for water projects	Bahrain	USD 14 million
ThyssenKrupp	Expansion of a chlor-alkali plant	Jubail, Saudi Arabia	N/A
Public Investment Fund (PIF)	Investment agreements with Royal Commission for Yanbu related to construction projects	Yanbu, Saudi Arabia	N/A

Baker Hughes Contract Details
Baker Hughes has been awarded contracts for six gas compression trains and six propane compressors as part of the third expansion phase of Aramco’s Jafurah gas field. This order, booked in Q4 2024 and awarded by Tecnicas Reunidas, highlights Baker Hughes’ advanced electric motor-driven compression solutions developed at their Damman Center in Saudi Arabia. This contract further strengthens Baker Hughes’ longstanding partnership with Aramco in the gas sector.

L&T and WABAG Developments
While specific details about L&T’s newly secured contract remain undisclosed, it signifies the company’s continued expansion in the Middle East. Meanwhile, WABAG secured a USD 14 million contract in Bahrain focused on water infrastructure, underscoring the region’s commitment to sustainable water management.

ThyssenKrupp’s Petrochemical Expansion
ThyssenKrupp signed a contract for the expansion of a chlor-alkali plant in Jubail, an important development in Saudi Arabia’s petrochemical sector. This expansion is expected to boost the production capacity and meet the growing industrial demand.

PIF’s Strategic Investments
The Public Investment Fund (PIF) has entered into investment agreements with the Royal Commission for Yanbu, focusing on construction projects that align with Saudi Arabia’s Vision 2030 goals. These projects aim to enhance the infrastructure and urban development in Yanbu, reinforcing PIF’s role in the Kingdom’s economic diversification.

These contracts reflect Saudi Arabia’s robust efforts to bolster its energy and infrastructure sectors, driving forward its strategic vision for growth and sustainability.