{"id":106059,"date":"2026-02-25T00:00:00","date_gmt":"2026-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/25\/saipems-aramco-contract-asmos-logistics-hub-isdb-financing-and-riyadh-airs-cairo-route\/"},"modified":"2026-02-25T00:00:00","modified_gmt":"2026-02-25T00:00:00","slug":"saipems-aramco-contract-asmos-logistics-hub-isdb-financing-and-riyadh-airs-cairo-route","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/25\/saipems-aramco-contract-asmos-logistics-hub-isdb-financing-and-riyadh-airs-cairo-route\/","title":{"rendered":"Saipem\u2019s Aramco contract, Asmo\u2019s logistics hub, IsDB financing, and Riyadh Air\u2019s Cairo route"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Aramco awards Saipem USD 500 mn Safaniya project<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco taps Saipem again for offshore EPCI: <\/strong>Italian contractor Saipem landed a <a target=\"_blank\" href=\"https:\/\/www.saipem.com\/en\/media\/press-releases\/2026-02-23\/saipem-awarded-new-offshore-contract-saudi-arabia-worth\" style=\"\">USD 500 mn offshore award<\/a> in Saudi Arabia under its existing long-term agreement with Saudi Aramco. The work targets the Safaniya offshore oil field and covers full engineering, procurement, construction, and installation (EPCI) for a 48-inch trunkline stretching some 65 km offshore and 12 km onshore, plus associated subsea facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t a one-off:<\/strong> Saipem has been embedded in Saudi Arabia\u2019s offshore buildout for years under a <a target=\"_blank\" href=\"https:\/\/www.saipem.com\/en\/media\/press-releases\/2025-04-17\/saipem-renews-framework-agreement-saudi-aramco-offshore-activities\" style=\"\">long-term agreement<\/a> with Aramco stretching through 2027, which keeps it on the shortlist for EPC work. In 2024, the contractor was awarded some <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/07\/16\/saipem-lands-contracts-from-aramco-worth-usd-500-for-two-offshore-projects\/\" style=\"\">USD 500 mn<\/a> in offshore jobs across the Abu Safa, Berri, and Manifa oil fields, followed by roughly <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/05\/tabby-targets-2025-2026-window-for-saudi-ipo\/\" style=\"\">USD 1 bn<\/a> covering the Marjan, Zuluf, and Safaniyah fields, and another <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/19\/aramco-awards-saipem-another-usd-2-bn-epc-contract\/\" style=\"\">USD 2 bn<\/a> for Marjan alone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Asmo kicks off first logistics hub at Spark with Arcapita<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asmo <\/strong><strong>and Arcapita to develop 1.4 mn sqm logistics hub at Spark:<\/strong> Advanced Supply Management Operations (Asmo) \u2014 a JV between Saudi Aramco and DHL Supply Chain \u2014 partnered with <a target=\"_blank\" href=\"https:\/\/www.arcapita.com\/\" style=\"\">Arcapita Group Holdings<\/a> to develop a 1.4 mn sqm logistics facility at King Salman Energy Park (Spark) via a forward funding agreement, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/asmo-partners-with-arcapita-to-develop-a-14mln-sqm-logistics-facility-at-spark-miait2c4\" style=\"\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Arcapita will fund and own the asset, while Asmo will develop, lease, and operate it under a 22-year occupational lease. The project includes a 43k sqm temperature-controlled Grade-A warehouse, more than 3k sqm of offices, 5.3k sqm of chemical storage, and a 1.2 mn sqm open yard. The project marks Asmo\u2019s first purpose-built hub \u2014 and one of four planned \u2014 serving Aramco, its affiliates, and other industrial players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IsDB backs regional infrastructure with USD 2.4 bn financing<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Islamic Development Bank (IsDB) greenlit a USD 2.4 bn multi-country <\/strong><strong>financing package<\/strong> covering energy, transport, and industrial expansion, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2521401\" style=\"\">SPA<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The package includes <\/strong>USD 1.3 bn for Kazakhstan\u2019s economic and industrial zones, USD 436.7 mn for Azerbaijani irrigation and agricultural productivity improvements, USD 330.1 mn for Bahrain\u2019s industrial land and infrastructure expansion, USD 160 mn for Jordan\u2019s water supply and urban development, EUR 116 mn for Senegal\u2019s Dakar Expressway, and USD 40 mn for Tajikistan\u2019s CASA-1000 electricity project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than an aid package: <\/strong>This capital deployment is targeting the plumbing of trade in the region by supporting industrial zones in Bahrain and Kazakhstan while addressing more existential risks like water availability in Jordan and irrigation in Azerbaijan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Riyadh Air is flying to Cairo<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>N<\/strong><strong>ew national airline <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/\" style=\"\">Riyadh Air<\/a><\/strong><strong> is adding Cairo to its network<\/strong>, offering daily flights from Riyadh to the Egyptian capital on its new Boeing 787-9 Dreamliner, the airline said in a <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/en\/media-hub\/riyadh-air-daily-service-to-cairo\" style=\"\">press release<\/a>. The route, one of the world\u2019s busiest with 2.7 mn passengers last year, is part of the airline\u2019s initial expansion plan following the completion of its operational readiness phase. The announcement comes ahead of the delivery of the airline\u2019s first aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Riyadh Air is entering a high-traffic Riyadh-Cairo corridor already dominated by lower-cost and established operators, including flynas, flyadeal, Saudia, and EgyptAir. Its premium positioning will have to fight for yield in a price-sensitive market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come: <\/strong>The luxury carrier also plans to launch services to London and Dubai. To support this expansion, the airline introduced the Sfeer loyalty program for travelers, and it aims to expand its network to over 100 destinations by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asmo and Arcapita will develop a 1.4 mn sqm logistics hub at Spark<\/p>\n","protected":false},"author":1,"featured_media":106060,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,3554,3274,10,3527,2387,523],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arcapita","tag-asmo","tag-enterpriseam-ksa","tag-islamic-development-bank-isdb","tag-saipem","tag-saudi-aramco","wpautop","entry"],"acf":{"mongo_id":"8680f4a0-c4fd-44e0-9cc4-715a2d62eb12","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1470.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saipem\u2019s Aramco contract, Asmo\u2019s logistics hub, IsDB financing, and Riyadh Air\u2019s Cairo route","related_issue":[106044],"teaser":"Asmo and Arcapita will develop a 1.4 mn sqm logistics hub at Spark"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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