16/03/2026 06:42 AST
Kuwait's Ministry of Electricity, Water and Renewable Energy has announced that it has received bids from only two entities - Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group - for the Al Subiya Power Generation and Water Distillation Station upgradation project work.
The scope of work includes upgradation of eight steam boilers at the key Kuwaiti facility in bid to boost its operational efficiency and reliability at one of the country's key power generation and desalination facilities.
As per the tender results, Heisco submitted a bid valued at KD200 million ($651 million), while Shanghai Electric Group Company emerged the lowest bidder with KD125.2 million ($408 million).
The Al Subiya facility is among Kuwait's major power and water production plants, supporting Kuwait's growing electricity and potable water demand.
The planned upgrades align with the government's ongoing efforts to modernize existing infrastructure and ensure sustainable energy and water supply across the country.
Trade Arabia
11/09/2026
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has received a Letter of Award (LoA) valued at KD111.05 million ($359 million) for the execution of CMEI Works and E
Trade Arabia
28/04/2026
A consortium of India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, and Heavy Engineering Industries and Shipbuilding Company (Heisco) has been awarded a major con
Trade Arabia
15/04/2026
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($508 million) from Kuwait Oil Company (KOC) for the construction o
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 7.12 | -0.14 (-1.93 |
| ADNOCLS | 6.71 | 0.21 (3.23 |
| MODON | 2.80 | 0.01 (0.35 |
| SALIK | 5.59 | 0.08 (1.45 |
| ADPORTS | 6.12 | 0.01 (0.16 |
12/11/2026
QNB Group, through its subsidiary QNB Syria, has signed a Memorandum of Understanding (MoU) with Paymera for Electronic Payment Services to explore opportunities to advance Syria's digital payment in
Gulf Times
12/11/2026
The Qatar Stock Exchange (QSE) will admit the shares of Dandy Company to trading on its Main Market on November 16 under the symbol DNDY in the Consumer Goods and Services sector.
Dandy beco
Gulf Times
12/11/2026
Qatar Insurance (QIC) has been named 'Motor Insurer of the Year 2026' at the '15th GAIP - InsureTek Golden Shield Excellence Awards'. The accolade recognises QIC's success in redefining motor insuran
Gulf Times
12/11/2026
KIPCO - Kuwait Projects Company (Holding) - announced total revenue from operations of KD 1.2 billion for the nine months ended September 30, 2026. This represents a 2 percent increase compared to th
Kuwait Times
12/11/2026
Oman Flour Mills Company has officially changed its corporate name to Atyab Group, marking a new phase in its business development as it continues to expand its activities and strengthen its position
Muscat Daily