Global Infrastructure SherpaAsmo and Arcapita sign logistics facility deal
Asmo, the logistics joint venture of Saudi Aramco and DHL Supply Chain, has signed an agreement with Bahrain‑headquartered Arcapita Group Holdings to deliver a 1.4-million-square-metre (sq m) built-to-suit logistics complex at King Salman Energy Park (Spark). The project will feature solar (photovoltaic) readiness, EV charging infrastructure and a target of LEED Gold certification.
Deal Analysis
- Large-scale logistics complex (1.4 million sq m) indicates significant investment and expansion in the sector.
- Involvement of Saudi Aramco and DHL Supply Chain through their joint venture, Asmo, lends credibility and strategic importance.
- Focus on sustainability with solar readiness, EV charging, and LEED Gold target aligns with global trends and Saudi Arabia's Vision 2030.
- Arcapita's role as funder demonstrates investor confidence in the project and the Saudi logistics market.
Source Intelligence
Oman receives 200MW wind IPP bids
"Oman’s Nama Power & Water Procurement Company (Nama PWP) has received two bids for the contracts to develop and operate two wind farm projects in the sultanate."
"MEED understands that the companies that submitted proposals for the contract include Singapore’s Sembcorp"
"MEED understands that the companies that submitted proposals for the contract include Singapore’s Sembcorp and a team led by France’s EDF Renewables."
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia) Elecnor (Spain)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia) Elecnor (Spain) Goldwind (China)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia) Elecnor (Spain) Goldwind (China) GED / Marafiq (Saudi Arabia)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia) Elecnor (Spain) Goldwind (China) GED / Marafiq (Saudi Arabia) Hero Asia Investment (Hong Kong)"
"In addition to Sembcorp and EDF, the prequalified bidders included: Acwa Power (Saudi Arabia) Sumitomo (Japan) TotalEnergies (France) Masdar (UAE) Alfanar (Saudi Arabia) Elecnor (Spain) Goldwind (China) GED / Marafiq (Saudi Arabia) Hero Asia Investment (Hong Kong) Itochu (Japan)"
"Nama PWP appointed KPMG Lower Gulf as the financial adviser"
"Nama PWP appointed KPMG Lower Gulf as the financial adviser, UK/US-headquartered Dentons as the legal adviser"
"Nama PWP appointed KPMG Lower Gulf as the financial adviser, UK/US-headquartered Dentons as the legal adviser and Australia’s Worley as the technical adviser for the wind IPPs."