Saipem’s $1.8B Offshore Wave: Engineering the Middle East’s Next Big Leap

A Major Offshore Win

Saipem has been awarded an offshore EPCI contract in the Middle East, valued at approximately 1.8 billion USD. This major deal highlights the company’s growing role in developing the region’s offshore energy infrastructure.

Moreover, Saipem’s scope encompasses the Engineering, Procurement, Construction and Installation (EPCI) of offshore and subsea facilities. Consequently, the project brings together its expertise across the full project lifecycle.

Built for Offshore Success

The project will leverage Saipem’s proven regional track record in delivering pipeline and offshore infrastructure. In addition, its regional vessels and advanced engineering capabilities will support efficient project execution.

Ultimately, this contract strengthens Saipem’s regional presence while demonstrating how experience, technology, and specialized resources can drive ambitious offshore developments forward.

Wison’s $4.04B Middle East Energy Breakthrough

A Landmark Contract

Wison Engineering has secured a US$3.9 billion EPC contract from ADNOC Gas for RGD Phase 2 in Habshan, plus a 220KV switch station. Together, the award reaches approximately US$4.04 billion, marking Wison’s largest EPC contract ever.

Moreover, the project highlights Wison’s growing Middle East presence and trusted engineering expertise. It also strengthens its ability to deliver complex energy infrastructure for major international clients.

Powering Future Growth

Located in Abu Dhabi, the project includes pipelines, separation units, condensate stabilization, acid gas removal, and deep NGL recovery facilities. Consequently, it will expand natural gas processing capacity and support the UAE’s downstream industries.

Meanwhile, Wison will combine local operations with global supply-chain strength. Ultimately, this landmark project reinforces its position as a leading energy engineering provider and supports ADNOC Gas’ 2030 growth ambitions.

Coinbase’s Abu Dhabi Leap: Banking Goes Onchain

A New Financial Frontier

ABU DHABI, UAE — Coinbase has received a Financial Services Permission (FSP) from the FSRA to establish its international tokenization hub in ADGM, Abu Dhabi’s international financial centre.

This milestone clears Coinbase to arrange investment deals and provide custody for tokenized securities. Moreover, these assets remain fully backed by underlying shares under FSRA supervision, giving token holders shareholder rights, including dividends and voting.

Opening Capital Markets

Importantly, investors can participate with a wallet instead of a brokerage account or correspondent banking relationship. Meanwhile, ongoing sanctions screening helps protect regulatory integrity while supporting blockchain innovation.

Coinbase says the UAE can become home to the next generation of financial infrastructure. Consequently, its Abu Dhabi and Dubai investments position the company to expand tokenized securities, onchain capital markets, and derivatives globally.