Projects and Investments
Projects are chosen by First Energy Bank (FEB) that encompass all facets of energy investment and production. FEB focuses on projects that will both enhance the sector and offer to our investors the greatest opportunities for success and prosperity. The core of FEB’s business is within the Middle East and North Africa (MENA) region, and […]
Saudi Polysilicon
Saudi Polysilicon is a world class polysilicon production facility. The first of its kind and scale in the region, it will be located in the Kingdom of Saudi Arabia, and will cover a total area of 375,000 square meters in Al Jubail Industrial City2.
The project is spearheaded by the strategic partner, First Energy […]
Menadrill
Launched in July 2008, MENAdrill is an offshore drilling and services company and one of FEB’s first initiatives.
MENAdrill will focus on providing contract drilling services for offshore exploration and development in the Middle East, North Africa and Southeast Asia.
MENAdrill aims to become one of the key drilling companies based in the region, allowing it to […]
Al Dur
During 2009, FEB successfully completed a 9% stake acquisition in the Al Dur Independent Water and Power Project (IWPP), the largest of its kind in the Kingdom of Bahrain. This is part of FEB strategy of building up a book of top quality energy related infrastructure assets.
The Al Dur project is located on the […]
ADWOC
FEB has acquired a 40% stake in the Arab Drilling and Workover Company (ADWOC), one of the leading oil and gas onshore contract drilling and workover companies based out of Libya. Established in 1980, ADWOC has been providing its drilling and workover services across the Arab World. The ADWOC acquisition fits well […]