Environment & Energy | Thursday 31 January, 2019 2:35 am

Saudi Arabia launches new phase of renewables plan

Saudi Arabia has launched the second phase of its Renewable Energy Program, which will comprise seven solar projects worth $1.5 billion. The combined generation capacity will be 1.51 gigawatts (GW), enough to power 226,500 households, according to a statement from the Renewable Energy Project...

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Environment & Energy | Wednesday 30 January, 2019 3:00 pm

Almar Water Solutions invest over $600m to supply over 1.8 million people in Saudi Arabia with desalinated water

Almar Water Solutions, part of Abdul Latif Jameel, has been awarded a contract to develop a desalination plant in the city of Shuqaiq, on the Red Sea coast of Saudi Arabia. Over $600m will be invested in the project, creating 700 jobs, in line with Saudi Arabia’s Vision 2030 and its...

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Tourism & Hospitality | Wednesday 30 January, 2019 1:30 pm

Rooms joins business & Hospi-tality in Jubail

The hotel will features flexible spaces to work, network and relax, making it the ideal destination for business traveler looking to stay connected, productive and balanced while traveling.  Alone with the courtyard by Marriott Jubail Majd square, the award-winning Majd Square project will...

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Business & Money | Wednesday 30 January, 2019 4:31 am

Saudi Exports launches finance initiative to boost business export capacity

The Saudi Export Development Authority (Saudi Exports) launched the Export Finance Enhancing Initiative under the Private Sector Stimulus Plan by signing agreements with the Saudi Industrial Development Fund and the International Islamic Trade Finance Corporation (ITFC) Non-oil exports are one...

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Business & Money | Wednesday 30 January, 2019 3:41 am

Aramco, TechnipFMC, Axens advance catalytic crude to chemicals technology

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, on Tuesday signed a Joint Development and Collaboration Agreement (JDCA) with Axens and TechnipFMC to accelerate the development and commercialization of the company’s Catalytic Crude to Chemicals (CC2C) technology....

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Business & Money | Wednesday 30 January, 2019 3:27 am

Saudi Arabia announces creation of Neom Company

Saudi Arabia has set up NEOM, the world’s future destination for dreamers and innovators, as a closed joint-stock company fully owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund. The change in the legal status of NEOM will allow the company to create 16 economic...

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Business & Money | Tuesday 29 January, 2019 4:01 pm

16th edition of the Saudi Plastics and Petrochemicals Exhibition successfully launched with more than 154 exhibitors

The 16th edition of theSaudi Plastics and Petrochemicals Exhibition was launched on 27 January 2019, at the Jeddah Center for forums and events, in the presence of his Highness Saud Bin Abdullah Bin Mansour Bin Jalwi, advisor to the Governor of Makkah Region, Undersecretary of Jeddah...

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Business & Money | Tuesday 29 January, 2019 3:16 pm

SAUDI EXPORTS launches the Export Finance Enhancing Initiative within the Private Sector Stimulus Plan

Non-oil exports are one of the fundamental pillars of vision 2030; this was demonstrated by the wise leadership’s Royal Decree of approving the Private Sector Stimulation Plan and allocating 5 billion SAR to the initiative of enhancing Saudi exports financing as a part of the capital of Saudi ...

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Business & Money | Tuesday 29 January, 2019 11:55 am

HVAC R Expo Saudi Officially Opens Doors in Riyadh

Eng. Mansour Al-Shathri, Vice Chairman of the Riyadh Chamber of Commerce and Industryhas officially inaugurated HVAC R Expo Saudi and co-located FM EXPO Saudi & Saudi Clean Expo at the Riyadh International Convention & Exhibition Centre (RICEC). Eng. Mansour Al-Shathri took a tour of the...

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Business & Money | Tuesday 29 January, 2019 3:29 am

Saudi Arabian government spending $27 billion on industry development in next two years

The Saudi Arabian government will spend $27 billion in 2019 and 2020 as part of its industrial development programme, Aabed Abdullah Al-Saadoun, Deputy Minister of Energy, Industry and Mineral Resources said on Monday. The programme is offering investment opportunities in mining, industry,...

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