Saudi Arabia to re-tender two 3.6GW power projects
Saudi Power Purchasing Company (SPPC) has announced plans to re-tender two independent power projects in the kingdom – Taiba IPP and Qassim IPP – each with a 3.6GW capacity. According to SPPC, all the previous qualified developers will automatically be included for the new projects while other interested participants can submit their bids. The requests […]
Saudi: Al-Fadhli approves plan to increase agricultural production in greenhouses
Minister of Environment, Water and Agriculture Eng. Abdulrahman Bin Abdul Mohsen Al-Fadhli, who is also the chairman of the Board of Directors of the Agricultural Development Fund, has approved the expansion plan in the plant resources sector and greenhouses with new investment worth SR4 billion until 2025. This has been made in cooperation with the […]
SPIMACO obtains $239.44mln loans from SABB, Al Rajhi Bank
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) secured two loans worth SAR 900 million with Saudi British Bank (SABB) and Al Rajhi Bank on 28 December 2022. The two facilities are guaranteed by promissory notes with the total value of the loans in favour of the lenders, according to bourse disclosures. SABB SPIMACO inked […]
Saudi Arabia could become global minerals hub in clean energy race, says expert
Saudi Arabia could be playing a major global role in the supply of precious minerals needed to power the transition to green energy as part of the kingdom’s efforts to reach the net zero carbon emissions goal, said Payne Institute for Public Policy at the Colorado School for Mines in US ahead of the Future […]