Saudi’s ACWA Power signs green hydrogen, green ammonia project deals in Uzbekistan
Saudi Arabia’s ACWA Power is set to develop Uzbekistan’s first green hydrogen facility and green ammonia project that will support ongoing decarbonisation efforts. The utility firm has just signed “extensive heads of terms agreements” with the Central Asian country’s Ministry of Energy and Uzkimyosanoat, a state-owned chemical company, to set up a green hydrogen facility […]
Saudi Fund for Development expands operations in the Caribbean countries
Saint John’s: The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a significant milestone, with Antigua and […]
Saudi Arabia is creating a global model for economic resilience and collaboration
The rapid economic transformation of Saudi Arabia and its global role in bringing near-term stability while driving long-term transformation was the subject of a high-level panel on the third day of the World Economic Forum at Davos. The session, titled “Saudi Arabia’s Transformation in a Changing Global Context”, featured four speakers from the Kingdom who […]