SDAIA showcases digital transformation of ‘Nafath Application’
The Saudi Data and Artificial Intelligence Authority (SDAIA) has showcased the digital transformation journey in the Nafath application at the Gartner IT Symposium/Xpo 2023 in Barcelona, Spain. The Kingdom is participating in the event with ten government entities in order to showcase the leading success stories in digital transformation in the Kingdom. The Gartner IT […]
UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia
Abu Dhabi clean energy firm Masdar, also known as Abu Dhabi Future Energy Company, along with EDF Renewables and Nesma Company, has won a bid for the 1,100 megawatt (MW) Al Henakiyah solar power plant in Saudi Arabia. The Masdar-led consortium signed a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop, […]
TÜV Rheinland opens new regional headquarters in Riyadh
TÜV Rheinland, a global leader in independent technical services, has announced the opening of its new regional headquarters in Riyadh, Saudi Arabia. The inauguration took place at the Ritz-Carlton, Riyadh, and was attended by notable dignitaries, reaffirming the company’s dedication to the region. TÜV Rheinland’s ribbon-cutting ceremony was attended by Michael Kindsgrab, German Ambassador – […]
Taif Investment Forum ends on a successful note : nets $3bn deals
Leading Saudi, UK, Chinese and Korean companies have signed investment agreements worth over SAR11 billion ($3 billion) at the Taif Investment Forum which concluded today (November 8). The event, held in the southwestern city of Saudi Arabia, was attended by several high-ranking officials from Saudi government agencies and the private sector. The key agreements inked […]
Acwa Power aims to quench global thirst
Acwa Power is looking at how it can positively impact more people and how it can be even more green, Raad Al Saady, Vice Chairman and Managing Director of the world’s largest private water desalination company, tells Bina Goveas, Chief Editor of our sister publication Gulf Construction. The water technology sector is on the constant […]
Saudi FDI inflows hit SR122 billion in 2022, placing 10th among G20
The foreign direct investment (FDI) flows into Saudi Arabia amounted to SR122 billion ($33 billion) during the year 2022, and this places the Kingdom on the 10th rank among the G20 economies last year. This figure was almost double to the value of FDI inflows in 2015 that accounted for SR64 billion ($17 billion). These updated […]
Cabinet urges energy minister to hold talks with AOS on clean fuel solutions for food provision
The Cabinet, chaired by Custodian of the Two Holy Mosques King Salman Tuesday in Riyadh, approved a model of a memorandum of understanding between Saudi Arabia and the governments of countries and international organizations to cooperate in implementing the initiatives of the Oil Sustainability Program (OSP). It also authorized the minister of energy, chairman of […]