ACWA Power secures $150m deal to finance wind power plants in Uzbekistan
Saudi utility giant ACWA Power has signed a letter of intent with the Asian Infrastructure Investment Bank to provide $150 million for three wind power plants in Uzbekistan. According to a press statement, the financing covers the Kongrad 1, 2, and 3 facilities, each with a capacity of 500 megawatts. The Tadawul-listed firm added that […]
Saudi Arabia leads Arab region in green building projects with 2k registrations
Saudi Arabia has made significant strides in sustainable construction, registering 2,000 of the 5,000 green building projects across the Arab world, according to a top official. Speaking at the opening of the 14th annual Saudi Green Building Forum, held in Riyadh from Oct. 6-8, Minister of Municipalities and Housing Majed Al-Hogail highlighted the Kingdom’s numerous […]
SRC inks MoU with Damanat to guarantee residential mortgage portfolios
The Saudi Real Estate Refinance Company (SRC), a PIF company, has inked a Memorandum of Understanding (MoU) with the Saudi Mortgage Guarantees Services Company, ‘Damanat’. The partnership aims to guarantee the residential mortgage portfolios owned by SRC as well as the portfolios being acquired, thereby helping to reduce financing barriers and boosting the number of […]