Saudi Arabia, September 19, 2018: According to ICAEW’s latest Economic Insight report, the outlook for the Saudi economy remains strongly tied to the developments in international oil markets. Rising oil prices this year and potential supply disruptions from Libya, Venezuela and Iran, have improved the economic prospects for the Saudi economy, given the Kingdom’s role as a major oil producer with substantial spare production capacity. Despite the positive outlook, the accountancy and finance body says certain challenges to the Saudi economy remain.
Economic Insight: Middle East Q3 2018, produced by Oxford Economics, says the Saudi economy is expected to rebound to 2.1% growth this year against a backdrop of rising oil production, higher public spending, steady progress of economic and social reforms and ......read more
UL, through Gulf Renewables Lab, delivers its first solar power technology training and certification course in Dammam, KSA
Five-day session guides in the safe installation and maintenance of photovoltaic (PV) panels and systems.
Extensive training course created to help provide the highly-skilled and qualified workforce essential for MENA countries to develop their renewable energy industries.
Dubai, UAE, 23 May, 2018: Gulf Renewables Lab (GRL), a UL-GCC joint venture, is leading the drive towards a greener future for the region with the launch of its first solar panel installation program in Saudi Arabia. The firm recently completed its first five-day training session at GRL in Dammam, KSA in cooperation with Saudi Arabia’s National Power Academy.
Candidates received hands-on training ......read more
Saudi Arabia, April 5, 2018: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a EUR 68 million Syndicated Murabaha agreement with the Government of Republic Cameroon.
The Facility will be used for the purchase of crude oil and the sale thereof to the republic of Cameroon through the national refinery company (SONARA), state-owned enterprise.
The agreement was signed by Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and Minister of the Economy Planning and Regional Development – Alamine Ousmane Mey, which took place in Tunisia during the 43rd Meeting of the Board of Governors of the IsDB.
Speaking at the signing ceremony held in Tunisia, Eng. Hani Salem Sonbol, ITFC CEO, stated: “In line ......read more
3 new stations to open in Dubai
3 major station extensions in Abu Dhabi
Abu Dhabi, UAE – January 24, 2017: ADNOC Distribution, the UAE’s leading fuels and convenience retailer, has announced plans to open at least 13 new service stations in 2018 including, for the first time, sites in Dubai and the Kingdom of Saudi Arabia.
Three new service stations are planned for strategic locations across the Emirate of Dubai, nine new stations will open in the Emirates of Abu Dhabi, Ajman and Fujairah and at least one site will open in the Kingdom of Saudi Arabia (KSA), under a franchise agreement. In addition, major extensions will be completed at three existing stations in Abu Dhabi in 2018.
ADNOC Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, commented: “Improving service, ......read more
Saudi Arabia, January 16, 2018: HVACR Expo Saudi (14-16 January 2018 at the Jeddah Centre for Forums & Events) has hosted the first ever EU – Saudi Arabia Energy Efficiency Meeting, and seen the successful product launch of Samsung’s 68% energy saving cooling system.
The topic of HVACR has been heating up in Saudi Arabia since the outset of 2018 due to a combination of increasing power/fuel tariffs, growing public awareness, and a strengthened sense of responsibility that is sweeping the globe. Facing a new paradigm in their industry, thousands of HVACR professionals have already visited the Jeddah Centre for Forums & Events over the first two days of Saudi’s largest dedicated indoor climate and refrigeration event, HVACR Expo Saudi.
Having played host to the successful launch of the ......read more
Riyadh, Saudi Arabia, January 2, 2018: Schneider Electric and the National Grid Saudi Arabia (SA) renewed the 3-year long Memorandum of Understanding (MoU) signed 3 years ago to continue to provide the National Grid Saudi Arabia with reliable and cost-effective electricity in Saudi Arabia, through which National Grid SA and Schneider Electric will cooperate in developing and advancing electricity infrastructure in the country.
The MoU renewal, inked between Mr. Najib AlNaeem, Country President of Schneider Electric and Eng. Waleed Al-Saadi, VP Engineering of National Grid SA, facilitates the two organizations to exchange knowledge, experiences, best practices and technology through conducting periodic technical forums hosted interchangeably at their premises.
The companies will also extend their collaboration as ......read more
Dubai, UAE, January 2, 2018: An “EU - Saudi Arabia Energy Efficiency Meeting” taking place in conjunction with HVACR Expo Saudi (14-16 January 2018, Jeddah Centre for Forums & Events) will gather key decision makers and experts from both the European Union and Saudi Arabia.
A high level “EU - Saudi Arabia Energy Efficiency Meeting” is taking place in Jeddah on January 14, 2018, under the initiative of the EU GCC Clean Energy Technology Network and the European Union Delegation to Saudi Arabia, with the participation of SASO (the Saudi Standards, Metrology and Quality Organization) and other Saudi entities. The event, organized in partnership with dmg events Middle East, Asia & Africa and Eurovent ME, is held in conjunction with HVACR Expo Saudi 2018 at the Jeddah Centre for Forums & ......read more
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources delivers inaugural address, urges industry-wide transformation and value creation
Dubai, United Arab Emirates, 28 November 2017 – The inaugural address at the 12th Annual GPCA Forum was delivered by H.E. Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Saudi Arabia, who called for the industry to embrace rapid changes within the global energy landscape as an opportunity.
The Forum is taking place between 27-29 November 2017 at Madinat Jumeirah, Dubai, under the theme ‘the chemical industry in transformation: a new journey begins’. Introducing the Forum was Yousef Al-Benyan, Vice Chairman and CEO, SABIC and Chairman, GPCA, who delivered the opening welcome address. His Excellency Suhail Al Mazrouei, ......read more
PROVEN SAUDI ARABIA Announces Their Expansion Into the Saudi Oil Region of Khobar due to an increase in business demand
PROVEN SA announces expansion into Khobar
PROVEN SA announces Q1 positive growth reported in the GCCs Oil and Gas sector
PROVEN to host a networking event exclusively for Oil and Gas professionals at OFG (Oilfield Get Together) the popular monthly Oilfield networking event on Thursday, 25th May at Ruth’s Chris Steakhouse
KSA, May 16: 2017: PROVEN SAUDI ARABIA, the leading business support services provider for the Kingdom announces their expansion into Al Khobar. Located in the Eastern Province of Saudi Arabia, Al Khobar is where the majority of Saudi Arabia's oil production takes place. The expansion reflects that the Saudi Arabia oilfield industry is anything but dried ......read more
Khobar, KSA, May 9, 2017: Air Liquide Arabia (ALAR) announced today the startup of the Middle East’s first hydrogen pipeline network in the industrial city of Jubail, on the east coast of Saudi Arabia. Designed to transport large volumes of hydrogen to customers in both Jubail I and Jubail II, the network contributes to the development of the downstream industry, the optimization of natural resources and the increase of energy savings within the Kingdom.
With a total length of over 21 km, the ALAR hydrogen pipeline provides large organizations, as well as small and medium enterprises in industries such as refining, petrochemicals, polysilicon, glass and steel, with a cost-effective and reliable alternative to existing supply solutions, contributing to enhance their industrial competitiveness, while increasing the ......read more
Abu Dhabi – UAE April 29th, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah to process a potential increased output of Arabian Light crude from the Berri Field on the east coast of Saudi Arabia.
SNC-Lavalin’s scope of work includes front end engineering design for a new 250 MBCD (thousand barrels of oil per calendar day) gas oil separation plant at the existing Abu Ali Gas Plant, as well as additional facilities at the Khursaniyah Gas Plant that will process 40 MBD (million barrels per day) of hydrocarbon condensate, all associated with the Berri Crude Increment.
Under the contract, ......read more
19 April 2017, Kuala Lumpur – With OPEC due to decide at the end of May whether to prolong production cuts, the organisers of the 19th Asia Oil & Gas Conference (AOGC 2017) are delighted to confirm the attendance of H.E. Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia.
Minister Al-Falih will deliver the state of the industry address on the opening morning of the conference, which will take place in Kuala Lumpur from 7 - 9 May 2017.
As the world’s largest exporter of crude, and a leading member of OPEC, the Kingdom of Saudi Arabia plays a pivotal role in the global oil and gas industry. AOGC 2017 will be the place for attendees to listen to the Minister’s insights into OPEC’s production strategy, rebalancing of global supply and demand, the rise ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Dubai, UAE, January 31, 2017: ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.
Located in the east of Saudi Arabia, 50 kilometers northwest of Jubail Industrial City, the Fadhili project is a combined cycled gas power plant with a capacity of 1,507 MW. It will produce the equivalent of the electricity consumption of 1.4 million people. It will also produce 1,447 tons per hour of steam and 768.8 tons per hour of feed water.
Saudi Electricity Company (SEC) will be the off-taker for electricity and Saudi Aramco for the steam and feed water under 20-year Purchase Agreements. ENGIE will have a 40% equity ownership in the project company, SEC will hold 30% and Saudi Aramco Power ......read more
Fisch Asset Management: Energy sector faces challenges but reasons for optimism in Saudi Arabia
Despite World Future Energy Summit focus on Saudi diversification, oil revenues remain at heart of economic growth
Proposed IPO of Saudi Aramco could see leverage up to a maximum of 2.5x and qualify for a rating in line with the sovereign
I-CV issues independent ratings of A for UAE’s IPIC and BBB+ for TAQA
Fisch sees strong pipeline for GCC debt issuance in 2017
Dubai, UAE, January 22, 2017: Fisch Asset Management, one of the leading credit specialists, has said that despite challenges in the energy sector there is reason for optimism among investors in Saudi Arabia. The budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues. However, while ......read more
With Net Profit Reaching SAR 159 Million; a 41.8% Increase Compared to the Same Period Last Year:
Riyadh, December 17, 2016
Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification.
“The new 2 SAR million solar power project at our Riyadh Regional Distribution Centre (RDC) is utilizing a photovoltaic (PV)-diesel hybrid system that can deliver up to 40 percent of the facility’s daytime energy requirements,” said Wout Matthijs, CEO of SADAFCO during a media tour at the RDC in Riyadh.
“We are excited that the Riyadh RDC Solar Project is operational as it is a huge step towards becoming more sustainable,” ......read more
Smart Grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the MENA region
The utilities sector and the society stands to greatly benefit from wider adoption of smart grid technologies in the future
Developed countries are already leveraging smart grids to fulfill key priorities relating to energy efficiency and reliability
Jeddah, December 8, 2016: The utilities sector has historically under-invested in information technology (IT), but an increasing number of utility companies in the MENA region are waking up to the benefits of smart technology – particularly smart grids, a Booz Allen Hamilton report has found.
In Saudi Arabia, improving operational efficiency and customer service whilst contributing to the development of smart cities, is the central ......read more
Leading global engineering software provider organized one-day conference series in Middle East
Dubai, United Arab Emirates, November 10, 2016: Intergraph® Process, Power & Marine (PP&M), part of Hexagon and the world’s leading global provider of enterprise engineering software to the process, power and marine industries, organized its Middle East Users Conference in Al-Khobar, Saudi Arabia, on November 1, and in Abu Dhabi, United Arab Emirates, on November 3.
As low oil prices continue to affect the global petroleum, petrochemical, process, power and marine industries, this year’s Intergraph PP&M Middle East Road Show focused on cost-effectiveness and how to lengthen the lifecycle of existing assets. The conference featured discussions and shared best practices on how owner operators can ......read more
Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, Dubai Mall, UAE.
The prestigious award recognized the outstanding performance of Halul Offshorein ensuring the health and safety of its employees and partners in addition to protecting its assets and the environment.
Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, Halul Offshore’s parent company, said: “The 2nd Offshore Achievement Awards 2016 is a leading platform for the Jack Up Rig & Liftboat industry, ......read more
PV power plant accounts for approximately 1% of Jordan’s total power generation capacity
TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.
The plant is owned by a consortium of investors consisting of Diamond Generating Europe Ltd., Nebras Power Q.S.C. and the Kawar Group. First Solar significantly contributed to the development of the project before divesting its stake and being appointed the Engineering, Procurement and Construction (EPC) contractor. Shams Ma’an has a 20-year Power Purchase Agreement (PPA) with the National Electric Power Company (NEPCO), the country’s power generation and distribution authority.
“First ......read more
The UAE-based company aims for KSA to make up 50 per cent of its total revenue following an exclusive agreement with the Saudi Technology Development and Investment Company subsidiary
Dubai, UAE, July 19, 2016: UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ENERGY(TE), a subsidiary of the Saudi Technology Development and Investment Company as part of its Saudi Arabia growth strategy; ‘Saudi 50’.
The exclusive agreement between the two entities marks a joint initiative to pitch for new business projects in the fields of District Cooling and renewable energy throughout the Kingdom of Saudi Arabia. DC Pro Engineering’s technical experience will be complemented by TE’s ......read more
Deloitte: OPEC’s oil market share to fall by 5% by 2018
Deloitte: New global patterns could threaten OPEC’s position on global markets
5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s latest Oil and Gas Reality Check 2015 report.
The report outlines six of the major issues currently impacting the oil and gas industry (and the upstream market in particular). These issues include an anticipated shift in supply-demand fundamentals, the emergence of new trading patterns, consideration of OPEC’s role in the market, falling LNG prices, the long-term costs of complex projects and evolving dynamics between integrated oil companies ......read more
Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout the United Kingdom.
Since its launch, London Array has produced more than 5-terawatt hours of affordable, renewable electricity, while mitigating more than 2 million tons of CO2 emissions.
“As the largest operating offshore wind farm, the London Array has helped lead the way for the global renewable energy sector,” said Dr Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy and clean-technology company. “London ......read more
Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service.
Thanks to its booming economy and fast-growing population, Turkey has really accelerated its nationwide infrastructure programme in recent years. For active projects worth more than $100m, the largest individual sector is transport, with $135bn worth of projects either planned or under construction, mainly in the form of new roads, railways and airports.
It is closely followed by the power sector, which has $125bn worth of projects planned or under construction, including nuclear, solar and wind power ......read more
SmartPlant® Enterprise solutions selected for integrated data and optimal plant operation and maintenance
Dubai, United Arab Emirates, June 15, 2015 – Yanbu Aramco Sinopec Refinery Company Ltd. (YASREF) has recently chosen Intergraph® SmartPlant® Enterprise solutions to optimize the operation and maintenance of its full-conversion refinery. The project is a significant undertaking and involves the construction and operation of a 400,000-barrel per day (bpd) integrated petroleum refinery in Saudi Arabia.
YASREF initially used several solutions from the SmartPlant suite, including SmartPlant Instrumentation, SmartPlant P&ID and PDS®. YASREF later implemented the Engineering Document Management System (EDMS) based on SmartPlant Foundation to achieve complete integration. YASREF has achieved fully integrated ......read more
Riyadh – May 27, 2014: Under The Patronage of H.E. The Minister of Water & Electricity, Eng. Abdullah Bin Abdulrahman Al Hussayen, H.E. Dr. Saleh Bin Hussein Al Awaji, Deputy Minister For Electricity, yesterday (May 26, 2014) opened Saudi Energy 2014 – The International Trade Exhibition for Electricity, Power Generation, Alternative Energy, Water Technology and Lighting, at the ......read more
Riyadh – May 22, 2014: Saudi Energy 2014 – The International Trade Exhibition for Electricity, Power Generation, Alternative Energy, Water Technology and Lighting, is set to open next Monday, May 26, 2014, at the Riyadh International Convention and Exhibition Center (RIEC) hosting 314 exhibitors from 28 countries including a number of national pavilions. Held under the patronage of ......read more
Riyadh – May 14, 2014: The demand for energy is at an all time high in the Kingdom of Saudi Arabia (KSA), as it experiences a rise in all forms of lighting - including lighting setups for factories, energy plants and airports, emergency lighting systems for office and residences and other innovative lighting solutions like the ones used in economic cities and universities. The Saudi ......read more
Riyadh – May 05, 2014: The population of Saudi Arabia is growing at the rate of over 2.5 per cent, while the demand for water is increasing by more than 8.8 per cent annually. This has lead the Saudi government to make significant investment in the water desalination industry, which has experienced an annual growth rate of six per cent – the highest in the world. Furthermore, the ......read more
All Company Sites in Country Gear up to Secure Energy Management Accreditation
Riyadh-Saudi Arabia, 26 February, 2014 – Schneider Electric has become the first company in Saudi Arabia to be awarded the prestigious ISO50001:2011 certification with accreditation, marking a double conformity for its processes in energy management system (EnMS).
ISO 50001:2011 supports organisations in ......read more
520 exhibitors from 27 countries at Saudi Plast & Petrochem 2014 and Saudi Print & Pack kicks 2014
Riyadh – February 11, 2014: Saudi Plastics & Petrochem - the 11th International Plastics and Petrochem Exhibition and Plast & Pack – the 11th International Printing and Packaging Technologies, the largest plastics, petrochemical, printing, and packaging trade fairs in ......read more
Following the recent turnkey metro project in Riyadh and the supply of steam turbine generators for Shuqaiq power plant, the Group continues to expand its presence in the Kingdom of Saudi Arabia by producing and installing major equipment for the Saudi power grid, through its sustained relationship with Saudi Electricity Company (SEC), Saudi Arabia's electricity utility.
Between July and ......read more
• Energy University Offers Over 150 Online Courses
• Delivers 10 Courses in Arabic with 15 More to be Rolled-Out by End-2013
Riyadh–Saudi Arabia: 15 September, 2013 – Schneider Electric, the global specialist in energy management, picked its first Energy University Hero in Saudi Arabia, through a nationwide competition that attracted over 680 students and ......read more
Jeddah-Saudi Arabia: 09 September, 2013 – Schneider Electric, the global specialist in energy management, is set to display its established expertise in Data Center Infrastructure Management (DCIM) at the upcoming IDC Saudi Arabia CIO Summit 2013.
Organized under the patronage of the Ministry of Communications and Information Technology, Saudi Arabia, the event will run from 17 - 18 ......read more
Assessment Report Calls for Clear Policy and Legal Framework in GCC Region to Ensure Sustainable Deployment of Renewable Energy Projects
Abu Dhabi-UAE: 25 July, 2013 – Clear policy and legal framework with a consistent strategy will ensure sustainable deployment of the renewable energy projects across the GCC region, according to a GCC-wide study that was released today.
Titled ......read more
Riyadh – May 29, 2013: Saudi Energy 2013 – The 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, Lighting & HVAC, today concluded its four-day run at the Riyadh International Convention and Exhibition Centre. Held under the patronage of H.E. the Minister of Water & Electricity, Eng. Abdullah Bin Abdulrahman Al Hussayen, ......read more
Riyadh – May 27, 2013: Under the patronage of H.E. the Minister of Water & Electricity, Eng. Abdullah Bin Abdulrahman Al Hussayen, H.E. the Deputy Minister for Electricity, Dr. Saleh Bin Hussein Al Awaji yesterday (Sunday, May 26, 2013) inaugurated Saudi Energy 2013 – The 16th International Trade Exhibition for Electricity Power Generation, Alternative Energy, Water Technology, ......read more
Riyadh – February 26, 2013: The Kingdom of Saudi Arabia is fast becoming a leading investor in alternative energy with the KSA Government announcing various solar energy projects that are aimed to ensure sustainable long-term supply of energy across the Kingdom. The Saudi Government has already announced plans to invest SAR 408.75 billion to produce an additional 41 GW of solar energy by ......read more
• 5000 MVA capacity
• Design, engineering and manufacturing for Mobile Sub-stations and Power Transformers up to 145 KV
• Fully operational service operations
MUMBAI, India - February 13th 2013 -- (BUSINESS WIRE / ME NewsWire)-- SPTC, a joint venture between CG and STC (Saudi Transformer Company) since 2010, is inaugurating its flagship Power Transformer factory in Dammam ......read more
January 31, 2013: Saudi Arabia's energy sector has been experiencing rapid growth due to burgeoning demand, economic expansion, and solid investment flows. A 13 per cent average electricity generation growth rate is needed by 2015 to meet demand; investments in electricity projects to address supply requirements have already cost SAR 140.7 billion in 2012 alone. Around SAR 502.5 billion worth ......read more
Bahra Cables Co., was selected as one of the 50 most prominent companies in construction sector in Saudi Arabia by "Construction Week" magazine
Jeddah- Bahra Cables Co. Ltd. sponsored “Saudi Arabia Smart Grid Conference & Exhibition - SASG 2012", which was held in Jeddah recently under the auspices of H.E. Engineer Abdulah bin Abd - ur - Rahman Al- Hossein, The ......read more
Bahra Cables sponsors "Saudi Arabia Smart Grid conference & Exhibition - SASG 2012"
Jeddah- Bahra Cables Co. Ltd. sponsored “Saudi Arabia Smart Grid Conference & Exhibition - SASG 2012", which was held in Jeddah recently under the auspices of H.E. Engineer Abdulah bin Abd - ur - Rahman Al- Hossein, The Minister of Water and Electricity.
On this ......read more