Jeddah: Sustainability is going to be a growing area of importance in the Kingdom of Saudi Arabia as the country works to welcome 100 million visitors annually by 2030. With 80% of consumers viewing sustainable travel as important, and 76% wanting to travel more sustainably in the next year, it is going to be crucial for new entertainment venues to build attractions that do not have a negative impact on the environment. After over 40 years in designing and manufacturing water parks and attractions, WhiteWater outlines some of the best ways to make sure sustainability is integrated from the very beginning of a new development. Smart Design Solutions for Water Conservation Starting at the beginning of development before the rides are selected, WhiteWater recommends designers look at the site-specific information to identify how ......read more
New three-day summit to showcase latest technologies, products, and services aimed at enhancing and developing electricity eco-system at home and abroad The event expects 800+ exhibitors and will position Kingdom as global innovation and sustainability hub Closed door Leadership Forum will bring together senior executives invested in the transformation of Saudi Arabia’s energy infrastructure and power potential Dubai, UAE – April 03, 2024: Tahaluf, Saudi Arabia’s fastest-growing exhibition company, has announced the launch of the first Saudi Electricity Expo, which aims to energise the Kingdom’s dynamic power sector. The three-day summit will debut at the Riyadh Front Exhibition & Conference Centre from November 26-28. The inaugural show aligns with the country’s Vision 2030 objectives ......read more
Expected to be operational in 2027, this cogeneration plant will supply up to 475MW of power generation and circa 452 tons per hour of steam from advanced combined cycle gas fired technology 28 March, 2024, Abu Dhabi, UAE: Abu Dhabi National Energy Company PJSC (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa together with JERA Co., Inc (“JERA”), Japan’s largest power generation company, today announced that they have entered into a Power and Steam Purchase Agreement with Saudi Aramco Total Refining and Petrochemical Company (“SATORP”), a joint venture company owned by Saudi Arabian Oil Company (“Saudi Aramco”) and TotalEnergies, to develop a greenfield industrial steam and electricity cogeneration plant that will produce ......read more
Riyadh, March 5, 2024 – In an innovative move to bolster the gaming and Esports industry within the Kingdom, the National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing of two agreements to establish two venture funds with a total size of 450 million SAR ($120 million). The announcement was made during the LEAP 2024 technology conference in Riyadh, marking a significant step towards nurturing the thriving gaming and Esports industry. The initiative is part of the Gaming and Esports Financing Program cooperating with the Saudi Esports Federation. Merak Capital and IMPACT 46, the entities managing the two funds, will provide development financing for gaming and Esports companies through equity investments, in an effort to accelerate growth, enhances local content development, ......read more
Riyadh, March 4, 2024 – Alat, a PIF company, and King Abdulaziz City for Science and Technology (KACST) today signed a partnership agreement to support the development of the semiconductor industry in Saudi. The agreement will contribute to achieving the goals of Saudi Vision 2030 to grow and diversify the national economy of Saudi Arabia and make the Kingdom a global center for the strategic semiconductor industry. The partnership agreement was signed at LEAP 2024 by His Excellency the President of KACST, Dr. Muneer bin Mahmoud Al-Dosouqi, and Mr. Amit Midha, CEO of Alat. The strategic partnership between KACST and Alat will support national goals for research, development, and innovation in the energy and industry sectors, through the localization of the semiconductor industry, and by fostering collaboration in developing ......read more
The project is the first of its kind in the Kingdom of Saudi Arabia, reflecting active private sector involvement in essential water infrastructure development Abu Dhabi, UAE – 2 January 2024: Abu Dhabi National Energy Company PSJC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, is delighted to announce its participation in the winning consortium for the Juranah Independent Strategic Water Reservoir Project (ISWR-1) in the Makkah region, Saudi Arabia. The consortium, which also includes Vision International Investment Company (Vision Invest) and Gulf Investment Corporation (GIC), has signed the relevant project agreements with the procurer Saudi Water Partnership Company (SWPC). The Juranah ISWR-1 Project is the first of its kind in the Kingdom of Saudi Arabia under a BOOT ......read more
• The facilities will serve as a hub for Aramco's Drilling & Workover Operations • Addition of Aramco Drilling & Workover reinforces SPARK’s commitment to localizing the energy value chain in the Kingdom Saudi Arabia, 21 November 2023 - King Salman Energy Park (SPARK), the leading energy industrial ecosystem, announces that the Saudi Aramco has commenced operations of its Drilling and Workover (D&WO) main hub in SPARK. Saudi Aramco Contribution to SPARK will act as a main enabler to support the localization of the oil and gas value chain. The facilities spanning on area over 370,000 square meters will be home to more than 1,000 employees and is set to play a pivotal role in supporting the activities of Aramco’s D&WO. A number of D&WO contractors and ......read more
Dubai, UAE – 30 August 2023 – Trina Solar, the leading global PV and smart energy total solution provider, has successfully powered a groundbreaking desalination plant in Jubail, Saudi Arabia, with its cutting-edge Vertex N 700W+ series solar PV modules. The photovoltaic power station, boasting a substantial installed capacity of 45.5 MW, was recently integrated into the grid through the expertise of SEPCOIII, a subsidiary of Power China. The Jubail 3A Independent Water Plant, located in the eastern city of Jubail, represents Saudi Arabia's pioneering leap into large-scale integrated water desalination bolstered by solar energy. This innovative project serves as a landmark in the country's sustainable energy journey, generating electricity to fulfill 20% of the plant's daily energy requirements. Notably, it is ......read more
• Ma'aden and Ivanhoe Electric to explore for minerals in Arabian Shield • Saudi Arabia wants lithium to fuel its electric vehicle ambitions • Ma'aden and Saudi PIF have a fund of up to $3bn for overseas mining 26 July, 2023: Saudi state mining giant Ma’aden and US-based Ivanhoe Electric have closed a deal to investigate 48,500 sq km of under-explored lands in the Arabian Shield for “critical minerals” that are key to powering the global energy transition. Surveys could begin as soon as September in the new joint venture, which is worth nearly $130 million, reports AGBI. The Saudi region – roughly the size of Switzerland – is understood to be rich potential for critical minerals such as copper, nickel, gold, silver and possibly ......read more
Riyadh, Saudi Arabia, July 13, 2023: ENGIE, the leading provider of low-carbon energy services and solutions for integrated utilities management, has signed a memorandum of understanding (MoU) with the Public Investment Fund (PIF) for the joint development of green hydrogen projects and its derivatives in Saudi Arabia, exploring opportunities that contribute to enhancing the energy transition within the objectives of the Saudi vision 2030. The MoU was signed by Frederic Claux, Managing Director, Flexible Generation and Retail, AMEA from ENGIE and Yazeed Alhumied, Deputy Governor and Head of MENA Investments from PIF, paving the way for the two parties to explore opportunities to jointly develop projects for green hydrogen and derivatives production for export. Frédéric Claux said,” The MoU between ENGIE and PIF will ......read more
Riyadh, Saudi Arabia – 18 June 2023: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Energy China Group Corporation (CEEC) for a solar photovoltaic (PV) project in Tashkent, Uzbekistan. The Power Purchase Agreement of the project has been signed earlier in March 2023, between ACWA Power and (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade. The project will form part of Uzbekistan’s ambitious targets to transition to a low-carbon economy as well as diversify its energy sources. The EPC contract was signed by Mr. Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, ......read more
Riyadh, Saudi Arabia – 13 June 2023: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced the signing of the Roadmap Agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, Kazakhstan's Investment Development Fund and sovereign wealth fund, for the 1GW wind energy and battery storage project within the Central Asian country. This significant milestone establishes the project's roadmap, providing a clear direction for the formalisation of processes and paving the way for construction. The agreement was signed by H.E. Almassadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan; Nurlan Zhakupov, CEO of Samruk-Kazyna; Basil Yernat Duisenbekuly, Deputy Governor of the Zhetysu region; and Marco Arcelli, ......read more
Riyadh, Saudi Arabia; February 20, 2023: Aggreko is participating in ‘The Big 5 Saudi’ as the event’s Energy Partner to create awareness of how construction companies in the region can meet the Saudi Net Zero 2060 target by switching to energy from batteries, modular solar or by adopting a hybrid solution. Aggreko is already involved in megaprojects in Saudi Arabia and the region, providing flexible and sustainable energy solutions for construction sites. According to Adam Read, Head of Sales - Middle East, Aggreko: “Saudi Arabia has set an ambitious timeframe to achieve their net zero target which leaves no room for slow decision-making. The construction sector is one of the main sectors that produce carbon emissions, and it is imperative that the industry identifies and implements innovative energy ......read more
RIYADH – 11 December 2022: Saudi Aramco Base Oil Company – Luberef (the “Company”), one of the largest base oils producers in the world and the leading base oils producer in the Kingdom of Saudi Arabia (the “Kingdom”) and SNB Capital Company, HSBC Saudi Arabia, Citigroup Saudi Arabia and Morgan Stanley Saudi Arabia, as joint financial advisors, announce the successful completion of the book-building process for participating entities and the final offer price for the Company’s initial public offering (“IPO” or the “Offering”). The final offer price for the Offering has been set at SAR 99 per share (“Final Offer Price”), implying a market capitalization of SAR 16.706 billion (USD 4.455 billion)[1] at listing. The institutional ......read more
Dammam, Saudi Arabia, 10 October 2022: Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries Ltd. (MHI) announced the appointment of Adel Al-Juraid, a Saudi Arabian national, as the new Chief Executive Officer for the Kingdom of Saudi Arabia. In this new role, Adel leads the operations of Mitsubishi Power in the Kingdom and drives business expansion with a focus on localization and energy transition, in line with the Saudi Vision 2030. Building on the company’s 50-year heritage in the Kingdom, Adel will focus on expanding Mitsubishi Power’s presence in the power, oil & gas and other key industrial sectors, aligning the company’s strategic initiatives with the Saudi national goals of energy sustainability, human capital development and economic growth. Javier Cavada, President ......read more
The most prominent maritime and logistics event in Saudi Arabia will lead discussions on the industry's changing landscape Dammam, Saudi Arabia – 12th September 2022: Saudi Maritime Congress will reinforce industry leaders’ commitment to achieving climate neutrality and discuss its impact on global supply chains, with the aim of creating a sustainable and safe environment in the maritime sector. Scheduled to take place in Dammam on September 28-29, 2022, industry leaders will come together to discuss the key challenges and opportunities. As the leading maritime and logistics event in Saudi Arabia, the conference will witness a number of discussion sessions that will bring together decision-makers from private companies and government bodies from around the world. The aim is to focus on accelerating the ......read more
Recognized for ‘Sustained Excellence’ in Environmental Sustainability, LG Also Wins EPA’s Emerging Technology Award Jeddah, July 4, 2022 – LG Electronics has been named 2022 ENERGY STAR® Partner of the Year-Sustained Excellence by the U.S. Environmental Protection Agency (EPA). This prestigious honor, a distinction LG has received nine times since 2012, recognizes the company’s exemplary commitment to protecting the environment through leadership in ENERGY STAR certified products and promotions. In addition to the Partner of the Year Award, LG received the ENERGY STAR Emerging Technology Award two months ago with the EPA honoring 43 LG refrigerator-freezer models, more than any other brand. The award-winning models feature advanced adaptive compressors and use R-600a, a refrigerant with very ......read more
Jeddah: Future buildings – that use new technologies to enable economical use of resources and create healthy spaces - have become a fast-growing trend around the world. This is especially due to increasing focus on climate change and its repercussions, resulting in an urgent need to create sustainable, safe and comfortable buildings. These buildings of the future represent a key transformation in the energy sector, and the beginning of working towards a net-zero carbon world. In traditional buildings, data, building technologies, and even basic building devices such as HVAC-R and security systems operate in isolation. In smart buildings, these are all linked together, with the help of emerging technologies such as artificial intelligence and IoT, maintaining an efficient and a comfortable environment for its occupants. As ......read more
H2 2021 Dividend of AED 1.285 billion (10.285 fils per share), bringing 2021 total dividend to AED 2.57 billion (20.57 fils per share) Company reaffirms its commitment to maintaining its growth momentum, with plan to deliver 60-80 new stations in 2022, including 20-30 in the UAE and 40-50 in international markets Positive growth outlook and earnings momentum in both fuel and non-fuel businesses to accelerate in 2022 and beyond Company remains on track to deliver minimum of $1bn EBITDA by 2023 Attractive dividend policy set to continue with a minimum of AED 2.57 billion dividend for 2022 and yearly dividend equal to at least 75% of distributable profits from 2023 onwards March 25, 2021: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, delivered a confident, ......read more
Riyadh, Saudi Arabia, 22 March 2022: Schneider Electric announced today that it has received a certificate of approval for its EVlink Smart Wallbox charging stations from the Saudi Standards, Metrology and Quality Organization (SASO), highlighting the company’s commitment towards Saudi Arabia’s vision to leverage Electric Vehicles (EV) to cut vehicle emissions. Schneider Electric’s reliable and durable EVlink Smart Wallbox charging stations increase energy efficiency while optimizing electrical costs with smart features that provide added convenience and an enhanced charging experience for both the station owners and drivers. Mohamed Shaheen, Cluster President for KSA & Yemen at Schneider Electric commented: “The electrification of transportation will play a critical role in Saudi ......read more
the first and largest foreign investment in Azerbaijan’s renewable power sector 14, January 2022: The Azerbaijani Ministry of Energy and ACWA Power held a groundbreaking ceremony for the 240 MW wind power plant with an investment value of SAR 1.125 billion (US$300 million), following the signing of power purchase, investment and transfer agreements according to an independent power generation project model. The ceremony was attended by His Excellency President Ilham Aliyev, President of the Republic of Azerbaijan, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of Saudi Arabia, His Excellency Mr. Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, Mr. Balababa Rzayev, President of “Azerishiq OJSC” and Mr. Mohammad Abunayyan, Chairman of ACWA Power, along with ......read more
• SFD renewable energy projects in 9 Asian and African countries produce 42,000 megawatts of sustainable and clean energy • SFD has established over 8,800 water facilities in 18 African countries using solar energy to pump water to 4.5 million people • SFD has supported the development of 11 hydroelectric dams converting hydropower into a source of clean energy October 30, 2021: In line with the Middle East Green Initiative Summit taking place in Riyadh, and as part of Saudi Arabia’s roadmap for protecting the environment and confronting climate change under the Saudi Green Initiative, the Saudi Fund for Development (SFD) has already established itself as a leading player supporting clean energy initiatives in developing nations. One of the SFD’s strategic aims ......read more
• ENOC’s Horizon Terminals Limited and Rotary Arabia complete infrastructure development critical to petrochemical transportation in KSA’s Western Province • Project involves four new pipelines from Farabi Petrochemicals Company’s new Yanbu complex to Arabtank Terminal Limited’s storage tanks, a revamp of four existing storage tanks and two new pipelines to King Fahad Port in Yanbu Dubai, UAE - April 22, 2021: ENOC Group in partnership with Rotary Arabia, one of the premier EPC contractors in Saudi Arabia, completed the building of vital pipeline and tank infrastructure to transport and store petrochemicals in the Kingdom’s Western Province. The infrastructure development between Horizon Terminals Limited (HTL), ENOC’s terminals arm, and ......read more
• 15-year LTSA covers power supply at four major oilfields • Ensures lower emissions, improved reliability, and efficiency • Develops local economy with training and jobs March 31, 2021: Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields. This contract is expected to enable Aramco to improve reliability, efficiency, and availability of power supply, thereby safeguarding oil and gas production. This 15-year contract will enable Aramco to benefit from Siemens Energy’s comprehensive warranties and extended service support, increasing the availability and the reliability of the power supply for these strategically important assets. Furthermore, Siemens Energy will ensure ......read more
Riyadh, Saudi Arabia, 25 March 2021: The Saudi Water Conversion Corporation (SWCC) has set a new Guinness World Records™ title for Lowest energy consumption for a water desalination plant with 2.27 kW/h per cubic meter of desalinated water. This new achievement is the latest of several records and milestones that SWCC has reached which further strengthened its global standing as a leader in the desalination industry, as it moves forward to accomplish the objectives of the Kingdom’s long-term Vision 2030 strategy by utilizing local content and expertise in all its current and future expansion projects. SWCC has been investing in its engineering and research expertise to further drive design innovation, and to supply high-efficiency, low-energy consuming and flexible desalination plants, by utilizing ......read more
• Siemens Energy to supply 21 high-efficiency compressor trains for expanding Marjan oil and gas field in the Kingdom of Saudi Arabia (KSA). • The project reinforces commitment to society and Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program. Saudi - February 09, 2021: Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib Plant facilities. The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 project last year. Siemens Energy will supply a total of 21 compressor trains for the project. They will be used in several gas treatment plant ......read more
Agency’s 11th Assembly brings almost 2000 participants including 70 Ministers together virtually to set the course for a year of critical energy discussions 19 January 2021 – The International Renewable Energy Agency’s (IRENA) Eleventh Assembly started today (Monday) and takes place virtually setting the course for a critical year of global commitments to low-carbon development. With the postponed COP26 set to take place later this year, 2021 is seen as an important moment for countries to raise climate mitigation ambition including renewable energy deployment, to align economic recovery efforts with the goals of the Paris Agreement. “The COVID-19 pandemic defined 2020,” said Francesco La Camera, IRENA Director-General. “However, as countries look to recover from the devastating ......read more
• Schneider Electric unveils new sustainable energy products at CES 2021, focuses beyond smart to resilient and sustainable Homes • The leader in digital transformation of energy management evolves smart home technology to focus on efficiency, resilience and sustainability • New solutions bring enhanced safety and control while delivering sustainable energy management choices directly to homeowners 13 January 2021: Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at CES 2021 the expansion of their Wiser smart home ecosystem, furthering discussion around the Smart and Sustainable Home. The Wiser range marks a significant step forward to create affordable, sustainable, energy efficient, resilient and personalized ......read more
September 20, 2020: The Bloomberg Commodity Index, which tracks a basket of major commodities spread evenly across energy, metals and agriculture, traded higher for the first time in three weeks. A softer dollar, continued buying momentum among major U.S. crop futures and a Saudi-fueled bounce in oil products, together with Chinese economic optimism all helped support a week of broad-based gains across all three sectors. Gold traded quite passively with ‘algo’ traders currently in charge, something that for now has resulted in an unusually high positive correlation with the movements in the S&P 500 index. Crude oil and fuel products led from the front as the sector recovered from the recent correction. The OPEC+ meeting saw a strong attack from the Saudi oil minister on members cheating on quotas and ......read more
• Siemens Energy to supply 20 compressor trains for a critical gas project in the Kingdom of Saudi Arabia (KSA) • The project will enable the operator to manage its surplus gas volumes efficiently to meet seasonal demands July 29, 2020: Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic feet per day (MMSCFD) (42,475,270 cubic meters per day, or m3/d) and a withdrawal facility capable of processing up to 2,000 MMSCFD (56,633,693 m3/d) of gas. Siemens Energy received the order from Samsung Engineering, who was awarded the engineering, procurement, and construction (EPC) contract for the ......read more
• New facility will form part of Honeywell’s alignment to Saudi Vision 2030 and localization commitments, supporting economic diversification • Honeywell becomes the first international company to produce industrial gas detectors in Saudi Arabia June 02, 2020 - Honeywell (NYSE: HON), a global technology leader, has today announced it will open a new facility for the production of gas detection devices in Saudi Arabia. The factory underscores Honeywell’s commitment to the In-Kingdom Total Value Add (IKTVA) program. Established to accelerate Saudization, IKTVA’s aim is to achieve 70% localization of production and jobs by 2021 and act as a key enabler of Saudi Vision 2030. The new “Made in the Kingdom” Honeywell factory will support IKTVA’s localization ......read more
Power sector investor ENGIE Saudi Arabia says Kingdom’s renewables drive will boost economic diversification and result in job creation Kingdom’s Public/Private Renewables Investment Forecast to Climb to US $30bn by 2025 Middle East Energy’s Renewables Conference to probe Kingdom’s green investment potential Dubai, UAE: 18 February 2020: Saudi Arabia’s ambitious plans for a renewable-focused future will unearth a flurry of private sector investment and local manufacturing job creation opportunities, according to a leading regional power sector investor. Turki Al Shehri; CEO of ENGIE Saudi Arabia, the industrial investor in the integrated water power plant (IWPP) sector, says the Kingdom’s renewables drive will significantly boost its economic diversification programme and see public and ......read more
• The Qbera-Schneider Electric Solar alliance brings together the financing and technology needed to provide access to energy in Sub Saharan Africa • Improving access to energy in Sab Saharan Africa is critical for UN Sustainable Development Goals (SDG) 7 • The first round of projects of 15 MW will be rolled out across in Mali, Ghana and Burkina Faso Dubai, United Arab Emirates, February 01, 2020: Schneider Electric Solar Spain S.A., the Spanish entity of the Schneider Electric solar business division, has entered into a strategic alliance with Qbera Capital LLP, a leading asset management & independent advisory firm, to further support solar energy growth across selected frontier & emerging markets. The Qbera-Schneider Electric Solar ......read more
The leading regional oil field services and equipment players are building further strength through collaboration in addressing the challenging & growing Hydraulic Fracturing market. Dubai, United Arab Emirates, January 14, 2020: Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia. The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions, through combination of both companies’ respective ......read more
Tabreed first district cooling company in the region to receive ISO 50001:2018 certification September 10, 2019: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System. Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard. Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon ......read more
Saudi Arabia’s pavilion will be the largest country pavilion at this year’s World Energy Congress, held 9 – 12 September. Abu Dhabi, 3 July 2019: The Kingdom of Saudi Arabia will have a large presence at the 24th World Energy Congress in Abu Dhabi after signing a major contract with the Organizing Committee today. More than 20 organizations from the energy sector in Saudi Arabia are set to showcase their services during the World Energy Congress, highlighting the strength of the country’s energy sector and its efforts to move towards a more sustainable industry model. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the 24th World Energy Congress will offer a unique platform for global energy leaders to explore new ......read more
Agreements in Egypt and Bahrain open up new markets for company Follows recent contract wins in Saudi Arabia and Kenya May 12, 2019: Abdul Latif Jameel Energy has stepped up its active participation in the Middle East’s water sector with two agreements expanding its presence in Egypt and Bahrain. Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, formed a joint venture with HA Utilities (HAU), part of Hassan Allam Holding (HAH), to provide sustainable water infrastructure solutions to municipal and industrial clients across Egypt. Drawing on the extensive sector experience of both companies, the JV will work on developing sustainable water solutions, including water and wastewater management, and BOT[1] and BOO[2] projects in ......read more
Aims to invest over $1 billion in new investments and acquisitions over the next 3 years, including the acquisition of two North American companies in oilfield services technology and manufacturing TAQA’s 2021 Strategy is to become a leading oilfield services and equipment provider, targeting new markets in the wider Middle East & North Africa (MENA) and investments in North America and other regions TAQA’s drilling subsidiary recently announced the acquisition of Middle East drilling rigs business of Texas-based Schlumberger for $415 Million Houston and Dammam, May 6, 2019 – Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year. The ......read more
Riyadh, Monday 8 April, 2019: Khalid Al-Falih, Saudi Arabia’s Energy Minister, said the Kingdom does not plan to deepen its oil production cuts. He added that oil markets are “healthy.” Speaking to Manus Cranny, Bloomberg Television, Al-Falih said that the OPEC+ meeting in May will be a “key” gathering. He added that it’s still “premature” to decide if they will cut inventory. Other highlights from the interview include: Investor demand for Saudi Aramco’s debut dollar bond has exceeded $30 billion, Al-Falih said. The securities, which haven’t priced yet, will be the first of many debt offerings by the company. Al-Falih said he still hopes that Saudi Arabian Oil Co., as the company is formally known, will proceed with an ......read more
Shuqaiq 3 will have a capacity to produce 450,000 cubic metres per day and serve 2 million people This will be the company's third such facility, after Al Khobar 1 and Al Jubail RO4 (built in 2015) With these three projects, the Spanish company will provide water to more than 3 million people 30 January 2019, Dubai United Arab Emirates: Water and Electricity Company LLC (WEC), the Saudi Arabia state-owned company in charge of desalination and water treatment projects, has awarded ACCIONA — along with its consortium partners Marubeni Corporation, Abdul Latif Jameel-CDC and Rawafid Alhadarah Holding Co. — the contract to finance, design and build the new Shuqaiq 3 desalination plant and operate and maintain it for 25 years. This project, ACCIONA Agua's biggest so ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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, ......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 ......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 ......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 ......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 ......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 ......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 ......read more
Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 ......read more
Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility Abu Dhabi-UAE: 22 April, 2015 ̶ Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part ......read more
Safety Maturity Index tool provides insights into where and how manufacturers need to optimize safety to improve plant performance Abu Dhabi, UAE – 13th May 2015 – Rockwell Automation today announced the Safety Maturity Index (SMI) tool, a self-guided assessment that gives manufacturers visibility into the effectiveness of their safety programs and the ability to optimize plant ......read more
UAE, May 14, 2015- Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today the financial results for Q1 2015 ended March 31st. Revenues recorded for the quarter stood at AED 1.11 billion ......read more
Riyadh – May 09, 2015: Saudi Power 2015 – The International Trade Exhibition for Power is set to open next Monday, May 11, 2015, at the Riyadh International Convention & Exhibition Center (RICEC) under the patronage of the Saudi Ministry of Water and Electricity and organization by Riyadh Exhibitions Company Limited (REC), hosting 158 exhibitors from 28 countries including a ......read more
Trotec Group Germany has entered into an agreement with Vacker Group Dubai for distributing their dehumidifiers and other products in United Arab Emirate and other Middle East countries. 9 May 2015 – Vacker Dubai is excited to announce that they are now supplying international quality dehumidifiers in all of UAE, Oman, Qatar, Bahrain and Kuwait. Vacker Dubai is a distributor of The ......read more
Dubai, 5 May 2015 – Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas. Group President Bengt Ekstrand says bringing a specific senior management focus on Oil & Gas is a clear signal of GAC’s ......read more
High-tech equipment manufacturer achieves new, record efficiency for its CIGS modules on mass production line in Schwäbisch Hall Impressive transfer of the 21.7% world record for laboratory cells of technology partner ZSW Stuttgart to mass production CEO Dieter Manz: 16% record efficiency in module format is an important milestone, but immense potential of CIGS technology not nearly ......read more
The Saudi Telecommunications Company, the King Fahd University of Petroleum and Minerals and Ericsson collaborate to establish a centre of excellence to educate and prepare Saudi nationals for the telecommunications industry. The centre aims to evaluate, test and transfer knowledge of emerging telecommunications technologies to students, thus preparing them for a career at STC. KFUPM ......read more
To Build, Own and Operate the World’s Largest Industrial Gas Complex The Facility Will Supply 75,000 Metric Tons Per Day of Oxygen and Nitrogen to Saudi Aramco Refinery in Jazan for 20 Years LEHIGH VALLEY, Pa. (April [13], 2015) – Air Products (NYSE: APD) announced today that it has been awarded a contract by Saudi Aramco under a joint venture (JV) of Air Products and ACWA ......read more
March 21, 2015: The power consumption in the Kingdom of Saudi Arabia (KSA) continues to grow at a steady rate. Over the last decade, it has witnessed an average annual increase in demand for electricity, with a significant rise in the number of subscribers. In order to address the challenges faced by the country’s power industry, Riyadh Exhibitions Company (REC) is looking forward to ......read more
• To Highlight Contributions to Smart Power Management Solutions for Evolving Saudi Healthcare Infrastructure Riyadh-KSA: 16 March, 2015 – Schneider Electric, a global leader in energy management, is set to display its comprehensive range of power management solutions at the third Saudi Forum for Hospital Planning and Design, held under the auspices of the Saudi Minister ......read more
Agreement envisions up to 4GW of renewable and natural gas projects Sharm El-Sheikh, Egypt, March 15, 2015 – Masdar, ACWA Power and the Egyptian Electricity Holding Company (EEHC) have concluded a Memorandum of Understanding (MoU) to explore developing up to 4 Gigawatts of renewable and natural gas power generation projects in Egypt. Dr. Ahmad Belhoul, CEO of Masdar; Paddy ......read more
24 January 2015: On January 22, 2015, in Abu Dhabi at the World Future Energy Summit, a contract for Technical Cooperation was signed between Almagar Group Environmental Energy Engineering Consultancy 3EC and Enekio in order to develop and deploy Smart Energy Solutions for Cities and Buildings and Eco System. The document was endorsed by the signatures of Dr Ali Mohammed Almagar Al Shehri , ......read more
Summary OPEC’s decision not to cut output is a bold move which is designed to cramp non-OPEC suppliers, especially US shale oil producers. The decision not to cut was led by Saudi Arabia and illustrates that the Kingdom is not prepared to lose out on market share in key export countries, instead it is trying to maintain competitiveness by cutting prices. We believe oil prices ......read more
December 04, 2014 - The innovative EcoRemover® technology produced by Eurosicura S.r.l has been receiving positive feedback and favorable response from oil and gas companies across the GCC and the rest of the world due to its cost-efficient and eco-friendly benefits. Best Choice, an international real estate investment and development firm based in the Gulf and the EcoRemover® ......read more
Riyadh – November 24, 2014: MEED, the Middle East Business Intelligence, lists 26 projects worth USD 15 billion underway in the Saudi petrochemical sector, while another USD 46 billion worth projects are under planning stage. The plastic industry, on the other hand, is being developed to support economic diversification away from hydrocarbons. To complement the ongoing development, Saudi ......read more
Juno Lighting Group joins Schneider Electric’s significant market presence in the Middle East; the company’s innovative luminaires will be distributed by Lumasense Dubai, UAE– 23 November 2014 – Schneider Electric, a global specialist in energy management with operations in more than 100 countries, today announced that it has expanded distribution of its market-leading ......read more
Aligning Cultures, Communication and Competence Key Issue in Post “Easy Oil Era” Panel Tells Delegates Abu Dhabi, UAE – 13 November 2014 – The regional oil and gas industry needs to place Health, Safety and Environment (HSE) issues at the centre of planning during the post “easy oil” era, a distinguished panel of international experts and industry thought ......read more
SteelFab 2015 to be a catalyst of growth for regional steel fabrication & metal working industry Sharjah, 1st October 2014 - Suppliers of steel fabrication and metal working equipment and technology are expecting a significant rise in demand from the region’s resurgent construction sector, one of the key demand drivers for the fabrication industry. Citing industry reports ......read more
•Siemens signs two contracts for SVCs at Madinah East, Hail-2 and Al Jouf-2 380kV substations •SVC plus technology will be used for the first time in Saudi Arabia •Siemens supports the Kingdom in developing a world class transmission network Siemens, the global powerhouse which innovates the electrical world and operates in the fields of energy, infrastructure, industry ......read more
Riyadh-Saudi Arabia: 05 August, 2014 – Schneider Electric, a leading global specialist in energy management, today announced the appointment of Ziad Mortaja as Country President for its operations in Saudi Arabia and Yemen. Schneider Electric enjoys a strong presence with three manufacturing plants employing over 1,200 staff in the Kingdom, and a robust network of marketing ......read more
Masdar and K.A.CARE to Work Together to Advance Development of Clean Energy Across the Region Abu Dhabi June 16, 2014: Masdar and the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) today announced an agreement to work together to advance the development of renewable energy and clean technology across the region. The accord, which comes at a time of increasing ......read more
5,000 Sq meter Riyadh Complex Employing 1,000 Personnel Sets New Benchmark in Sustainability Standards across Saudi Industry Riyadh-Saudi Arabia: 14 June, 2014 - Schneider Electric, a global leader in energy management, has received the prestigious ISO50001:2011 certification, becoming the first private company in Saudi Arabia to achieve the industry accreditation. Assessed by Bureau ......read more
Riyadh – May 29, 2014: Saudi Energy 2014 – The International Trade Exhibition for Electricity, Power Generation, Alternative Energy, Water Technology and Lighting, concluded its three-day run yesterday (May 28, 2014) at the Riyadh International Convention and Exhibition Center. The show welcomed more than 8,000 specialized visitors from various related industries and featured 314 ......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
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