Day: October 24, 2023

KT, in collaboration with Hyundai Engineering & Construction (Hyundai E&C) and stc group, an engine of digital transformation, is poised to spearhead the establishment of a leading digital infrastructure in Saudi Arabia, a venture set to span for the next 50 years. KT, under the leadership of CEO Kim Young Shub, participated in the ‘Korea-Saudi

Riyadh, (24 October, 2023): Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has revealed Thuwal Private Retreat, an exclusive, buy-out only island destination set to welcome guests next year. Located on a pristine 1.7-hectare sandy islet in a spectacular coral archipelago on the Red

Riyadh, 24 October, 2023: Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has announced the successful completion of an investment deal with Kingdom Holding Company (KHC), a prominent global investment company headquartered in Saudi Arabia.   The SAR 2bn Joint Venture (JV) brings together

Riyadh, (24 October, 2023): Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has revealed Thuwal Private Retreat, an exclusive, buy-out only island destination set to welcome guests next year. Located on a pristine 1.7-hectare sandy islet in a spectacular coral archipelago on the Red

Saudi Electricity Company (the largest electric power producer, carrier and distributor in the Middle East and North Africa) has revealed massive investment plans up to 2030 alongside its participation in the 7th edition of the internationally renowned Future Investment Initiative (FII7) hosted in Riyadh from the 24th to 26th of October. The Future Investment Initiative

On Tuesday, October 24th, 2023, the Saudi Electricity Company (SEC) announced signing a US$3 billion (equivalent to 11.25 billion Saudi riyals) international syndicated facility agreement with four leading banks in the region. This landmark signing took place amid the proceedings of the prominent global economic event, the Future Investment Initiative, held in Riyadh. The financing

Aramco, a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro fuel (e-fuel) demonstration plant. It will be located in ENOWA’s Hydrogen Innovation and Development Center (HIDC) and aims to demonstrate technical feasibility and commercial viability by