Month: October 2023

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

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

NEOM and DSV announce a US$10 billion exclusive logistics joint venture to support the development of the ambitious projects taking shape in NEOM, Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years. Under the agreement, the joint venture will provide end-to-end supply chain management, development and investments in

NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM’s wholly owned subsidiary which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling creation of jobs in NEOM. NIF will invest globally through Mergers & Acquisitions and