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
Deloitte, the largest professional services firm in the world, has announced its plans to strengthen its presence in Saudi Arabia and set up its regional headquarters at King Abdullah Financial District (KAFD) in Riyadh. Deloitte’s presence in the Saudi market extends to over half a century of leveraging its global capabilities and wide range of
Riyadh, (23 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 successfully secured an operating license for its water aerodrome on Ummahat Island at The Red Sea destination. This is the first license to be granted for a water aerodrome in Saudi
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