Monday 20 March 2023

Saudi PIF unveils key initiatives to boost private sector growth

Saudi Arabia's wealth fund Public Investment Fund (PIF) has launched a suite of three new initiatives - Local Content Growth Programme (Musahama); Suppliers Development Programme and Private Sector Hub - aimed at supporting and enabling the private sector.  


Hydrom in deal to develop green hydrogen projects in Oman

In a major step towards achieving sustainable energy goals, Hydrogen Oman (Hydrom) today (March 14) signed multiple term sheets with a number of developers specialising in green hydrogen projects.    A subsidiary of Energy Development Oman, Hydrom


Jinko Power awarded its first solar project in Oman

Jinko Power has announced that it has been awarded the 500 MWac Manah II Solar PV project by Oman Power and Water Procurement Company (OPWP), to develop, own and operate the project on an IPP basis.    The project was awarded through a competitive bidding c


Ecoppia inducts Israeli tech expert into company board

Ecoppia, a global leader in robotic cleaning for photovoltaic solar panels, announced today (March 14) the appointment of Amir Fishelov as a member of its board of directors.   Fishelov has more than 20 years of experience in the solar energy and technology fiel


Addleshaw Goddard names new Saudi partner

Leading international law firm Addleshaw Goddard has announced another key partner hire for its upcoming office in the Saudi capital Riyadh which is currently pending regulatory approvals.    Amar Meher will join the firm to lead its banking, finance and re


Oman Cables showcases its sustainable product range

Oman Cables Industry (OCI), a leading Omani company in the cables industry and part of Prysmian Group, is participating in Oman’s Sustainability Week, which will be running till March 16, 2023.    The company in a statement said it will present the la


Proven elevates Saleem to Chief Executive Officer

Proven, one of the leading outsourcing organisations in the Middle East, has announced that Omer Saleem has been elevated to the role of Chief Executive Officer (CEO).    As CEO, he is tasked with continuing Proven’s journey into the consulting and ad


Mitsubishi Power attains ‘#1 global gas turbine market share’

Mitsubishi Power, a power solutions’ brand of Mitsubishi Heavy Industries, Ltd (MHI), has attained the top market share by megawatts in 2022 with a global gas turbine market share of 33%, according to McCoy Power Reports data.    The company has also


Green policies `driving future of global sustainable mobility’

Writer Relocations, a global premier mobility services company, pointed recently to the growing green policies and climate risk awareness as forces that will fast-track and reshape the future of global sustainable mobility.    Simon Mason, Chief Operating O


Saudi venture company boosts investment capital to $1.6bn

The Saudi Venture Capital Company (SVC), a subsidiary of the SME Bank, a development bank affiliated with the National Development Fund, has announced an increase in its investment capital for the coming years, bringing the total investment capital to SR6 billion ($1.6 billion).

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