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25-YEAR POWER SALE DEAL INKED
TotalEnergies, EDF snap up 1.7GW Saudi solar parks contract
French utility developers TotalEnergies and EDF have secured contracts to build 1,700MW solar parks in the kingdom. The duo has also entered into 25-year power purchase agreements with the Saudi Power Procurement Company for these projects.
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WORLD'S LARGEST
Aramco, Linde, SLB sign deal to set up major CCS hub
Saudi oil giant Aramco has signed an agreement with Linde and SLB for the development of a Carbon Capture and Storage hub, that is set to become one of the largest globally. Aramco will hold a 60% share in it, while Linde and SLB will each own 20% stake.
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ENERGY TRANSITION BOOST
Aramco, TotalEnergies and SIRC eye SAF production unit in Saudi
Saudi oil giant Aramco has teamed up with TotalEnergies and Saudi Investment Recycling Company (SIRC) for the signing of a joint development and cost sharing agreement to assess the development of a SAF production unit in the kingdom.
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 | Industry Sectors |
Aecom named lead design consultant for Soudah Peaks
Soudah Development, a unit of Saudi sovereign wealth fund PIF, has awarded the lead design consultancy contract to Aecom for the first phase of its prime development Soudah Peaks, a luxury mountain destination on Saudi Arabia’s highest peak.
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Indian jewellery brand Tanishq unveils flagship store in Dubai
Tanishq, one of the leading jewellery brands in India, has announced the opening of its flagship boutique in the Dubai Gold Souk Extension. Spanning a 5,000 sq ft area, the outlet, its 13th in GCC, is the brand’s largest showroom in the UAE.
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CarbonCure to launch groundbreaking CCU project in NEOM
CarbonCure, a carbon utilisation technology company, has joined forces with Saudi construction materials group Abdin and regional industrial group Gulf Cryo for a groundbreaking carbon capture and utilisation project at NEOM development in the kingdom.
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Bahrain tops global innovation in open banking with key tieup
In a groundbreaking partnership, Bahrain’s leading company in fintech and e-financial transactions service Benefit has joined forces with Tarabut to introduce the first innovation-led, centralised open banking authentication solution in the kingdom.
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AI growth will depend upon ‘infrastructure modernisation’
Businesses must adopt cloud-native infrastructure, which includes powerful computing, high-performance network and storage, container and data management systems, to meet the growing demands of AI.
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Aramco, TotalEnergies and SIRC eye SAF production unit in Saudi
Saudi oil giant Aramco has teamed up with TotalEnergies and Saudi Investment Recycling Company (SIRC) for the signing of a joint development and cost sharing agreement to assess the development of a SAF production unit in the kingdom.
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Hilton to open three new hotels in Knowledge Economic City
Hilton has signed an agreement with Al Gharaa International for Real Estate to open three hotels within the Islamic World District of Knowledge Economic City (KEC) in Madinah. It marks the debut of group’s extended stay brand - Home2 Suites by Hilton.
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LogRhythm | Exabeam launches regional office in Riyadh
LogRhythm | Exabeam, a global cybersecurity leader that delivers AI-driven security operations, has expanded its investment in Saudi Arabia (KSA) with the opening of its regional office in Riyadh.
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Populous-designed King Salman stadium masterplan unveiled
Saudi authorities have unveiled the masterplan for the 92,000-seat King Salman Stadium, designed by US group Populous. Set for completion in 2029, the mega sports venue will boast key amenities including a Royal Box, internal screens as well as gardens.
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GMC Middle East reveals the new bold GMC Yukon
GMC Middle East has revealed the new GMC Yukon in the UAE’s capital, Abu Dhabi, a bold new chapter in the vehicle’s legacy, combining unmatched performance, bold design and advanced technology.
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Johns Hopkins Aramco Healthcare facility opens at Spark
King Salman Energy Park (Spark) has announced the opening of a new clinic with Johns Hopkins Aramco Healthcare (JHAH) within its premises. The facility provides comprehensive medical services to support SPARK tenants, employees and partners.
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Serial entrepreneur launches 'smart canteens' concept in KSA
Serial entrepreneur Eugen Brikcius has launched lechef - a Saudi foodtech startup with a first-in-the-region concept that offers easy access to workplace catering featuring fresh, healthy and grab-and-go meals through tech-driven smart fridges.
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Saudi group Maarif to take over Ibn Khaldoun Education
Maarif Education, one of the largest education companies in Saudi Arabia with a legacy of over 50 years in K12 education, has signed a definitive agreement to acquire 100% of Ibn Khaldoun Education Company (IKEC).
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Alba honours female employees to mark Bahraini Women’s Day
Aluminium Bahrain (Alba), the world’s largest smelter on one site, held a special celebration to honour its female employees on the occasion of Bahraini Women’s Day on December 1.
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