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In "BUSINESS"
April 07, 2021
GMG commits to greater investment in
Saudi Arabia with new Riyadh headquarters
April 06, 2021
SWCC achieves a new Guinness World Record for the lowest water desal energy consumption
April 05, 2021
Dr. Nasim: Vision 2030 a game-changer for the Kingdom
April 05, 2021
Saudia Cargo joins UNICEF initiative to support worldwide vaccines delivery mission
April 04, 2021
KAPSARC workshop on ‘Green Growth Pathways for Saudi Arabia’ held
RIYADH — ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants in 13 countries, has announced the successful financial closure for the development, construction and operation of the 1500 MW Sirdarya Combined Cycle Gas-Turbine (CCGT) power plant in Uzbekistan.A syndicate of seven international lenders will provide 4750 million senior debt for the USD1 billion project.The mandated lead entities — including the European Bank for Reconstruction and Development (EBRD), German Investment Corporation (DEG), Standard Chartered, Natixis, Société Générale, the OPEC Fund for International Development, and the Bank of China — helped structure the project finance debt.The commercial banks are providing funding on the back of a Multilateral...
April 01, 2021
ACWA Power signs financing package for $1 billion gas power project in Uzbekistan
March 31, 2021
Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030
March 31, 2021
Saudi company wins first runner up in 14th MIT Enterprise Forum Arab Startup event
March 31, 2021
Saudi construction sector looks to shake off challenging 2020 with PIF’s investment commitments
March 31, 2021
Nine out of 10 groups in UAE, KSA accelerated digital transformation during pandemi
