Saudi Arabia and France have signed 24 agreements worth $2.9 billion at the France-Saudi Investment Forum, Zawya reported, citing the Saudi Press Agency. The deals were inked across several sectors including energy, manufacturing, aviation, and healthcare. Major agreements include:
Saudi Arabia
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Saudi Arabia: Flying taxi makes debut in futuristic city NEOM
This marks the first time an electric vertical take-off and landing aircraft performed test flights in Saudi Arabia
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Saudi Arabia presents $8 billion plan to host Expo 2030
Saudi Arabia has presented its plan for hosting Expo 2030 to the General Assembly of the Bureau International des Expositions (BIE), which is taking place in the French capital, Paris. With a budget allocation of $7.8 billion and a theme of global togetherness it sets out a wide-ranging plan for the Expo 2030 event. Minister of Foreign Affairs, […]
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UAE, Saudi, Oman: Top 5 oil and gas project launches to watch out for
Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list […]
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Breaking: Saudi Arabia sights Dhul Hijjah moon; announces Eid Al Adha 2023 date
Saudi Arabia on Sunday announced that Monday, June 19, will mark the first day of Dhu Al Hijjah, after sighting the new crescent in the Kingdom. ”Arafat Day will fall on Tuesday June 27, while Wednesday will be the first day of Eid Al Adha,” according to a statement by the Saudi Supreme Court. The […]
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Eid Al Adha 2023: Saudi Arabia calls Muslims to sight moon on Sunday
Saudi Arabia has called on Muslims in the kingdom to sight the crescent moon that would determine the dates for Eid Al Adha 2023, Arabian Business reported. It is expected that the crescent moon, which will mark the start the month of Dhul Hijjah, will be sighted on Sunday. The statement was released on the state-run […]
Posted inEnergy Transition
Saudi Aramco, NEOM buy carbon credits at world’s largest auction
Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
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Saudi Arabia awards construction contract for dry gas network in Dammam
Saudi Arabia’s Ministry of Energy has announced that the National Gas Co (NATGAS) has been awarded the contract to establish and manage a dry gas network in Dammam Third Industrial City. The city is a prominent industrial hub in the country, housing around 176 existing or upcoming factories, as stated in an Arabic announcement on […]
Posted inBusiness
Jordan eyes $2.5 billion investments in new projects
According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026. The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on […]
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Kuwait’s HEISCO wins $133 million contract from Aramco in Ras Tanura
HEISCO will execute main civil and mechanical construction works for Aramco’s project
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