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:
energy
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Qatar eyes $5 billion investment in Iraqi projects
Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
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Saudi Arabia, China sign $10 billion deals
Saudi Arabia and China have signed 30 investment agreements worth $10 billion across various sectors including technology, renewables, minerals, supply chains, and healthcare on the first day of the 10th Arab-China Business Conference. According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive […]
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Masdar to develop massive wind power plant in Kazakhstan
Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan. The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050. This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim […]
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Navigating the changing energy landscape
Over the last 45 years, the energy industry has witnessed a seismic shift, shaped by developments in technology, geopolitics, and, more recently, sustainability. Dietsmann, a global leader in operational maintenance for the oil, gas, LNG, power, and mining industry, has not only navigated these tumultuous waves of change but has skillfully turned them into catalysts […]
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L&T announces major milestones for NEOM green hydrogen plant
The power transmission & distribution arm of Indian engineering major L&T has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close, […]
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How BGN is building a sustainable future
BGN, a leading player in the global trade, storage, and transportation of petroleum products and petrochemicals, recently participated in the prestigious Middle East Petroleum & Gas Conference (MPGC) held in Dubai on May 22-23. Emin Imanov, CEO of BGN Trading, shared valuable insights about BGN’s operations during an exclusive panel discussion that focused on the company’s ability to connect producers, processors, and […]
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GE Gas Power empowers Kuwait’s energy future with technology centre
GE Gas Power is actively contributing to Kuwait’s energy and economic development by not only providing advanced gas turbines, services, and upgrades but also by fostering the growth of local professionals through the GE Kuwait Technology Centre (GEKTC). This one-of-a-kind facility serves both domestic and international customers, including prominent oil and gas companies. It consists […]
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Saudi Arabia’s energy megaprojects: 3 upcoming developments you need to know about
Saudi Arabia has announced several ambitious plans to launch a wave of megaprojects that are set to transform the country into a global economic powerhouse, as reported by Arabian Business. With investment totaling billions of dollars, the kingdom is embarking on a journey to diversify its economy away from oil, create jobs, and boost its international standing […]
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US-based KBR secures deal for Iraq’s mega projects
KBR will initially sign a three-year agreement with scope of extension
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