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As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)

March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Saudi Arabia is set to float tenders for the construction of a 600 megawatt (MW) solar power project in the city of Makkah in bid to cater to the increasing demand for electricity and clean energy from a booming population.

Market developments likely to be dominant economic driver for region once again this year. (Shutterstock)

February 17th, 2019 - 07:49 GMT

Stronger Oil Prices in 2018 Puts Middle East Oil Nations on Solid Ground in 2019

Saudi Arabia is about to begin development of the first area of its mega business zone NEOM. (Shutterstock)

February 3rd, 2019 - 05:30 GMT

Saudi Launches $53 Billion Industrial Plan NIDLP

The value of these projects is expected to amount to about seven billion dollars (SR26.25 billion) (Shutterstock)

January 24th, 2019 - 09:40 GMT

Saudi Arabia to Implement 12 Renewable Energy Projects Worth of $7 Billion

Today SABIC’s chemical operations embrace the world, with plants in Geleen, in the Netherlands, and Yanbu in Saudi Arabia, but its striking headquarters are still in Riyadh. (Arab News)

October 8th, 2018 - 06:55 GMT

This Is Why Sabic Is Important to Saudi, and It's Not Just the $70 Billion

Lucid Motors received a $1 billion investment from Saudi Arabia Monday that will get the Lucid Air electric vehicle through to commercialization by 2020. (Lucid Motors)

September 19th, 2018 - 09:01 GMT

Saudi Carves a Slice of the Electric Car Market With $1 Billion Investment

Cash withdrawls from ATM machines also rose more than 12 percent on a year earlier. (Shutterstock)

September 3rd, 2018 - 07:43 GMT

Improved Economic Outlook in Saudi Arabia

The world’s biggest crude oil exporter might be mulling a stake in the world’s most iconic electric car company. (Shutterstock)

August 13th, 2018 - 11:48 GMT

Could Saudi Arabia be the White Knight Elon Musk Is Looking For?

In March 2018, the UK and Saudi Arabia agreed a goal of £65 billion ($90 billion) of mutual trade and investment in the coming years during a meeting between the UK’s Prime Minister Theresa May and Crown Prince Mohammed bin Salman. (AFP)

July 12th, 2018 - 11:26 GMT

Brexit a Boon for UK-Saudi Arabia Trade Ties

Saudi Arabia lifted a 35-year ban on cinemas late last year. (Shutterstock)

June 19th, 2018 - 10:18 GMT

Saudi Arabia Dismisses Entertainment Chief

Residential properties in Riyadh. The Saudi government aims to boost home ownership among citizens from 50 percent to 60 percent. (Shutterstock)

June 14th, 2018 - 06:45 GMT

Fixed-Rate Mortgages to Boost Saudi Arabia’s Home Ownership

Saudi Arabia's King Salman lays the foundation stone at the Qiddiya entertainment park near Riyadh on April 28, 2018. (Courtesy of SPA)

April 29th, 2018 - 10:05 GMT

Saudi Arabia Launches Qiddiya, a Multi-Billion Dollar Entertainment Resort

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)

April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan