RIYADH: Investment ministers from Saudi Arabia and Oman were given a tour of one of the largest private industrial cities in the Middle East in a move to highlight the Kingdom’s clean energy projects.
Saudi-based Alfanar Global Development, a major player in renewable energy, water, oil and gas, has signed SR2 billion ($532 million) deals with Arab Organization for Industrialization and Benya. It had earlier been part of a 50MW solar park in Cairo.
RIYADH: Saudi Arabia’s Alfanar Global Development has signed agreements worth SR2 billion ($530 million) with Egypt’s Arab Organization for Industrialization and Benya Holding Group. The new investments happened on the sidelines of Crown Prince Mohammed bin Salman’s visit to Egypt. According to the press release, these agreements are focused on localization of technology for