RIYADH: Saudi Arabia’s mega projects helped fuel SR94.5 billion ($25.15 billion) in contracts being awarded in the first half of 2022, according to the latest report released by the US Saudi Business Council. This represented an 88 percent year-on year rise. The total value of projects awarded during the second quarter reached SR48.6 billion, while in the first quarter it
Renewable energy projects in the Gulf region are facing “significant delays” that could further slow down the production and export of green hydrogen, according to Moody’s Investors Service. A new report by the firm warns that while countries are working on producing zero-carbon green hydrogen, as well as low-carbon blue hydrogen, achieving this on a large scale will be
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