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Saudi Arabia to spearhead green development vision with forum during COP28

Saudi Arabia to spearhead green development vision with forum during COP28
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

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Investment Worth SAR21 Bln to Rapidly Develop Workforce Residential Communities at NEOM

NEOM announced on Tuesday that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will house the region’s growing workforce. The agreement amounts to a total value of over SAR 21 billion, making it one of the largest international public-private partnerships for accommodation. ....

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NEOM secures $ 5.6bn residential investments

NEOM, a mega project being built from the ground up as a living laboratory in in northwest Saudi Arabia on the Red Sea, has finalised contracts with investors for the first phase of its residential communities’ expansion.
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EDF, Masdar team break ground on 300MW Saudi solar

A consortium of Masdar, EDF Renewables and Nesma Company has reached financial close and started construction on a 300MW solar farm in Saudi Arabia.
The plant, located near Jeddah, secured the project from Saudi Arabia’s Ministry of Energy after submitting the most cost-competitive bid of $16.24 a megawatt-hour, EDF said.
The consortium signed a 25-year Power Purchase Agreement (PPA) with Saudi Power Procurement Company in January.
Under the terms of the PPA, the consortium design, finance, build and operate the plant, which will be located in Third Jeddah Industrial City, 50km south-east of Jeddah.
The plant will begin operations in 2022. ....

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Abu Dhabi's Masdar consortium to start work on 300MW Saudi project

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