Saudi Arabia

Saudi Arabia to invest $220 billion to develop Riyadh

Fahd bin Abd Al-Mohsen bin Saleh Al-Rasheed, CEO of the Royal Commission for Riyadh City (RCRC), announced on January 28th, 2021, that the Saudi government will invest $220 billion in projects to develop Riyadh over the next ten years. The Saudi Crown Prince, Prince Mohammed bin Salman, had previously announced a plan to make Riyadh …

Saudi Arabia to invest $220 billion to develop Riyadh Read More »

Saudi Arabia to produce 50% of its electricity from renewables

The Saudi Minister of Energy announced that the Kingdom aims to produce 50% of its electricity from renewable energy by 2030. The Minister of Energy said that the Kingdom will soon announce a project to produce electricity from solar energy, at the lowest cost per KW. He explained that the KSA aims to produce 50% …

Saudi Arabia to produce 50% of its electricity from renewables Read More »

Russia is ready to coop with the US in Saudi Arabia

Russian state-owned company “Rosatom would be ready to cooperate with partners from the United States, Europe and Asia; to build a nuclear power plant in Saudi Arabia”, said Alexei Lekhachev, CEO of Rosatom, on Monday (October 14th). Earlier this year, Saudi Energy Minister Prince Abdul Aziz bin Salman stated that the country plans to start …

Russia is ready to coop with the US in Saudi Arabia Read More »

Saudi-Korean cooperation in small nuclear reactors

The South Korean government has agreed with Saudi Arabia to strengthen cooperation for the development of small-sized nuclear reactors known as “Smart”. According to the Ministry of Science and Information and Communications Technology of South Korea, it signed with King Abdullah City for Atomic and Renewable Energy (K.A CARE) of Saudi Arabia a Memorandum of …

Saudi-Korean cooperation in small nuclear reactors Read More »

International competition to build two nuclear power plants in Saudi Arabia

The Russian State Atomic Energy Corporation “Rosatom” has entered an international competition, to build two nuclear power plants in Saudi Arabia, with leading international companies, according to Rosatom’s executive vice president Kirill Komarov. “We have submitted a bid for the construction of two nuclear power plants in Saudi Arabia, and we are competing with other …

International competition to build two nuclear power plants in Saudi Arabia Read More »

wind power

Saudi Arabia achieves the most competitive tariff for wind power generation

The Ministry of Energy, Industry and Mineral Resources of Saudi Arabia has announced that the Kingdom has achieved the most competitive price in the world in wind power generation. The price of implementing the project of “Dumat Al-Jandal” to generate wind power with a capacity of 400 MW has set a new world record for …

Saudi Arabia achieves the most competitive tariff for wind power generation Read More »

Rosatom proposed the VVER-600 reactor to Saudi Arabia

At the end of 2017, Russia and Saudi Arabia signed a roadmap on cooperation in the field of the peaceful atom. The agreement was concluded between the State Corporation Rosatom and the King Abdullah Nuclear and Renewable Energy Research Center. On July 15th, during the meeting of the intergovernmental commission, Rosatom proposed to Saudi Arabia …

Rosatom proposed the VVER-600 reactor to Saudi Arabia Read More »

Launching the second phase of renewable energy program in Saudi Arabia

Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has launched the second phase of the Kingdom’s renewable energy program to produce more than 1,400 MW. The second phase includes six projects divided into two categories: the first includes two solar power plants projects in Rafhaa, to generate 20 MW, and Medina, for the generation …

Launching the second phase of renewable energy program in Saudi Arabia Read More »

China’s Silk Road Fund invests in Saudi’s ACWA Power

Saudi Arabia’s “ACWA Power”, which specializes in the development, ownership and operation of power plants and desalination plants, has signed an agreement with China’s “Silk Road Fund” to be a partner and shareholder in ACWA Power Renewable Energy Holding Limited, the ACWA Power renewable energy platform, taking advantage of the potential for rapid growth of …

China’s Silk Road Fund invests in Saudi’s ACWA Power Read More »

Saudi Arabia’s first nuclear reactor

Saudi Arabia is about to inaugurate its first nuclear reactor with Argentina. The company Invap, a property of the Government of Argentina, has been working for some time in this reactor, located in the King Abdelaziz City for Science and Technology, a complex installed in 1977 in the outskirts of the capital, Riyadh. The ambassador …

Saudi Arabia’s first nuclear reactor Read More »

Scroll to Top