Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports.
Saudi Arabia announced that it will lower the required minimum assets under management for qualified foreign institutions starting this month, according to Bloomberg and a statement by the Saudi Capital Markets Authority (CMA).
The Royal Embassy of Saudi Arabia in Washington is working to organize a visit by crown prince Mohammed bin Salman to the United States in early March, the first trip to the U.S. since he became crown prince last year, according to reports.
The Saudi Citizen Account Program – which provides economic support to nationals – has handled 144,965 documents proving applicants eligibility for payments since its launch in February 2017, according to the SPA and Arab News.
A recent report by international real estate company Jones Lang LaSalle said that 2018 would be a "year of implementation" for Saudi Arabia following a historic 2017 in which Saudi Arabia saw great social and economic change.