Desert Technologies to build 5GW solar cells and modules plant in Saudi Arabia
Desert Technologies (dt), an independent solar and smart infrastructure holding company focused on manufacturing and sustainable investment, recently announced plans to establish a 5GW solar module manufacturing base in the third industrial zone in Jeddah on the west coast of Saudi Arabia.
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Al-Jouf region sees snow
The Saudi Press Agency reported that the snowfall was part of a larger weather pattern that included heavy rains, hail, and the creation of waterfalls, which revitalized the typically dry valleys. -
Largest Red Sea sea turtle nesting site discovered
Saudi Arabia, represented by the General Organization for the Conservation of Coral Reefs and Marine Turtles in the Red Sea (SHAMS), has announced the discovery of the largest sea turtle nesting site in Saudi waters, located at the Four Sisters Islands in the Red Sea. -
Saudi hosts first meeting of “International Alliance to Implement the Two-State Solution”
Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, inaugurated the first meeting of the Global Alliance for the Implementation of the Two-State Solution. Announced by the Kingdom last month in collaboration with its international partners to advance practical efforts towards peace. -
Luxury island destination Sindalah is first NEOM project to open to guests
Situated to Saudi Arabia’s northwest, five kilometers off the coast, the luxury resort of Sindalah spreads itself out across over 9 million sqft. Its position at the top of The Red Sea ensures this new destination is only 17 hours by sea from key Mediterranean ports.
More From SUSTG
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8th Future Investment Initiative wraps in Riyadh
Global business, technology and financial leaders have converged on the Saudi capital for the annual Future Investment Initiative (FII) summit, an opportunity for attendees to forge relations with some of Saudi Arabia's biggest companies and its $925 billion sovereign wealth fund. -
Aramco’s Wa’ed Ventures allocates $100 million for early-stage AI investments
Wa’ed Ventures, the $500 million venture capital fund wholly owned by Aramco, announces earmarking $100 million for early-stage AI investments, a bold move to support positioning the Kingdom as a global AI hub. -
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Inexpensive solar panels are super-charging renewable energy growth
Solar PV and wind additions are forecast to more than double by 2028 compared with 2022, continuously breaking records over the forecast period to reach almost 710 GW. -
IMF World Economic Outlook releases KSA forecasts for ’24 and ’25
The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate to 4.6% next year in its latest World Economic Outlook Report released on Tuesday. -
Saudi Finance Minister makes strong case for multilateralism at IMF, World Bank meetings
Saudi Minister of Finance and Chair of the International Monetary and Financial Committee (IMFC), Mohammed Aljadaan, participated in Macro Week at the Peterson Institute for International Economics (PIIE), held on October 21, 2024 on the sidelines of the 2024 IMF and World Bank week.
