Saudi Arabia's ACWA Power International, one of the Kingdom's main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports.
An exclusive Reuters report reveals that Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, citing three industry sources.
Saudi Arabia has suspended the privatization plans for the Ras Al Khair desalination and power plant, valued at an estimated $2 billion, according to reports.
GE has deep roots and extensive business interests in Saudi Arabia. One of the gas turbines will be assembled fully at the GE Manufacturing Technology Center in Dammam, underlining GE’s commitment to localization.
A clip from SUSTG.com's recent FocusKSA discussion with Dr. Fahad al-Turki of Jadwa Investment highlights some challenges and opportunities in powering the Kingdom of Saudi Arabia.
With an estimated $112 billion in opportunities in Saudi Arabia’s nuclear sector international companies are actively positioning themselves contracts to build 16 reactors in the coming decades.
