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  • Saudi Arabia Needs to Invest Hundreds of Billions of Dollars for Power by 2030

    Saudi Arabia will need to attract investment in the hundreds of billions of dollars this decade to expand renewable energy and natural gas-fired electricity to meet its generation capacity targets, according to the head of Riyadh-based ACWA Power Co.

    The project will require building 60 to 80 gigawatts of power plants using renewable sources like wind and solar and about 30 GW of gas-fired plants, ACWA Power Chief Executive Officer Marco Arcelli said in an interview in the Saudi capital. ACWA Power is mandated to take part in developing 70% of Saudi Arabia’s renewable energy needs.

  • Transformative power of innovation at Athar – Saudi Festival of Creativity

    Motivate Media Group and TRACCS, organisers of Athar – Saudi Festival of Creativity has unveiled a four-day programme. It will be held from 13 to 16 November 2023 at the Hotel Crowne Plaza Riyadh. The announcement was made in the presence of key representatives from Saudi Conventions & Exhibitions General Authority (SCEGA), a strategic partner, and MBC Media Solutions (MMS), a co-partner of the festival. It aims to be a new event that celebrates and nurtures creativity in the Kingdom.

  • Saudi Defense Sector Makes Strides in Air Power

    During the IDEF arms exhibition in Istanbul in late July, Saudi autonomous system maker Intra Defense Technologies signed a licensing agreement with Turkish aerospace company ESEN granting the latter manufacturing and selling rights for the Saudi-designed ASEF-I unmanned aerial vehicle. In early August, Saudi Arabian Military Industries, a wholly owned subsidiary of the Saudi Public Investment Fund, signed a localization agreement with Turkish drone company Baykar to manufacture its advanced drones in Saudi Arabia. Riyadh made headlines again in mid-August by expressing interest in becoming a full partner in the Global Combat Air Programme, a British-Italian-Japanese initiative to develop a sixth-generation fighter aircraft. The considerable scale and accelerating pace of Saudi aerospace deals underscore air power’s integral role in shaping Saudi military doctrine and economic planning.

  • Powerful Earthquakes Kill More Than 2,400 in Afghanistan: ‘This Is a Huge Disaster’

    Rescue workers are searching for survivors in western Afghanistan after powerful earthquakes killed at least 2,445 people and injured thousands more, in one of the deadliest seismic disasters to hit the country in recent decades. Two magnitude-6.3 earthquakes struck western Afghanistan on Saturday near the city of Herat, destroying more than 1,300 homes, said Janan Sayiq, a spokesman for the country’s disaster-management authority. Some 2,400 people were injured, he said, revising down an earlier figure of more than 9,000.

  • The Rise Of Nuclear Power In The Middle East

    The Middle East region is expressing increasing interest in developing its nuclear energy industry as the UAE and Saudi Arabia both announce new nuclear power projects. Several governments around the globe are showing renewed interest in low-carbon nuclear power as a means of shifting their reliance away from fossil fuels and supporting the security needs of growing populations while undergoing a green transition.

  • Saudi influence in Newcastle: A story of property, prosperity and power

    “It’s an investment in the region full-stop,” says Simon Chadwick, professor of sport and geopolitical economy at SKEMA Business School. “Abu Dhabi has demonstrated that investing in a football club is not just about football alone; it’s about civic engagement and infrastructural development. What I think we’ll see is PIF serving as the conduit for other Saudi Arabian investments, not just in Newcastle but in the North East more generally.”

  • Perspective: Saudi Arabia, a multi-aligned power

    For Jennifer Kavanagh and Frederic Wehrey, the Sino-Saudi partnership is limited to the economic sector. Beijing has tried a similar strategy of sharing its military technology in the region, but does not provide much direct military assistance to Middle Eastern countries. Chinese arms sales account for less than 5 per cent of the region's total. However, China does offer cheap and unconditional access to some of its cutting-edge technologies, mainly drones and precision-guided missiles, to customers who cannot obtain these systems from the US.

  • Opinion: What my interview with Saudi Crown Prince Mohammed bin Salman reveals about the power of democracy

    It was clear to me during my visit that the Saudis preferred to shift the focus to their booming economy and increasingly prominent role in the world, as the second fastest G20 economy. The Kingdom’s economic success, including its recent foray into sports, is heralded by many as a sign of its modernization and potential. But once again, surrounded by the gleaming evidence of economic growth, I was forced to reflect about the differences in our systems.

  • The MENA Power List 2023: Brand strategies to resonate with Saudi audiences

    Campaign Middle East recently covered industry movers and shakers from the advertising, marketing and creative space for our MENA Power List 2023 issue and there was a strong sense of optimism about the region’s landscape for marketers to flourish.

  • Saudi Arabia Forms Joint Venture With Greece To Link Power Grids

    The new company, Saudi Greek Interconnection, joins Greece’s IPTO and Saudi Arabia’s National Grid, each with a 50% stake. Greece’s energy mix is already 40% renewable, and the country is seeking to boost this further, while lowering costs. To that end, Greece is also seeking to build an undersea cable that will link its grid to Egypt for renewable energy.