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  • Empowering Saudi Arabia’s private sector is at the heart of everything PIF does

    That is why PIF puts empowering Saudi Arabia’s private sector at the heart of everything we do, and why this week, over 4,000 private sector representatives from across the Kingdom representing a diverse range of sectors came together with more than 50 PIF portfolio companies, government ministers and senior PIF executives. For us, it was an exciting opportunity to engage with corporates and small and medium enterprises who want to grow their businesses, and ensure that the private sector has visibility and access to the opportunities that PIF is creating. For the attendees from the private sector, it was a venue to connect with PIF portfolio companies representing multiple billions of riyals of future domestic procurement opportunities. The Private Sector Forum is the latest PIF initiative dedicated to empowering the private sector; it is an extension of the fund’s efforts to champion the private sector, build a more resilient domestic economy, and increase local content across its portfolio companies to 60 percent by 2025.

  • How PepsiCo’s Tamakani initiative is empowering Saudi women

    Aamer Sheikh, PepsiCo CEO Middle East, shares how the company’s women empowerment platform aims to support one million Saudi women by 2030

  • How floating solar farms can help the Middle East deal with water and power challenges

    Some studies suggest that the efficiency of FPVs is about 11% more than ground-mounted solar panels on average. The cooling effect of water and reduced panel temperature would be especially beneficial in the Middle East to counter increasingly common heatwaves and hotter-than-average days. Also, because of their placement over water, FPVs are less susceptible to dust deposition, meaning the panels remain cleaner for longer and, consequently, receive more sunlight on average than regular PV solar farms.

  • A CSIS Podcast – Babel: Powering Recovery: Reform, Reconstruction and Renewables in Conflict-Affected States in the Arab World

    This week on Babel, Jon Alterman speaks with the Middle East Program's Will Todman to break down Will's new report, Powering Recovery: Reform, Reconstruction and Renewables in Conflict-Affected States in the Arab World. They talk about how governments and politicians in conflict-affected states can actually benefit from broken electrical systems, what the United States and international donors miss when they ignore those dynamics, and how renewable energy can offer a better pathway forward for donors and conflict-affected societies in the region. Then, Jon continues the conversation with Lubna Yousef and Caleb Harper, diving into Lubna's chapter on Libya and her experience on the ground before and after the revolution, and what key lessons donors should take away from Will's report.

  • Interview: How PepsiCo’s Tamakani initiative is empowering Saudi women

    Launched in 2019, Tamakani is our official woman empowerment platform with the goal to empower one million Saudi women by 2030. PepsiCo has been continuously looking to inspire and guide women in the kingdom through the platform, and the name derives from the Arabic term that translates to “Enable”. At the heart of Vision 2030’s values and our intrinsic values; empowering women comes as a priority. We have firmly established Saudi Arabia as our home in the region for more than 65 years, thus, we aim to grow women’s participation in the job market and continue catering to the diversity and inclusion of women in the kingdom.

  • International Women’s Day: Top moments for Saudi Arabia’s empowered women

    In recent years, Saudi Arabia has taken incredible steps to empower women and promote gender equality. Under the Kingdom’s Vision 2030 plan – introduced by Crown Prince Mohammed bin Salman – the country aims to provide greater opportunities for women and implement several initiatives.

  • Saudi Arabia’s ACWA Power to build two solar plants in Uzbekistan

    Saudi Arabia's ACWA Power (2082.SE) will build two solar plants in Uzbekistan with a total capacity of 1.4 gigawatts and three power storage systems with a combined capacity of 1.2 gigawatts, Uzbekistan's Energy Ministry said on Saturday. The two parties have signed investment agreements on the project worth $2.5 billion and deals under which Uzbekistan will buy power from the facilities, the ministry said in a statement. Under the deal, ACWA will construct a 400 megawatt plant and a storage facility with the same capacity in Tashkent province, a 1 gigawatt plant and a 400 megawatt storage system in the Samarkand region, and 400 megawatts of storage in Bukhara province.

  • Saudis install glass barriers in mosques to save power

    Saudi Arabia has embarked on installing glass barriers and partitions in mosques across the country as part of efforts to save public money and conserve electricity use, local media reported. The project, also aimed at enhancing longevity of air conditioners and cutting maintenance costs, is underway in 589 mosques in different areas of the kingdom.

  • Saudi Arabia’s Acwa Power Eyes Three More Giant Hydrogen Plants

    Saudi Arabian energy company Acwa Power is planning to develop as many as three more green hydrogen plants on a similar scale to its vast project being built at Neom. Acwa has plans to develop two more projects adjacent to a $8.5 billion green hydrogen plant at Neom, a $500 billion new city on Saudi Arabia’s north-west coast, chief executive officer Paddy Padmanathan said in an interview. The company is also looking at another location, confident that demand for the fuel will rise as governments and companies accelerate plans to reduce their carbon emissions, he said.

  • Saudi ACWA Power signs $8.5bln financing for NEOM green hydrogen project

    Saudi Arabian utility developer ACWA Power, partly owned by the sovereign Public Investment Fund, has signed financing agreements for a total investment of $8.5 billion for the NEOM Green Hydrogen Project (NGHP), which is expected to be commissioned in 2026. The investment funded by a combination of long-term debt and equity was agreed with NEOM Green Hydrogen Company (NGHC), a joint venture between ACWA Power, Air Products and NEOM Company, with ACWA Power holding a 33.3% equity stake, the utility said in a statement on Riyadh's Tadawul exchange on Wednesday.