Saudi Arabia Secures SAR35 Billion in Investments for Green Supply Chains; DEWA Reviews Work of Mohammed bin Rashid Al Maktoum Solar Park and More...
On the second day of the 28th World Investment Conference, nine landmark investment agreements worth over SAR35 billion were announced, highlighting Saudi Arabia’s commitment to fostering digital transformation and sustainable growth. The conference, held under the theme “Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities,” is organized by Invest Saudi in collaboration with the World Association of Investment Promotion Agencies.
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity & Water Authority - DEWA has reviewed the progress of the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is being developed based on the Independent Power Producer (IPP) model. The project, with investments reaching up to AED 5.5 billion, is set to further solidify the Solar Park’s position as the largest single-site solar park in the world.
Al Masaood Energy , one of the first established oil and gas contractors in the UAE, has signed a partnership agreement with TotalEnergies to implement a 2.5 megawatt (MW) solar project in its Mega-Base development in the Industrial City of Abu Dhabi (ICAD II)”. TotalEnergies will deliver a tailored solution to optimize energy use and reduce emissions.
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City Centre Bahrain, a leading shopping, entertainment, and lifestyle destination, in collaboration with Yellow Door Energy , a sustainable energy partner for businesses across the Middle East and Africa, has officially commissioned a 4.7-megawatt-peak (MWp) solar power plant at the mall. The project, supported by a Power Purchasing Agreement (PPA), allows for a seamless transition to clean electricity without any upfront capital costs. This initiative is part of Majid Al Futtaim’s broader sustainability commitment.
The Sharjah Electricity, Water and Gas Authority (SEWA) has announced the launch of several projects aimed at enhancing electricity networks across the central region, with a total investment of AED 20,409,404. The projects are set to improve the region’s energy infrastructure during the first half of this year.