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Solar megaproject in order to pitch UAE among the world’s major renewable players.

The United Arab Emirates’ (UAE) planned 2GW solar megaproject in order to pitch the nation among the world’s major renewable players. Emirates Water & Electricity Company (Ewec) issued the tender for the project shortly after completing the largest solar project in the world, the 1.17GW Sweihan solar project in Abu Dhabi, international renewable energy developers […]

Kuwait attracted around $ 3.2 billion in direct investment

Kuwait attracted around $ 3.2 billion in direct investment between January 2015 and the end of March 2019. In its annual report for the fiscal year, between April 2018 and March 2019, the Kuwait Direct Investment Promotion Authority (KDIPA) revealed that investments during the period totaled almost KD156 million ($ 514 million). According to the […]

Saudi Aramco starts what could be world’s biggest IPO …

Saudi Arabia has approved the initial public offering (IPO) of the state-owned oil company Saudi Aramco. Only 1% to 3% of the company’s total will be launched to the Saudi stock market. But the large group size, which is estimated to be at least 50% larger than the next largest listed company in the world, […]

Saudi Arabia – Brazil boost investment ties

President´s Brazil Jair Bolsonaro’s upcoming visit to Saudi Arabia demonstrates Brazil’s interest in strengthening economic cooperation and maintaining high-level relations with one of the world’s leading countries. The visit will contribute to the expansion of Saudi investments in Brazil, in sectors such as infrastructure, defense, innovation, energy and agribusiness, as well as encourage Saudi participation […]

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