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As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)

March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Saudi Arabia is set to float tenders for the construction of a 600 megawatt (MW) solar power project in the city of Makkah in bid to cater to the increasing demand for electricity and clean energy from a booming population.

Under the Solar Power Project Plan 2030, the Kingdom expects to produce 200 gigawatts of the solar power by 2030. (Shutterstock)

April 2nd, 2018 - 06:21 GMT

Saudi Arabia Unveils Plans to Build Major Solar Power Exporter

Vice President and Finance Minister of Switzerland Ueli Maurer arrived in the Saudi capital with a high-level delegation of Swiss bankers and diplomats to hold talks with senior Saudi officials/AFP

February 18th, 2018 - 10:10 GMT

Swiss Financial Trip to The Gulf Region

The stock market flotation of Saudi Aramco is expected to be the world's largest ever initial public offering. (AFP)

February 5th, 2018 - 11:24 GMT

Saudi Aramco’s IPO: A Central Pillar in Saudi Arabia's Great Game

The city of Riyadh. (shutterstock)

August 3rd, 2017 - 07:29 GMT

Will Saudi Arabia’s New Tourism Project Feature Bikini-Clad Women?

Nearly 100 years have passed since Saudi Arabia’s founder King Abdulaziz first urged Saudi citizens to start investing in oil-giant company Aramco. (Alriyadh)

May 7th, 2017 - 06:00 GMT

Saudi Arabia's Founding Father Foresaw Aramco’s Value 100 Years Ago

The new entertainment city will contribute to diversify the sources of national income, boost Saudi economy and create more employment opportunities for young people. (AFP)

April 9th, 2017 - 07:30 GMT

Saudi Arabia gears up for giant entertainment city in tourism push

The Deputy Crown Prince refused to be drawn into comments about the US presidential candidate Donald Trump. (File photo)

April 7th, 2016 - 09:42 GMT

Saudi's National Transformation Plan: The Bloomberg interview with Deputy Crown Prince Muhammad Bin Salman, in full

Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.

March 24th, 2015 - 08:27 GMT

'Positive restructuring': Saudi Arabia reshuffles powers of finance ministry

Saudi Arabia is planning a big investment in the rail industry

December 16th, 2012 - 12:56 GMT

Saudi Arabia spending big on rail projects