Egypt has signed deals worth $1.8 billion with Chinese and Norwegian companies as it aims to localise its renewable energy sector.

Iraq has suffered from power shortages and has plans to take electricity from its Gulf neighbours

The Roshn giga-project, one of Saudi Arabia’s largest developers, now sells most of its units through its mobile application, the latest sign of growth in app-based property transactions in the region.

Saudi Arabia’s largest listed developer has announced an agreement to build two Trump-branded projects in Riyadh with a combined value of $10 billion.

Saudi Arabia’s drive to sharply expand its water desalination capacity is drawing growing interest from private operators and financiers, as the kingdom targets an increase in capacity of more than 40 percent by 2030.

Senior officials from Saudi Arabia and Peru held virtual discussions last week about opportunities to jointly tap into 5 million tons of lithium reserves in the Andean country’s southern Puno region. Alamy via Reuters | A lithium worker in Argentina. The soft metal is a vital ingredient of EV batteries Saudi to grow EV manufacturing Lithium is critical to batteries Talks with Peru, Argentina and Chile This is the latest chapter in the kingdom’s all-of-the-above pursuit of the

Saudi Arabia’s Public Investment Fund is expanding its US footprint by backing a proposed skyscraper in New York City. Alamy/Clare Jackson via Reuters Connect Sightseers take photos of the towers that encircle Central Park in Manhattan. The PIF-backed skyscraper will be 1,200 feet tall The PIF is taking a two-thirds stake in a development site near Central Park, the Wall Street Journal reported. The 1,200-foot office building is being built in partnership with US real estate

Abu Dhabi developers have embarked on an arduous quest, seeking specialist contractors to build theme parks and other entertainment destinations. Alamy/Del Jones Photography via Reuters Connect The Mission Ferrari ride at Ferrari World – one of several theme parks on Abu Dhabi's Yas Island Theme parks planned for Yas Island Aldar: ‘Challenging to find right partners’ Miral sets July deadline for Potter tender The emirate’s project pipeline includes Disneyland Abu Dhabi and a

Its managers and designers say it is the human society of the future, but others might see in it a dystopian vision of life shielded in a glass box from an uninhabitable world. Cityscape Global | Neom used virtual reality to give curious visitors a sense of what The Line will look like New collaborators announced Virtual reality demonstrations Based on walkability Leading figures behind the Neom city The Line – the boldest of Saudi Arabia’s $1.25 trillion giga-projects – made

Saudia Airlines’ electric jet plane is the first step towards zero-carbon commercial flights in medium-sized planes, according to its German manufacturer Lilium. Saudia Group | Lilium's Daniel Wiegand meets Saudia Group director Ibrahim Al-Omar at the launch event Saudia unveils Lilium jet Long-term collaboration plan First service expected in 2026 Daniel Wiegand, co-founder and chief engineer for innovation at Lilium, said both parties were looking beyond the initial sale o

Chinese fashion retailer Shein, which is backed by the Abu Dhabi sovereign wealth fund Mubadala, is courting European investors before an initial public offering on the London Stock Exchange. Reuters/Edgar Su | A Shein pop-up store at a mall in Singapore, where the company now has its headquarters China’s Shein to seek LSE listing Fashion retailer valued at $66bn Mubadala invested in Shein in 2023 Shein is due to hold informal meetings to answer questions and test the investm

Understand how all the application steps work Due Diligence: Within two working days, you will receive a due diligence with the following options: a) Project Viable:  This initial approval indicates that the project has the conditions to become the guarantee itself. b) Project Requires Changes:  This request is accompanied by information for structuring the project. The investment applicant can make the changes themselves, free of charge, or choose to hire a consultancy speci

In this section, we will give a comprehensive presentation of how the Letter of Intent (LOI) associated with the Memorandum of Understanding (MOU) works. This content is intended for the general dissemination of knowledge. It should be noted that this document is subject to modification according to each proposal, sector, jurisdiction, etc. The purpose of sharing this translated information is to provide the "Applicant" with an improved understanding, preparing it for future

By means of a qualified and approved model, we seek to facilitate the understanding and presentation of your request to the investment fund. This content is intended for general knowledge, and it should be noted that this document may be modified in accordance with the particularities of each proposal, segment, country, among others. The MOU (Memorandum of Understanding) is commonly requested in situations involving: Concessions; Public-Private Partnerships; Changes in the co

Saudi Arabia will provide $55 million financing for the development of an airport project in The Bahamas that will more than double its capacity. Unsplash.com/Niklas Jonasson | The Saudi funding aims to more than double North Eleuthera International Airport’s operational capacity The project aims to expand North Eleuthera International Airport’s operational capacity from 300,000 to 700,000 visitors annually, the state-run Saudi Press Agency reported. The expansion will gene