Kingdom to invest SR500 billion in water, power projects
Published: May 14, 2012 00:29 Updated: May 14, 2012 01:36
DAMMAM: The power and water sectors are experiencing a massive boom in Saudi Arabia, said Deputy Minister for Water Affairs Mohammed Ibrahim Al-Saud. “The Kingdom is set to invest SR500 billion in these vital utility sectors in the next 10 years,” he said.
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Kingdom, Azerbaijan to tighten bonds
By RIYADH: MD RASOOLDEEN ARAB NEWS STAFF
Published: May 5, 2012 23:51 Updated: May 5, 2012 23:51
The Kingdom and Azerbaijan held talks here yesterday to strengthen their parliamentary relations.
Shoura Council Speaker Abdullah Al-Asheikh held the talks with Oktay Osdov, speaker of Azerbaijan’s National Council, at the Shoura Council's headquarters in Riyadh.
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Kingdom to invest $300m to link new cities to power grid
By ARAB NEWS
Published: May 2, 2012 00:57 Updated: May 2, 2012 00:57
JEDDAH: No less than 250 major companies from 13 countries have already confirmed their participation at Saudi Energy 2012, seeking to capitalize on aggressive energy-relative infrastructure investments in Saudi Arabia, including up to $300 million worth of projects that will link Saudi Arabia’s new economic cities to the national power grid. Moreover, the Kingdom has earlier unveiled plans to build six independent power plants to increase production capacity, including a thermal plant at the port of Yanbu on the Red Sea, with a capacity of 850 MW and a cost of $1.5 billion.
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US, KSA set to sign deals on renewable energy projects
By ARAB NEWS
Published: Apr 17, 2012 00:28 Updated: Apr 17, 2012 01:35
RIYADH: US Assistant Secretary of Commerce for Manufacturing and Services Nicole Lamb says the United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources.
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Foreign investments jump to $34 billion in 6 years
By ARAB NEWS
Published: Apr 16, 2012 02:14 Updated: Apr 16, 2012 02:14
DUBAI: Saudi Arabia is rapidly making head way in mobilizing FDI and making strategic investments in projects Kingdomwide. This follows the visionary policies of Custodian of the Two Holy Mosques King Abdullah, said Fahd Hamidaddin, head of strategic investments at King Abdullah Economic City, during a panel discussion hosted by the Capital Club Dubai on Friday night.
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KSA’s foreign assets to reach $705b in ’12
JEDDAH – Saudi Arabia’s real GDP is projected to record strong growth this year despite an expected drop in nominal GDP amid foreseen fall in oil prices, Jadwa Investment said in a study.
The report forecast that the Kingdom’s foreign assets would soar to an all time high of around $705 billion at the end 2012 from $634.8 billion at the end of 2011. It forecast them to post another record high of $738 billion at the end of 2013.
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Google holds 'Thought Leadership Arabia 2012' day in the Kingdom to discuss the power of the Internet
Saudi Arabia: Wednesday, March 21 - 2012
In association with Saudi Arabian General Investment Authority (SAGIA), Google held a thought leadership Arabia 2012 day in Riyadh gathering more than 120 top executives and government officials from the Kingdom.
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Kingdom likely to consume 450m barrels of oil for power production
By ARAB NEWS
Published: Mar 10, 2012 23:24 Updated: Mar 10, 2012 23:25
RIYADH: Saudi Arabian consumption of oil for production of electric power in 2012 is likely to touch 450 million barrels of oil equivalent at a cost ranging between SR14-SR18 billion at world prices, reported Al-Riyadh newspaper quoting oil and energy experts.
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Country Focus - On the Ground: The Kingdom of Saudi Arabia, the world’s oil and gas epicentre
The Kingdom of Saudi Arabia is the largest producer and exporter of petroleum liquids in the world and the second largest producer of crude oil after Russia. To date, its economy is highly dependent on oil and petroleum-related industries including petrochemicals and petroleum refining.
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Report: Full coverage from KSA Downstream Forum
The first Saudi Arabian Downstream Forum focused mainly on how downstream players could help create job opportunities and diversify KSA’s economy.
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Doing Business 2011
Economies are ranked on their ease of doing business, from 1 – 183. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm. This index averages the country's percentile rankings on 9 topics, made up of a variety of indicators, giving equal weight to each topic. The rankings are from the Doing Business 2011 report, covering the period June 2009 through May 2010
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