Industry

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What role will renewable energy play in Saudi Arabia’s energy mix in the near future?

The first foreign visit of US President Donald Trump’s term saw business leaders from Saudi Arabia and the US signing nearly $400bn worth of agreements and deals. These commercial agreements were designed to foster mutual benefits and investments in both countries. King Salman bin Abdulaziz Al Saud met President Trump just over a year after the...

 

How will the gradual phase-out of electricity subsidies affect electricity consumption patterns?

Increased investment in Saudi Arabia’s mining sector looks set to lift its GDP contributions, as part of an accelerating push to diversify the economy under the Vision 2030 development plan. On April 24, 2017 Prince Khalid Al Faisal Al Saud, the governor of Makkah, formally opened a new gold mine and processing plant – the Ad Duwayhi mine, owned and...

Large-scale renewable energy investments, and new rules specifying how much revenue from Saudi Aramco must be spent on domestic content, are set to drive manufacturing growth. Creating a local supply chain is at the heart of plans to install 3.5 GW of renewable energy capacity by 2020, while the In-Kingdom Total Value Add (IKTVA) programme adopted...

 

At Saudi Technology Development and Investment Company (TAQNIA) aviators and engineers, who are the beneficiaries of Saudi Arabia’s investments in defence and education, are making plans for the future of the Kingdom’s aerospace industry. TAQNIA, which was formed by royal decree in 2011 as a branch of the Public Investment Fund, is drawing on...

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