Saudi Arabia strategic Projects: news, discussions & updates

[The SC]

Minister of Economy and Planning, Faisal Al-Ibrahim, spoke to CNBC about the Saudi economy and Saudi relations with China and the United States. He also touched on the most prominent local and global economic developments.

 

[The SC]

Japanese “Mizuho” obtains a license from the #Saudi Ministry of Investment to establish a regional headquarters for the bank in #Riyadh, according to Bloomberg, according to people familiar with the matter.

 

[The SC]

Jazan exports more than 11 thousand tons of steel alloy material to Italy.

اقتصادي / جازان تصدر أكثر من 11 ألف طن من مادة سبك الحديد الصلب إلى إيطاليا

جيزان 20 ذو الحجة 1445 هـ الموافق 26 يونيو 2024 م واس صدّرت مدينة جازان للصناعات الأساسية والتحويلية، عبر مينائها أمس، أكثر من 11 ألف طن من مادة سبك الحديد الصلب " Pig Iron "، إلى جمهورية إيطاليا. وتعد مادة "سبك الحديد الصلب" من المنتجات النوعية التي تم إنتاجها من مصنع شركة "الصناعات...

spa.gov.sa

#SPA_Economic

 

[The SC]

Minister of Economy We are halfway through Vision 2030
We now stand on the “cusp of a new economic era” that will witness dramatic transformations over the coming decades

Non-oil activity represents 51% of real GDP

 

[The SC]

China has become the largest consumer of oil from Saudi Arabia , accounting for more than 20% of the Kingdom's oil exports.

 

[The SC]

Signing of the largest single contract in the world to manufacture and supply 80 environmentally friendly electric trucks to King Abdulaziz Port in eastern Saudi Arabia between the Saudi International Ports Company and the Chinese Sany Company.

https://www.sany-trucks.com/web/sany-trucks

 

[The SC]

World's Largest Industrial Gas Complex in Jazan, Saudi Arabia​

 

[The SC]

Saudi Arabia is building the most modern gas stations in the world to generate electricity using the combined cycle system

The Kingdom of Saudi Arabia is working to build the largest and most modern gas stations to generate electricity using the combined cycle system, in the world, in the western and central regions of the Kingdom.

The German energy company Siemens said on Monday that it had received an order from Saudi Arabia for a period of 25 years to develop two electricity generation plants with a total value of $1.5 billion.

Siemens Energy won the deal to supply the Taiba 2 and Al-Qassim 2 stations with integrated technologies and technological solutions, including gas turbines, steam turbines and generators to produce 4 gigawatts of electricity, in addition to signing a long-term maintenance contract extending for 25 years for the two stations.

It explained that the Taiba 2 and Qassim 2 stations, which are among the largest and most efficient combined cycle power plants in the world, will initially be connected to the grid in a simple cycle in 2026, and will be operated permanently in a combined cycle in 2027.

The two gas plants are expected to achieve a reduction in carbon dioxide emissions of up to 60% compared to traditional oil-fired power plants.

On the other hand, General Electric Vernova, listed on the New York Stock Exchange, said that it had received an order to supply 8 gas turbines to SEPCO 3 Electric Power Construction Company Limited in Saudi Arabia.

The new turbines will be used to generate electricity in the “Taiba 1” stations located in the western region of the Kingdom, and “Al-Qassim 1” stations located in the central region.

The two plants are expected to be among the most efficient power plants in the Kingdom and to supply the national grid with a total capacity of 3.8 gigawatts of electricity.


https://www.alarabiya.net/aswaq/oil...5-مليار-دولار-لتطوير-محطتي-كهرباء-في-السعودية

 

[The SC]

New agreements between the Kingdom of Saudi Arabia and the People's Republic of China​

New agreements between the Kingdom of Saudi Arabia and the People's Republic of China worth $25 billion!
Its details

The agreements were signed on Tuesday, December 12 2023
Cities infrastructure
Advanced manufacturing
60 new agreements included
- Key sectors such as energy
- Advanced agriculture
- Tourism industry
- Mining industry
- Financial services technology
- Logistics services
- Technology and healthcare industry.
- Digital economy - artificial intelligence
- Special economic zones
.- In the field of information and communications technology

An agreement worth $8.5 billion was signed between the Saudi Electronic Sports Federation and the Chinese startup VSPO, to promote new opportunities in electronic sports.

Ajlan & Brothers Holding Group Company cooperated with Oriental Energy Company to explore areas of cooperation in the manufacturing sector worth $7.5 billion.

A $2 billion energy agreement was signed between the Saudi Ministry of Investment and China's CRRC Group to develop $2 billion worth of renewable energy and sustainable mobility opportunities in the Kingdom.

 

[The SC]

Defense strategic partnership
I met with His Excellency the Minister of Defense of the People's Republic of China, Lieutenant General Dong Jun.

We reviewed Saudi-Chinese relations and ways to enhance them within the framework of our strategic defense partnership. In a way that serves our interests and achieves the aspirations of the leadership of our two countries, we discussed our joint coordination efforts to maintain international peace and security.

@kbsalsaud·

 

[The SC]

NEOM awards $1 billion contract to Oxagon Port.

NEOM Saudi Arabia awarded a design and construction contract worth 4 billion Saudi riyals ($1 billion) to deliver the infrastructure and construction works for Terminal 1 of the port in the Oxagon Industrial City development.

 

[The SC]

In a report from ArmyRecognition following the success of its second edition in February 2024 in the Kingdom , the 2026 World Defense Expo recorded significant early demand from international exhibitors, with 50 percent of the event’s floor space already sold to exhibitors 20 months in advance.

⁃The third edition of the World Defense Exhibition (WDS) is scheduled to be held from February 8 to 12, 2026, in Riyadh, Saudi Arabia, and expects greater demand from exhibitors, visitors and delegations.

 

[The SC]

Saudi International Ports and Sany Heavy Industries Company conclude a historic deal for electric trucks.

Details behind it?

⁃This contract represents the largest single order for electric trucks ever signed by Sany Heavy Industries.

⁃With the addition of these 80 electric trucks, King Abdulaziz Port will become the largest port in the Middle East operating such a huge fleet, enhancing its green logistical capabilities and operational efficiency.

⁃The agreement was formalized by SGP CEO Edward Tah and SANY Marine CEO Jeff Fu during the Transport Logistics China 2024 event.

 

[The SC]

Due to the success of one of the Kingdom’s tributaries, “digitization,” Saudi digital technologies are spreading around the world through partnership agreements , the most recent of which is with Brazil .

- A partnership agreement was signed with the Brazilian government; To apply smart Saudi digital technology to plant trees in the Brazilian city of Jataí

- It was technically registered to calculate the carbon emission from the Saudi Net Zero Company (one of the Sidra Programme companies) affiliated with the Ministry.

This memorandum is an important turning point in international cooperation to preserve the environment, achieve sustainable development, and develop the entrepreneurship system, through transferring Saudi technology to Brazil.

- It will contribute to stimulating the exchange of knowledge and technology and the transfer of expertise between the Kingdom and Brazil

 

[The SC]

The Trump Organization has revealed plans to build and develop the luxury Trump Tower in Saudi Arabia. The new tower will be built in Jeddah, and will be developed in cooperation with “Dar Global,” the international arm of the giant Saudi development company “Dar Al Arkan.”