Saudi Edition 
Egypt Edition 
UAE Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
ENERGY-
Ma’aden to tap solar power for its Al Baitha mine: Ma’aden Bauxite and Alumina Company, a Ma’aden subsidiary, signed a 30-year power purchase agreement with Emerge, a JV between Masdar and EDF power solutions, to build a solar power plant for the Al Baitha Bauxite Mine, according to a press release (pdf).
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
More details: The off-grid facility will include an 8 MW solar array and a 30 MW battery system and is expected to generate about 17.3k MWh of capacity annually and cut 13.8k tons of CO2 emissions. This will allow the mine to run almost fully on renewable energy.
DEBT WATCH-
Amlak International Finance Company secured SAR 250 mn in a shariah-compliant loan from Emirates NBD KSA, it said in a disclosure to Tadawul yesterday. The four-year facility — backed by receivables assignments and a promissory note — will support Amlak’s operations and boost finance to clients.
REAL ESTATE-
The National Housing Company opened registration of interest for its new residential project Wahaj, located south of Riyadh, it said on X yesterday. The 270k sqm project will include 956 villas and townhouses of different sizes, with access to main roads and nearby services, according to the project’s page.
STARTUP WATCH-
Riyadh-based mobile gaming studio Sheba Joy raised around SAR 1.1 mn in a pre-seed funding round led by Merak Capital, according to a press release published yesterday. The company will use the fresh funds to expand production capacity, attract talent, and develop commercial games.
About Sheba Joy: Established in 2021 by Ebrahim Al Hossam (LinkedIn) and Faisal Al Hamed (LinkedIn), the gaming studio also has a UAE office and a creative studio in India, in addition to the Riyadh headquarters. Using talents from both regions, the company has created mobile games such as Ludo Chat and Town Stars.
EDUCATION-
Third-year secondary school students will be studying tourism and hospitality, after the National Curriculum Center added them as subjects in collaboration with the Education Ministry and Tourism Ministry, the Saudi Gazette reported on Tuesday. The curriculum uses a self-training approach to teach basic concepts and practical skills in these fields, covering topics such as the Kingdom’s tourism resources, careers in the sector, marketing, sustainable tourism, and innovation.
