PIF + Acwa Power to develop utilities for real estate portfolio
ALSO: Mila Celebrations and Rodyan seal USD 5 mn partnership
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ALSO: Mila Celebrations and Rodyan seal USD 5 mn partnership
STC’s net income fell 11.5% y-o-y to SAR 4.1 bn
The agreements span financing, renewable energy, storage, and technology collaboration.
The financing saw secured from local, regional and international lenders
AND- Dar Global is setting up global HQ in Riyadh
Four MoUs on hydrocarbons and two on electricity, alongside an agreement with Acwa.
The plants, Rumah 1 and Nairyah 1, have a combined capacity of 3.6 GW
Projects include Saad 2 solar plant, Al Kahfa solar plant, and ArRass 2 plant.
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