{"id":104540,"date":"2026-01-25T00:00:00","date_gmt":"2026-01-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104540"},"modified":"2026-01-25T03:43:51","modified_gmt":"2026-01-25T03:43:51","slug":"sec-expands-rabigh-gbt-gets-pre-seed-funding-liv-golf-x-trump-club","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/25\/sec-expands-rabigh-gbt-gets-pre-seed-funding-liv-golf-x-trump-club\/","title":{"rendered":"SEC expands Rabigh, GBT gets pre-seed funding, LIV Golf x Trump Club"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SEC locks in Rabigh-1 expansion<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi El<\/strong><strong>ectricity Company (SEC) signed a 25-year <\/strong><strong>energy conversion agreement with <\/strong><strong>Principal Buyer to purchase power from the 1.2 GW Rabigh-1 expansion project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=92768&anCat=1&cs=5110&locale=en\" style=\"\" rel=\"noopener\">disclosure<\/a>. The SAR 5.33 bn project covers the development, financing, building, owning, and operating of a carbon capture-ready combined cycle gas turbine plant (CCGT). SEC holds a 100% stake in the project company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project was greenlit back in 2023<\/strong>, when SEC received <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1679263\" style=\"\" rel=\"noopener\">approval<\/a> from Principal Buyer to start implementing the expansion. The EPC package was <a target=\"_blank\" href=\"https:\/\/www.saudigulfprojects.com\/2024\/09\/elsewedy-electric-siemens-energy-awarded-1200-mw-rabigh-combined-cycle-power-plant\/\" style=\"\" rel=\"noopener\">awarded<\/a> to a consortium led by Elsewedy Electric and Siemens Energy. The project expands the existing Rabigh complex, alongside older thermal units and the larger Rabigh-2 CCGT plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Gas-fired combined-cycle plants can hit efficiency rates of up to 60%, compared to just 30% for crude-fired units \u2014 complementing the kingdom\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/08\/the-kingdoms-liquid-fuel-displacement-program-is-making-progress\/\" style=\"\" rel=\"noopener\">liquid fuel displacement program<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GulfBoost bags SAR 5 mn in a pre-seed funding round<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrow<\/strong><strong>n geospatial data provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gbt.sa\/\" style=\"\" rel=\"noopener\">GulfBoost Technology<\/a><\/strong><strong> (GBT) raised<\/strong><strong> SAR 5 mn (c. USD 1.3 mn) in a pre-seed funding round<\/strong>, it <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/arageek-com_startups-saudiarabia-geospatial-activity-7419659942544166912-gc0o?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAFjEOsoBnqYDqX1ub6SafZCooOxHPCd9lZI\" style=\"\" rel=\"noopener\">said on LinkedIn<\/a>. The round was led by Abdulaziz bin Abdullah Al Zamil and Sons Investment Company, with participation from unnamed angel investors. The company will use the fresh funds to back its expansion plans, boost infrastructure, and create new GeoAI products through Penta-Labs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About GBT:<\/strong> Founded in 2024 by Yousef Al Nafjan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nafjan\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), GBT operates across the geospatial (GIS) value chain through its subsidiaries Penta-KSA and Penta-Labs. Penta-KSA offers no-code GIS software that allows non-specialists to use and act on spatial data, while Penta-Labs serves as the group\u2019s deep-tech arm, developing GeoAI and digital-twin solutions for smart cities and large-scale digital transformation projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Liv Golf returns to Trump Bedminster<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF-backed Liv Golf will <\/strong><strong>return to the New York market for its 2026 season with a <\/strong><strong>tournament at Trump National Golf Club in Bedminster, New Jersey<\/strong>, taking place from 6 to 9 August, it said in a <a target=\"_blank\" href=\"https:\/\/www.livgolf.com\/news\/liv-golf-returns-new-york-bedminster-2026-season\" style=\"\" rel=\"noopener\">statement<\/a> on Friday. The event marks the league\u2019s third visit to Bedminster and its first at the course since the 2023 season, continuing a run of at least half a dozen Liv tournaments held at Trump-family venues over the past four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- GulfBoost secures SAR 5 mn in a pre-seed funding round<\/p>\n","protected":false},"author":1,"featured_media":104541,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,10,1390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-saudi-electricity-company-sec","wpautop","entry"],"acf":{"mongo_id":"2c53bf5d-ae08-43a7-9acf-a109af316a7c","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2212.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SEC expands Rabigh, GBT gets pre-seed funding, LIV Golf x Trump Club","related_issue":[104521],"teaser":"PLUS- GulfBoost secures SAR 5 mn in a pre-seed funding round"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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