{"id":97443,"date":"2024-11-01T00:00:00","date_gmt":"2024-11-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/"},"modified":"2024-11-01T00:00:00","modified_gmt":"2024-11-01T00:00:00","slug":"masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/","title":{"rendered":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project"},"content":{"rendered":"

Masdar-led consortium secures funding for Saudi\u2019s Amaala:<\/strong> A consortium led by UAE renewables giant Masdar and France's EDF achieved financial close on the infrastructure facility for Saudi Arabia's USD 1.5 bn tourism megaproject, Amaala, according to a press release<\/a>. The funding comes from a mix of Emirati and Saudi lenders, including First Abu Dhabi Bank (FAB), Emirates NBD, Riyad Bank, Saudi National Bank (SNB), and Alinma Bank.<\/p>\n

Background: <\/strong>The consortium entered a 25-year concession agreement<\/a> with Saudi\u2019s Red Sea Global last year to develop the infrastructure facility<\/a>. The Amaala facility will feature an optimized off-grid renewable energy system that includes solar power generation and a 700 MWh battery energy storage facility to fully power its desalination and wastewater plants. This initiative will ensure that Amaala runs entirely on solar energy, reducing CO2 emissions by approximately 500k tons annually.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding comes from a mix of Emirati and Saudi lenders<\/p>\n","protected":false},"author":1,"featured_media":97444,"comment_status":"","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":[1546],"tags":[68,7,171,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-uae","tag-masdar","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"2423e327-433d-4c6f-9c7c-134027877b5e","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1459.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project","related_issue":[97429],"teaser":"The funding comes from a mix of Emirati and Saudi lenders","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.3e93eeba-d7b5-4c6e-9645-8e09d1b28a53.mp3"},"yoast_head":"\nMasdar consortium reaches financial close on USD 1.5 bn Saudi tourism project - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project\" \/>\n<meta property=\"og:description\" content=\"The funding comes from a mix of Emirati and Saudi lenders\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project\",\"datePublished\":\"2024-11-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseAM UAE\",\"Masdar\",\"renewables\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\",\"name\":\"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-01T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/","og_locale":"en_US","og_type":"article","og_title":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project","og_description":"The funding comes from a mix of Emirati and Saudi lenders","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/","og_site_name":"UAE","article_published_time":"2024-11-01T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project","datePublished":"2024-11-01T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/"},"wordCount":151,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1","keywords":["DEBT WATCH","EnterpriseAM UAE","Masdar","renewables"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/","name":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1","datePublished":"2024-11-01T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/11\/01\/masdar-consortium-reaches-financial-close-on-usd-1-5-bn-saudi-tourism-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Masdar consortium reaches financial close on USD 1.5 bn Saudi tourism project"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1459.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/97443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=97443"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/97443\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/97429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/97444"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=97443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=97443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=97443"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=97443"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=97443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}