SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia announces new instant e-visa options for UK, US, Schengen travelers

    Saudi Arabia announced on Monday new instant e-visa options for travelers with UK, US, Schengen visas, as well as permanent residents of those countries, as part of measures to ease travel restrictions, the Saudi Press Agency (SPA) reported. Travelers can apply for an instant e-visa through the Ministry of Foreign Affairs’ website.

  • Saudi: GE Vernova wins contract for world’s largest hydrogen plant in NEOM

    India’s Larsen & Toubro has recently awarded Grid Solutions, a key component of GE Vernova’s portfolio of energy businesses, with a significant contract in NEOM. The contract entails the supply of 380 kV T155 gas-insulated substations (GIS) for an ambitious project—the world’s largest utility-scale hydrogen plant.

  • Lionel Messi to Inter Miami: MLS club set to sign Argentine superstar, beating Barca, Saudi Arabia, per report

    The 35-year-old superstar officially leaves PSG this month when his contract expires after two seasons with the French giants. After spending his entire career with Barcelona, he made the jump to France after his beloved team could no longer afford him under La Liga's financial rules, seeing an end to an iconic era at the club with diminutive Argentina as the face, winning every prize imaginable more than once.

  • Saudi Arabia’s Neom Hydrogen Project Sees Output Starting Next Year

    By mid-2024, the company will be making hydrogen for vehicles such as buses and trucks, Chief Executive Officer Dave Edmondson said in an interview Dubai. A larger plant, focusing on exports, is also being developed. Neom Green Hydrogen — a venture between local firm ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc. — is part of Riyadh’s ambitious plans to expand in clean-tech industries as it prepares for a future beyond fossil fuels. Green hydrogen is still far more expensive than oil and natural gas, but developers are confident they can reduce costs enough to make it competitive.

  • Saudi Arabia’s Neom Hydrogen Project Sees Output Starting Next Year

    Neom Green Hydrogen — a venture between local firm ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc. — is part of Riyadh’s ambitious plans to expand in clean-tech industries as it prepares for a future beyond fossil fuels. Green hydrogen is still far more expensive than oil and natural gas, but developers are confident they can reduce costs enough to make it competitive.

  • Turkey elections: Five urgent challenges Erdogan will face in his third term

    Last week, Turkey's Central Bank reported negative net foreign exchange reserves for the first time since 2002, with a balance of $151.3m in the red as of 19 May. Erdogan has managed to finance his unorthodox monetary policy of maintaining low interest rates by obtaining currency swaps and injections of billions of dollars from Gulf allies and Russia. However, these resources have been depleted.

  • Saudi Arabia’s Neom Hydrogen Project Sees Output Starting Next Year

    The Neom hydrogen project, part of a $500 billion industrial and tourist development on Saudi Arabia’s Red Sea coast, will begin producing fuel for transportation next year, according to the head of the venture. By mid-2024, Neom will be making hydrogen for vehicles such as buses and trucks, Dave Edmondson, chief executive officer of Neom Green Hydrogen Co., said in Dubai. A larger plant, focusing on exports, is also being developed. NGHC — a venture between local firm ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc. — is part of Riyadh’s ambitious plans to expand in clean-tech industries as it prepares for a future beyond fossil fuels. Green hydrogen is still far more expensive than oil and natural gas, but developers are confident they can reduce costs enough to make it competitive.

  • NEOM’s green hydrogen plant will secure Saudi Arabia’s clean energy transition: CEO

    Once complete, the joint venture between Acwa Power, Air Products and NEOM will be the world’s largest green hydrogen production facility – stretched over 300km2 of land, in which around 5.6 million solar panels will produce up to 2.2GW of solar energy. When operational, it promises a staggering output of carbon-free hydrogen, Edmondson said. “Once operational, we will supply up to 600 tonnes per day of carbon-free hydrogen for transportation globally, integrating up to 4GW of solar and wind energy and exporting up to 1.2 million tonnes of green ammonia annually through the combined expertise of our three shareholders,” the CEO told Al Arabiya English.

  • Top Israeli general says ‘action’ is on horizon over Iran nuclear work

    The top Israeli general raised the prospect of "action" against Iran on Tuesday even as Prime Minister Benjamin Netanyahu's national security adviser played down any immediate threat posed by a new underground nuclear facility being dug by Tehran. World powers' efforts to negotiate new curbs to Iranian uranium enrichment and other projects with bomb-making potential have been fruitless so far, fanning long-bruited threats by Israel to resort to force if it deems diplomacy a dead end.

  • Neom Green Hydrogen Energy Company closes $8.4bn in investment deals for plant

    Saudi Arabia's Neom Green Hydrogen Company has signed deals worth $8.4 billion with financial institutions for the plant it is building at Oxagon in the kingdom's $500 billion futuristic city Neom. The equal joint venture between Acwa Power, Air Products and Neom is billed as the world’s largest green hydrogen production facility. It will integrate up to 4 gigawatts of solar and wind energy to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026 in the form of green ammonia. The project is being financed with $6.1 billion non-recourse financing from 23 local, regional and international banks and investment companies, Neom said on Monday.