MUST-READS

• Construction
  New Massive Lagoon Planned For $4bn Megaproject In Saudi

  Crystal Lagoons, the developer of giant crystalline lagoons, announced that it has won a deal to build a lagoon at a $4 billion mega project in Saudi Arabia. The lagoon will be situated at the centre of a 240-hectare mixed project being developed by the Prince Sultan Cultural Centre, in the north of Jeddah, the company said in a statement.

• Counter-Terrorism
  Saudi court sentences American, 23 others to prison for terrorism

  A court in Saudi Arabia on Wednesday sentenced an American and 23 other people to prison on charges they created a terrorist cell and planned attacks on foreigners and oil pipelines. The official Saudi Press Agency reported that their sentences range from two to 27 years in prison for planning attacks against Saudi Arabia and its smaller neighbor of Bahrain.

• Solar Energy
  Lucrative opportunities in Saudi Arabia’s off-grid, hybrid solar markets

  According to a report by K.A.CARE on Saudi Arabia’s solar energy deployment roadmap, locations such as border posts, highway family rests, remotely located mosques and small-sized villages all represent excellent potential for micro-generation through hybrid designs, including solar-powered desalination and cooling. The daily electricity needs of such isolated areas are usually met via diesel generators that are transported periodically to these bases. Not only is the solution expensive and unreliable but the generators struggle to function during the hottest times of the day and often break down. The Nofa Equestrian Resort, located 85 km west of Riyadh, is already benefitting from the hybrid concept through its recently-commissioned 1 MW CPV plant, which is offsetting the resort’s 14 MW diesel generator. Most significantly, Saudi Aramco and Saudi Electricity Company are discussing plans to replace as much as 300 MW of diesel generation in off-grid locations with solar PV.

• Mecca
  Saudi newspaper accuses The Independent of theft and mistranslation

  Omar al-Mudhwahi is offering to provide the British newspaper with the correct translation of the study.

• Saudi Economy
  Analysis | Saudi Economy – Jadwa Chartbook – September 2014

  Economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012. Consumer spending also remained robust. Cement production and sales declined on the back of seasonal trends, but also due to changes in labor market.

• Saudis Abroad
  Opinion: Punish Saudis who misbehave abroad

• Oil Exports
  Saudis sending less oil to U.S.

  “Their strategy has always been to develop markets in different places. They're a very disciplined, long-term player,” Auers said. “They're not having to discount very much today. Going forward they'll have to discount. I think $5 is something they can live with.” A series of partnerships and long-term contracts will help insulate Saudi Arabia's market share somewhat if oil prices fall. For example, Saudi Aramco owns half of Houston-based refining company Motiva Enterprises and will likely keep sending its crude oil to refineries equipped to handle the range of crude that comes from Saudi fields.

• NCB IPO
  Saudi Arabia’s Largest Bank Said to Plan IPO Next Quarter

  The IPO, which could raise about 16 billion riyals ($4.3 billion) according to Riyad Capital, would make it the world’s largest such sale this year, surpassing Japan Display Inc. (6740)’s $3.1 billion offering in March. Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to raise as much as $20 billion from its IPO later this month, a deal that has the potential to be the largest offering in U.S. history.

• Norway Model
  Opinion: Saudi energy experts, read my lips

  Oil and gas is very important for Saudi Arabia and now we are simply burning it to cool our homes and buildings and we subsidize many strategic commodities such as electricity, fuel at the pump and the highly expensive desalinated water. In Norway, they pay ten times what we pay at the gas pump. At the end, Saudi energy experts, please read my lips. Look at Norway and do it their way. Oil will not be here forever and we have future generations to look after.

• Haia
  Haia chief orders probe into attack on Saudi-British couple

  Haia spokesman Turki Al-Shaleel said Haia President Abdullatif Al-Asheikh has ordered an investigation into the incident, which took place on Friday night.

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