Saudi Electricity Company, a firm primarily owned by the Saudi Arabian Public Investment Fund, is planning to raise $2 billion through the sale of dual-tranche Islamic bonds, according to the report.
The company’s offer includes a 10-year green sukuk and a 30-year conventional Islamic paper.
Forbes International Tower, a new zero-carbon commercial tower in Cairo, Egypt, and an award-winning project, is set to elevate standards of green design and push boundaries of modern construction.
According to the report, Kasun Illankoon spoke to Magnom Properties CEO, Maged Marie, and leading architecture firm partners Adrian Smith, Gordon Gill, and Robert Forest, of AS+GG Architecture, to find out more about the project and the influence the project is set to make in the Middle East.
Abu Dhabi’s 2 GW Al Dhafra plant will soon start supplying electric power to the UAE national grid following the installation of all photovoltaic (PV) solar modules on the plant, according to the report.
Masdar announced in a tweet that the last PV solar module at the world’s largest single-site solar power plant project had been installed at the site.
Projects worth US $403 million have been approved by the Islamic Development Bank (IsDB) in its member countries, including Egypt, Kyrgyzstan, and Tajikistan, to help boost their infrastructure. One of the key projects given the greenlight was $344.5 million in financing for Phase I of the Electric Express Train Project in Egypt, according to the report.
Sharjah Airport welcomed a delegation from the Arab Civil Aviation Organisation (ACAO) that examined various impactful initiatives, practises, and strategies undertaken at the airport to achieve sustainability.
Red Sea Global (RSG), the multi-project developer behind the regenerative tourism destinations of the Red Sea and Amaala, has announced the awarding of two major new contracts for the first phase of development at Amaala’s Triple Bay Marina Village to Saudi Arabian Baytur, a major construction firm in the Kingdom.
Moro Hub is a subsidiary of Digital DEWA, the digital arm of the Dubai Electricity and Water Authority (PJSC). Its green data centre, which is located at the Mohammed bin Rashid Al Maktoum Solar Park, was inaugurated recently by H.E. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Dubai Executive Council.
The facility’s integrated solutions are designed to provide next-generation services in the areas of digital transformation, cloud and hosting services, cybersecurity, IoT services, professional and managed services, as well as Moro services supported by ChatGPT technology, stated the report.
SABIC, a world leader in a wide range of chemicals, asked the rest of the world to work together better across regions and industries for long-term economic growth.
This call for collaboration was made during the Boao Forum for Asia (BFA) Conference, an annual international conference that SABIC is sponsoring for the 15th time, the last four of which as an honorary strategic partner, said the report.
The International Air Transport Association (IATA) has announced that the IATA World Cargo Symposium (WCS), taking place in Istanbul, Turkey, from April 25 to 27, will focus on sustainability, safety, and digitalization.
"Air cargo is operating at nearly pre-pandemic levels. But the way it operates has changed dramatically. This is due to the convergence of economic and geopolitical forces, continuing priorities on improving sustainability, safety, and reliability, as well as emerging opportunities with new markets, technologies, and digitalization. This year’s WCS will explore how to keep air cargo profitable while addressing these priorities, challenges, and opportunities," said Willie Walsh, IATA’s Director General.