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According to the report, OPEC producer Kuwait has awarded the transaction advisory contract to advise on the privatisation of its Shuaiba North power plant to Deloitte within plans by the Gulf state to sell part of its public enterprises to the private sector.
Public Investment Fund-owned Saudi Investment Recycling Co. has signed an agreement to acquire 60 percent of plastic resi manufacturer Masab Plastic Factory Co, said the news.
The agreement aims to pave the way for the recycling firm to establish solid partnerships with the Kingdom’s private sector, according to Saudi Press Agency.
Hossam Heiba, CEO of the General Authority for Investment and Free Zones in Egypt; Zhou Zhencheng, Minister Counsellor of the Economic and Commercial Affairs of the Chinese Embassy in Egypt; and Li Huagang, Chairperson of Chinese Haier Group, laid Wednesday the foundation stone of Egypt’s first Ecological Industrial Park.
A report says, Mirai Solar, a solar technology startup of King Abdullah University of Science and Technology, is disrupting the greenhouse market by developing foldable roof shades that not only prevent fruits, vegetables and flowers from extreme sunlight but also generate electricity to run these facilities.
Established in 2019, the company manufactures retractable, semitransparent photovoltaic shade screens that convert blocked sunlight into electricity. The solution has two main components: the PV panels and the shade screen.
Report mentioned, the PV panels are made of monocrystalline silicon solar cells that generate an electric current when exposed to sunlight, which is fed into the local power distribution panel to support the energy needs of the greenhouse.
A report says, Sharjah Electricity, Water and Gas Authority (SEWA) has participated in a discussion within the Water Desalination Projects Forum in the Middle East and North Africa, held in Abu Dhabi.
Dubai Electricity and Water Authority (DEWA) has been recognised as the second most valuable Middle Eastern utilities brand and its brand value has risen by 30%, according to Brand Finance, the world’s leading brand valuation consultancy.
ROSHN, the PIF-backed national real estate developer with a number of residential megaprojects underway across the kingdom’s major cities, has announced the signing of seven agreements worth a total of US$2.13 billion.
To develop infrastructure and facilities across its communities in the country, said the report.
According to a Saudi Press Agency report, the contracts signed aim to develop a number of utilities and facilities across ROSHN’s communities around the kingdom. They include the development and construction of various types of housing units, infrastructure, agricultural nurseries, and schools.
The IFFCO Group, a UAE-based food products company, has opened the first 100% plant-based meat factory in the Middle East, located in Dubai Industrial City.
THE LOOP in Dubai, masterminded by URB, is a proposed 93 km sustainable urban highway, connecting more than three million residents using a healthy mode of transport to key services and locations by walking and cycling within minutes.
According to the news, Burgan Bank has announced the launch of a new biodegradable debit card.
It is made to make transactions easier for customers who can't see, and it keeps coming up with new ways to do things.
As the report highlighted, the card delivers on Burgan’s core objectives of its comprehensive strategy—namely, sustainability, product innovation, and inclusivity—ensuring greater accessibility to specially-abled customers whilst simultaneously promoting environmentally conscious practices.