Saudi Arabia
Acquisition is subject to customary conditions and approvals
The total volume of bids amounted to approximately SAR14.125 billion
Investing in renewable energy projects worth $188 billion
Total tourism spending reaches SAR150 billion
Phase 1 targets 600,000 tons per year of green ammonia
AI-powered platform ensures precise data verification, efficiency
Efforts fall under Financial Sector Development Program
Kingdom is building an attractive hub for business and tourism
Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project
Operation to commence by Q2 2026
SAR5 mn minimum capital requirement
Saudi Arabia, UAE lead in non-oil sector development
