In a significant move toward its 2060 net-zero goals, Saudi Arabia has entrusted Siemens Energy with a $1.5 billion project to develop two of the world’s largest and most efficient combined-cycle power plants. This strategic development aims to enhance the Kingdom’s energy supply with a nearly 4 gigawatts capacity boost, facilitated by the construction of […]
In a significant move to bolster its aviation capabilities, Saudia Group, the umbrella group that includes Saudia, the national flag carrier of the Kingdom of Saudi Arabia, and its low-cost counterpart, flyadeal, has confirmed a firm order for 105 additional A320neo Family aircraft. This landmark deal, comprising 12 A320neo and 93 A321neo planes, was officially […]
In a historic move, Tamara, the leading fintech platform in Saudi Arabia and the GCC region, has become the Kingdom’s first homegrown fintech unicorn. This remarkable achievement comes with the completion of a $340 million Series C equity funding round, marking a significant moment in the region’s financial technology sector. Record-Breaking Series C Funding Led […]