Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, announced on its site on October 16 the launch of “THE RIG,” which it said would be the world’s first tourism destination on offshore platforms. The fund, the engine of Crown Prince Mohammed bin Salman’s economic transformation plans for Saudi Arabia, manages a portfolio worth $400 […]
A lion was found roaming the streets in eastern Saudi Arabia on October 12. A lioness was spotted strolling down the streets of the Saudi city of Al Khobar, in the Kingdom’s Eastern Region, local media reported. #السعودية الحياة الفطرية: السيطرة على #أسد طليق بعد تلقي بلاغ عن وجوده في أحد الشوارع بمدينة #الخبر. […]
The Group of Twenty (G20) Wednesday launched the “G20 Water Platform” which was established, hosted, and supervised by the Kingdom during the first five years, Saudi Gazette states. The platform’s launch came during the second meeting of the Water Dialogue hosted by Italy (remotely), in which the Italian Minister of Environmental Transformation, the Indonesian Minister […]
Saudi Basic Industries Corp (SABIC) has launched a collaboration with Microsoft to manufacture the first consumer electronic product. This collaboration has resulted in manufacturing the first computer mouse with an exterior shell containing 20% recycled ocean plastic. And they named it “The Microsoft Ocean Plastic Mouse,” Saudi Gazette states. SABIC has a strategic vision for […]
Saudi Arabia Minister of Finance Mohammed Al-Jadaan and President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun inaugurated an event on “Building Smart Cities in the COVID-19 Era: Towards Resiliance and Sustainability”. In his opening remarks at the event, which was co-organized by AIIB, the Ministry of […]
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, the Red Sea Project (TRSP), has revealed design plans for its new mountain resort named Desert Rock in the beautiful wadi vistas in the west of the country. Created by the world-class architectural design firm, Oppenheim Architecture, Desert Rock […]
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has become the first asset owner in the world to achieve the prestigious BIM Project Kitemark for its digital project delivery and adoption of building information modeling (BIM) aligned to ISO 19650, awarded by the British Standards Institution (BSI), […]
Deputy Minister of Environment, Water and Agriculture Eng. Mansour bin Hilal Al-Mushaiti stressed that the Kingdom of Saudi Arabia had taken important steps towards improving agricultural development, enhancing food security, facing climate change, increasing temperatures, and scarce water resources, all together contributed to improving indicators of food security, consumption systems, reducing waste, realizing high rates […]
The Red Sea Development Company (TRSDC) is partnering with a biotechnology firm for sustainable food production as the developer continues to promote “regenerative tourism” through the new Saudi giga project. Austrian company Blue Planet Ecosystems (BPE) will provide TRSDC with a solution to produce seafood sustainably, and to conduct algae production in a desert environment. […]
The kingdom’s Public Investment Fund has been investing more in businesses that benefit from a transition away from fossil fuels, mirroring Saudi Arabia’s broader strategy to diversify its economy from reliance on crude sales. Saudi Arabia’s $430 billion sovereign wealth fund plans to announce its first green debt issuance as it looks to increase the […]
