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FINANCIAL NEWS
Saudi Arabia to reach 50 pct revenues rise
23 Sep 2013
(MENAFN) President of the King Abdullah City for Atomic and Renewable Energy (KA-CARE) reported that revenues of Saudi Arabia’s power of nuclear and renewal sources are expected to hit a 50 percent rise over the following two decades, according to Saudi Gazette.
Hashim Yamani said: “Nuclear energy and renewables have an active role and can contribute up to 50 percent of electricity production.”
The Kingdom plans a project of USD100 billion to build nuclear reactors with 17 gigawatts capacity. The first plant is expected to start operating in 2020.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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