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FINANCIAL NEWS
Saudi eyes on global investors for two solar plants
13 Jun 2016
(MENAFN) Saudi Arabia is searching for global investors in order to build two solar power plants, using a deal structure that could become a model for the kingdom’s infrastructure projects.
Additionally, Saudi’s SEC was inviting expressions of interest from firms or consortiums around the world in building two solar plants at Al-Jouf and Rafha.
Moreover, 50 megawatts of capacity will be developed at each site, and the developers will sell the electricity to SEC, whereas each plant might cost between USD 100mn to USD 120mn.
In addition, a reform plan was proclaimed, which focused on introducing public-private partnerships in which private firms would offer the financing for projects.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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