Saudi Arabia Launches Geographical Survey to Determine Renewable Energy Sites

The signing of the geographical survey contracts for renewable energy projects in the presence of the Minister of Energy (Ministry of Energy website)
The signing of the geographical survey contracts for renewable energy projects in the presence of the Minister of Energy (Ministry of Energy website)
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Saudi Arabia Launches Geographical Survey to Determine Renewable Energy Sites

The signing of the geographical survey contracts for renewable energy projects in the presence of the Minister of Energy (Ministry of Energy website)
The signing of the geographical survey contracts for renewable energy projects in the presence of the Minister of Energy (Ministry of Energy website)

Saudi Arabia launched a geographical survey project to determine renewable energy sites in the country.
The project is the first of its kind in the world in terms of geographical coverage, as it will survey more than 850,000 square kilometers of Saudi land, according to Minister of Energy Prince Abdulaziz bin Salman.
Project execution contracts were awarded to national companies to install 1,200 stations to monitor solar and wind energy in all regions of the Kingdom.
The minister of Energy noted that the new plan falls within the National Renewable Energy Program and will cover all regions Kingdom-wide by surveying more than 850,000 square kilometers, after excluding populated areas, sand dune areas, and airspace restrictions.
The surveyed zone is approximately equivalent to the area of the UK and France combined, he added.
Prince Abdulaziz explained that the project will contribute to identifying the best locations for developing renewable energy plans in Saudi Arabia, in terms of the size of renewable energy resources and the projects’ development priority.
He stated that solar energy monitoring stations, which operate through advanced measuring devices installed on the ground, will determine and record direct natural radiation, terrestrial horizontal radiation, the deposition rate of dust and pollutants, the terrestrial reflection factor, the ambient temperature, and precipitation, relative humidity, and atmospheric pressure.
The minister also said that the wind energy measuring stations, which will be installed at multiple heights, up to 120 meters, will record wind speed and direction, ambient temperature, atmospheric pressure, and relative humidity. The data collection will be done using the latest technologies and the highest quality standards and international practices, he noted.
Prince Abdulaziz went on to say that the project includes establishing a platform to monitor, record and transmit measurement data, around the clock, and to analyze and process it digitally using artificial intelligence, with the aim to evaluate and rank sites in terms of their suitability for establishing renewable energy projects.
In this context, the minister of Energy stated that the accuracy of the data makes the projects more profitable, according to the requirements of local and international financing institutions. This will contribute significantly to the immediate allocation of lands for renewable energy projects, and accelerate the execution process after coordination with the concerned authorities.
The minister said the new geographical survey project aligns with the Kingdom’s commitment to achieving its ambitious goals in producing and exporting renewable energy and boosting the optimal use of renewable energy resources across all regions. It will also help leverage the Kingdom’s strategic geographical location in exporting electricity generated from renewable sources.
According to Prince Abdulaziz, the project will contribute to achieving the optimal energy mix targets for electricity production, with renewable energy sources comprising about 50% of the energy mix by 2030. This is in addition to driving the Kingdom’s move towards hydrogen production, and to achieving the goals of the Liquid Fuel Displacement Program by reducing dependence on liquid fuel in electricity generation.
He further revealed that starting this year, Saudi Arabia will tender new renewable energy projects with a capacity of 20 gigawatts annually, aiming to reach between 100 and 130 gigawatts by 2030, depending on electricity demand growth.

 



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.