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Saudi Arabia Starts Allocating Land for Renewable Energy Projects

Saudi Arabia works to achieve the optimal mix of electricity production and the reliance on renewable energy. (Asharq Al-Awsat).
Saudi Arabia works to achieve the optimal mix of electricity production and the reliance on renewable energy. (Asharq Al-Awsat).
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Saudi Arabia Starts Allocating Land for Renewable Energy Projects

Saudi Arabia works to achieve the optimal mix of electricity production and the reliance on renewable energy. (Asharq Al-Awsat).
Saudi Arabia works to achieve the optimal mix of electricity production and the reliance on renewable energy. (Asharq Al-Awsat).

Saudi Arabia, represented by the Ministry of Energy, announced on Thursday the allocation of two plots of 12 million square meters for the development of two renewable energy plants in Saudi cities, within a strategy to diversify the energy mix.

The Kingdom revealed a project to build a plant with a capacity of 600 megawatts in the Jeddah 3rd Industrial City and the Rabigh Industrial City through the Saudi Authority for Industrial Cities and Technology Zones (Modon).

The Kingdom aims to achieve the optimal mix of energy - the most efficient and the least expensive in the production of electricity - by replacing liquid fuels with natural gas, in addition to renewable energy sources, which will constitute approximately 50 percent of the energy mix for electricity production by 2030.

Under the patronage of Crown Prince Mohammad bin Salman, Saudi Energy Minister Prince Abdulaziz bin Salman recently inaugurated the Sakaka solar power plant project, with a production capacity of 300 megawatts.

The ministry explained that the National Renewable Energy Program constituted one of the main enablers to achieve the optimal energy mix and the strategic objectives of the electricity sector by creating a competitive environment that would attract private sector investments and encourage partnerships between the public and private sectors.

The Saudi Authority for Industrial Cities and Technology Zones (MODON) provides products and services to its investing partners to promote renewable energy projects in the Kingdom.

The ministry worked with the authority to provide the necessary lands for these projects within a number of industrial cities, including the Jeddah 3rd Industrial City and the Rabigh Industrial City.

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Three Saudi-Yemeni Companies Established in Energy, Telecom to Support Yemen's Reconstruction

The Saudi-Yemeni Business Council holds meeting in Makkah, announces strategic initiatives (Asharq Al-Awsat)
The Saudi-Yemeni Business Council holds meeting in Makkah, announces strategic initiatives (Asharq Al-Awsat)
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Three Saudi-Yemeni Companies Established in Energy, Telecom to Support Yemen's Reconstruction

The Saudi-Yemeni Business Council holds meeting in Makkah, announces strategic initiatives (Asharq Al-Awsat)
The Saudi-Yemeni Business Council holds meeting in Makkah, announces strategic initiatives (Asharq Al-Awsat)

The Saudi-Yemeni Business Council, part of the Federation of Saudi Chambers, announced six initiatives to boost trade and support Yemen’s economic development at a meeting in Makkah, Saudi Arabia.
Over 300 Saudi and Yemeni investors attended, agreeing to establish three companies to help rebuild Yemen and improve its infrastructure.
The initiatives include upgrading border crossings to improve logistics and increase trade, currently valued at 6.3 billion riyals ($1.6 billion). Yemen’s exports to Saudi Arabia, worth only 655 million riyals ($174.6 million), highlight untapped potential in mining, agriculture, livestock, and fisheries.
Key recommendations to enhance trade and support Yemen’s economic recovery include setting up quarantine facilities for Yemeni livestock and agricultural products to increase exports, as well as building smart food cities near border areas to improve food security and sustainable cooperation.
The Council urged action to address banking challenges faced by traders, suggesting reforms in Yemen’s financial sector and stronger ties with Saudi banks. It also proposed creating a club for Yemeni investors in Saudi Arabia to encourage joint projects and partnerships.
Three new Saudi-Yemeni companies will be established. One will invest $100 million in solar energy to provide sustainable electricity in Yemen. Another will focus on boosting telecommunications via Starlink satellite services. The third will organize events to promote Saudi products and support Yemen’s reconstruction.
Speaking to Asharq Al-Awsat, Council President Dr. Abdullah bin Mahfouz emphasized the private sector’s critical role in stabilizing Yemen’s economy and society through investments that support development, create jobs, improve infrastructure, and promote small and medium-sized enterprises (SMEs).
He stressed the importance of empowering Yemeni entrepreneurs and securing funding for reconstruction projects, encouraging public-private partnerships to execute large-scale initiatives under the Build-Operate-Transfer (BOT) model.
The Makkah meeting ended with agreements between Saudi and Yemeni companies to develop key sectors such as energy, agriculture, and infrastructure.
Streamlined customs, improved logistics, and upgraded Yemeni ports and airports were also highlighted as priorities to facilitate trade.
Yemeni delegation leader Abdulmajid al-Saadi, praised Saudi Arabia’s new investment law, noting Yemeni investments in the Kingdom have reached 18 billion riyals ($4.8 billion), ranking third among foreign investors.