SEC Begins Operating Power Plant with First Locally-built Turbine Gas

SEC Begins Operating Power Plant with First Locally-built Turbine Gas
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SEC Begins Operating Power Plant with First Locally-built Turbine Gas

SEC Begins Operating Power Plant with First Locally-built Turbine Gas

The Saudi Electricity Company (SEC) has started operating a combined cycle power plant in Waad al-Shamal Mining City, located south of Turaif in the Northern Border Region. The plant includes also a gas turbine, first locally-manufactured by General Electric which helps bringing modern technology into Saudi Arabia.

The plant, costing over SR3.75 billion, has a total capacity of 1,390 megawatt (MW) electricity, of which 50 MW will come from a solar component.

The Company’s CEO Ziyad al-Shiha explained the plant works on natural gas as a main fuel and is part of SEC’s integrated strategy for implementing advanced electric projects that takes into account environmental conditions of the region as well as reduction of thermal emissions with providing fuel while meeting the energy needs of the industrial city.

In a statement issued, Shiha indicated that SEC has invested more than SR3.75 billion in the solar power generating plant with solar powered mirrors. It has also invested in the construction of transmission stations and transmission lines to supply the mining city and its industrial projects with electricity.

The new plant adopts the integrated composite cycle system (ISCCP) and modern gas turbine techniques that reduce carbon emissions and nitrogen oxides to reduce environmental pollution, increase efficiency and produce 50 megawatts of electricity through the concentrated solar power (CSP).

The CEO said that the plant project started implementing in April 2014 after the contracts had been signed after installing, testing, and operating 4 generators and other equipment.

In December 2015, SEC awarded General Electric the $980 million contract for the engineering, construction and provision of gas turbine services for the plant.

In line with the provisions of the deal, one of the gas turbines was assembled fully at the GE Manufacturing Technology Center in Dammam. Shiha said the plant, with one locally manufactured gas turbine, would have a significant contribution to localization of the electric power industry.

He indicated that the plant is a major boost in supporting Saudi Arabia’s focus on renewable energy and creating jobs for Saudis. It was implemented as part of the company’s strategy to be in tune with the Vision 2030. The plant will enhance the Kingdom’s status as the biggest facility in the Middle East and North Africa region for providing electricity.



Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
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Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air, starting January 31, SPA reported.

The launch of international flights through the cluster’s airports comes as part of its ongoing commitment to improving the passenger experience and expanding international travel options, while continuing to build strategic partnerships with global airlines to enhance air connectivity in the Kingdom.


Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
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Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. US West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.

Market participants now see a risk of disruption to Venezuelan oil exports because of the US ‌embargo, having previously ‌been complacent in that regard, said ‌UBS ⁠analyst Giovanni ​Staunovo.

Venezuelan crude ‌accounts for about 1% of global supply.

Growing supply from the US and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela while ⁠Russia-Ukraine tensions simmer in the background in an otherwise very bearish market, said June ‌Goh, analyst at Sparta Commodities.

The US Coast ‍Guard is pursuing an oil ‍tanker in international waters near Venezuela in what would be the ‍second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday.

A rebound in oil prices has been sparked by US President Donald Trump's announcement of a "total ​and complete" blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike ⁠on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

US special envoy Steve Witkoff said on Sunday that talks between US, European and Ukrainian officials in Florida over the past three days in an effort to end Russia's war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans ‌and Ukraine to US proposals had not improved prospects for peace.


GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.