China Tightens Ties to Kuwait with Deal to Expand Solar Power

The signing ceremony was held at the headquarters of the National Energy Administration (KUNA) 
The signing ceremony was held at the headquarters of the National Energy Administration (KUNA) 
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China Tightens Ties to Kuwait with Deal to Expand Solar Power

The signing ceremony was held at the headquarters of the National Energy Administration (KUNA) 
The signing ceremony was held at the headquarters of the National Energy Administration (KUNA) 

China will help increase capacity at two solar projects in Kuwait, further boosting ties after the two countries agreed to develop a long-delayed strategic port.

The new “framework agreement,” reached after six months of negotiations, will see the expansion of the Al-Shagaya and Al-Abdiliya solar plants, Kuwait’s state-run KUNA news agency reported Monday.

The governments of both countries signed on Monday the framework agreement, which contains technical details on the joint cooperation on renewable energy.

The agreement came in line with the Kuwaiti leadership's directives to expand the implementation of grand projects signed with China.

Under the agreement, the Chinese side will build the renewable projects in two regions in Kuwait at a joint production capacity of 3,500 megawatts with a possible boost to 5,000 megawatts.

Last month, Kuwait and China signed an agreement to execute the Mubarak Al-Kabeer port.

In Beijing on Monday, the new “framework agreement” was signed by Kuwait's Undersecretary at the Ministry of Electricity and Water and renewable energy Dr Adel Al-Zamel and Ren Jingdong, Deputy Director of the Chinese National Energy Administration.

The signing ceremony was held at the headquarters of the National Energy Administration and it was attended by Kuwait Assistant Foreign Minister for Asia Affairs Ambassador Sameeh Johar Hayat who is also rapporteur of the high Kuwait-China Committee for agreements and MoUs execution. Also present were Kuwait Ambassador to China Jassem Al-Najem and other Kuwaiti and Chinese officials.

In comments to KUNA, Ambassador Hayat affirmed that the framework agreement came in line with the Kuwaiti leadership's directive concerning major joint projects. He said more details on grand projects signed with China would come into light soon including the agreement signed back in February to execute the Mubarak Al-Kabeer port.

He said that Chinese-Kuwaiti ties were witnessing huge leaps on several domains, reflecting the strong and robust relations linking the two countries.

For his part, Al-Zamel spoke about the framework agreement, revealing that it came after six months of negotiations. It resulted in setting a plan, supervised by the Chinese side, for the third and fourth zones of Al-Shagaya and Al-Abdiliya renewable projects as well at a joint production capacity of 3,500 megawatts with a possible boost to 5,000 megawatts.

Kuwait and China will celebrate on March 22, the 54th anniversary of establishing diplomatic relations, which began back in 1971.

 

 



Investment Fund Launched to Develop Sumou Suburb Project in Makkah

AlBalad AlAmeen for Development and Urban Regeneration Co. signed an MoU with Sumou Holding Co. SPA
AlBalad AlAmeen for Development and Urban Regeneration Co. signed an MoU with Sumou Holding Co. SPA
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Investment Fund Launched to Develop Sumou Suburb Project in Makkah

AlBalad AlAmeen for Development and Urban Regeneration Co. signed an MoU with Sumou Holding Co. SPA
AlBalad AlAmeen for Development and Urban Regeneration Co. signed an MoU with Sumou Holding Co. SPA

AlBalad AlAmeen for Development and Urban Regeneration Co., the investment arm of the Municipality of Makkah, has signed a memorandum of understanding (MoU) with Sumou Holding Co. to launch a SAR4 billion ($1,06 billion) investment fund.

The fund will finance the superstructure development of the Sumou Suburb project in Makkah to meet the needs of residents and visitors.

It is part of a broader vision to create an integrated, vibrant environment that supports Makkah’s ambition to become a global urban hub.

AlBalad AlAmeen signed a separate MoU with Sumou Holding to develop two residential real estate projects in Makkah.

The projects will span over 7 million square meters.