Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023
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Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Zain KSA and Red Sea Global Win 'Best Green Technology' at Telecom Review Leaders’ Summit 2023

Red Sea Global, the world’s most ambitious regenerative tourism developer, and Zain KSA, the leading digital services provider in the Kingdom of Saudi Arabia, received the "Best Green Technology" award for their zero-emission 5G network during the 17th edition of the "Telecom Review Leaders" Summit,’ held on December 6 and 7 in Dubai, SPA reported.

The accolade follows the unveiling of the world’s first 5G zero-emission network at the Six Senses Southern Dunes, the Red Sea resort.

"This prestigious accolade honors RSG’s new model of development, putting people and planet first, in line with the best environmental protection and restoration standards. The award also recognizes RSG’s role in setting new standards for building a sustainable tourism sector in Saudi Arabia. The decision to host Zain KSA’s world-first zero-emission 5G network is rooted in our belief in the importance of sustainability to not only preserve the environment but also enhance it for generations to come, in line with the goals of Saudi Vision 2030," said Group Head of Technology at RSG, Dr. Ahmad Al-Suhaili.
Zain KSA’s Marketing and Business Development Executive General Manager, Eng. Sultan Alhadlaq, said: "This award is a recognition of the real impact of our strategic partnership with RSG and our common goals of achieving environmental preservation and sustainability."

"Our goal at Zain KSA is to drive innovation and harness cutting-edge technologies for environmental sustainability and improving people’s quality of life. We have thankfully succeeded in developing a revolutionary 5G network operated entirely through clean energy, as well as purposely-built towers to achieve three main goals: preserving the environment, reducing emissions by utilizing renewable energy, and mitigating visual distortion," he added.

The first zero-emission 5G network worldwide operates entirely on clean energy harnessed from the RSG’s more than 760,000 solar panels. The towers have been built using state-of-the-art 3D printing technology, replacing traditional telco towers while providing high-speed connectivity covering the entire region.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
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EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.