Saudi Arabia’s PIF, SEC set up EV infrastructure company. The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake .

Saudi Arabia has ample fiscal buffers, foreign exchange reserves and access to international debt capital markets. That gives the kingdom room to maneuver, says Khaled Hobballah, Senior Country ...

Jared Kushner (L) meets Saudi Crown Prince Mohammed Bin Salman (R) in NEOM, Saudi Arabia, on September 1, 2020. Saudi Press Agency 2023-02-13T03:14:09Z ...

Saudi Arabia's proposed investment represents a high-stakes bet amid unfavorable circumstances. Oil prices languishing below $70—far from the $90 needed to balance its 2025 budget—complicate ...

SEC is working to reduce carbon emissions and enable a targeted energy mix in Saudi Arabia to generate 50% of electricity from renewable energy sources and 50% from natural gas by 2030. In April 2023, ...

Saudi Electricity Company (SEC) has invited bids from leading utility developer/developer consortium for the setting up of 380kV substations as well as overhead transmission lines in major areas ...

Saudi Electricity Company, Acwa Power and Korea Electric Power Corporation (Kepco) have signed a SAR15 billion ($4 billion) power purchase deal with Saudi Power Procurement Company (SPPC) for two ...