
Stonepeak rolls out Middle East renewables platform WahajPeak
WahajPeak, will target solar, wind, and battery storage developments across the GCC and broader Middle East. It will be led by Mothana Qteishat, former Vice President at Jinko Power.
The launch builds on Stonepeak's partnership with The Arab Energy Fund, with plans to jointly invest $1 billion in energy infrastructure across the region.
Stonepeak has launched platforms such as Peak Energy and Synera Renewable Energy in Asia—both focused on the development, ownership, and operation of renewable assets including energy storage.
The alternative investment firm opened an office in Abu Dhabi Global Market (ADGM) in September 2024.
(Writing by Brinda Darasha; editing by Seban Scaria)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Business
4 hours ago
- Arabian Business
Lenovo's Saudi expansion to add $10bn to non-oil GDP with new Riyadh HQ in Al Majdoul Tower
Lenovo has confirmed plans to establish its Regional Headquarters (RHQ) in Riyadh's Al Majdoul Tower and unveiled its new executive leadership team for Saudi Arabia and, a move the company says will contribute up to $10bn to the Kingdom's non-oil GDP by 2030. The announcement marks a key milestone in Lenovo's Middle East growth strategy and reinforces its long-term commitment to supporting Saudi Arabia's Vision 2030, digital transformation, and industrial diversification goals. The RHQ will serve as Lenovo's regional hub, housing operations in R&D, retail, marketing, partnerships, and customer engagement, while positioning the global tech giant at the heart of Riyadh's innovation ecosystem. Lenovo in Saudi Arabia Al Majdoul Tower is already home to several PIF entities, ministries, and technology companies, placing Lenovo at the centre of Saudi Arabia's transformation drive. Lenovo's strategy in Saudi Arabia is closely tied to its collaboration with ALAT, a Public Investment Fund (PIF)-owned company. Together, they broke ground in February 2025 on a 200,000sqm advanced manufacturing facility in the Riyadh Integrated zone, operated by the Special Integrated Logistics Zone (SILZ). Expected to be operational by 2026, the plant will produce millions of 'Saudi Made' devices and, combined with the RHQ, is projected to add up to $10bn to Saudi Arabia's non-oil GDP by 2030. Matt Dobrodziej, Senior Vice President and President, Lenovo EMEA, said: 'The confirmation of Al Majdoul Tower as the future location of Lenovo's Regional Headquarters, alongside the appointment of our new executive leadership team for Saudi Arabia and RHQ, marks a major milestone in our regional strategy. 'Through our strategic partnership with ALAT and investment in advanced manufacturing, we are proud to contribute to the Kingdom's Vision 2030 by supporting industrial diversification, accelerating digital transformation, and enabling sustainable economic growth. 'Our initiatives in Saudi Arabia, including the RHQ, flagship retail space, and the Riyadh-based manufacturing facility are projected to contribute up to $10bn to non-oil GDP by 2030, reinforcing our commitment to the Kingdom's long-term development.' To drive this expansion, Lenovo has named a new leadership team: Lawrence Yu, Head of Regional Headquarters: A Lenovo veteran of 15 years who helped secure the ALAT partnership and Riyadh site Giovanni Di Filippo, Vice President and General Manager, Lenovo Saudi Arabia: Previously grew Lenovo's EMEA ISG market share from 6 per cent to 14 per cent Zoran Radumilo, Chief Technology Officer, Lenovo Saudi Arabia: A 25-year enterprise technology leader with expertise in AI, cloud, and software The RHQ in Riyadh will anchor Lenovo's broader regional strategy, including a flagship retail store, VIP customer centre, and new innovation hubs, while strengthening ties with government and enterprise clients across priority sectors such as energy, telecom, finance, and smart cities. Together with the Riyadh manufacturing facility, these initiatives position Lenovo as a long-term partner in the Kingdome's digital and industrial transformation.


Arabian Business
6 hours ago
- Arabian Business
Saudi Arabia grants VistaJet license for domestic private flights
Saudi Arabia's General Authority of Civil Aviation (GACA) has announced that VistaJet has become the first foreign operator to receive a certificate to conduct private domestic flights in the Kingdom. The foreign operator certificate, granted after VistaJet met all requirements and standards under the Civil Aviation Law, will take effect from May 1, 2025. It allows foreign private jet operators to run on-demand flights within the Kingdom. Private jet flights in Saudi Arabia GACA said the move represents a major step in advancing the goals of the Aviation Program, a key initiative under the National Transport and Logistics Strategy, which aims to make Saudi Arabia the leading aviation hub in the Middle East by 2030. The program also supports the Kingdom's ambition to transform into a global logistics hub connecting three continents. According to GACA, the certification of VistaJet reflects its commitment to applying the highest safety standards and marks progress toward enhancing the quality of private aviation services. It also aligns with efforts to create an attractive investment environment and foster partnerships that boost the competitiveness of the aviation sector. VistaJet is expected to begin operations inside the Kingdom this year, with the dual aim of attracting high-quality investment and strengthening Saudi Arabia's global aviation presence. GACA said the move will contribute to business growth, tourism development, and sector competitiveness both regionally and internationally. The authority noted:


Zawya
9 hours ago
- Zawya
Jobs, Internships, and AI Insights: Ras Al Khaimah's Premier Careers Festival returns this October
AI & Future of Work Forum unveiled – experts explore how artificial intelligence is reshaping recruitment and skills in the UAE. Thousands of ambitious Emiratis are expected to attend the UAE's fastest-growing careers Festival. Ras Al Khaimah, UAE: The Ras Al Khaimah Jobs & Internships Festival (RAKJIF) returns for its third edition on Thursday, 9 October 2025, at the RAK Exhibition Centre, offering employers across the UAE a powerful platform to recruit, connect, and showcase their brands. Organized by the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, in partnership with the Investment and Development Office Ras Al Khaimah (IDO) and the Department of Human Resources, Ras Al Khaimah, RAKJIF has rapidly established itself as a trusted platform connecting over 1,000 ambitious Emirati jobseekers with leading employers across the UAE. This year's festival will feature participation from high-profile organizations spanning sectors such as banking, oil and gas, consulting, engineering, hospitality, and real estate. Attendees can look forward to direct access to employers, with opportunities for on-the-spot interviews, CV clinics, and personalized career guidance. With over 1,000 jobseekers expected, RAKJIF promises to be a bustling hub for professional discovery. Confirmed sponsors include PwC (Gold Sponsor) and RAK Medical and Health Sciences University (Silver Sponsor). New for 2025, the Festival introduces the AI & Future of Work Forum, where international experts, business leaders, and policymakers will share insights on how AI is transforming recruitment, workplace culture, and the skills needed for the careers of tomorrow. The forum will help employers stay ahead of emerging trends while engaging with peers from across industries. Past editions have welcomed top-tier employers such as DAMAC Properties, HSBC Bank, Hilti, Julphar, Stevin Rock, and McDonald's, reinforcing RAKJIF's reputation as a high-impact platform for recruitment and workforce development. Save the Date – Join Us This October The Ras Al Khaimah Jobs & Internships Festival 2025 – alongside the AI & Future of Work Forum will take place on Thursday, 9 October 2025, from 9:00 AM to 5:00 PM at the RAK Exhibition Centre, bringing together employers, jobseekers, and industry experts for a full day of career-building, learning, and networking. Employers across the UAE are invited to register as exhibitors, recruiters, or sponsors. About Ras Al Khaimah Jobs & Internship Festival (RAKJIF) Launched in 2023, the Ras Al Khaimah Jobs & Internships Festival (RAKJIF) is a flagship initiative of the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, organized in collaboration with leading partners each year. The Festival provides a vital platform for Emirati students, graduates, and jobseekers to connect with employers across the UAE through on-the-spot interviews, career workshops, and internship opportunities. With its focus on Emiratization and workforce development, RAKJIF supports both talent and employers, contributing to the UAE's broader economic and social growth.