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China Energy Commissions Region's Largest Solar Plant in Saudi Arabia

China Energy Commissions Region's Largest Solar Plant in Saudi Arabia

CairoScene24-05-2025
With a capacity of 2.6 GW, the Shuaibah Solar Power Plant is set to become the Middle East's largest renewable energy facility.
China Energy Engineering Corporation (CEEC) has begun commissioning the Shuaibah Solar Power Plant near Jeddah, Saudi Arabia, which is planned to become the Middle East's largest solar energy facility. Once fully operational, the plant will boast a capacity of 2.6 gigawatts and is expected to generate over 282 billion kilowatt-hours of electricity during its 35-year lifespan—offsetting approximately 20 million tonnes of carbon dioxide emissions annually.
The Shuaibah project is a joint initiative between CEEC, Saudi Arabia's ACWA Power, and the Water and Electricity Holding Company (Badeel), and is a cornerstone of Saudi Arabia's Vision 2030 strategy to diversify its energy portfolio and reduce reliance on fossil fuels.
The facility will feature advanced photovoltaic technologies and integrated automation systems, establishing new technical benchmarks for large-scale renewable energy infrastructure in the region.
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Banque Misr Signs Cooperation Protocol with Egypt Real Estate Platform to Boost Mortgage Services
Banque Misr Signs Cooperation Protocol with Egypt Real Estate Platform to Boost Mortgage Services

Economic Key

time18 hours ago

  • Economic Key

Banque Misr Signs Cooperation Protocol with Egypt Real Estate Platform to Boost Mortgage Services

As part of its commitment to providing innovative solutions in the field of real estate financing, Banque Misr has signed a cooperation protocol with E-systematic for Technology and Project Management, the owner of The Official Egyptian Real Estate Platform, which is the first official platform specialized in the Egyptian real estate sector. The cooperation aims to facilitate customer access to mortgage financing services through the platform, where interested clients will be able to calculate an estimated mortgage value and communicate directly with the bank via the platform. This collaboration comes within the framework of the bank's efforts to support the national economy and achieve Egypt's Vision 2030 by making mortgage services more accessible and adopting innovative digital solutions. Customers seeking to purchase real estate units will be able to benefit from exclusive financing offers and advantages tailored to their needs. The cooperation also supports the government's strategy to promote Egyptian real estate regionally and internationally, especially among Egyptians working abroad, while also enhancing foreign investment in the sector by leveraging the state's official reliance on the platform to organize the real estate market. Ms. Hend Fahmy, Head of Financial Inclusion and Mortgage Financing at Banque Misr, stated that this collaboration comes within the bank's commitment to supporting the real estate sector and making access to innovative financing solutions easier. She added that this step will enhance customer experience and make mortgage financing more accessible, thus supporting financial inclusion in the Egyptian market. She also pointed out that by the end of July 2025, the bank's mortgage financing portfolio had reached around EGP 23 billion, benefiting more than 150,000 clients, thanks to the bank's comprehensive financing programs designed to meet the needs of different social segments. Commenting on the agreement, Mr. Ahmed Elbatrawy, Founder and Chairman of The Official Egyptian Real Estate Platform, said: 'The cooperation with Banque Misr represents a qualitative leap in the real estate market, as we connect for the first time between real estate supply and demand data and direct mortgage financing services. This step not only strengthens citizens' trust in the platform but also opens wider horizons for developers and investors, reinforcing Egypt's position as a leading real estate market in the region.' Mr. Essam Bahgat, CEO of The Official Egyptian Real Estate Platform, expressed his pride in this strategic cooperation with Banque Misr, describing it as a pivotal step toward integrating mortgage financing services within the digital property search experience. He noted that this partnership will simplify the ownership journey for citizens and investors and support digital transformation goals in the Egyptian real estate market. Banque Misr attaches great importance to the real estate sector, offering various financing programs to meet customer needs, with the goal of enhancing service quality and contributing to Egypt's sustainable development and prosperity. The Official Egyptian Real Estate Platform is the first integrated real estate data platform officially recognized as a reference for the Egyptian real estate market. This unique status, both locally and globally, makes its cooperation with Banque Misr a pioneering model of integration between the financial and real estate sectors. The partnership enhances transparency and enables citizens and investors to access innovative financing solutions aligned with the best international standards. تم نسخ الرابط

UNDP Egypt Welcomes Chitose Noguchi as New Resident Representative
UNDP Egypt Welcomes Chitose Noguchi as New Resident Representative

See - Sada Elbalad

timea day ago

  • See - Sada Elbalad

UNDP Egypt Welcomes Chitose Noguchi as New Resident Representative

Ahmed Emam The United Nations Development Programme (UNDP) has announced the appointment of Ms. Chitose Noguchi as its new Resident Representative in Egypt, effective August 17, 2025. Noguchi officially assumed her post after presenting her credentials to Egypt's Ministry of Foreign Affairs. She succeeds Mr. Alessandro Fracassetti, who led UNDP Egypt for the past four years. The organization expressed its gratitude to Fracassetti for his leadership and contributions to advancing Egypt's inclusive and sustainable development agenda. Bringing more than 25 years of experience in international development and crisis response, Noguchi most recently served as Acting Special Representative and Deputy Special Representative with UNDP's Programme of Assistance to the Palestinian People (PAPP), where she headed the Gaza Sub-office. Her work has focused on emergency response, resilience building, governance, climate resilience, and sustainable resource management in some of the world's most challenging contexts. 'I am honoured to assume this role in Egypt and to build on the achievements of recent years,' Noguchi said upon her arrival in Cairo. 'My priority is to deliver concrete results that strengthen resilience and expand opportunities, in close partnership with the Government of Egypt, national and international partners.' Noguchi has also held senior leadership roles at UNDP Headquarters in New York, including as Global Programme Manager in the Bureau for Policy and Programme Support. In that capacity, she co-led the establishment of the UN Joint SDG Fund and oversaw global initiatives on institutional capacity development, quality assurance, and results-based management. Her career began with CARE International, where she served in various leadership positions, including Deputy Country Director in Vietnam and National Director of CARE Japan. She holds a bachelor's degree in law from the University of Tokyo and a master's degree in international development from George Washington University. Her appointment comes at a crucial time, as UNDP continues to support Egypt's Vision 2030 and the Sustainable Development Goals, with a focus on climate action, economic growth, job creation, and social protection. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated

Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting
Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting

Mid East Info

timea day ago

  • Mid East Info

Saudi Arabia To Host Trio of Co-located Trade Events and Turn Riyadh into Sourcing Hub for Toys, Stationery, and Corporate Gifting

Kids & Toys Expo, Gifts & Homeware Expo, and Stationery & Paper Expo, Saudi Arabia to run at Riyadh Front Exhibition & Conference Centre to connect global brands with Saudi buyers Aligned with Kingdom's Vision 2030 goals, the trio of inaugural shows will empower future of play, stationary, and gift-giving from 16-18 September in Saudi capital Riyadh, Saudi Arabia, August, 2025: Riyadh will become the epicentre of a series of trade-only exhibitions next month when dmg events organises the inaugural Kids & Toys Expo Saudi Arabia, Stationery & Paper Expo Saudi Arabia, and Gifts & Homeware Expo Saudi Arabia. All three shows will be co-located under one roof at the Riyadh Front Exhibition & Conference Centre from 16-18 September, providing attendees with a comprehensive platform for all their sourcing needs. The debutant trio represents the Kingdom's first full-service B2B sourcing hub, giving local distributors and traders, retailers and resellers, government stakeholders, mega project developers, entrepreneurs, and investors, the opportunity to meet more than 150 regional and global exhibitors. Among the confirmed exhibitors are representatives from 23 countries, including four with their own major national pavilion: China, Türkiye, and Hong Kong. The co-location also offers buyers the opportunity to consolidate multiple procurement needs in a single visit, streamlining supply chains and reducing sourcing time while fuelling strategic partnerships that support Vision 2030 goals. 'This represents something of a marketplace revolution,' said Jasmeet Bakshi, Vice President, Design and Hospitality at dmg events. 'For the first time, three dedicated B2B exhibitions will run side-by-side at the Riyadh Front Exhibition & Conference Centre, creating a sourcing super-hub designed to transform how Saudi businesses buy, connect, and grow. 'By co-locating these specialised events, we are enabling buyers to meet world-class suppliers, discover market-ready innovations, and forge valuable partnerships in a single visit. The concept is simple but powerful: Bring the right people and the right products together in one place, and business will happen faster. For busy buyers, this means less travel, less time lost, and more strategic sourcing.' Three Industries, One Destination for Business Growth: At the Kids & Toys Expo Saudi Arabia – the Kingdom's first trade event uniting the full kids and toys ecosystem from educational to hi-tech and digital children's products – visitors will step into a world of creativity, innovation, and imagination. With a heavily import-dependent market forecast to grow 12 per cent annually to reach a value of US$1.4 billion by 2030, the Kingdom's demand for high-quality, innovative toys is soaring. From Global brands such as Mattel, Hasbro, Disney, Crayola and Spinmaster to AI toy leader Anki Toys and leading local players such as Samaco Toys, Al Shula, Supreme Trading, Hobbies Castle, the show will reveal the trends shaping the future of play. 'This exhibition has the power to be a gateway to market transformation by being a springboard for local manufacturing and strategic partnerships,' added Bakshi. The Stationery & Paper Expo Saudi Arabia will unveil and celebrate the tools that power schools and offices, from sustainable paper products and smart office solutions to premium writing instruments from brand leaders including Abo Moati, Pilot Pens, Linc Limited, the BNB Group, and DOMS. Highlighting artisanry, innovative designs, and corporate gifting, the show is a window into how tradition meets innovation in an industry where creativity is increasingly both physical and digital. 'Stationary and Paper Expo Saudi Arabia promises to be a hub for idea empowerment through paper, where innovation and technology are answering sector-wide demand for sustainability and smart office solutions,' said Bakshi. 'Visitors can look forward to seeing the latest in eco-friendly notebooks, digital writing tools, and smart organisation systems, as well as leveraging the synergy with the co-located shows for enhanced networking and efficiency.' Completing the trio is the Gifts & Homeware Expo Saudi Arabia, a curated display of corporate gifting solutions, artisan crafts, and lifestyle products. Confirmed exhibitors include Event Gifts, Alpha Arts, Rooh, Green Point, Abreeze, Sima Creative and Crystal Arc, which will unwrap exceptional business opportunities. 'This is a timely event to service the rising disposable income in a Kingdom experiencing robust growth in retail, home décor and gifting,' added Bakshi. 'Visitors will also be able to experience products first-hand, network and learn via a programme of interactive demos, and business and panel sessions.' Beyond the Show Floor – The Creative Circle: Running alongside the exhibitions, The Creative Circle is a dynamic two-day conference that will bring together more than 25 industry leaders for high-impact discussions and trend analysis. Attendees will to have access to various skill-building features – including a special collaboration with Artse, the leading marketplace for works by some of the world's best emerging and established artists. Designed as a fast-paced forum to spark ideas and foster collaboration, Creative Circle attendees will gain an insider's perspective into the trends shaping the region's retail, homeware, and gifting sectors via fast-paced panels, expert-led discussions. 'The Creative Circle is a business accelerator for the Kingdom, a platform for growth,' said Bakshi. 'It adds another layer of opportunity by offering exclusive insights on trends, consumer behaviour, and creative strategies that can directly shape business for years to come.' Global Reach, Local Impact: With more than 5,000 visitors expected, the expos are tailored exclusively for B2B buyers — from large retailers and corporate procurement teams to boutique wholesalers and e-commerce entrepreneurs. Products displayed are hand-selected for the Saudi market, ensuring they meet local business needs and consumer preferences. 'Sure, this sourcing cluster is focused on bringing products to Saudi Arabia, yet it's also strongly focused on aligning with Vision 2030 through its encouragement of local manufacturing, boosting retail competitiveness, and positioning the Kingdom as a sourcing powerhouse in the region,' added Bakshi. 'Every product on display is hand-selected for the Saudi market, ensuring cultural relevance and immediate business potential.' Organiser dmg events is also ensuring the three expos reflect global best practice in sustainability. Plastic-free badges and cups, replacing single-use plastic bottles with glass, and donating used food to workers are some of the visible steps attendees may notice next month. Meanwhile, QR code-driven marketing, reusable exhibition structures, and biofuel-powered logistics all ensure the shows are designed with environmental responsibility in mind. About Kids & Toys Expo Saudi Arabia: Kids & Toys Expo Saudi Arabia is the Kingdom's first and only trade-only platform dedicated to the children's products and toy industry. The event brings together global manufacturers and suppliers with local distributors, retailers, and wholesalers, offering the latest in educational toys, high-tech children's products, and retail innovations. Co-located with Gifts & Homeware Expo and Stationery & Paper Expo, it maximises sourcing efficiency and fosters strategic partnerships. With over 99% of the market reliant on imports, the expo provides a high-impact entry point into a sector projected to reach USD 1.4 billion by 2030. About Stationery & Paper Expo Saudi Arabia: Stationery & Paper Expo Saudi Arabia is the only B2B-focused event for the stationery and paper industry in the Kingdom, connecting local buyers with leading global brands. From eco-friendly notebooks and digital writing tools to innovative office solutions, the expo showcases the latest products designed to meet the needs of Saudi Arabia's growing market. Co-located with Gifts & Homeware Expo and Kids & Toys Expo, the event provides unmatched networking, sourcing, and learning opportunities under one roof, supported by a three-day agenda of expert sessions and workshops. About Gifts & Homeware Expo Saudi Arabia: Gifts & Homeware Expo Saudi Arabia is the premier B2B platform for the corporate gifts and homeware accessories market in the Kingdom. Bringing together global and regional brands, the event showcases innovative designs, premium craftsmanship, and corporate gifting solutions tailored to Saudi Arabia's dynamic lifestyle sector. Co-located with Kids & Toys Expo and Stationery & Paper Expo, it offers visitors the opportunity to explore multiple sectors in one visit, build strategic connections, and gain insights from industry leaders at The Creative Circle. About dmg events: dmg events is a leading organizer of face-to-face events and publisher of information services. Our mission is to accelerate business by connecting the right communities, driving growth, innovation, and progress across industries. With a presence in 25+ countries and 13 offices worldwide, Saudi Arabia, the UAE, Egypt, South Africa, the UK, Canada, Singapore, and India, dmg events organizes over 115 large-scale events annually, attracting 425,000+ professionals and delegates. As the largest international event organizer in Saudi Arabia since 2011, dmg events connects international businesses with local demand through its offices in Riyadh and Jeddah. Our growth in the Kingdom is driven by our ability to geo-adapt strong brands, build strategic partnerships and align our events with market needs. Flagship events like Big 5 Saudi, INDEX Saudi, The Hotel Show Saudi Arabia, The Saudi Food Show and Saudi Infrastructure Expo drive industry transformation.

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