Latest news with #AlHilalPublishingandMarketingGroup
Zawya
20-05-2025
- Business
- Zawya
ACWA Power inks $500mln deals with top US firms at key Saudi forum
Saudi-based Acwa Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of MoUs with US companies, totalling $500 million. Signed at the Saudi–US Investment Forum in Riyadh, these agreements build on Acwa Power's existing partnerships with American firms, which now exceed $6 billion. Building on a long history of collaboration between Saudi Arabia and the US, these agreements further strengthen the strategic partnership between the two nations, driving innovation and investment in the energy sector, and supporting Saudi Arabia's Vision 2030 and ambition to reach net zero emissions by 2060. "These strategic partnerships with leading American companies are a direct investment in the future of Saudi Arabia, aligning with the key objectives of Vision 2030,' said Raad Al Saady, the Vice Chairman and Managing Director of Acwa Power. "We are committed to leveraging American innovation and expertise to accelerate the development of renewable energy solutions, creating jobs, diversifying the economy, and supporting a sustainable future for the Kingdom," he stated. CEO Marco Arcelli pointed out that Acwa Power's strategy was driven by value-driven partnerships like these. "Access to cutting-edge technology and expertise is critical as we diversify our portfolio, expand into new markets, and achieve our objectives in meeting net zero by 2050," he stated. Strengthening its leading role in solar energy, Acwa Power will collaborate to deploy advanced tracker technologies for photovoltaic solar energy projects. This partnership aims to reduce energy costs and increase local production capabilities, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Wizz Air celebrates 21 years with 21% off flights
Wizz Air is offering up to 21% off all flights on its network for its 21st birthday, available exclusively on May 19 and 20. 'Wizz Air's 21st birthday is a celebration of exciting growth, innovation, and our commitment to making travel accessible to all. From our base in Abu Dhabi, we've connected millions of passengers to hidden gems and major cities across the region and beyond, with unbeatable fares and a focus on high-quality service. As we look ahead, we remain dedicated to making travel affordable, supporting tourism in and out of the UAE capital and enabling more people to discover the world in smarter ways,' said Johan Eidhagen, Managing Director of Wizz Air Abu Dhabi. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
29-04-2025
- Business
- Zawya
Symbolic delivers maiden project ahead of schedule in Dubai
UAE - Symbolic Developments, a boutique and innovative real estate developer by the distinguished Speedex Group, has announced early completion and handover of its inaugural project, Symbolic Alpha in Dubai. Delivered in just 14 months — well ahead of schedule from June 2025 - this milestone emphasises the company's commitment to efficiency, innovation, and premium quality in real estate development, it said. The AED150 million ($40.84 million), Symbolic Alpha comprises 97 fully furnished, upscale apartments that blend modern living, sustainability, and comfort. Located in Liwan, Dubai and offering exclusively crafted 1 BHK and 2.5 BHK, the project has garnered overwhelming demand, attracting a diverse mix of UAE residents and international buyers, with a majority being families and end-users seeking high-quality, spacious homes. The development features Vaastu-compliant layouts, smart home technology, and premium finishes enhancing residents' lifestyles. "Completing our inaugural project, Symbolic Alpha, ahead of schedule marks a significant milestone for us. Transforming an idea into reality within just 14 months showcases our dedication to excellence, precise execution, and customer satisfaction. This achievement sets a strong foundation for future endeavors as we continue to develop high-quality residential spaces in Dubai's strategic locations, emphasizing sustainability, community living, and smart home features," said Murtaza Moiz, Vice Chairman of Symbolic Developments and Speedex Group. "Following the early completion and handover of our maiden project in Liwan, our second venture, Symbolic Aura, is already sold out, with construction underway and on track for an early handover, reinforcing our reputation as a trusted developer delivering premium residential experiences in sought-after locations," Moiz said. "Symbolic Alpha is more than just a real estate project—it marks the beginning of our journey to redefine premium sustainable living in Dubai. Every detail, from its architecture to its amenities, has been designed to enhance residents' lifestyles. The overwhelming response from buyers confirms that homeowners in Dubai seek thoughtfully designed, high-quality residences that offer both functionality and long-term value," said Karan Arora, Head of Sales and Marketing at Symbolic Developments. Symbolic Alpha offers a temperature-controlled swimming pool, state-of-the-art fitness centre, jogging track & yoga garden, EV charging stations, energy-efficient features for a sustainable lifestyle and many other features. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
28-04-2025
- Business
- Zawya
Saudi Cluster 2 Airports Company records 38,700 flights in Q1
Cluster 2 Airports Company, the operator of 22 international and domestic airports across Saudi Arabia, said it has achieved a 4.5% growth in air traffic during the first quarter of 2025, with 38,700 flights recorded, spanning international, domestic, and private aviation. The cluster also reported a 9.5% surge in passenger traffic, which soared to 4.6 million passengers, said the company in a statement. Air cargo at Cluster 2 Airports saw a significant 34% growth, with total exports reaching 132.11 tonnes and total imports amounting to 154.89 tonnes. By representing Saudi Arabia, Cluster 2 Airports Company earned multiple national achievements in the first three months, including international awards. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
21-04-2025
- Business
- Zawya
Kuwait plans nearly $6bln spend on infrastructure in 2025-26
Kuwait has allocated nearly $6 billion towards infrastructure and services projects in its 2025-2026 budget with special focus on rail, roads, water, electricity as well as the construction of the Mubarak Al Khabeer Port, said media reports. The budget includes capital spending of nearly KD1.7 billion ($5.7 billion) and more than 90 projects, reported the Arabic language daily Alqabas, citing official papers. The government has set a number of goals to be achieved through such projects in the current include increasing growth rates, expanding the private sector's role in the economy and boosting non-oil revenues, it stated. The Kuwaiti government is embarking on 90 new projects in various sectors, including roads, education, health, and infrastructure, reported Arab Times citing a senior official. "For example, two new football stadiums are being planned in the new cities in the northern parts of Kuwait, at a total cost of KD1.7 billion," he stated. While the budget is ambitious, we need projects that provide long-term benefits, help maintain our competitive edge, and create job opportunities for the estimated 25,000 new graduates entering the workforce each year, Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
