Latest news with #PrinceAbdulaziz
Arab News
15 hours ago
- Politics
- Arab News
Saudi interior minister holds meeting with employees on scholarship in London
LONDON: Saudi Minister of Interior Prince Abdulaziz bin Saud bin Naif in London on Tuesday met several ministry employees studying in the UK. During the meeting, Prince Abdulaziz highlighted the ministry's commitment to offering scholarships and distinguished educational opportunities to its employees, adding that investing in individuals is key to achieving the Kingdom's Vision 2030. He said that scholarship holders will return to the Kingdom after acquiring academic and professional skills, bringing science and knowledge to contribute to Saudi Arabia's development. Assistant Minister of Interior Dr. Hisham bin Abdulrahman Al-Falih and several senior officials from the ministry attended the meeting in the English capital.
Zawya
a day ago
- Politics
- Zawya
Saudi Arabia, UK sign new security agreements to deepen future cooperation
LONDON — Saudi Minister of Interior Prince Abdulaziz bin Saud signed a series of security agreements with his British counterpart, Yvette Cooper, during an official visit to London aimed at strengthening future cooperation between the two countries. The meeting, held under the directives of Crown Prince and Prime Minister Mohammed bin Salman, focused on a wide range of internal security issues. Both sides discussed areas of mutual interest between their respective ministries of interior and affirmed their commitment to enhancing strategic cooperation. Prince Abdulaziz stated on X: 'Today, in the Joint Security Committee meeting of the Saudi-British Cooperation Program (JPO), we discussed the agenda items and signed several agreements as part of our strategic partnership and ongoing collaboration in all security fields.' He emphasized that the meeting reflects the Kingdom's commitment to advancing security ties with the UK, particularly in combating organized crime in all its forms and in facilitating the exchange of expertise and best practices between professionals in both countries. The minister also highlighted the ongoing progress in bilateral security cooperation, citing the signed agreements as a foundation for deeper joint efforts in line with the ambitions of both governments. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
7 days ago
- Politics
- Arab News
Nuclear watchdog boss reviews latest developments with Saudi ministers
RIYADH: Rafael Grossi, the head of the International Atomic Energy Agency, held talks with the Saudi foreign minister, Prince Faisal bin Farhan, and energy minister, Prince Abdulaziz bin Salman, in Riyadh on Wednesday. Grossi and Prince Faisal discussed regional developments and ways in which international action on issues of common interest might be strengthened. Abdulrahman Al-Rassi, the deputy minister for multilateral affairs at the Foreign Ministry was also present. In a separate meeting, Grossi and Prince Abdulaziz talked about enhanced cooperation and the application of international standards for nuclear safety and security. The officials also discussed preparations for the International Conference on Nuclear and Radiological Emergencies, which will take place in Riyadh from Dec. 1-4. The Kingdom's Nuclear and Radiological Regulatory Authority is organizing the event in cooperation with the IAEA. In a message posted on social media platform X, Grossi said his meeting with Prince Abdulaziz highlighted 'the excellent and growing cooperation between IAEA and Saudi Arabia, as plans for its civilian nuclear program advance.' The Kingdom has been working closely with the UN's nuclear watchdog since 2023 to enhance its infrastructure and capabilities in nuclear and radiation energy, while supporting energy diversification.
Zawya
14-07-2025
- Business
- Zawya
ACWA Power consortium signs $8.3bln Saudi renewable energy project deals
Saudi Principal Buyer has announced that it has signed power purchase agreements with a consortium led by Saudi utility major Acwa Power for seven new renewable energy projects worth a total of SAR31 billion ($8.3 billion). These deals fall within the National Renewable Energy Program, supervised by the Saudi Ministry of Energy. On completion, the projects will boast a total capacity of 15,000MW. Saudi Principal Buyer said the consortium will have Acwa Power as the main developer, with partners - Water and Electricity Holding Company (Badeel), owned by the Saudi sovereign fund PIF, and Aramco Power, owned by global oil giant Saudi Aramco. The signing ceremony was attended by Minister of Energy and the Board of Directors of the Principal Buyer Prince Abdulaziz bin Salman bin Abdulaziz Al Saud. Saudi Principal Buyer said of these seven renewable energy projects, five are photovoltaic (PV) solar projects: *Bisha Project in Aseer Region, with a capacity of 3,000MW and a levelized cost of energy (LCOE) of 4.83708 halalas/kWh (1.28989 US cents). *Humaij Project in Madinah Region, with a capacity of 3,000MW and an LCOE of 4.90682 halalas/kWh (1.30848 US cents). *Khulis Project in Makkah Region, with a capacity of 2,000MW and an LCOE of 5.10439 halalas/kWh (1.36117 US cents). *Afif 1 Project in Riyadh Region, with a capacity of 2,000MW and an LCOE of 4.74736 halalas/kWh (1.26596 US cents). *Afif 2 Project in Riyadh Region, with a capacity of 2,000MW and an LCOE of 4.72346 halalas/kWh (1.25959 US cents). The two wind energy projects are: *Starah Project in Riyadh Region, with a capacity of 2,000MW and an LCOE of 7.71422 halalas/kWh (2.05712 US cents). *Shaqra Project in Riyadh Region, with a capacity of 1,000MW and an LCOE of 6.99750 halalas/kWh (1.86600 US cents). Saudi Principal Buyer said the signing of these agreements represents the largest capacity globally signed for renewable energy projects in a single phase. It confirms the kingdom's continued leadership in developing renewable energy infrastructure and achieving globally competitive costs of electricity production per kilowatt-hour, due to efficient financing and development models, as well as growing investor confidence in the Saudi investment environment. Saudi Principal Buyer has a major role in these projects as the key entity responsible for preparing feasibility studies, tendering electricity generation projects, and signing power purchase agreements with developer consortia. To date, the company has launched renewable electricity generation projects with a total capacity of 43,213 MW. Of these, power purchase agreements have been signed for projects with a total capacity of 38,713 MW, while 10,213 MW have already been connected to the grid. By the year end, the total capacity of grid connection is set to hit 12,713 MW and further soar to 20,013MW by 2026-end. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
The National
13-07-2025
- Business
- The National
Saudi Arabia signs renewable energy deals worth $8.3bn with Acwa Power consortium
Saudi Arabia has signed agreements worth more than 31 billion riyals ($8.3 billion) for seven renewable energy projects with an Acwa Power -led consortium to boost the kingdom's green energy capacity. Power purchase agreements for new solar and wind energy projects with 15 gigawatts capacity signed by the state-owned company Principal Buyer in the presence of the Saudi Energy Minister Prince Abdulaziz bin Salman are part of the country's National Renewable Energy Programme, the Saudi Press Agency reported on Sunday. 'The signing of these agreements represents the largest capacity globally signed for renewable energy projects in a single phase,' SPA said. 'It confirms the kingdom's continued leadership in developing renewable energy infrastructure and achieving globally competitive costs of electricity production per kilowatt-hour, due to efficient financing and development models, as well as growing investor confidence in the Saudi investment environment.' Acwa Power is the main developer for the developments in partnership with the Public Investment Fund-owned Water and Electricity Holding Company (Badeel), and Aramco Power, a subsidiary of state-controlled oil and gas giant Saudi Aramco. Principal Buyer is responsible for preparing feasibility studies and tendering electricity generation projects, SPA added. So far, it has launched renewable electricity generation projects with a total capacity of 43 gigawatts. Of these, Principal Buyer has already signed power purchase agreements for projects with a capacity of 38 gigawatts. The remaining 10.21 gigawatts have already been connected to the national grid. Saudi Arabia expects the capacity connected to the grid to reach 12.7 gigawatts by the end of this year and rise to more than 20 gigawatts by the end of 2026. The solar deals signed on Sunday include a three-gigawatt Bisha project in Aseer, a three-gigawatt development in Madinah, the Khulis Project in Makkah with a capacity of two gigawatts, and Afif 1 and Afif 2 in Riyadh, each with a two-gigawatt capacity. The wind energy projects include two in Riyadh: the Starah development with a capacity of two gigawatts and the one-gigawatt Shaqra project, SPA reported. Backed by the PIF, Acwa Power is one of the largest renewable energy developers in the Middle East. It currently has operations in 14 countries across the Middle East, Africa, and Central and South-East Asia. It is an investor in and operator of 101 power generation and water desalination projects in operation, construction and advanced development with an overall portfolio size of about $107.5 billion as of February this year. The company has grown quickly over the years, capitalising on the rising demand of green energy in the Middle East and the 14 countries it operates in. Renewable energy generation in the Middle East is forecast to grow by about 14 per cent per year from now until 2027, with its share of the overall energy mix rising from 5 per cent to 7 per cent, according to the International Energy Agency. Beyond the region, Acwa Power is eyeing markets including China to further strengthen its global footprint. The company plans to grow its business in China despite concerns of a trade war with the US, chief executive Marco Arcelli said in March. The company has already entered China's renewable energy market with agreements for projects that will generate one gigawatt of electricity. By 2030, it aims to invest up to $30 billion in China – the world's largest renewable energy market – in line with its plans to triple its overall assets under management to about $250 billion. 'We take a long-term view, and we see China as a very strong economy,' Mr Arcelli told The National. 'China has a programme of installing 250-300 gigawatts of renewables per year, and the commitment there is very strong. The scale is such that even if, in theory, it slows down by 10 per cent, it is still a gigantic market.'
