Latest news with #TradeArabiaNewsService
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. (
Trade Arabia
06-05-2025
- Business
- Trade Arabia
Modon launches first townhouses on Abu Dhabi's Hudayriyat Island
Modon Holding, a UAE-based holding company, has announced the launch of the first townhouses on Abu Dhabi's Hudayriyat Island at Nawayef Village. Nawayef Village, a gated community within the larger Nawayef project on the island, will offer 378 freehold units, including three- and four-bedroom townhouses and five-bedroom twin villas set in an environment, designed to evoke the spirit of Tuscany. Located between the West and East Hills of Nawayef, the integrated development will feature green spaces and community facilities, with retail outlets nearby. Bill O'Regan, Group CEO of the Abu Dhabi-based company, said: 'The launch of Nawayef Village, an integral part of the Hudayriyat masterplan, represents yet another key milestone in our efforts to redefine community living. 'Responding to strong demand for townhouses in Abu Dhabi, Nawayef Village will offer residents lush landscapes and a comprehensive suite of amenities and facilities, perfectly curated to provide an elevated standard of living,' he added. The wider Nawayef development enables community living with the city only a short drive away. A number of distinct neighbourhoods make up Nawayef, each offering views across the Abu Dhabi skyline and the azure waters surrounding Hudayriyat Island, with a range of exclusive home designs available to suit a variety of preferences and needs. Ibrahim Al Maghribi, CEO of Modon Real Estate, added: 'The exclusive townhouses at Nawayef Village are not simply homes but stand as a new benchmark for community living in Abu Dhabi. Residents can expect to find all the amenities and facilities they need within reach, the highest quality of finishes and meticulous attention to detail throughout, ensuring an entirely superior living experience in one of Abu Dhabi's most desirable locations.'-TradeArabia News Service
Zawya
05-05-2025
- Business
- Zawya
Mideast emerges as global business events powerhouse: report
Investment, ambition and diversification are at the heart of the Middle East's flourishing business events market, reveals the latest Regional Trends Report from IBTM World. Projecting the region as 'one to watch', the much-anticipated report, unveiled at day three of Arabian Travel Market, takes a deep dive into the growing power of this fast-emerging business events destination in the global MICE industry. From renewables to fintech and telecoms to space travel, growth is being nurtured in both new and existing industries, with businesses and brands in the UAE, Saudi Arabia and Qatar at the forefront of this. As business grows, infrastructure is being built at breakneck speed to house the many meetings and events needed to support it. Talent from around the world is also following suit, with a new business or venue, as well as new infrastructure, opening every day in the Middle East. Alongside geo-adapted supply chains and a culturally creative offering, this is why some of the most impressive event brands in the world are making the thriving region their home. Written by Managing Director of Eight PR & Marketing, Alistair Turner, the inaugural report also sheds light on the return of face-to-face events in the Middle East. In a business culture where in-person interactions are highly valued, around 70 per cent of meetings in the region now take place face-to-face, with just 30 per cent happening virtually or in a hybrid format. Claudia Hall, IBTM World Exhibition Director, said: 'As the Middle East continues to entice event planners with evermore innovative and exciting opportunities, we're delighted to be able to provide event professionals with a snapshot of this exhilarating, dynamic and thriving region. It's important event professionals understand the landscape they're operating in, and this report does just that – giving them the knowledge and context they need to navigate everything the pioneering Middle Eastern events sector has to offer, and the contribution it can make to a flourishing business events industry of the future.' -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
04-05-2025
- Business
- Trade Arabia
Mideast emerges as global business events powerhouse: report
Investment, ambition and diversification are at the heart of the Middle East's flourishing business events market, reveals the latest Regional Trends Report from IBTM World. Projecting the region as 'one to watch', the much-anticipated report, unveiled at day three of Arabian Travel Market, takes a deep dive into the growing power of this fast-emerging business events destination in the global MICE industry. From renewables to fintech and telecoms to space travel, growth is being nurtured in both new and existing industries, with businesses and brands in the UAE, Saudi Arabia and Qatar at the forefront of this. As business grows, infrastructure is being built at breakneck speed to house the many meetings and events needed to support it. Talent from around the world is also following suit, with a new business or venue, as well as new infrastructure, opening every day in the Middle East. Alongside geo-adapted supply chains and a culturally creative offering, this is why some of the most impressive event brands in the world are making the thriving region their home. Written by Managing Director of Eight PR & Marketing, Alistair Turner, the inaugural report also sheds light on the return of face-to-face events in the Middle East. In a business culture where in-person interactions are highly valued, around 70 per cent of meetings in the region now take place face-to-face, with just 30 per cent happening virtually or in a hybrid format. Claudia Hall, IBTM World Exhibition Director, said: 'As the Middle East continues to entice event planners with evermore innovative and exciting opportunities, we're delighted to be able to provide event professionals with a snapshot of this exhilarating, dynamic and thriving region. It's important event professionals understand the landscape they're operating in, and this report does just that – giving them the knowledge and context they need to navigate everything the pioneering Middle Eastern events sector has to offer, and the contribution it can make to a flourishing business events industry of the future.' -TradeArabia News Service
