Onjo Simson

  Saudi Crown Prince Mohammed bin Salman recently visited the United Arab Emirates (UAE) on a private visit, marking his first visit to the country in three years. The visit, which took place on December 1, 2024, was warmly received by UAE President Sheikh Mohamed bin Zayed Al Nahyan. During the visit, the two leaders engaged in cordial discussions reflecting the deep-rooted fraternal relations between the UAE and Saudi Arabia. The Saudi Crown Prince conveyed the greetings of King Salman bin Abdulaziz Al Saud and extended his congratulations to the UAE President on the occasion of the UAE's 53rd National Day. The discussions also explored the enduring fraternal ties between the two countries and opportunities for further development under their special strategic partnership. The visit underscored the importance of strengthening Gulf cooperation and advancing joint efforts to ensure regional stability and security. The two leaders emphasized the need for concerted efforts to maintai...

  Abu Dhabi's Masdar consortium, in partnership with France's EDF Renewables and Saudi conglomerate Nesma Company, has successfully won a bid to develop and operate a massive $1 billion solar plant in Saudi Arabia. The agreement includes a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC ), allowing them to construct and manage a 1,100-megawatt solar facility. This plant is expected to power over 190,000 homes annually and significantly reduce carbon emissions by displacing more than 1.8 million tonnes of carbon dioxide each year. The Al Henakiyah solar power plant was awarded to the consortium due to their highly competitive bid of $16.84 per megawatt-hour, demonstrating their commitment to making renewable energy more accessible and sustainable. With plans to reach financial closure in the early months of the next year and connect to the grid by 2025, this project aligns with Saudi Arabia's Vision 2030, aiming to generate 50% of its electricit...