INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi Arabia sets up $187m solar panel factory in Tabuk

It is strategically located near the Kingdom’s giga projects in NEOM and the Red Sea, and the region also has plenty of qualified locals to work in the various jobs needed by the facility.
  • Spread over more than 27,000 square meters, the factory will have an estimated production capacity of 1.2 gigawatts
  • The new Tabuk facility uses automated machines for its production, and employs latest international technologies in the field

Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to growing demand for solar panels in the MENA region.

Spread over more than 27,000 square meters, the factory will have an estimated production capacity of 1.2 gigawatts.

The new Tabuk facility uses automated machines for its production, and employs latest international technologies in the field.

It is strategically located near the Kingdom’s giga projects in NEOM and the Red Sea, and the region also has plenty of qualified locals to work in the various jobs needed by the facility, Deputy Minister of Industry and Mineral Resources Osama Al-Zamil said.