INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

7.1 GW of renewable energy under production in Saudi Arabia

An additional 15 GWs are expected in 2022 and 2023. (AFP)
  • The current production capacity of renewable energy projects is 700 megawatts.
  • Energy projects are covered under the National Renewable Energy Program (NREP).

Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are now in various stages of completion, media reports said, quoting S&P Global.

An additional 15 GWs are expected in 2022 and 2023, the agency cited the ministry as saying.

The current production capacity of renewable energy projects operating across the kingdom, under what was proposed in the National Renewable Energy Program (NREP), is 700 megawatts.

A sharp increase in the volume of production capacity of facilities up and running is foreseen over the next two years, the reports said.