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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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.
By TRENDS Desk
November 18, 2021 4:18 pm
  • 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.

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