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Saturday, 31 March 2018

Saudi Arabia to become major solar power exporter under new plan | ZAWYA MENA Edition

Saudi Arabia to become major solar power exporter under new plan | ZAWYA MENA Edition:

"The Saudi solar initiative will diversify the national economy and stimulate investment in non-oil industries. The project will also reduce solar power production costs and create employment opportunities, with up to 100,000 jobs in solar power schemes alone. Saudi Arabia has unveiled plans to transform its solar power production, in line with the Vision 2030 strategy to diversify the country’s economy and end its reliance on oil. Under the Solar Power Project Plan 2030, the Kingdom expects to produce 200 gigawatts of the solar power by 2030, acccording to the SPA."



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Qatar energy firms to raise foreign share ownership to 49% -QP | ZAWYA MENA Edition

Qatar energy firms to raise foreign share ownership to 49% -QP | ZAWYA MENA Edition:

"Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) after limits on foreign ownership were lifted, the state-owned energy company said on Saturday.

In a statement, QP said shareholder ownership limits in the companies would also be raised, to 1 percent for Qatar Electricity and Water Company (WOQOD) and to 2 percent for Gulf International Services Company and Mesaieed Petrochemical Holding Company.

The three firms will take the steps needed to approve the increase in the foreign ownership limit to 49 percent within the coming weeks, the statement said.
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