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16/08/2017 07:05 AST
Kuwait will issue a tender to build the estimated $1.2 billion (Dh4.4 billion) Dibdibah solar-power plant in the first quarter of 2018 as part of the country’s plans to produce 15 per cent of power from renewable energy by 2030.
Opec’s fifth-biggest oil producer set a September 7 deadline for companies to express interest in the 1 gigawatt project, Shukri Abdul Aziz Al Mahrous, deputy chief executive officer of planning and finance at Kuwait National Petroleum Co, said in an interview at the company’s headquarters south of Kuwait City. The cost will be about $1.2 billion, he said. Dibdibah will produce half of the country’s planned renewable energy output, he said.
Gulfnews
Ticker | Price | Volume |
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SABIC | 114.77 | 5,915,941 |
05/04/2018
Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa
Arab News
05/04/2018
In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.
A massiv
Arab News
05/04/2018
Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices
The National
05/04/2018
Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re
Times of Oman
05/04/2018
Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i
The Peninsula