Saudi Arabia to set up SR188m solar plant in Bangladesh

Updated 14 December 2017
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Saudi Arabia to set up SR188m solar plant in Bangladesh

RIYADH: Saudi Arabia has signed an agreement in Dhaka to set up an SR188 million solar plant in Bangladesh.
The agreement was signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Riyadh-based Alfanar Energy, which is a 100 percent subsidiary of the Alfanar company.
FBCCI Secretary General Hussein Jameel and Alfanar Energy Project Coordinator Mohammed Irfan inked the accord in the presence of Bangladesh Ambassador Golam Moshi and Mushabab bin Abdullah Al-Qahtani, who was heading the Council of Saudi Chambers team.
Bangladesh Embassy Commercial Counselor Mohammed Abdul Hassan, who returned from Dhaka on Tuesday, told Arab News that the plant, which will be located in the port city of Chittagong, is expected to produce 40MW to 100 MW of power in Bangladesh. He said the project will be completed within six months.
He said that the visiting Saudi and Bangladeshi officials also discussed details of other big projects including a paper mill, a cement factory and a factory for Diammonium Phosphate (DAP).
The counselor said the two-way trade between the two countries is estimated at $1 billion, which is in favor of the Kingdom, whose exports had reached $750 million.
In a statement to Arab News, Mushabab Al-Qahtani stressed the keenness of the Saudi business sector to strengthen trade and investment ties with the Bangladeshi business sector and build partnerships that boost economic relations between the two countries.
During the Bangladeshi-Saudi Economic Forum, organized by the FBCCI in Dhaka, Bangladeshi Trade Minister Tufail Ahmed called on Saudi investors to establish a “special economic zone” in his country to boost trade and investment between the two countries and benefit from the safe investment climate there.
Alfanar Energy is a developer and IPP in the renewable field across the technologies including PV, CSP, wind, biomass, geothermal, waste to energy and IWP in the water sector. It has a current pipeline of 800 MW investment projects spread across Europe, East Africa and South Asia. Established in 1976, it is currently the region’s leading player in the energy sector, EPC business, design and development, and has built facilities in the Middle East and 17 other countries. Its turnover in 2016 exceeded $2.15 billion.
 


UAE celebrates Saudi National Day

Updated 23 September 2018
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UAE celebrates Saudi National Day

DUBAI: The celebratory mood to mark Saudi Arabia’s 88th National Day has reached as far as New York, with Nasdaq displaying images of the Kingdom’s rulers at its tower on Times Square in New York while Dubai carrier Emirates is pulling out all the stops to join in the festivities.

The Dubai airline operated a special one-off A380 service, known as EK 813 and EK 814, on Sunday to the capital city of Riyadh, touching down at King Khalid International Airport at 3:30pm. The return flight was scheduled to depart at 6:50pm.

A YouTube video from Emirates also showed crew handing out scarves embroidered with the countries’ flags, as well as white roses, to passengers while boarding the A380 aircraft.

 

Nasdaq Dubai, the UAE-based operations of the New York equities exchange, posted: “Best wishes from #NasdaqDubai to #SaudiArabia on the occasion of the 88th National day” in its Twitter account, along with photos containing images of King Salman and Crown Prince Mohammed being projected on a huge electronic billboard. A separate tweet also showed an 11-second video with the merged UAE and Saudi Arabian flags fluttering on the billboard.

 

 

Burj Khalifa, the tallest building in the world, will be illuminated in the national flag of Saudi Arabia, in a display of friendship between the UAE and its Gulf neighbor.

In the UAE’s capital, the General Command of Abu Dhabi Police decorated 88 of their cars – one for every year being celebrated – with the flags of Saudi Arabia and the UAE and the words “Together Forever.”

Meanwhile, Etihad Airways’ Wesam Sameer Al-Najjar, the only Saudi National A380 pilot in the world, together with Captain Ahmed Almalood from the UAE, flew the A380 Year of Zayed aircraft to Jeddah for a special one-off service to mark the event.