African Energy Forum reviews Saudi Arabia’s Vision 2030

The African Energy Forum was held in the Portuguese capital city Lisbon.
Updated 23 June 2019

African Energy Forum reviews Saudi Arabia’s Vision 2030

The African Energy Forum, which was held in the Portuguese capital city Lisbon, reviewed the Kingdom’s Vision 2030 concerning adopting and supporting solar energy projects and Saudi Arabia’s goal to lead internationally in producing solar energy.
The event was attended by a number of ministers of energy and industry of African countries, representatives of the European Commission’s energy sector, officials of the National Office of Moroccan Hydrocarbons and Minerals, the World Bank, and representatives of private sector institutions leading in the field of renewable energy.
Participating in the session was Saudi businessman Khaled Ahmad Sharbatly, executive partner of Desert Technologies, which specializes in solar energy. He said the overall national development strategy in Vision 2030 focuses on the Kingdom’s commitment to providing upcoming generations a brighter future dependent on clean energy.
Sharbatly said Saudi Arabia has the ability to develop and manufacture solar panels and the equipment to export solar energy through the solar energy project announced last year by Crown Prince Mohammed bin Salman. The project is expected to produce 100,000 jobs in Saudi Arabia, $12 billion in GDP, and $40 billion annually.
Sharbatly also spoke about the future of energy in the African continent, especially in villages, and the importance of developing miniature solar energy power plants.

King Abdullah Economic City launches summer festival

Updated 22 July 2019

King Abdullah Economic City launches summer festival

King Abdullah Economic City (KAEC) has announced the launch of the Turquoise World summer season in the coastline of turquoise water on the Red Sea. 

Taking place until Aug. 31, the festival will feature a variety of thrilling events and activities that fulfill KAEC visitors’ and residents’ expectations, particularly those who are seeking a distinctive lifestyle of recreational and entertainment within a modern environment.

“In line with the Kingdom’s ambitious vision 2030, King Abdullah Economic City is living rapid growth in its several strategic sectors, including the quality of life program along with the tourism and leisure sector, in order to create a world of entertainment at the heart of our nation,” said Ahmed Linjawy, group CEO of KAEC.

“Set to become the leading destination on the Red Sea, KAEC is fully equipped for hosting and organizing massive events and activities due to its logistical and state-of-the-art infrastructure, including world-class social, sports and leisure facilities that have been developed to provide a high-quality environment to meet the needs of those who aspire to a luxury lifestyle overlooking the virgin beaches of the Red Sea.” said Linjawy.

The “Turquoise World” festival was inspired by KAEC’s new identity “Another World” to offer an exceptional experience that has been designed to entertain all family members, with unique direct turquoise view of the Red Sea. 

The festival offers a variety of exclusive activities and events at the Beach Walk, and range of water sports at the Yam Beach, and the Bay La Sun Marina and Yacht Club, including water games at Aqua Fun, K-MAX — the first multi-dimensional movie theater in the Kingdom, and Juman Karting, among others. 

In addition to top-class hotels with an elevated standard of living and services that make KAEC an ideal destination to visit and live.

King Abdullah Economic City is the largest privately funded new city in the world, situated on the west coast of Saudi Arabia. 

KAEC covers an area of 181 sq km of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Haramain Railway district and the Industrial Valley. 

The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.