NEOM has announced the signing of a memorandum of understanding with Volocopter to form a firm that would design, build,
NEOM has announced the signing of a memorandum of understanding with Volocopter to form a firm that would design, build, and manage NEOM’s first on-demand vertical public transportation system. The joint venture combines air taxi and logistical services with the NEOM public transportation system, which is multimodal and emission-free. The…
Saudi Aramco announced the signing of five agreements with renowned French firms, including one with JOSE, a leader in clean and smart mobility solutions, to explore the commercial potential in hydrogen-powered vehicles. The agreements were inked during seminars held by the Ministry of Business in Jeddah to explore investment potential…
Saudi Arabian Airlines (Saudia) has agreed to pay SAR 32 billion to CFM International, an aviation engine manufacturer, to acquire LEAP-A1 engines and service aircraft. The partnership was announced in conjunction with French President Emmanuel Macron’s visit to the Kingdom, according to the corporation. Saudia stated that the arrangement will…
The Saudi Arabian Oil Company “Aramco” has inked five agreements with French firms, the most notable of which is a deal with Gaussin, a company that specializes in clean and smart mobility solutions, to investigate the commercial potential in hydrogen-powered cars. According to a statement released by the firm on…
The NEOM Company has announced the formation of a company to design, build, and run the world’s first public grid for vertical electric mobility on demand. The joint venture will incorporate air taxi services and logistics services with the NEOM system for multimodal, emissions-free public transportation, in collaboration with Volocopter.…
Even before winter arrives, energy costs in Europe are breaking records again, and one of the worst cost crises in history is going to worsen when temperatures drop. Last month, a dramatic jump in pricing in the UK led several industrial enterprises to halt output and seek government aid, a…
Amin Nasser, Saudi Aramco’s President, and CEO predicted that the Jafurah field would generate over two billion cubic feet of gas per day by 2030. The development of the Jafurah field, according to Al-Nasser, will save the Kingdom from burning half a million barrels of oil per day for energy…
Saudi Finance Minister Muhammad Al-Jadaan asserted that the realistic and responsible policies and measures are taken by the government in dealing with the Coronavirus pandemic have limited the humanitarian, financial, and economic repercussions, and put the country on the path of stability, according to a press release. He explained that…
The Saudi Zakat, Tax and Customs Authority foiled seven efforts to smuggle more than (2.1) million Captagon tablets into the Kingdom through the Haditha port, which were discovered disguised in consignments received through the port. When some consignments were subjected to customs procedures and examined using security techniques and live…
Saudi Finance Minister Muhammad Al-Jadaan announced on Thursday, that the Kingdom is working on 160 privatization projects and plans to announce more next year. According to Al Arabiya.net, the minister said at the financial stability symposium that plans to privatize institutions in the education and logistics sectors are in the…
