14-01-2021 Post on FB
#Crown Prince of Saudi Arabia, Mohammad bin Salman said on Wednesday at World Economic Forum (WEF) virtual event that Investment opportunities in Saudi Arabia amount to $6 trillion over the next 10 years.
He said $3 trillion of those investments would be in new projects and He said 85 percent of this huge economic program would be funded by the Kingdom’s sovereign wealth fund and the Saudi private sector. Rest would be foreign capital from Gulf nations and other countries.
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#UAE’s Abu Dhabi National Oil Company (ADNOC) signed a memorandum of cooperation with Japan for delivery of fuel Ammonia.
Abu Dhabi is pushing toward a clean energy initiative through ADNOC, which has a new unit that will focus on hydrogen and fuel ammonia. Japan plans to develop its supply chain of blue ammonia in the Middle East in next 10 years.
The UAE is Japan’s second-largest crude oil supplier (30%) after Saudi Arabia. In September of last year, Japan received its first shipment of 40 tons of high-grade blue ammonia from Saudi Aramco for zero carbon power generation.
Abu Dhabi has opened eight new Investment Offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul to attract foreign investors.
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#Today, Egypt signed a memorandum of understanding with Germany’s Siemens for construction of a $23 billion high-speed train line linking Ain Sokhna on the Red Sea to New Alamein on the Mediterranean coast, passing through a new capital in Cairo.
#Egyptian has reduced the price of aviation fuel for EgyptAir to 15 cents per gallon with the aim of helping the tourism and aviation sectors to overcome the challenges faced in tourism industry due to Covid-19.
