Meetings will be held with Saudi authorities and the Joint Trade and Investment Committee with Kenya will be held for the first time.
Riyadh – SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, and ACWA Power, the world’s largest private water desalination company, leader in energy transition, and first mover into green hydrogen, have signed today two strategic documents to cooperate on new business opportunities, with a focus on renewable…
Abuja, Nigeria – February 2025 – Saudi Arabia has reaffirmed its commitment to financing major infrastructure projects in Nigeria, with a proposal to appoint a designated Nigerian counterpart to enhance project prioritization and communication for seamless execution.
This was disclosed by the Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD), Sultan Al-Marshad,…
The African Energy Chamber (AEC), recognized as the voice of Africa’s energy sector, continues to advocate for a multi-energy approach to fuel industrialization and electrification across the continent. With 600 million Africans lacking electricity and 900 million without clean cooking solutions, the AEC stresses that Africa must leverage all available energy resources to address its…
Abuja, Nigeria – In a significant move to strengthen Nigeria’s economic and infrastructure development, Dr. Jumoke Oduwole, Honorable Minister of Industry, Trade, and Investment, participated in a high-level meeting led by the Coordinating Minister of the Economy with the Saudi Fund for Development (SFD).
The discussions, held with SFD Managing Director Sultan Abdulrahman Al-Marshad,…
Saudi oil and gas drilling contractor ADES Holding has secured a $21.8 million drilling contract with Brittania-U for its Admarine 504 jack-up drilling rig, marking its first entry to the Nigerian offshore oil and gas sector.
ADES and Admarine 504’s current client in Saudi Arabia have mutually agreed to suspend the rig’s operation in the country,…