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ACWA Power led consortium closes $1.3bn debt facility for Red Sea...

A consortium led by Saudi Arabia-based power plant developer, ACWA Power, composed of SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, has...

Saudi Red Sea Development wins ‘ESG Initiative of the Year’ honor at...

The Red Sea Development Company (TRSDC), fully owned by Saudi Arabia's Public Investment Fund (PIF), won ‘ESG Initiative of the Year’ honor at The...

Saudi expands Red Sea Development project; Expects V-shaped return for tourism...

The Red Sea Development, Saudi Arabia's flagship tourism project, aims to have 16 hotels ready by the end of 2023, two more than originally...
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