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Press Dossier   By Date  03/07/2025
Saudi Power Procurement Co. signs $458m wind energy deal for Yanbu project
Saudi Power Procurement Co. has signed a power purchase agreement for the 700-megawatt Yanbu Wind Power Project, backed by an investment exceeding SR1.7 billion ($458 million).
Saudi Arabia, Morocco set to boost economic ties with focus on trade, sustainable development
Saudi Arabia and Morocco are set to enhance economic ties by expanding trade and cooperation in agriculture, renewable energy, and sustainable development following a Saudi business delegation’s visit to Rabat.
International visitor spending in Saudi Arabia hits $13bn in Q1
International tourists spent SR49.37 billion ($13.16 billion) in Saudi Arabia during the first quarter of 2025, a 10 percent increase compared to the same period last year, recent data showed.
Gulf bourses end mixed on US tariff uncertainty
Stock markets in the Gulf ended mixed on Wednesday as investors monitored global trade developments ahead of the US’ potential re-imposition of sweeping tariffs on July 9.
Closing Bell: Saudi main index inches up to close at 11,129
Saudi Arabia’s Tadawul All Share Index gained 8.04 points, or 0.07, to close at 11,129.64 on Wednesday.
Saudi delegation in Tokyo for talks on GCC-Japan free trade agreement
Farid bin Saeed Al-Asali, the General Authority for Foreign Trade’s deputy governor for international agreements and organizations, is in Tokyo to lead the Kingdom’s delegation in the second round of negotiations on the free trade agreement between the GCC and Japan, which began on June 30 and will run until July 4.
Saudi Arabia, Indonesia sign several deals worth around $27 billion
Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi Press Agecny reported.
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