The MoU provides a framework to assess potential collaborations and ventures in new energy and smart grid applications
Located between Dammam and Al-Ahsa in Saudi Arabia’s Eastern Province, Spark is a three-phase 50km2 hub for energy, industrialisation, and technology that will report Phase 1 construction completed in 2021. Phase 1 spans 12km2, with investments totalling $1.6bn (SAR6bn)
Cyber-attacks on utilities and other critical infrastructure are not just on the increase, but have transitioned from speculative to indisputable. Utilities in the GCC, as well as vendors of ICS (industrial control systems), are now on the alert and taking remedial action.
Saudi Aramco and Schneider Electric Saudi Arabia have signed a Memorandum of Understanding (MoU). The agreement is part of Saudi Aramco’s Digital Transformation Program, and covers areas including analytics and three-dimensional asset virtualization, power management systems and integrated manufacturing operations management
Saudi Aramco, Air Products, and ACWA Power sign a term sheet to form an over $8bn gasification/power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia