Tuesday, December 14, 2010

SAUDI ARABIA RENEWABLE ENERGY COMPANIES




CROATIAN CENTER of RENEWABLE ENERGY SOURCES ( CCRES )

promote

SAUDI ARABIA RENEWABLE ENERGY COMPANIES


National Batteries Company

National Batteries Company (NBC) enjoys the privilege of being the first Automotive Battery Manufacturer in Saudi Arabia. The ultra-modern manufacturing facility, built by the giants in the world of batteries, Varta Batterie AG, Germany, was commissioned in the year 1997. NBC's commitment to quality has been acknowledged with the award of the ISO-9001:2000 Certified in the year 2001
Business type: manufacturer, exporter
Product types: batteries automotive starting.
Address: P. O. Box 177, Industrial Area Phase II, Riyadh, Central Region Saudi Arabia 11383
Telephone: 00966 1 2650019
FAX: 00966 1 2650057
Web Site: http://www.battariat.com/

Fortune CP Ltd

We design, manufacture, supply and install renewable energy solutions. Through our network of branches and distributors we reach Europe, America, Africa and Asia. Products and systems include Solar photovoltaic panels, solar PV systems, solar DC fridges, Solar Vaccine fridges, solar air conditioners, solar coldrooms, deep cycle batteries, charge controllers, emergency power back-up systems, solar wind generator hybrid systems, hybrid systems for telecom BTS stations, inverters, energy saver bulbs, LED floodlights and downlights, LED fluorescent tubes, solar street lights, solar traffic lights, solar water heating, solar water pumps, solar billboards, wind turbines, industrial/commercial projects, solar pool heating, solar off-grid systems, ...
Business type: manufacturer, wholesale supplier, exporter
Product types: Solar photovoltaic panels, solar PV systems, solar DC fridges, Solar Vaccine fridges, solar air conditioners, solar coldrooms, deep cycle batteries, charge controllers, emergency power back-up systems, solar wind generator hybrid systems, hybrid systems for telecom BTS stations, inverters, energy saver bulbs, LED floodlights and downlights, LED fluorescent tubes, solar street lights, solar traffic lights, solar water heating, solar water pumps, solar billboards, wind turbines, industrial/commercial projects, solar pool heating, solar off-grid systems, solar grid-tie systems, solar garden lights, solar cathodic protection systems, eco-friendly buildings, rural electrification, solar charging stations, residential solar, electric car batteries, electric outboard, hydrogen/fuel cell. .
Service types: Project and system design, installation and commissioning, energy audit, project financing
Telephone: 44 1322303070
FAX: 44 1322303072

Sun and Life

Sun & Life is the Solar arm of the Saudi Arabian private leader in Power and Water Generation, Acwa Holding (portfolio of more than 6, 485 MW of power and 2. 32 million cubic meter per day of desalinated water). Sun & Life, a solar energy pioneer in Saudi Arabia, have developed its expertise, focusing on the most appropriate technology to be deployed in harsh environment, and on producing the highest yield at the lowest cost. We are Solar EPC contractor, providing Turnkey solution for: - Solar Power plants - Commercial/residential buildings (and rooftops) - Offgrid Solutions
Business type: System Integrator (Solar EPC)
Product types: photovoltaic modules, photovoltaic systems, solar electric power systems, photovoltaic systems commercial.
Service types: consulting, installation, engineering, contractor services
Address: P. O. Box 321, Riyadh, Saudi Arabia 11411
Telephone: +966535223366
FAX: +96614780230
Web Site: http://www.sunandlife.com/

Freih Bin Owaidha Al-Qahtani Sons Co. Ltd. (FOQSCO)

Business type: distributor
Product types: backup power systems, waste treatment systems, water pumps.
Service types: installation, contractor services, maintenance and repair services
Address: Safwa X 20th Bayouneyah, Al-Khobar, Saudi Arabia 31952
Telephone: +966 3 8677552
FAX: +966 3 8677499
Web Site: http://www.alfreih.com.sa/

Industrial Supplies FZE

We provide reliable and cost effective solar solutions for road, airport, marine, industrial (oil and gas, telecommunication), commercial, government, military, rural development, residential and customised applications. We offer products like Steca, Phocos, Sharp etc that are proven to work under rugged weather environments and meet the highest industry standards. All sales orders are processed / executed within 24 -48 hours.
Business type: retail sales, wholesale supplier, exporter, importer
Product types: photovoltaic systems residential, batteries deep cycle, batteries lead acid flooded, batteries lead acid sealed AGM, batteries lead acid sealed gelled, batteries telecommunication, solar charge controllers, solar garden lights, Solar water heating systems, solar air port and helipad lights, solar billboard blights, soilar inflourscent lights, solar water pumping systems, Solar telecommunication power systems, remote fuel monitoring system, Genset management systems, LVD Induction lights, Energy conservation solutions, Telecom solar solutions, remote fuel monitoring, wind power systems, solar water heaters, solar central heating systems, solar car wash, solar-Gas heating hybrid systems, Energy conservation solutions.
Service types: consulting, design, installation, engineering, project development services, education and training services, research services, site survey and assessment services
Address: Al-Dossary building, King Khalid street, Dammam, Eastern Province Saudi Arabia 31952
Telephone: +966- 3 828 2217, 8288114
FAX: +966-3 8060384
Web Site: http://www.indfze-sa.com/

Power Telecom & Technologies

WE STAND FOR UNMATCHED QUALITY, PROMPT DELIVERY & COMPETITIVE PRICE . PRODUCTS DEALT ARE UNINTERRUPTED POWER SUPPLY UNITS, BATTERY CHARGER, BATTERIES - VRLA/ Ni-Cd/SMF, SOLAR SYSTEMS, MEDICAL / SCIENTIFIC AND TESTING EQUIPMENTS,
Business type: retail sales, wholesale supplier, exporter, importer
Product types: batteries industrial, batteries lead acid, batteries nickel cadmium, telecommunications power systems, batteries nickel cadmium, uninterruptible power supplies UPS.
Service types: consulting, engineering, project development services, contractor services, maintenance and repair services, testing services
Address: King Fahad Road, Riyadh, PO Box 61891 Kingdom Of Saudi Arabia 11575
Telephone: +966 1 406 6669
FAX: +966 1 4069691
Web Site: http://www.kfbgroup.com.sa/

A1 Solar Prince (GET)

Business type: retail sales, wholesale supplier, service, importer, exporter
Product types: Solar water heating systems, solar electric power systems and accessories, solar pool heating systems, DC lighting, aerogenerators & wind energy components, Solar Airconditioning units, PV panels & accessories .
Service types: system installation, system design, maintenance and repair
Address: PO Box 6934, Dammam 31452, Saudi Arabia
Telephone: +9663 8390369
FAX: +9663 8391521

Abdulla H Al Mutawa Sons Co.

Business type: retail sales, importer
Product types: gas turbine electric generators, steam turbine electric generators.
Address: King Faisl Street, Dammam, Eastern Province Saudi Arabia 31413
Telephone: + 966 3 8561169
FAX: + 966 3 8502557

Al-Afandi Solar Wafers and Cells Factory

Business type: manufacturer, exporter of multi-crystaline solar wafers 4 and 5 inch wafers
Product types: High quality 4, 5 and 6 inches solar wafer for sale. Efficiency after conversion to solar cells 15% Resistivity 1-3 ohm cm. Thickness 270-300 micron or 330-370 micron .
Address: P.O.Box 452, Jeddah, 21411, Saudi Arabia
Telephone: 966-2-6634442
FAX: 966-2-6657597

Al-Ziadi for Trading & Contracting

Business type: manufacturer
Product types: cathodic protection systems.
Address: Sidqi Street, Makkah, Makkah Saudi Arabia 6269
Telephone: 966-2-5502007

Alafaq for Solar Equipment

Business type: wholesale supplier, exporter, importer
Product types: solar water pumping systems, solar water heating systems, remote home power systems, solar garden lights.
Address: 1 Saba Masajid Street, Madina, Madina Saudi Arabia
Telephone: 966 59286339

Alesayi For Electrical Materials & Solar Systems

Business type: retail sales, wholesale supplier, importer
Product types: DC lighting, batteries lead acid sealed, DC to AC power inverters, photovoltaic modules, solar charge controllers, solar lighting systems.
Address: Alesayi Plaza, Madina Road, Jeddah, Kingdom Of Saudi Arabia 17841
Telephone: 00966 2 604000 exit 1828
FAX: 00966 2 6457085

Alsaktawi E. Engineering Consultancy Office

Product types: wind energy systems (large), solar electric power systems, energy efficient homes and buildings, packaged power systems, solar thermal energy, water cooling systems.
Service types: consulting, design, engineering, project development services, site survey and assessment services, financial services, architectural design services
Address: 3107 Hosain Ba Salamah - Al Hamra, Jeddah, Saudi Arabia 21232-7386
Telephone: +966505909078
FAX: +96626614543

Alwahah Cooler Factory

Business type: manufacturer, wholesale supplier, exporter, importer
Product types: air cooling system components, air cooling systems, water heating systems, refrigerators and freezers, water cooling systems, appliances.
Address: Al Karj Roda, P.O.Box.2956, Riyadh 11461, Saudi Arabia
Telephone: 96614951882
FAX: 96614953806

Building Lighting Est.

Business type: retail sales, wholesale supplier, exporter
Address: Al Hasse St., Riyadh, Riyadh Saudi Arabia P.O.Box 7541 Riyadh 11472
Telephone: +9661-4785102
FAX: +966-1-4760229

Business Engineering Corp.

Business type: manufacturer, retail sales, wholesale supplier, exporter, importer
Product types: photovoltaic modules, photovoltaic systems, solar roofing systems, solar water heating systems, packaged power systems.
Service types: installation, project development services
Address: PO Box 6645, Riyadh, Saudi Arabia 11452
Telephone: +966505483968
FAX: +96612933585

CODE Technical Services Corp.

Business type: retail sales, wholesale supplier, importer
Product types: fuel powered electric generators, gas turbine electric generators, telecommunications power systems.
Service types: consulting, installation, project development services, contractor services, maintenance and repair services, testing services
Address: Takhassusi Rd, Riyadh, Riyadh Saudi Arabia 11526
Telephone: 966-1-488-4117
FAX: 966-1-482-6756

Commercial Services Center (CSC) Saudi Turbines

Business type: wholesale supplier, importer
Product types: We sale , buy gas & steam turbines hot gas path components - and combustion components, include: complete turbine bladed rotors for (MW501G) MW(301G) and blades (W191) (TG16) etc ,1st, 2nd and 3rd 4th stage buckets; 1st, 2nd and 3rd stage blades; 1st, 2nd and 3rd stage nozzles; combustion liners; transition pieces; cross fire tubes for the following gas turbines, MW501G, MW301G, W501D, W251, W191, TG16, TG20Bs , GE,FR 7, 5 , 3 etc , all parts in hands ready for shipment. .
Service types: Gas, steam turbine spare parts seller, buyer
Address: King Khakid St Al-jomaih BlgSweet (402) Dammam, EP. K.S.A, Dammam , EP Kingdom of Saudi Arabia 31422
Telephone: 966-3832-6154 + 966-3834-2690
FAX: 966-3834-4276

EGPHIL general contracting & renewable energy

Business type: manufacturer, retail sales, importer, distributor, installer
Product types: Solar water heating; Solar pool heating; Solar day lighting; Solar water pumps; Photovoltaic systems; Street lights; Garden lights; Energy efficient appliances; Solar Cooker; DC lighting and many more. . . .
Service types: consulting, design, installation, construction, engineering, project development services, site survey and assessment services, architectural design services, contractor services, maintenance and repair services
Address: 3rd Floor Bakhsh Building Al-Hamra District, P. O. Box 4485, Jeddah 21491, Jeddah Kingdom Of Saudi Arabia 21514
Telephone: +966 2 6682777 / +966 500 86 0101
FAX: +966 2 6689883

Elkhereiji Trading and Electronics

Product types: backup power systems, batteries lead acid, batteries flywheel, Uninterruptible Power Supply, UPS.
Address: P. O. Box 1748, Riyadh Saudi Arabia 11411
Telephone: +966 55 576 3368
FAX: +966 1 477 9351

Gulf Chain Trading Est

Business type: wholesale supplier, exporter, importer
Product types: gas turbine electric generators, backup power systems, defense,industrial plants ,equipments and spares.
Address: Ali Bin Abi Talib Road/ P.O.Box 41056, Riyadh, Central Kingdom Of Saudi Arabia 11521
Telephone: 00966 1 4461533

Hitec Modeco

Business type: manufacturer, retail sales, wholesale supplier, exporter
Product types: battery chargers, lead acid batteries, DC lighting, nickel cadmium batteries, uninterruptible power supplies UPS, telecommunications power systems.
Service types: consulting, design, installation, construction, project development services, contractor services, maintenance and repair services
Address: Pobox 93711, Riyadh, 11683 Saudi Arabia 11683
Telephone: +9661-419-6425
FAX: +9661-419-6417

Innovative Technology Est.

Business type: Retail Sales, Wholesale Supplier, Exporter, Importer
Product types: Compect Energy VRLA Batteries Mx Volta VRLA Batteries Coopower VRLA Batteries And Ajax Automotive Batteries.
Service types: Genral Trading
Address: King Fahad Street Cross No 02, Al Khobar 31952, Estran Provenc Saudi Arabia 79349
Telephone: 00966-3-8995826 3-8984600
FAX: 00966-3-867 0163 - 3 8936927

International Telecommunication System Operation

Product types: flooded lead acid batteries, dc powered appliances, uninterruptible power supplies ups, flooded lead acid batteries.
Address: Industrial Area III, PO Box 88522, Riyadh, Saudi Arabia 11672
Telephone: 009661-2179011
FAX: 009661-2179022

Kevin Power Solutions Ltd.

Business type: manufacturer, exporter
Product types: backup power systems, DC to AC power Inverters sine wave, Batteries Deep Cycle, SMF Batteries, Solar Water Heating Systems, Solar Lighting Systems, Online UPS, Automatic Lift Backup System, IGBT Based Home UPS, CFL Lights, Cyber H-UPS, Sine Wave Inverter, Sine Wave UPS, DSP Sine Wave H-UPS, DSP Sine Wave Inverter, DSP Sine Wave Online UPS, DSP Sine Wave Static UPS.
Address: D-117, sectror-63,
Telephone: +91-9999909872, 09720002052
FAX: +91-124-4039620

M.A. Raheem Khan

Business type: wholesale supplier, importer
Product types: air filtering and purification system components, water pumps, water filtering and purification systems, air cooling system components, gas turbine electric generators, waste treatment systems.
Address: King Abdul Aziz Street on 10th Cross, Al-Khobar, Eastern Saudi Arabia 31952
Telephone: +966-3-8651094
FAX: +966-3-8983972

Maar Group

Business type: importer
Product types: gas turbine electric generators, steam turbine electric generators.
Service types: contractor services
Address: King Abdullah Road, P. O BOX-2187, Riyadh, Ruh Saudi Arabia 11451
Telephone: 0096612051999
FAX: 0096612053777

Manas Al-Khaleej Trading & Contracting Co. Ltd

A leading Trading & Contracting Company in Saudi Arabia representing well known Brands of Building Products targeted to Construction Industry.
Business type: wholesale supplier, distributor
Product types: energy efficient homes and buildings, solar air heating systems, solar lighting systems, water storage tanks.
Address: PO Box 33580, Riyadh, Riyadh Saudi Arabia 11458
Telephone: +966 1 473 5333
FAX: +966 1 473 6333

Middle East Battery Company

Business type: manufacturer, exporter
Address: AL Madinah Street, 2nd Industrial City, Dammam, Eastern Privince Kingdom of Saudi Arabia 31493
Telephone: 00966557037593
FAX: 0096638121246

Mohammed A. Al Faddaghi & Partners

Business type: Manufacturer, Wholesale Supplier, Exporter, Importer
Product types: Fuel powered electric generators, backup power systems, MAN, SCANIA GENSETS.
Address: PO Box 26162, Riyadh, Kingdom of Saudi Arabia 11486
Telephone: 00966-01-4953000
FAX: 00933-01-4954000

Mohammed S Aboud Al Amoudi Est

Business type: wholesale supplier, importer
Product types: fluorescent light bulbs/ switchs sockets.
Address: Southern Shopping Center Main Road, Jeddah, Saudi Arabia 21474
Telephone: 00966 2 6484350

National Solar Systems, LLC

Business type: System Integrators, wholesalers, suppliers
Product types: Power Generation: On-Grid and Off-Grid, Complete integrated systems, CP systems, photovoltaic modules, solar lighting, solar electric power systems, solar water pumping systems, street ighting, wirless systems, traffic and signals.
Service types: consulting, Turn-key solutions
Address: PO Box 76802, Al-khobar, Saudi Arabia 31952
Telephone: +966 3 845-1300
FAX: +966 3 845-1311

OLAYAN - General Contracting Co

Business type: retail sales, wholesale supplier, exporter, importer
Product types: fuel powered electric generators, wind turbines (large), wind energy systems (large).
Address: P O Box 1227, Jeddah, Saudi Arabia 21431
Telephone: 026931525 & 038820888

PEDCO Ltd.

Business type: retail sales, wholesale supplier, importer
Service types: installation, engineering, project development services, contractor services, maintenance and repair services, testing services
Address: 30th Street, Sulaimaniyah, Riyadh, Central Saudi Arabia 11445
Telephone: +966 1 464 8970
FAX: +966 1 462 8019

Power Technologies Trading Est.

Business type: Retail Sales, Wholesale Supplier, Importer
Product types: Rechargeable Batteries, Solar Electric Power Systems, Solar Outdoor Lighting systems, Automotive Starting Batteries, D/C to A/C Power Inverters, Battery Chargers, Lead Acid Batteries and Nickel Cadmium, Safety and Security System etc. .
Service types: Sapurt Servic & Suplyes
Address: P. O. Box No :79349 King Fiasal Street, Cross - 8 /9, Al-khobar : 31952, Eastern Province Kingdom Of Saudi Arabia 31952
Telephone: 00 966 3 898 4600-3 899 5826
FAX: 00 966 3 867 0163-3 893 6927

Power Technologies Trading Est.

Business type: retail sales, wholesale supplier, importer
Product types: Delars For the folwing Products in SAUDI ARABIA : Coopower CHINA MADE CompactEnergy CHINA MADE Unikor MX-Volta KORIA Yousa UK MADE Lead Acid Rechargebal Batteries & AJAX Automotive BRAZIL MADE Batteries Class ITALEYAN MADE Battery Charger D/C to A/C inventar & convartar UPS Safty & sequrety Syestems etc. .
Service types: Saport Serves And Suplay
Address: King Faisal Street Cross No 8 /9, Al Khobar 31952, Estran Pravenc Saudi Arabia 79349
Telephone: +966 3 898 4600 3 899 5826
FAX: +966 3 8670163

R. H. Al-Marri & Sons Company

Business type: Onshore/Offshore Wind Tower design, Site Survey, Constuction, Commission & Testing, O&M, Retail sales & supplier, importer
Product types: Turnkey Onshore & Offshore Wind parks, Solar Parks and Waste to Energy systems. Online UPS Systems & Remote Power Stations.
Service types: design, installation, construction, engineering, project development services, education and training services, research services, contractor services, testing services
Address: 503, Al-Muhammadia Tower, Al-Khobar, EA Saudi Arabia 31952
Telephone: +966540450806
FAX: +96638651370

Rowad National Plastic Company Limited

Business type: manufacturer, wholesale supplier, exporter
Product types: battery containers, battery components.
Address: P.O.Box, 29452,, Riyadh 11457, KSA Saudi Arabia 29452
Telephone: +966 1 265 1966
FAX: 00966 1 2651973

SATELLITES TRADING Est

Business type: wholesale supplier
Product types: lead acid batteries, deep cycle batteries, rechargeable batteries, electric vehicle batteries, marine batteries, automotive starting batteries, chargers, automotive parts and water softners..
Address: King Khalid Street , 5/6 Cross, AL-Khobar, Saudi Arabia 31952
Telephone: (966 3) 8941120
FAX: (966 3) 898-2925

Saudi Solar Heaters Factory

Business type: manufacturer, retail sales, wholesale supplier
Product types: solar water heating systems.
Service types: consulting, design, installation, engineering, maintenance and repair services
Address: P.O.Box 68935, Riyadh, Saudi Arabia 11537
Telephone: +9661-2652031
FAX: +9661-4624620

Shuwayer Electrical Engineering Systems

Business type: manufacturer, retail sales
Product types: energy efficient homes and buildings, home automation, meters and measuring equipment, uninterruptible power supplies UPS, solar electric power systems, solar garden lights, LV/MV Distribution & Control/Relay Panels, Synchronization Panels, Custom Built Panels.
Address: Post Box 11152, Dammam, Saudi Arabia 31453
Telephone: +96638468358
FAX: +96638426514

WALCO

Business type: wholesale supplier, exporter, importer
Product types: home automation-construction-interior design-IT.
Service types: consulting, installation, engineering, project development services, maintenance and repair services
Address: BOX 66381, Riyadh, Saudi Arabia 11576
Telephone: 4661672/87
FAX: 4661702

More info about RENEWABLE ENERGY COMPANIES World-wide at
http://solarserdar.blogspot.com/
http://solarserdar.wordpress.com/

CROATIAN CENTER of RENEWABLE ENERGY SOURCES ( CCRES )


Due to its regional dominance, Saudi Arabia can play a vital role in the proliferation of solar energy in the entire Middle East. The Kingdom needs to urgently move forward with its renewable energy plans and start the production of solar energy on a large-scale. The current focus is on increasing levels of efficiency, reducing subsidy and slashing government expenditure and on doing things that truly add value. 
Vision 2030 target suggests that the country will grow its renewable energy capacity in increments, taking advantage of future cost declines and efficiency improvements, while also leaving the door open for emerging technologies. Under the new leadership of King Salman, the country is making a concerted effort to develop its renewable energy sector. The reorganization of stakeholders and decision makers on energy policy and renewables, under one umbrella, should accelerate KSA’s renewable energy program. The government restructuring in May 2016 placed necessary administrative functions under the newly-created super-ministry, the Ministry of Energy, Industry, and Mineral Resources which will eventually pave the way for implementation of solar projects.
However, there are several critical areas which Saudi Arabia should tackle for a smooth transition to renewables-focused energy mix. Saudi Arabia should take a consultative approach on its renewable energy policy framework by leaning on capable, credible industry partners to share their expertise which will help the country avoid the steep learning curve that other markets have faced. Lenders and financiers are an integral part of any industry, and they should be properly informed about green financing. It will be particularly important for banks and lenders based in the Kingdom to better understand the solar energy industry, ensuring that they’re comfortable with providing competitive financing for the program.
It is also essential to adapt solar energy systems to meet specific energy-intensive applications. Saudi Arabia could provide long-term solar energy targets for certain, energy-intensive industrial sectors such as cement, steel and petrochemicals.
Lastly, a well-trained and performing workforce is crucial for the development of solar market. Saudi Arabia needs to invest wisely in technical education to overcome the skills mismatch between schools and the labour market and ensure the supply of rightly-trained human resources to the solar industry.
We hope you and all your loved ones are healthy and safe. As a valued readers of CCRES, I wanted to first say thank you: Our newsletter subscriptions and website visits are increasing tremendously on a daily basis, and it’s thanks to you. We appreciate your trust in our journalism and we are working very hard in this time of crisis to keep you informed on all of the important developments. CCRES is supported by a mix of revenue streams including sponsorships, online advertising, funded projects, and policy debates. We know you value our reporting.This information should not be behind a paywall, and we remain committed to making our content widely available and our newsletters free. And we know your support is critical for ensuring this independent and free journalism. 

Željko Serdar
Head of association


solarserdar@gmail.com

10 comments:

  1. I’m grateful to all the readers who take the time to write comments in response to posts. For me, comments do three important things.

    They reassure me that my work is being read. Sure, there are all sorts of analytics that tell me how many people click on the post, but mechanical numbers aren’t the same as human response. So if you’ve ever taken the trouble to post a comment here, I thank you.
    Many comments express gratitude, which goes a long way in this solitary business. To be read is a good start, but to make a difference – well, that’s why I do it.
    Some comments express different information and/or different opinions than those I’ve expressed. These are perhaps the most important comments around. They expand my knowledge and those of others who read them. It’s this ability to expand our common knowledge that is one of the great gifts of the web.

    ReplyDelete
  2. If you thought the world’s biggest company was Apple or Alphabet, you were off by a factor of two to twenty. Saudi Aramco, Saudi Arabia’s state-owned oil and gas company, is worth somewhere in the neighborhood of $1 trillion to $10 trillion — a megalith next to Apple’s $650 billion valuation. And Saudi Arabia, recognizing the end of an era for oil, is looking to sell it off.

    In an interview with Bloomberg, Deputy Crown Prince Mohammed bin Salman confirmed a January rumor that Saudi Arabia would begin to open up foreign investment in Aramco as early as next year and establish a gigantic sovereign wealth fund with the new cash. The fund, called the Public Investment Fund (PIF), could eventually control something on the order of $2 trillion in total assets. The primary goal of the PIF is to move Saudi Arabia beyond its dependence on oil as its only economic driver.

    “What is left now is to diversify investments,” bin Salman told Bloomberg. “So within 20 years, we will be an economy or state that doesn’t depend mainly on oil.” Aside from reeling in some much-needed cash to the Kingdom, bringing Aramco to public markets is also a sign that Saudi Arabia may be open to reform, both politically and economically. Floating shares of Aramco on international markets will also require clearer reporting standards and greater transparency for the notoriously secretive company.

    The Kingdom has been hit hard by the global fall in oil prices and has already spent billions of savings to keep its economy running. With oil prices hovering around $40 a barrel and only sluggish growth in prices in sight, the Saudi story looks a lot like a microcosm (albeit a comically large microcosm) of the argument that an investment strategy focused on fossil fuels simply does not make sense anymore — at least not in the long run. Banks and pension funds in the U.S. and the U.K. have been needled for the losses they’ve incurred due to continued investment in the fossil sector.

    So who’s expected to invest in a massive oil conglomerate in 2017? Aramco is not by any means an unprofitable company, and it does a whole hell of a lot more than drill for oil: It has its fingers dipped in just about every segment of the energy sector, in addition to swathes of the chemical and healthcare sectors. Still, oil is its core business, and it’s looking like that business might not be a good long-term play, especially in an undiversified portfolio. If the international community gets more aggressive about climate policy and moves toward a “keep it in the ground” approach to fossil fuels, an investment in an oil giant could wind up unprofitable and unsellable: stranded.

    So while Aramco’s IPO will surely find interested parties, they’ll likely be investors looking for short-term gains and ones with portfolios that are already fairly diverse — otherwise the risk calculation really wouldn’t make any sense. The smart long-term move will not be betting on dirty energy.

    ReplyDelete
  3. Abbar Foods is a leading food distribution company in Saudi & KSA we are professional food importers and distributor, FMCG distribution, Food Logistics, and FMCG logistics.

    For More Information Visit Here -- food importers and distributors in saudi arabia & KSA

    ReplyDelete
  4. The current coronavirus pandemic has, at least temporarily, made a significant impact on greenhouse gas emissions. But that reflects a stalled economy rather than smart energy consumption choices. The pandemic is a naturally occurring threat to humans, as were SARS and MERS before it. Global warming, by contrast, is being driven by human behavior; it is a self-inflicted crisis. We can best address the climate crisis by changing practices, by converting our global economy from fossil fuels to renewable sources, by using the force of our collective will to change our collective behavior and reduce the damage our actions inflict on the environment, which we rely on for our very survival. The stats that show we are moving in the right direction, albeit it too slowly, are a positive sign during these trying days. But they are also a further spur to action. We can see where decisions, policies and actions lead to positive effects, but also where continued self-destructive actions — beginning with burning coal — imperil us all.

    ReplyDelete
  5. Useful Information. Thanks for Sharing this Blog.
    Whether it is Unused or Refurbished Turbine products. The Phoenix Controls can find the part you need, and has great advantages in price and product details.

    ReplyDelete
  6. Useful Information. Thanks for sharing value information. Please keep updating your blog. we are Industrial material Suppliers in Dammam. visit us: https://technimate.net/

    ReplyDelete
  7. Great Post!!

    Thanks for sharing this wonderful post with us. This post is more useful for explaining how to produce biomass wood pellets in pellets mills. One of the most compelling advantages of biomass wood pellets is their versatility. They can be used in various applications, including residential heating, power generation, and industrial processes. With advancements in pelletizing technology, these pellets have a high energy density, making them efficient and cost-effective for heating homes and commercial buildings.

    ReplyDelete
  8. Your posts always manage to brighten my day! I genuinely enjoy seeing them in my feed, If you are looking for reliable Solar Energy Company in Tamarac FL ? Right Plan Solar has got you covered! As your trusted solar brokers, we help you navigate through the options and choose the best solar financing plan tailored to your needs. Our expertise extends to solar installation service in Tamarac, FL, where our skilled professionals ensure a flawless installation process.

    ReplyDelete
  9. Useful Information. Thanks for sharing Value able content with us. I am really impressed. Thankyou so much visit us now https://www.ecostanbiofuel.com/biomass-pellets

    ReplyDelete