LONDON: British technology firm Hydrogen Utopia International PLC (HUI) has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Hydrogen Systems LLC to develop facilities that convert non-recyclable waste into hydrogen in the Kingdom, the companies said on Tuesday. Under the non-binding agreement, Hydrogen Systems, a regional developer and operator of hydrogen infrastructure, will provide…
RIYADH – Saudi Arabia’s Tanmiah Food Company has signed three memorandums of understanding (MoUs) with industrial technology firm Schneider Electric and local firms Strataphy and Kayes Arabia to accelerate its decarbonization plans and improve energy efficiency, the company said on Sunday. The agreements, announced at the Saudi Agri-Food Tech Alliance (SAFTA) Forum in Riyadh, are…
RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading investment firms with deep expertise in real estate and financial services. The investment marks a significant milestone for Ghanem as it works to broaden access…
PERTH: Resource Minerals International Ltd. (ASX:RMI) has acquired a 50% interest in a Saudi Arabian joint venture following the granting of the Shaib Marqan exploration licence, marking a significant expansion of its global mineral exploration portfolio. The licence, covering 91.8 square kilometers in the mineral-rich Ar Rayn Terrane, was granted on August 17 and is…
Ocean Aero, a leading developer of autonomous underwater and surface vehicles (AUSVs), has teamed up with INTRA Defense Technologies and MEMR, two prominent Saudi companies, to bring disruptive maritime technology to the region. The partnership, facilitated by Lockheed Martin, will leverage Ocean Aero’s Triton AUSV, the world’s first and only AUSV, to address a variety…
SINGAPORE: Keppel Corporation Limited has identified assets with a total carrying value of approximately S$17.5 billion based on the Group’s balance sheet as at 30 June 2020 that can potentially be monetised over time and channeled towards growth initiatives. Dr Lee Boon Yang, Chairman of Keppel Corporation said, “The Board and Management are committed to…