Hitachi Zosen Inova’s Post

تبني التقنيات الحديثة ليس فقط ضرورة اقتصادية، بل هو أيضًا خطوة نحو تحقيق الابتكار المستدام في مختلف المجالات.💡 Incorporating modern technologies is vital beyond economic needs; it stands as a pivotal stride towards fostering sustainable innovation across diverse sectors. 💡 By embracing these advancements, we pave the path for enduring growth and development, ensuring our leadership in a swiftly evolving technological terrain.💡 #التقنيات_الحديثة #الابتكار_المستدام #ModernTechnologies #SustainableInnovation #Innovation #technology #AI #management #job #skills #hire #الذكاء_الاصطناعي

Saudi Arabia: A Hub for Global Company Headquarters 🇸🇦 As we witness the remarkable transformation of Saudi Arabia, it becomes increasingly clear that the Kingdom has positioned itself as a magnet for global companies. With an ambitious target to attract 500 global company headquarters by 2030, this vibrant nation has not only set a benchmark but has exceeded expectations by welcoming 517 leading organizations to its shores! This achievement speaks volumes about the Kingdom's commitment to diversifying its economy and enhancing its status in the international business landscape. Saudi Arabia's Vision 2030 initiative aims to create a more sustainable economy, reduce dependency on oil, and foster innovation. This vision has been instrumental in transforming the business environment, making it more attractive to international firms. So, what is drawing these global players to Saudi Arabia? 1. Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, the Kingdom serves as a vital gateway to lucrative markets. Its position facilitates trade and commerce, presenting companies with unparalleled opportunities to expand their reach. 2. Investments in Infrastructure: Massive investments in infrastructure, including cutting-edge transport systems, world-class facilities, and technology-driven cities like NEOM, are enhancing the business landscape. This commitment to modernization is designed to create an ecosystem conducive to innovation and growth. 3. Supportive Government Policies: The Saudi government has embraced a forward-thinking approach, implementing reforms to ease regulations, foster entrepreneurship, and encourage foreign direct investment. These initiatives create an environment where businesses can thrive and innovate. 4. A Young and Dynamic Workforce: Saudi Arabia boasts a rapidly growing talent pool of young, educated professionals, eager to propel various industries forward. This demographic provides the perfect combination of innovation and ambition that companies seek. As we celebrate this impressive milestone, it's essential to look forward and recognize that the influx of global headquarters will continue to invigorate the nation's economy, create job opportunities, and foster collaboration across various sectors. Let's keep the momentum going! By nurturing partnerships and investing in local communities, Saudi Arabia is on the path to becoming a global business powerhouse. 🌏 #SaudiArabia #GlobalHeadquarters #BusinessGrowth #Vision2030 #InvestmentOpportunities #Innovation #EconomicDiversity #FutureIsBright #InternationalBusiness

Diversification is a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk. Diversification is most often done by investing in different asset classes. Today, Saudi Public Investment Fund leads creativity and growth in Saudi Economy. Therefore, it starts investments in different fields paving the way to Saudi companies and trade to go further away from traditional investments.

Good Step towards time reduction of PPP procument process.

The agreement between SRC and & The Saudi National Bank - SNB is a key strategic milestone toward having a sustainable supply for Mortgage Backed Securities market.

Skill development and sharing knowledge is a social responsibility that everyone should take part in. From my experience as the training coordinator for the GDP and co-op programs in the finance group, I’ve seen how sharing knowledge and supporting young talents can have a direct impact on their growth, skills, and confidence. By empowering individuals, we not only contribute to building a stronger and more capable workforce for the future but also help drive economic growth and sustainability.

Check out this webinar, great to build a foundation on renewable energy or to refresh your knowledge

A New Milestone for Safety and Sustainability at SEC The Saudi Electricity Company (SEC) has taken a significant step forward in its strategic transformation journey by completing the development of (ISMS) integrated safety management system. This initiative marks a new phase in SEC’s efforts to enhance its health, safety, security, and environmental (HSSE) practices. This achievement is a testament to SEC’s dedication to embedding excellence in safety and sustainability across its operations. By prioritizing these critical areas, SEC is not only protecting its workforce and stakeholders but also setting a higher standard for the energy sector as a whole. As a safety professional, I see this as a powerful example of how organizations can create a culture that values proactive safety management, environmental stewardship, and operational resilience. Congratulations to SEC for leading the way toward a safer, more sustainable future! Proud to be working alongside such a great client. #SafetyCulture #SustainabilityMatters #SafetyExcellence #HSSELeadership

British investors have expressed their desire to invest in the renewable energy sector and sustainable infrastructure in Saudi Arabia, in light of the directions of the Kingdom's Vision 2030 to exploit renewable and green energy in the implementation of a number of mega projects to preserve the environment and sustainability.

Under the patronage of HRH Prince Abdulaziz bin Salman, Minister of Energy, Principal Buyer | Saudi Power Procurement Company signed #PPAs for four (4) Combined Cycle Gas Turbine #CCGT #IPP Projects with a total capacity of 7,200 MW. and One (1) Renewable IPP project with a total capacity of 2,000 MW. The Power Purchase Agreements #PPA were signed for the Rumah-1 and Al-Nairyah-1 Projects with a total capacity of 3,600 MW, with a Consortium including ACWA Power, Saudi Electricity Company, and Korea Electric Power Corporation (KEPCO). The levelized cost of electricity #LCOE for the Rumah-1 (1.8 GW) Project is 4.5859 cents/kWh, and for the Al-Nairyah-1 (1.8 GW) Project, it is 4.6114 cents/kWh. Additionally, Power Purchase Agreements #PPA were signed for the Rumah-2 and Al-Nairyah-2 projects with a total capacity of 3,600 MW, with a Consortium including TAQA Group Abu Dhabi National Energy Company, JERA Co., Inc. Japan, and Albawani | البواني . The levelized cost of electricity #LCOE for the Rumah-2 (1.8 GW) Project is 4.5613 cents/kWh, and for the Al-Nairyah-2 (1.8 GW) Project, it is 4.4960 cents/kWh. Rumah and Al-Nairyah CCGT Projects are expected to begin Commercial Operation #PCOD in the second quarter of 2028. In addition, the AlSadawi #Solar #PV Power Project, part of the fifth phase of the National Renewable Energy Program #REPDO , with a total capacity of 2,000 MW, was also included the Power Purchase Agreement for the AlSadawi Solar Project was signed with a Consortium including Abu Masdar (Abu Dhabi Future Energy Company), Korea Electric Power Corporation (KEPCO) , and GD Energy Development. The Commercial Operation Date of the project is expected to begin in the second quarter of 2027. The levelized cost of electricity #LCOE for the Al-Sidawi Solar Project is 1.2926 cents/kWh. It is worth noting that these projects attracted a total investment of approximately 35 billion Saudi Riyals. They are part of the efforts by the Kingdom's energy sector to achieve the goals of Saudi Vision 2030, as the National Renewable Energy Program projects aim to contribute to achieving the optimal energy mix for electricity production. The program aims for renewable energy sources to account for 50% of the electricity mix, with natural gas covering the remaining 50%, by 2030, while phasing out liquid fuels used in the electricity sector and other sectors in the Kingdom. In this context, the number of renewable energy projects that have signed agreements in the Kingdom by the end of 2024 will reach 25, distributed across various regions, with a total electricity generation capacity of about 23 GW.