Red Sea

Saudi Industrial City Giga-Project Adds New Direct Investments and Contracts to its Total Investments of 26,7 billion USD

Retrieved on: 
Thursday, November 24, 2022

JAZAN, Saudi Arabia, Nov. 24, 2022 /PRNewswire/ -- The Kingdom of Saudi Arabia implements the ambitious strategies of Vision 2030 to diversify the economy and unlock the potential of non-oil sectors. One of the giga-projects launched in alignment with Vision 2030 is Jazan City for Primary and Downstream Industries (JCPDI), an industrial city and strategic logistics hub in the southwestern region of the country, on the Red Sea. Today JCPDI announced several investment agreements and projects worth over 267 million USD. New investments in JCPDI aim to promote the economic diversification of the Kingdom, increase the private sector contribution in the economy and attract new foreign direct investments. Overall investments in JCPDI now exceed 26,7 billion USD.

Key Points: 
  • Today JCPDI announced several investment agreements and projects worth over 267 million USD.
  • New investments in JCPDI aim to promote the economic diversification of the Kingdom, increase the private sector contribution in the economy and attract new foreign direct investments.
  • Overall investments in JCPDI now exceed 26,7 billion USD.
  • The newly signed agreements will generate around 300 new direct and indirect high-quality jobs and contribute to the local GDP".

Saudi Arabia Landscaping Market Analysis Report 2022: Increasing Trend for Outdoor Living Spaces & Growing Demand for Residential Landscaping - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 17, 2022

As a result, an increased number of commercial and residential projects are expected to fuel the demand for this market.

Key Points: 
  • As a result, an increased number of commercial and residential projects are expected to fuel the demand for this market.
  • Furthermore, the growing usage of outdoor spaces such as outdoor kitchens, lounges, entertainment areas, etc.
  • As a result, such factors are expected to boost the market for landscaping in Saudi Arabia during the forecast period.
  • Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian Landscaping Market.

AMEA Power signs Agreement with the Government of Egypt to deploy 1,000MW Green Hydrogen Project

Retrieved on: 
Wednesday, November 16, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221116005516/en/
    MEA Power signs Agreement with the Government of Egypt to deploy 1,000MW Green Hydrogen Project (Photo: AETOSWire)
    Announced on the sidelines of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, the project will support the long term vision of Egypt to become a hub for green hydrogen production.
  • AMEA Power has partnered with the Sovereign Fund of Egypt, the Egyptian Electricity Transmission, the New and Renewable Energy Authority, and the Suez Canal Economic Zone to deliver the project.
  • AMEA Power is also discussing with Egyptian Hydrocarbon Corporation in Egypt to potentially provide it with a portion of the green hydrogen production to support the development of green industries in the country.
  • AMEA Power is rapidly expanding its investments in wind, solar, energy storage and green hydrogen, demonstrating its long term commitment to the global energy transition.

Global religious leaders promote climate action during UN climate conference COP 27

Retrieved on: 
Monday, November 14, 2022

JERUSALEM, Nov. 14, 2022 /PRNewswire/ -- Dozens of religious leaders, Jews, Muslims, Christians, Hindus and Buddhists from Egypt, the USA, Israel, India, Spain and Great Britain gathered Sunday, November 13th .22 at the base of Parliament Hill in London and at the same time in Sharm el-Sheikh, Jerusalem, and other places around the world in an excited call to the leaders around the world to act for climate repentance and to act according to the ten universal principles on climate, this is in the midst of the UN conference being held in Sharm el -Sheikh.

Key Points: 
  • For the first time, a Climate Repentance Ceremony, calling for people to repent and change people's destructive lifestyles and systems in order to save the planet.
  • The climate repentance ceremony was supposed to take place at Mount Sinai as part of the COP-27 climate conference taking place in Sharm el-Sheikh, part of the Sinai Peninsula and only 200 km from Mount Sinai.
  • Hopefully, events will encourage and empower religious communities in the world to mitigate climate change caused by humans, and promote the use ofrenewable energy.
  • The Ten Principles for Climate Repentance (mini versions) are:
    In addition, many houses of worship around the world joined together today with prayer and study focused on climate action to protect our environment.

Four Seasons and Midad Real Estate Announce Plans for Hotel and Private Residences in Jeddah's Corniche District

Retrieved on: 
Wednesday, November 9, 2022

TORONTO, Nov. 9, 2022 /PRNewswire/ -- Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, announces plans to expand its presence in the Middle East alongside Saudi-based investment firm Midad Real Estate. Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024.

Key Points: 
  • Together, they will introduce Four Seasons Hotel and Private Residences Jeddah at the Corniche, a new-build coastal retreat scheduled to open in 2024.
  • We look forward to partnering with Midad Real Estate to establish Four Seasons Jeddah at the Corniche as a primary gateway to all New Jeddah Corniche has to offer."
  • Four Seasons Hotel and Private Residences Jeddah at the Corniche will include 269 luxuriously appointed guest rooms and suites, 21 serviced apartments for short and long-term stays and 64 Private Residences including two penthouses.
  • Four Seasons Hotel and Private Residences Jeddah at the Corniche will join Four Seasons growing collection of properties in the Kingdom of Saudi Arabia, including Four Seasons Hotel Riyadh at Kingdom Centre , the upcoming Four Seasons Hotel Diriyah , and a collection of projects soon to be announced.

Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round

Retrieved on: 
Tuesday, November 1, 2022

BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.

Key Points: 
  • BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.
  • Crucially, Volocopter's holistic UAM ecosystem approach connects all key global market players as it strives to get the industry off the ground.
  • This is the key requirement to launching commercial operations and starting to generate revenue," said Dirk Hoke, CEO of Volocopter.
  • With many interested companies having passed the due diligence phase, Volocopter's Series E funding round remains open.

Volocopter Raises Additional USD 182 million in Second Signing of Series E Financing Round

Retrieved on: 
Tuesday, November 1, 2022

BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.

Key Points: 
  • BRUCHSAL, Germany, Nov. 1, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility (UAM), has raised an additional USD 182million in the second signing of its Series E funding round.
  • Crucially, Volocopter's holistic UAM ecosystem approach connects all key global market players as it strives to get the industry off the ground.
  • This is the key requirement to launching commercial operations and starting to generate revenue," said Dirk Hoke, CEO of Volocopter.
  • With many interested companies having passed the due diligence phase, Volocopter's Series E funding round remains open.

Overseas Adventure Travel Adds Single Cabins with No Single Supplement on 2023 Small Ships

Retrieved on: 
Thursday, October 27, 2022

BOSTON, Oct. 27, 2022 /PRNewswire/ -- Overseas Adventure Travel (O.A.T.), the leader in personalized small group and solo travel, announced that it has added more single cabins with free single supplements for January to December 2023 departures of select Small Ship Adventures.

Key Points: 
  • , theleaderin personalized small group and solo travel, announced that it has added more single cabins with free single supplements for January to December 2023 departures of select Small Ship Adventures.
  • "More single cabins and free single supplements mean more solo travelers can travel," said Brian FitzGerald, O.A.T.
  • "By adding more single cabins with free single supplements, we hope more solo travelers will be able to afford travel to faraway places,"said Brian FitzGerald, CEO of O.A.T.
  • "We invite travelers to travel solobut never alonethen after a day of adventure, relax and recharge in their own cabin."

Banyan Tree AlUla Welcomes Guests To A Moment A Million Years In The Making

Retrieved on: 
Monday, October 24, 2022

'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.

Key Points: 
  • 'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.
  • We wanted to create an escape where guests could truly immerse themselves in the destination while enjoying the Banyan Tree hospitality.
  • Guests can also enjoy the resort's infinity rock pool, the renowned Banyan Tree Spa, and two fine-dining outlets, including Banyan Tree's signature Thai restaurant, Saffron.
  • The Group is recognised for its commitment to environmental protection and community development through its Banyan Tree Global Foundation.

Banyan Tree AlUla Welcomes Guests To A Moment A Million Years In The Making

Retrieved on: 
Monday, October 24, 2022

'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.

Key Points: 
  • 'In-villa'gives guests made-to-measure dining, wellness, and entertainment experiences brought to life by the talented cast of Banyan Tree hosts.
  • We wanted to create an escape where guests could truly immerse themselves in the destination while enjoying the Banyan Tree hospitality.
  • Guests can also enjoy the resort's infinity rock pool, the renowned Banyan Tree Spa, and two fine-dining outlets, including Banyan Tree's signature Thai restaurant, Saffron.
  • The Group is recognised for its commitment to environmental protection and community development through its Banyan Tree Global Foundation.