Middle East & Central Asia News
LAST UPDATE: July 15, 2025
Saudi Arabia to boost renewables with $8bn investment
ACWA Power and Aramco Power will invest ~$8.3 billion to build 15 GW of solar and wind capacity by 2028 across multiple regions, aligning with Vision 2030 goals to achieve 50% renewables by 2030 and net-zero by 2060.
Insight
The large-scale investment signals strong commitment to energy diversification, leveraging international investor confidence and pushing forward Saudi Arabia’s strategic shift away from oil dependency.
Saudi Arabia Reviews Gigantic City at Neom Called The Line
Saudi Arabia has engaged consulting firms to conduct a strategic review of its ambitious “The Line” linear megacity within NEOM, to assess feasibility and consider modifications.
Insight
Bringing in external consultants suggests growing caution about the project’s scope, indicating possible shifts in planning or scaling back, as Saudi Arabia reassesses the project’s cost, design, and practicality.
