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23:37 19-04-2018
Austrians may create a “Smart City” in the Crimea
23:05 19-04-2018
Pushkin Museum seeks contractor for reconstruction of a manor house
22:34 19-04-2018
Lithuania’s first Marriott hotel to be built on the site of an old stadium
21:50 19-04-2018
Foreigners rent elite cottages in Moscow region for 2018 World Cup
21:22 19-04-2018
Sports complex with a 3D facade will be built in Moscow
20:15 19-04-2018
Dutch architect Winy Maas to talk about modern housing at Kaliningrad forum
19:48 19-04-2018
Czechs and Americans bought out all offices in Metropolis complex in Moscow
23:09 18-04-2018
Investments in China’s real estate soar, hitting a three-year high
22:11 18-04-2018
Experts name the cheapest resort destinations in Europe
21:32 18-04-2018
Gazprom and Saudi Aramco will create a joint coordinating committee
21:07 18-04-2018
$1,9 billion to be allocated for capital construction of military facilities in Russia
20:53 18-04-2018
A kindergarten with Spanish graffiti will be built in Moscow
20:14 18-04-2018
High-tech diamond enterprise will be set up in Moscow
19:51 18-04-2018
Two new metro stations to be built in northern Moscow
23:54 17-04-2018
High-speed railway from Vladimir to Nizhny Novgorod airport is approved
23:03 17-04-2018
Russian scientists developed a transport model for Cote d'Ivoire
22:47 17-04-2018
Prosecutor General's Office will closely monitor Vostochny Cosmodrome project
22:12 17-04-2018
Volvo launches a new line of rock haulers
21:50 17-04-2018
Experts reveal why there are more new houses in USA
20:24 17-04-2018
Japanese-Russian medical centers to be set up all over Russia
19:50 17-04-2018
More fast food outlets will emerge in Moscow
23:36 16-04-2018
Apartments in Trump Tower have lost their appeal for buyers
23:14 16-04-2018
$15,7 billion invested in Dubai real estate in 2018
22:31 16-04-2018
Plant producing aluminum profiles will open in Russian Caucasus
22:06 16-04-2018
Experts explained the popularity of sports facility construction
21:44 16-04-2018
100 houses worth $2,5 billion are revealed in the Moscow region
21:00 16-04-2018
Europe’s highest observation deck will overlook the Kremlin
20:33 16-04-2018
50 new types of building materials approved for the use in Russia
23:44 13-04-2018
Over 800 people protest against a cement plant construction near Veliky Novgorod
22:43 13-04-2018
Russian entrepreneurs come up with “Little Italy” project
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Saudi Arabia develops energy projects to reduce oil consumption

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Saudi Arabia develops energy projects to reduce oil consumption

Saudi Arabia intends to develop 30 projects in the field of solar and wind energy to increase electricity production and reduce consumption of oil, said Minister of Energy, Industry and Mineral Resources of the country, Khalid al-Falih at a conference in Riyadh.


According to Khalid al-Falih, the projects will be developed over the next 10 years under the $ 50-billion program for increasing the electricity production. It is assumed that under this plan the world's largest exporter of oil will produce 10% of its energy with the use of renewable energy sources and nuclear power stations.

The Minister noted that in the fourth quarter of this year, Saudi Arabia would offer a tender for the production of 400 megawatts of wind energy within the framework of a project implemented in the country’s northern region of Domat al-Jandal.

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