According to four indicators and four pillars, the Kingdom of Saudi Arabia has advanced in the Green Economy Index, issued by MIT Technology Review, which is affiliated with the Massachusetts Institute of Technology. This index, which began in 2021, evaluates the ability of seventy-six countries to develop a sustainable, low-emission future and measures their economic transition towards clean energy through investment in renewable energy, innovation, and green policies. The Kingdom jumped ten p...
Ghawar Oil Field , the largest conventional oil field in the world, is located in Al-Ahsa Governorate in the Eastern Province of the Kingdom of Saudi Arabia, 100 km away from Dharan. The latter is the headquarters of the Saudi Arabian Oil Company (Aramco), which is the world's largest oil producing company, and the one accountable for all production and development in Ghawar Field. Production history of Ghawar Field The discovery of this field dates back to 1948, ten years after oil flowed...
Khurais Oil Field , located in the Kingdom of Saudi Arabia, is adjacent to the world's largest oil field, the Ghawar oil Field, and produces an average of 1.2 million bbl of oil per day. The discovery date of the Khurais Field The Khurais Field was discovered in 1957, with a modest production not exceeding 190,000 bbl per day. By 1982, its production rate increased to three hundred thousand bbl per day through the addition of facilities for processing crude oil containing water. However, S...
Solar PV Cell and Module Manufacturing Plant and PV Reliability Laboratory is a plant for the production of solar panels and cells in the Kingdom of Saudi Arabia. It was established in 2010 by King Abdulaziz City for Science and Technology (KACST) . The plant-affiliated laboratory is the first internationally accredited laboratory to examine solar panel efficiency and reliability. His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz, crown prince and prime minister inaugurated the second...
National Energy Efficiency Services Company 'Tarshid' is a national company owned by the Public Investment Fund. Launched in 2017, it aims to achieve strategic sustainability in the Kingdom of Saudi Arabia by optimizing energy consumption in the government and commercial sectors, establishing a high-quality energy efficiency industry, and reducing carbon emissions. Its headquarters are in the capital, Riyadh, and its service area extends across the regions of the Kingdom. Objectives o...
Clean Energy in the Kingdom of Saudi Arabia is one of the investment channels outlined in Saudi Vision 2030, aiming to add 9.5 GW of renewable energy in the first phase. It also aims to localize a significant portion of the renewable energy value chain, including steps, such as research, development, manufacturing, etc. Renewable energy in the Kingdom The Kingdom enjoys a distinctive geographic and climatic location that makes harnessing renewable energy sources economically viable and supporti...
The Custodian of the Two Holy Mosques Initiative for Renewable Energy is a Saudi initiative that adopts the concept of renewable energy and its innovative solutions as alternatives to traditional energy production methods at a competitive cost and high efficiency. It was launched by the Ministry of Energy on April 17, 2017. The initiative aims to expand the economy and position of the Kingdom of Saudi Arabia in the global renewable energy field by conducting studies, implementing preliminary wo...
The ‘Mahd Ad Dhahab’ Mine is the first modern mine in the Kingdom of Saudi Arabia, with mining operations commencing in 1939. In 1998, the Saudi Arabian Mining Company ‘Ma'aden’ commenced the modern production from the mine. Exploration activities at the mine reach a vertical depth of three hundred m from the surface, with underground tunnels extending more than sixty km. At the carbon-in-leach plant situated within the mine, gold, copper, and silver are extracted from the gold ore...
Mahd Ad Dhahab Mine is one of the oldest gold mines in the Kingdom of Saudi Arabia, located in Mahd Ad Dhahab Governorate, al-Madinah al-Munawwarah Province. The mine commenced its activities three millennia ago and was mined in large quantities around 950 BCE, which coincided with the reign of the Kingdom of Sheba in Yemen. History of Mahd Ad Dhahab Mine Mahd Ad Dhahab Mine continued to operate throughout the ages and was used during the time of the Prophet Muhammed, when it was exploit...
Natural Resources in the Kingdom of Saudi Arabia consist of a huge variety of raw materials, including mineral resources, crude oil, gas and water resources. These materials offer an economic incentive for the Kingdom. The Kingdom's geological diversity contributes to its abundance of resources, ranking it second among the top ten countries for natural resource reserves, with a value of USD34.4 trillion. The Kingdom encompasses the world's second-largest oil reserves after Venezuela. ...
The Discovery of Oil in the Kingdom of Saudi Arabia stands as one of two pivotal events that unfolded simultaneously. The first event was the issuance of a Royal Decree announcing the reunification of the country, starting on September 23, 1932. 1 The second event was the discovery of oil after geological indicators suggested the presence of oil reserves underground in the Eastern Province. This prompted Founding King Abdulaziz Bin Abdulrahman Al Saud to sign the concession agreement for oil ...
The Kingdom of Saudi Arabia is a member of the Organization of the Petroleum Exporting Countries (OPEC) as a founding member of OPEC, the Kingdom possesses two unique attributes that grant it strategic importance as a global supplier of crude oil. Firstly, it maintains the will and ability to sustain excess production capacity. Secondly, it demonstrates determination and capability to adapt its production to meet changing market conditions. No other country in the world can fulfill these two ro...