ENGIE’s Saudi expansion ‘firmly on track’

French company ENGIE established a dedicated holding company in Saudi Arabia in 2019 as part of a bid to bring all the group’s assets in the Kingdom under one entity. (ENGIE)
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Updated 07 January 2021
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ENGIE’s Saudi expansion ‘firmly on track’

  • The company has hired 62 additional employees, bringing the total number of staff in the Kingdom to 2,000

RIYADH: ENGIE, the France-headquartered energy and services conglomerate, said this week that its expansion in Saudi Arabia is firmly on track, with its asset and project value in the Kingdom valued at over $8 billion, and plans to invest in assets worth an additional $6.34 billion by 2025.

The French company established a dedicated holding company in Saudi Arabia in 2019 as part of a bid to bring all the group’s assets in the Kingdom under one entity.

ENGIE is now a major player in the development of Saudi Arabia’s renewable energy, co-generation, energy efficiency and other green initiatives. In the past 12 months, it has secured nine new contracts for projects in facilities management, a seawater reverse osmosis plant and projects for the provision of energy services through its service providers and in partnership with Saudi actors.

In February, the company was awarded the Yanbu-4 independent water producer desalination plant by the Saudi Water Partnership Company , projected to supply 450,000 cubic meters per day of desalinated seawater using clean energy.

ENGIE operations now provide 10 percent of the Kingdom’s electricity and 11 percent of its potable water.

The company has hired 62 additional employees, bringing the total number of staff in the Kingdom to 2,000. ENGIE plans to expand its workforce to over 5,000 employees by 2025.


Multilateralism strained, but global cooperation adapting: WEF report

Updated 10 January 2026
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Multilateralism strained, but global cooperation adapting: WEF report

DUBAI: Overall levels of international cooperation have held steady in recent years, with smaller and more innovative partnerships emerging, often at regional and cross-regional levels, according to a World Economic Forum report.

The third edition of the Global Cooperation Barometer was launched on Thursday, ahead of the WEF’s annual meeting in Davos from Jan. 19 to 23.

“The takeaway of the Global Cooperation Barometer is that while multilateralism is under real strain, cooperation is not ending, it is adapting,” Ariel Kastner, head of geopolitical agenda and communications at WEF, told Arab News.

Developed alongside McKinsey & Company, the report uses 41 metrics to track global cooperation in five areas: Trade and capital; innovation and technology; climate and natural capital; health and wellness; and peace and security.

The pace of cooperation differs across sectors, with peace and security seeing the largest decline. Cooperation weakened across every tracked metric as conflicts intensified, military spending rose and multilateral mechanisms struggled to contain crises.

By contrast, climate and nature, alongside innovation and technology, recorded the strongest increases.

Rising finance flows and global supply chains supported record deployment of clean technologies, even as progress remained insufficient to meet global targets.

Despite tighter controls, cross-border data flows, IT services and digital connectivity continued to expand, underscoring the resilience of technology cooperation amid increasing restrictions.

The report found that collaboration in critical technologies is increasingly being channeled through smaller, aligned groupings rather than broad multilateral frameworks.  

This reflects a broader shift, Kastner said, highlighting the trend toward “pragmatic forms of collaboration — at the regional level or among smaller groups of countries — that advance both shared priorities and national interests.”

“In the Gulf, for example, partnerships and investments with Asia, Europe and Africa in areas such as energy, technology and infrastructure, illustrate how focused collaboration can deliver results despite broader, global headwinds,” he said.

Meanwhile, health and wellness and trade and capital remained flat.

Health outcomes have so far held up following the pandemic, but sharp declines in development assistance are placing growing strain on lower- and middle-income countries.

In trade, cooperation remained above pre-pandemic levels, with goods volumes continuing to grow, albeit at a slower pace than the global economy, while services and selected capital flows showed stronger momentum.

The report also highlights the growing role of smaller, trade-dependent economies in sustaining global cooperation through initiatives such as the Future of Investment and Trade Partnership, launched in September 2025 by the UAE, New Zealand, Singapore and Switzerland.

Looking ahead, maintaining open channels of communication will be critical, Kastner said.

“Crucially, the building block of cooperation in today’s more uncertain era is dialogue — parties can only identify areas of common ground by speaking with one another.”