Bahrain signs off on its largest solar project in boost to renewable energy goals 

The project is set to contribute 28 percent to the nation’s renewable target (Shutterstock)
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Updated 16 August 2023
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Bahrain signs off on its largest solar project in boost to renewable energy goals 

RIYADH: Bahrain is gearing up for a significant leap in its renewable energy efforts with the signing of its largest solar power project, the state news agency reported. 

Situated in the southern city of Sakhir, the project is set to generate 72 megawatts, contributing 28 percent to the nation’s target of achieving 250 MW from renewable sources by 2025, Bahrain News Agency said. 

The initiative encompasses an array of solar systems, including rooftop installations, ground-mounted arrays, and solar panels integrated into car parks.

The project will also incorporate electric vehicle charging stations, demonstrating Bahrain’s holistic approach to sustainable energy. 

Yasser bin Ibrahim Humaidain, the minister of electricity and water affairs who presided over the signing of agreement, noted that the development is aligned with Bahrain’s National Renewable Energy Action Plan.

The venture reflects the country’s commitment to reducing carbon emissions and curtailing energy costs. 

Humaidain emphasized the broader impact of the project, echoing Bahrain’s aspiration to achieve carbon neutrality by 2060 while fostering economic growth. 

Highlighting the significance of utilizing vast areas of the kingdom for solar energy generation, the minister underscored the drive towards a sustainable economy and expanded investment in renewable energy projects in collaboration with the private sector. 

In June, the Gulf state took a major step toward achieving its goal of increasing the share of renewable energy to 5 percent of its total power generation by 2025.  

Kamal bin Ahmed Mohammed, president of the country’s Electricity and Water Authority, said that the move was part of a strategy to diversify the country’s energy resources and achieve its intended renewable resource share.  

“Bahrain is dedicated to it transition to sustainable energy and its COP26 commitments by investing in renewable energy resources and ultimately reducing carbon emissions to net zero by 2060,” he said at the time.


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.