Saudi Arabian Refineries Company announced that its one-year non-binding memorandum of understanding with UAE-based Go Energy has expired without reaching a definitive agreement. The company stated that the expiration involves no financial obligations or impact on its financial results. SARCO continues to hold a separate hydrogen cooperation agreement signed in May with China's Ally Hydrogen Energy.
The UAE has called for the revival of joint Gulf defence and security cooperation following repeated missile and drone attacks targeting Saudi Arabia. Operations at Riyadh's King Khalid International Airport remained suspended as parts of Saudi airspace were shut down. Saudi Energy Minister Prince Abdulaziz bin Salman stated that economic and energy development initiatives will proceed uninterrupted.
A consortium comprising POWERCHINA, Elsewedy Electric, and Sinohydro has signed an EPC contract for Saudi Arabia's Rabigh 2 CCGT expansion project. The project will add approximately 2,400 MW of power generation capacity on Saudi Arabia's western coast. The milestone follows the recent financial close achieved by project developer ACWA Power.
Chinese technology investments in the Gulf Arab states are increasingly intersecting with American technology footprints, particularly across the UAE and Saudi Arabia. While China supplies cloud services, 5G networks, and smart-city systems, the US provides advanced graphics processing units and leading foundation models. Both regional governments are simultaneously pursuing sovereign computing capabilities while balancing partnerships across both ecosystems.
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