Saudi Power Procurement Company has awarded China's Gotion High-Tech 6 GWh in the kingdom's first utility-scale battery storage tender, valued at roughly $1.16 billion. Gotion secured three core sites totaling 75% of the 2 GW/8 GWh G1 project. Separately, Hong Kong Financial Secretary Paul Chan visited Doha to discuss green finance and infrastructure cooperation.
Hong Kong Financial Secretary Paul Chan arrived in Doha to advance economic, trade, and financial cooperation between mainland China, Hong Kong, and the Gulf region. During the visit, Chan met with Asian Infrastructure Investment Bank President Zou Jiayi and Qatari Finance Minister Ali bin Ahmed Al Kuwari. Discussions centered on green finance, catastrophe bond issuance, bilateral investment, and Belt and Road initiatives.
The Asian Infrastructure Investment Bank opened its 11th Annual Meeting of the Board of Governors in Doha under the theme 'Tomorrow's Infrastructure: Impact and Innovation'. Qatari Finance Minister Ali bin Ahmed Al Kuwari and AIIB President Zou Jiayi met to discuss cross-border project funding and digital infrastructure. The multilateral bank holds $100 billion in capital and plans to commit $75 billion by 2030.
The Asian Infrastructure Investment Bank has formally converted its Abu Dhabi interim operational hub into a permanent regional office. The location anchors infrastructure and trade financing connecting Asia, the Gulf Cooperation Council, and Africa. Capitalized at $100 billion, the Beijing-based lender will leverage the base to expand sovereign and private-sector partnerships.
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