Latest news with #Dhahran
Arab News
14 hours ago
- Business
- Arab News
Saudi science university makes world's top 100
DHAHRAN: King Fahd University of Petroleum and Minerals has achieved a milestone by entering the list of the world's top 100 establishments, ranking 67th in the 2025 QS World University Rankings after being 101st last year. The transformation has taken place across academic, research, and administrative domains. Nearly 100 new programs have been launched, including innovative undergraduate and graduate offerings. The university has also introduced the region's first entrepreneurship program, granting students and researchers full ownership of their startups in a move that reflects a modern, innovation-driven academic culture focused on economic empowerment. In addition, the university has adopted the FAST transformation model and the AI+X initiative, which integrates artificial intelligence as an integral knowledge component across all disciplines, making it a core academic requirement for all students. The university has also achieved the highest female enrollment rate in engineering programs globally, and attracted students from more than 75 countries, according to the Saudi Press Agency.
Arabian Business
a day ago
- Business
- Arabian Business
ROSHN Group launches first phase of sales for Aldanah community in Dhahran
Three weeks after breaking ground in its 2,000-residence Aldanah project in the Eastern Province of Dhahran, ROSHN Group has launched the first phase of sales, offering more than 1,000 high-quality modern homes within an integrated community. Saudi Arabia's leading real estate developer, a PIF company, said the first phase offers nine floor plans and two distinct facade types, including duplexes and standard villas. Premium villas with five bedrooms, positioned near a green spine, are also available. Strategically located at the confluence of Dammam, Dhahran, and Al Khobar, Aldanah is adjacent to King Abdulaziz Road and just 35 minutes from Dammam's King Fahd International Airport. Sustainable living with ROSHN's Aldanah project Dr Khalid Johar, ROSHN Group Acting Chief Executive Officer, commented: 'We continue to build on the momentum of Aldanah community's groundbreaking as we reach another milestone with the first phase of sales. 'The strategic location of Aldanah and its regionally inspired designs, combined with the integrated amenities and the sustainable green spine, reflect ROSHN Group's commitment to developing destinations that enhance quality of life and contribute to the achievement of Saudi Vision 2030 objectives.' Aldanah is being designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. Amenities include mosques, community centres, retail and commercial areas, and schools. More than 145,000 sqm of the project's total area will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets.
Argaam
2 days ago
- Business
- Argaam
ROSHN launches 1,000-unit project in Dhahran
ROSHN Group, a real estate developer backed by Saudi Arabia's Public Investment Fund (PIF), launched the first phase of sales for its new residential community 'ALDANAH' in Dhahran. The phase comprises over 1,000 units and is part of a larger master-planned project that will deliver more than 2,000 homes once completed. ROSHN said the first phase includes a range of floor plans and architectural designs, featuring both standard and premium villas, as well as duplexes. The project includes various amenities and dedicates more than 145,000 square meters to green spaces and pedestrian areas. ALDANAH is located at the confluence of Dammam, Dhahran, and Al Khobar, next to King Abdulaziz Road and about 35 minutes from King Fahd International Airport.
Zawya
2 days ago
- Business
- Zawya
ROSHN GROUP launches first phase of sales for ALDANAH
First phase of sales for ALDANAH now live with more than 1,000 homes, featuring diverse floor plans and architectural facade types ALDANAH stands in a strategic location in Greater Dammam at the confluence of Dammam, Dhahran, and Al Khobar and promises a vibrant new community RIYADH: ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer and a PIF company, has launched the first phase of sales for ALDANAH, its destination community in Dhahran, introducing more than 1,000 new, high-quality modern homes within an integrated community that will offer more than 2,000 homes upon completion. The first phase of ALDANAH offers a diverse range of floor plans and façade types, including standard and premium villas, in addition to duplexes. Customers can immerse themselves in ALDANAH's new way of living through on-site show villas in ALDANAH sales center. ALDANAH is holistically designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. A rich array of amenities, including mosques, community centers, retail and commercial areas, and schools, is all within the community. More than 145,000 sqm of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets, connecting residents with nature. Residents also benefit from ROSHN Group's unrivalled community management, maintenance, and scheduled services for public amenities through the Community App. This service ecosystem ensures that public areas are attractive and safe. ALDANAH is strategically located in the heart of Greater Dammam, at the confluence of Dammam, Dhahran, and Al Khobar, next to King Abdulaziz Road and just 35 minutes from King Fahd International Airport. Dr Khalid Johar, ROSHN Group Acting Chief Executive Officer, said: 'We continue to build on the momentum of ALDANAH community's groundbreaking as we reach another milestone with the launch of sales. The strategic location of ALDANAH and its regionally inspired designs, combined with the integrated amenities and the sustainable green spine, reflect ROSHN Group's commitment to developing destinations that enhance quality of life and contribute to the achievement of Saudi Vision 2030 objectives.'
Zawya
4 days ago
- Business
- Zawya
Amin H. Nasser, Aramco President & CEO, gives address at Energy Asia 2025
DHAHRAN, Saudi Arabia – Aramco President & CEO Amin H. Nasser today delivered a video address at Energy Asia 2025, a premier forum that focuses on Asia's key role in the energy transition. This year's conference centers around the theme 'Delivering Asia's Energy Transition' and brings together energy and industry professionals and policymakers to help shape Asia's energy future. Full text of Amin H. Nasser's remarks follows below. Amin H. Nasser, Aramco President & CEO, said: 'I would have liked to be in Kuala Lumpur to personally congratulate Tan Sri Tengku Muhammad Taufik on another successful Energy Asia, particularly at such a challenging time in world affairs. Since we last met two years ago, the world has certainly learned a lot more about the challenges of the global energy transition. Unfortunately, much of that learning has come from hard reality. Reality has revealed a transition plan that's been oversold and under-delivered for large parts of the world, especially Asia. We were told it would be rapid, painless, and inevitably mean the collapse of conventional energy. Yet oil demand still exceeds 100 million barrels per day, with no sign of collapsing. Why? Because real-world challenges have exposed deep technical, economic, political, and social flaws in the original narrative. For one thing, the transition is incredibly expensive. Reaching net-zero could cost up to 200 trillion dollars. For another, public doubts are growing as fairytale fantasies meet reality on the ground. People see that renewables, while important and growing, are far from ready to shoulder the burden intended and the risk that exists. As a result, energy security and affordability have at last joined sustainability as the transition's central goals. Pragmatism is replacing idealism. And that is a good thing, particularly for Asia. As the engine of global growth and the world's largest energy-consuming region, Asia accounts for almost half of global demand. Without Asia's needs and resources in the equation, the transition has no mass, no momentum, no chance! And Asia will need a lot more energy… from every source. Yet wind, solar, and EVs aren't even meeting today's demand growth, let alone tomorrow's. That's why oil and gas remain a crucial part of the energy mix. They will be central to meeting rising demand and protecting energy security. But let me be clear: further reducing emissions from these critical sources will also be mission-critical. Because the goal is not to abandon traditional energy. It's to improve it, while expanding new solutions at a realistic pace. And each country must have a flexible, tailored energy strategy they can deliver. Based on where they are today… and what they can afford. While accepting that transition will not be smooth sailing or pain-free… especially in an increasingly volatile and uncertain world. Because history tells us many things. It's shown us that when conflicts occur, the importance of oil and gas can't be understated. We are witnessing this in real time, with threats to energy security continuing to cause global concern. History also tells us that new energy sources don't replace the old. They add to the mix. That's why, above all, history tells us we need collaboration. Government, industry, innovators all have a role to play – in new and conventional energy. So let's ensure that Asia's transition voice matches its economic voice. Let's deliver a future that is secure and affordable as well as sustainable. And let's move to a plan that's grounded in reality. But where the sky's the limit if we focus on prosperity and progress… for everyone. Thank you, and I hope these thoughts help to shape a productive conference.' Aramco Contact Information International Media Relations: @aramco About Aramco As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world. Disclaimer The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company's current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as 'target,' 'believe,' 'expect,' 'aim,' 'intend,' 'goal,' 'may,' 'anticipate,' 'estimate,' 'plan,' 'project,' 'can have,' 'likely,' 'should,' 'could,' and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco's ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco's growth; the management of the Company's subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco's exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company's latest periodic reports filed with the Saudi Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company's latest periodic reports filed with the Saudi Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements.
