Breaking news in Riyadh! Saudi Arabia is finally investing $110 billion to develop unconventional gas reserves in Al Jafurah! What?
As Saudi Arabians, you might be quite familiar with Al-Jafurah because it is well known for being the world’s largest conventional oilfield! We all know Saudi Arabia for being rich in oil and gas, which is why this news is delightful to hear!
Al Jafurah is estimated to hold 200 trillion cubic feet of wet grass which will make it easier for them to plan out the execution! The plans for later developing the grounds was reviewed last month by the Saudi High Commission for Hydrocarbons in a previous meeting by the Crown Prince Mohammed bin Salman!
The phased development of the field is expected to gradually increase Saudi productions to 2.2 trillion cubic feet by approximately 2036. This investment will definitely help rain money down on Riyadh! Yes it will take a few years to execute the plan and set everything in motion, but it will be a fortunate journey for the citizens of Saudi Arabia.
The Crown Prince stated that the 22 years it will take to fully develop the field will definitely provide the government with an annual income of $8.6 billion as well as will contribute to the kingdom’s gross domestic product per year!
The field is expected to produce 130,000 barrels per day! Yawza, what a number! They’ll also be capable of producing around 500,000 BPD of gas liquids and condensates. The term unconventional gases refer to reserves in using advanced extraction methods such as the ones used in the Shade Gas Industry.
A team of several high tech savvies as well as advanced workers will be in charge of such a life changing event happening in Saudi Arabia!
Great changes are taking place in Saudi Arabia and it is believed to be a positive one where millions and millions will be made! Maybe this will even make it to the Guinness World Book of Records in 2020, we’ll just have to wait and see!
Iconic Fashion Designer Thierry Mugler Dies at 73
Known for his iconic designs, and his ravishing pieces Manfred Thierry Mugler dies at the age of 73. Born in Strasbourg France, he was a talented performer, model, and an acrobat. Kicking of his fashion career by opening his own store and selling his unique designs that are known for broad shoulders and sharp tailoring, that are inspired by 1940s and 1950s glamour. His designs were worn by stars such David Bowie, Beyonce, Lady Gaga, Kim Kardashian, Madonna and more. His latest collection featured peculiar and astonishing designs of black stripes, and shoulders that mesmerized the body. In addition, to his iconic designs in the 90s and 80s era. He sold the rights to his name to the brand Clarins in 1997 after launching his perfume angel. He was also the creative director to Beyonce I AM world tour in 2010. The superstar had paid tribute to him on her social media by referencing the several creations he made for her over the years. As she had stated “Rest in Peace Thierry Mugler”. All of celebrities and models are honoring the designer and paying tribute, as Irina Shayk and posted a photo with him, in condolence for his death. The designer’s death was a shocking news for the fashion world, and his celebrated reputation follows him.
Dubai Ranked as the Busiest Airport in December by Official Airline Guide
As the holiday season pops up and December comes through Dubai is one of the best destinations for all. Dubai international airport had been the destination for 3.5 million seats last December as the official airline guide reported on Thursday. DXB had been in operation with all of its facilities and lounges, restaurants, and retail outlets. An operating phase of 15% increase last month. According to data that’s the busiest global airport this month. The busiest international airport is based upon scheduled capacity and compared to 2019 PR pandemic. The travel destination is set to be one of the most loved cities in the world, loved by the people across the globe. Dubai a urban dream is set to be a destination for people across the globe, obviously after travel restrictions released all globetrotters are around the mecca of travel and adventure. Traveling to Dubai is seen as a dream come true with trillions of tourists every day, and expats.
Majid Al Futtaim Death
The visionary UAE business man, Majid Al Futtaim died in December 17. Founding his empire group Al Futtaim, in 1992, and operating across 13 countries, in the MENA region, with three main subsidiaries, retail, ventures, and properties. After a Tweet from the company and his fellow employees about his death, Mr. Majid Al Futtaim passing and condolences was shared amongst all people. As Alian Bejjani the ceo of the group paid tribute to the late businessman. In a statement by Al Maktoum, “Mr. Majid was a visionary entrepreneur and a truly exceptional man who transformed the retailing experience both here in the UAE and more widely across the region,” he posted on Twitter. “His extraordinary foresight and clarity of purpose not only set our company on the path to success, but greatly contributed towards the UAE’s global reputation for innovation and excellence.” As his company tweeted, Majid Al Futtaim was a visionary entrepreneur who transformed the face of business in the entire region and his lifetime achievements have been an inspiration for many, “Our sincere thoughts and prayers are with Mr. Majid’s family and loved ones during this difficult time.”, as his death remarked the legacy of the empire he had built. Initiating from the UAE his career had brought the skyscrapers of the city.