12 Hrs
Source:
الاقتصادية
Saudi Arabia Signs Energy Pacts with Kuwait, Qatar, Egypt
Saudi Arabia signed three Memoranda of Understanding with Kuwait, Qatar, and Egypt to enhance cooperation in the energy sectors, including electricity, renewable energy, petroleum, natural gas, and clean hydrogen. The agreements aim to develop infrastructure, localize products and services, and promote emission reduction solutions, with a focus on leveraging modern technologies such as artificial intelligence and cybersecurity. The memoranda include the construction of pipelines, improvement of energy efficiency, and exchange of expertise, all in support of the energy transition, reducing the impact of climate change, and strengthening the legal and commercial energy markets among the three countries.
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