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الاقتصادية
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Saudi Akwa to finalize Mongolia energy deals soon
The article discusses "Aqua" Saudi Investment Company's opportunities in the renewable energy market in Mongolia, with expectations of finalizing project agreements within two to three years. The report indicates that, despite challenges related to Mongolia's infrastructure and limited demand, the country possesses abundant wind and solar resources, making it a promising market for the long term. Initiatives include signing a memorandum of understanding to develop and export electricity from Mongolia to China, with a targeted capacity of up to 4.5 gigawatts accompanied by a 500-megawatt/hour battery storage system. The company is focusing on its long-term strategy, with projects under consideration and analysis of opportunities for increasing domestic demand and future exports, especially as the mining sector expands and Mongolia's strategic location aligns well with the markets in China and Russia.
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