Saudi Ministry of Energy, NEOM agree MoU to coordinate in energy fields

Saudi Arabia’s Minister of Energy, HRH Prince Abdulaziz bin Salman bin Abdulaziz, has inked a memorandum of understanding (MoU) with the chief executive officer of NEOM, Eng Nadhmi Al-Nasr to enhance coordination and cooperation between the two sides in the fields of energy.

The MoU also includes enhanced cooperation in terms of renewable energy, green hydrogen production, application of a circular carbon economy, enhancing local content, innovation and development, and the development and application of artificial intelligence in the energy sector.

 

Commenting on the agreement, HRH Prince Abdulaziz said: “NEOM is one of the most important and ambitious projects of the Kingdom’s Vision 2030, as it embodies the Kingdom’s strategies and directions towards utilising renewable resources, such as solar and wind energy, to generate electrical energy. In addition, through its cooperation with the Ministry of Energy, it will aim to produce green hydrogen to achieve the goals of sustainability, preserving the environment, and opening the way for its export.”

Read the full story at Arab News


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