Saudi Shura Council Calls For Enhancing Renewable Energy Sector Infrastructure

Business

July 1st, 8:30am

Riyadh- Asharq Al-Awsat

Saudi Shura Council | SPA

The Saudi Shura Council on Tuesday demanded that the Kingdom’s energy ministry move towards speeding up the building of the infrastructure needed for the renewable energy sector and increase the production of power stations through the private sector. This call came after Shura Council members had reviewed a report presented by the economic committee. The report gave recommendations for the Ministry of Energy and the Ministry of Industry and Mineral Resources. A resolution was approved calling for the Ministry of Energy to present the Kingdom's experience in reducing emissions from fuel as a pioneering model at the global level, within the priorities of the G20 group. The Ministry of Energy was called upon to coordinate with the relevant authorities to accelerate the completion of infrastructure for the renewable energy sector and enhance its competitiveness. With regard to the recommendations of the committee to the Ministry of Industry and Mineral Resources, it was agreed that the ministry should encourage the localization of factory equipment and parts. The Council called on the Ministry of Industry and Mineral Resources to work to establish an appropriate investment base in the city of Waad Al-Shamal, to encourage Saudi and foreign companies to manufacture the products of the Saudi Arabian Mining Company (Maaden). The Council also demanded the Ministry build a partnership with the Fourth Industrial Revolution Center at the King Abdulaziz City for Science and Technology (KACST) to maximize the benefit of Saudi industrial companies from scientific and technical development in facing the challenges of global competition. More so, the Council stressed the need to intensify efforts to develop pharmaceutical and medical equipment sectors in order to enhance self-sufficiency in basic medical supplies and health security, in light of developments, and to confront global trade variables and supply chains.

from Asharq AL-awsat https://english.aawsat.com/home/article/2364501/saudi-shura-council-calls-enhancing-renewable-energy-sector-infrastructure