Egypt, Saudi Arabia sign MoU for cooperation in fields of electricity, renewable energy and clean hydrogen

CAIRO - 8 November 2022: Egypt and Saudi Arabia signed Tuesday a memorandum of understanding (MoU) for cooperation in fields of electricity, renewable energy and clean hydrogen.

 

This took place on the sidelines of the meetings of the 27th Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27), held in Sharm El-Sheikh.

 

The Saudi Ministry of Energy said, in a statement, the MoU aims to enhance cooperation in the production and export of electricity from renewable energy, clean hydrogen transport, electrical interconnection, encourage digital transformation, innovation, cybersecurity, artificial intelligence, and develop qualitative partnerships between the two countries.

 

It also targets to localize materials, products, services, supply chains and technologies, in addition to cooperation with companies specialized in the fields of electricity, renewable energy and clean hydrogen, according to the statement.

 

The Ministry of Energy pointed out that the MoU includes conducting joint research with universities, research centers and others, organizing conferences, seminars and working sessions, building human capacities through training and exchanging information and experiences, which would contribute to deepening and expanding the base of cooperation between the two countries.

 

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