Arab News, Monday, Aug 24, 2020 | Muharram 5, 1442
Saudi energy ministry signs cooperation deal with Neom
Saudi Arabia:
Saudi Arabia’s energy ministry reached a series of agreements Sunday with
the new mega city Neom.
Energy minister Prince Abdul Aziz bin Salman and Neom CEO Nadhmi Al-Nasr signed
the memorandum of understanding in several energy fields, Al Arabiya reported.
Prince Abdul Aziz described the scale of Neom as larger than a middle-sized
country.
He stressed the importance of working hard on the “huge, vital project,” which
is one of the goals of the Kingdom's Vision 2030.
“We all hope that as citizens, the Neom project will accomplish all its goals
and on time...and if we want to do so, we have no choice but to be up to the
work and ambition required for this project,” he said.
Neom aims to produce 15 gigawatts of renewable energy by 2030, which is
equivalent to a quarter of the Kingdom's electricity consumption at peak times,
the minister added.