Saudi energy minister reaffirms commitment to renewable energy expansion
Saudi energy minister says at World Petroleum Congress that the Kingdom remains committed to Vision 2030 and ongoing investment in renewables.
Saudi Energy Minister Abdulaziz bin Salman reiterated the Kingdom's dedication to renewable energy expansion during the World Petroleum Congress in Riyadh. Speaking at the event's opening, he affirmed ongoing investments in the energy sector and the expansion of renewable energy projects, highlighting the country's commitment to Vision 2030.
Minister bin Salman emphasized that investment in energy is essential to achieve Saudi Arabia's strategic objectives, underlining that no future exists for the energy sector without ensuring energy security. He stated that Saudi Arabia places energy security at the top of its priorities, acknowledging the global benefits derived from the Kingdom's ability to supply energy even in challenging circumstances, underscoring the country's pivotal role in stabilizing energy markets.
Localization was also highlighted as a crucial strategic goal for the Kingdom in the energy and industrial sectors, indicating a broader commitment to diversifying and strengthening the domestic energy landscape.
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