Renewable energy meet begins today
Renewable energy meet begins today
The 18th annual conference of the United Nations Framework on Climate Change (UNFCCC) is to be held in Riyadh, Dammam and Jeddah from Monday through Dec. 7.
It will be held at the Intercontinental Hotel in Riyadh Monday through Nov. 28. It will then be held in Dammam on Nov. 30-Dec. 2 and in Jeddah on Dec. 5-7.
“We are willing to set an example in climate protection. Renewable energy has evolved into a highly innovative sector in Germany,” said German Ambassador Dieter Haller in a statement.
Andreas Hergenroether, delegate of German industry and commerce in Saudi Arabia and Yemen, said: “German economy is internationally well-known as world leader in the first of green technologies and innovative concepts.”
GESALO said that Germany is like no other major industrialized country committed to building up a significant energy-generating capacity based on renewable energies.
It said in a statement: “The exhibition will give an insight into the German renewable energy philosophy. Almost 20 percent of electricity in Germany is now produced from renewable sources.”
Given the abundance of solar energy in the region, solar power is among the most important of the “renewable energy” alternatives being promoted by Saudi Arabia.”
The Kingdom has announced an ambitious goal of reaching 41GW of solar power generation capacity by 2032 (25GW of concentrated solar power (CSP) and 16GW of Photovoltaics). A 9GW wind energy capacity is also being envisaged. Building up energy generation capacity will be a major field of investment in the future.
GESALO also said that renewable energies are not only a factor in combating climate change and its consequences such as extreme weather events but can also help save mineral resources as raw materials for the petrochemical industry rather than use them in power generation.
Renewable energies can also contribute to diversifying industry and create jobs.
The other exhibitors include the Intercontinental Hotels Group (IHG), Green Gulf and the German-Saudi Arabian Liaison Office for Economic Affairs in Riyadh (GESALO).
GESALO said that Intercontinental Hotels Group is committed to contribute its share to more sustainability and energy efficiency in its operations. The group has set itself several goals under its corporate responsibility program and will further develop and expand its “green engage” program all over the world to at least 50 percent of its estate, and make it easier to use for participating hotels.
Saudi Arabia’s King Salman will patronize the launch of the Qiddiya Project
JEDDAH: Saudi Arabia’s King Salman will patronize on Wednesday the launch of the “Qiddiya” Project which is the new entertainment, sports and cultural destination in the Kingdom.
The project will be built in Al-Giddiya area, some 40 km west of the capital, Riyadh.
The foundation stone ceremony of will be attended by a host of local and international officials, as well as a number of decision-makers, major investors and representatives of the regional and international companies, marking the launch of the project’s formal infrastructure. The first phase will be completed by 2022.
In a statement to Saudi Press Agency (SPA), Dr. Fahd bin Abdullah Tounsi, Secretary General of the Foundation Council of the Qiddiya Project of the Public Investment Fund (PIF) said that the inauguration of this vital project is a real translation of the aspirations of the Kingdom’s wise leadership and its relentless efforts to develop mega projects that would contribute effectively to achieve many direct and indirect economic returns, and to advance sustainable development for the benefit of the homeland and the citizen, in accordance with the Kingdom’s Vision 2030.
“About two-thirds of the Kingdom’s population is under the age of 35. There is a great need for Qiddiya Project to provide them with entertainment. The project will save about $30 billion, which will be used to develop the domestic economy and create new job opportunities for Saudi youths,” he added.
For his part, Michael Reininger, Chief Executive of Qiddiya, said, “we are delighted to be a key contributor to boost the Kingdom’s economic development and investment, not only for the entertainment industry but also to projects that will develop the capabilities the young Saudi people.”