Saudi Aramco, Dubai Electricity and Water Authority sign MoU to foster collaboration in new energy

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MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence. (SPA)
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MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence. (SPA)
Updated 22 January 2019

Saudi Aramco, Dubai Electricity and Water Authority sign MoU to foster collaboration in new energy

  • MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications

JEDDAH: Saudi Aramco signed on Monday a Memorandum of Understanding (MoU) with Dubai Electricity & Water Authority (DEWA) to foster collaboration in power supply and demand management. 
The MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence.
“We look forward to our partnership with DEWA as it is an important step to achieve our shared objectives and goals that aim at identifying new opportunities within our business for deployment of new energy, smart grid and digital applications. Through this partnership, we are pursuing an exchange of experiences and best practices that will help both parties to leverage technology solutions and accelerate business growth and drive innovation in the energy sector”.
“The MoU will help our efforts in digital transformation in the energy industry by applying effective technologies to enable operational efficiencies. The collaboration with DEWA will complement Saudi Aramco’s ongoing energy and technology initiatives”, said Saudi Aramco VP Power Systems, Abdulkarim Al-Ghamdi.
“This MoU supports the vision of the wise leadership in both the United Arab Emirates and the Kingdom of Saudi Arabia and contributes to achieving integration across all vital sectors through joint efforts to support national and regional goals and common interests, anticipate the future and adopt innovation to enhance sustainability of development. The collaboration with Saudi Aramco supports regional efforts to enhance the energy, water, smart transformation, smart grids, energy efficiency and sustainability sectors”, said Saeed Mohammed Al-Tayer, MD & CEO of DEWA.
Saudi Aramco is deploying smart control systems as part of the intelligent power center currently under construction. The center aims to enhance the effectiveness of power generation, transmission, distribution, and asset management through the implementation of latest real-time power management technologies.


Saudi Arabia, Russia sign agreements during Vladimir Putin visit to Riyadh

Updated 14 October 2019

Saudi Arabia, Russia sign agreements during Vladimir Putin visit to Riyadh

  • King Salman, Crown Prince Mohammed bin Salman welcome Russian leader at Al-Yamamah Palace
  • 20 deals of cooperation were signed between the two countries

DUBAI: Russian President Vladimir Putin arrived in Riyadh on Monday on his first visit since 2007, and was welcomed to Al-Yamamah Palace by Saudi King Salman as well as Crown Prince Mohammed bin Salman.

Riyadh Governor Prince Faisal bin Bandar earlier personally welcomed the Russian leader as he disembarked from his aircraft at King Khalid International Airport.

An official welcoming ceremony was held in honor of Putin and various agreements were signed between the governments of Saudi Arabia and Russia including an oil cooperation pact.

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READ MORE: Dedicated Arab News ‘Putin in Saudi Arabia’ spotlight

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Some 20 agreements were signed between the two countries, in a ceremony overseen by the king, crown prince, Putin and Russian foreign minister Sergei Lavrov.

Russian sovereign wealth fund RDIF and Saudi Arabia's SALIC signed an agreement to team up in searching for investment projects in the Russian agricultural sector, RDIF said in a statement on Monday.

A string of multi-million-dollar investment contracts were also signed in the aerospace, culture, health and advanced technology sectors.

Putin’s “long-awaited” visit will include discussions on “further cooperation to stabilize prices on the world carbohydrate market” as well as the situation in Syria, the Gulf and Yemen.

The Russian leader, in an interview with Arab broadcasters and aired on Sunday ahead of his arrival, described the “very good relations” with the Saudi leadership.

“We consider Saudi Arabia a friendly nation. I have very good relations with both the King and the Crown Prince,” Putin said, and noted the improved bilateral relations between both countries.

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PHOTO GALLERY: Vladimir Putin visits Saudi Arabia

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Putin in the interview likewise condemned the Sept. 14 attacks on Aramco facilities, and said “such actions do not bring any positive results to anybody, including perpetrators,” as they do not have a strong effect on the market.

“We condemn any such actions, end of story. This is the official position … regardless of who stood behind the incident,” the Russian president commented.

A forum attended by Saudi Arabian and Russian business leaders and government officials earlier Monday resulted in the signing of several agreements between companies of both countries.

(Developing)