Saudi authorities announce plans to reorganise energy sector
The priorities include efficient use of natural resources, diversification of the economy and job creation
Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman bin Abdulaziz spoke about the prospects of transformation of the fuel and energy complex of the kingdom. This is reported by Saudi Press Agency (SPA).
The priority goals will be the efficient use of natural resources, diversification of the economy and creation of new jobs.
He emphasised that the kingdom has been paying attention to attracting investment in the energy sector for decades. In particular, large petrochemical production facilities and industrial clusters are being created. The country has also abandoned the use of liquid fuels in favour of natural gas in the production of electricity and desalination of sea water.
The Minister also recalled the significant potential of the State to export hydrogen, which is an environmentally friendly fuel and source of electricity.
In addition, Saudi Arabia is currently conducting extensive surveys to identify sites for the construction of green energy facilities. The Kingdom is also expanding the electricity transmission and distribution networks to ensure a reliable and sustainable supply for the entire country.
Photo: iStock-
![]()
Economy21.09.26Ethiopia and UAE expand cooperation in investment, trade, tourism and technology -
![]()
Economy20.09.26Brazil introduces tax incentives to attract investment in data centres and digital infrastructure -
![]()
Economy19.09.26Oman strengthens trade links as non-oil exports rise 11.4% -
![]()
Economy18.09.26Iran reports US$60 billion in trade with BRICS countries and plans to expand economic ties -
![]()
Economy18.09.26Textile exports from India rise by 16.1% in August -
![]()
Economy17.09.26Authorities: Gold becomes Ethiopia's key source of export revenue
-
![Ashok Mondal]()
Ashok MondalNID Director"Signing this Memorandum of Understanding between the National Institute of Design (NID) and TV BRICS marks a pivotal milestone in advancing design diplomacy across the BRICS media space. This moment is especially significant as India hosts the 18th BRICS Summit, following India’s assumption of the BRICS chairship under the visionary leadership of Prime Minister Shri Narendra Modi. The partnership directly embodies his call to elevate Indian design standards through 'Design in India, Design for the World'. Through the global reach and broadcast capabilities of TV BRICS, we are excited to showcase the extraordinary visual storytelling, films, and design research of NID’s Film and Video Communication students to an international audience, while also welcoming and screening film works from BRICS network countries at NID Ahmedabad. This reciprocal exchange strengthens our shared commitment to educational, cultural, and artistic collaboration, fostering sustainable connections among global creative communities. NID Ahmedabad looks forward to leveraging this partnership to deepen cross-cultural dialogue, build international expert networks, and unlock transformative opportunities for filmmakers, researchers, and faculty across member nations" -
![Vladimir Putin]()
Vladimir PutinPresident of Russia"We are developing mutual trade, which is growing; it increased by over 12 per cent last year. We have a joint commission working in this sphere. Our focus is on agriculture, shipbuilding, information technology and energy, including nuclear power. We have signed a free trade agreement between the Eurasian Economic Union and Indonesia. Jakarta is our reliable and old friend within ASEAN. We are working together at all international platforms, including the UN" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
