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Saudi Arabia, Kuwait eye joint ventures

Business Kuwait City 28 Oct 21
Saudi Arabia, Kuwait eye joint ventures
Kuwait and Saudi Arabia are planning a number of joint endeavors, according to Kuwait’s oil minister.
Fee
Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
28 October 2021, 12:00 AM
End Time
30 November 2021, 12:00 AM
Website

Kuwait’s oil minister said on Saturday that his country and Saudi Arabia are planning a number of joint endeavours, including common efforts to slash methane emissions, as he commended Riyadh for its Green Initiative.

Dr Mohammad Al-Fares said on the sidelines of the Saudi Green Initiative forum in Riyadh: “We have similar ideas on a number of projects covering areas such as the marine environment, in addition to mutual concerns over matters like climate change and desertification.”

On the kingdom’s tree-planting drive that envisages planting some 10 billion trees in the coming decade as part of efforts to reduce carbon emissions, the minister said such initiatives were a “source of pride.”

Major oil-producing nations have a pivotal role to play towards curbing climate-warming gases, subsequently ensuring a “clean environment,” added the minister.

Earlier on Saturday, Minister Fares said that Kuwait would support Saudi Arabia and the GCC as a partner in the efforts to transition to more environment-friendly energy resources. In his participation at a discussion over sustainable economic growth on the sideline of the Saudi Green Initiative Forum, Minister Fares affirmed that it was important to implement efforts for energy transition.

He said that it was important for GCC countries to strike a balance in seeking renewable energy resources in addition to benefiting from regular resources such as oil and natural gas.

The Saudi Green Initiative (SGI) will work on combating and curbing climate change, Director General of Kuwait’s Public Authority for Environment and Chairman of Board of Directors Sheikh Abdullah Al-Ahmad Al-Humoud Al-Sabah said on Saturday. Speaking to the press on the sidelines of the SGI Forum, Sheikh Abdullah said “we saw a big project launched today to increase trees in the region, and other projects seeking to reduce carbon emissions and use environment friendly energy.”

Saudi Green Initiative Kuwait 2021Kuwait Saudi business ties



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