Saudi Arabia and Singapore have signed a roadmap to strengthen the energy cooperation between the two countries.
With this, both the nations will focus on renewable energy, low-carbon solutions and technologies, clean hydrogen, carbon extraction, as well as its use and storage.
The road map was signed by Saudi Arabia’s Energy Minister Prince Abdulaziz Bin Salman and Singapore’s Minister for Manpower Dr. Tan See Leng.
As per the statement, the energy cooperation road map, which was signed within the framework of the Memorandum of Understanding signed between the two countries in 2021, aims to enhance cooperation between the two countries in a number of fields.
The cooperation would also focus on rationalizing its consumption, and innovation in carbon removal.
The two sides agreed to conduct the road map through several work paths, which includes policy exchange in the fields covered by the road map, and policies related to standards, accreditations and regulatory frameworks.
The nations would also focus on facilitating commercial cooperation, as well as joint research and development, especially in the field of new technologies, building human capabilities through training, and information exchange.
It may be noted that Singapore and Saudi Arabia have been fostering closer cooperation in areas related to renewable energy and the green economy. Both countries support the sustainable practices and are keen on enhancing their ties in these crucial domains.
Furthermore, Saudi Arabia’s Vision 2030 initiative aims to combat climate change, improve quality of life, and protect the environment for future generations through its ambitious Saudi Green Initiative (SGI).
