Kuwait, Saudi ink power grid cooperation deal

RIYADH, Oct 12: Saudi Arabia and Kuwait’s ministries of electricity and energy signed on Sunday a memorandum of understanding (MoU) in Riyadh to strengthen bilateral relations for a broader partnership between the two sisterly countries. The MoU was signed by Kuwait’s Minister of Electricity, Water and Renewable Energy Subaih al-Mukhaizeem and Saudi Minister of Energy Prince Abdulaziz bin Salman. In a press statement, Al-Mukhaizeem said that the signing of this memo embodies the deep-rooted relations between the two sides and boosts a new phase of cooperation to support mutual interests and priorities of development of the two sisterly countries. The MoU is a key step towards building qualitative partnerships which combine the capabilities and expertiseof the two countries as well as open horizons of developing modern techniques, he added. “We look forward to translating this cooperation into practical mutual programs and initiatives to develop national capabilities and localize knowledge and technologies,” he said. Cooperation in research, innovation, and digital transformation forms an important cornerstone for modernizing infrastructure, enhancing operational efficiency, and preparing national talents for active participation, he pointed out. (KUNA)