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Saudi Arabia + Italy mull cooperation in several sectors: KSA’s Industry and Mineral Resources Minister Bandar Al Khorayef met with Italy’s Environment and Energy Security Minister Gilberto Fratin in Rome, where they discussed enhancing cooperation in mining, sustainability solutions, renewables and clean energy, according to a post on X. Fratin was also invited to attend the International Mining Conference set to take place in Riyadh early next year.
The pitch: Al Khorayef highlighted the Kingdom’s untapped mineral wealth, estimated at around USD 2.5 tn. He noted that the Kingdom offers investors access to 80 years of geological data through a digital platform, enabling them to make well-informed decisions when entering the minerals market.
Meeting private sector players: Al Khorayef met with Italian and global companies to explore the localization of EV manufacturing, and also to enhance cooperation in the aviation and shipbuilding industries. He held talks with officials from Swiss EV company Piëch, Saudi-based holding company Nimr, Italy-based shipbuilding company Fincantieri, and Italy-based tech player AlmavivA, according to another post on X.
Egypt + Djibouti sign agreement to build solar power plant: Egypt’s Ministry of Electricity and Renewable Energy has signed a deal with Djibouti’s Ministry of Energy and Natural Resources to supply and install a 276.5 KW solar PV station, according to a statement. Egypt’s Ministry of Electricity and Renewable Energy aims to enhance cooperation, leverage Egyptian expertise in renewable energy, and expand training programs tailored to Djibouti’s needs.
