Kuwait and Saudi Arabia Sign MoU on Electricity and Renewable Energy

- The scope includes power interconnection, energy storage, smart grids, artificial intelligence, and cybersecurity.

Kuwait and Saudi Arabia have signed a memorandum of understanding (MoU) for cooperation in the fields of electricity and renewable energy, thereby strengthening bilateral relations and opening broader horizons for partnership between the two fraternal countries.

The Ministry of Electricity, Water and Renewable Energy stated in a press release that the MoU was signed on the Kuwaiti side by Dr. Subaih Abdulaziz Al-Muhezaim, Minister of Electricity, Water and Renewable Energy, while the Saudi side was represented by Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy and Minister of Industry and Mineral Resources.

Al-Muhezaim emphasized that the MoU reflects the depth of fraternal relations between Kuwait and Saudi Arabia and ushers in a new phase of bilateral cooperation that serves the common interests and developmental priorities of both countries.

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He stated that the MoU represents an important step toward building strategic partnerships that combine the capabilities and expertise of both countries, paving the way for the development of modern technologies, enhancing the efficiency of energy systems, and strengthening their sustainability. He added that efforts are underway to translate cooperation into practical programs and joint initiatives that contribute to developing national capacities, localizing knowledge and technologies, and supporting energy security.

He further noted that areas of cooperation include renewable energy, power interconnection, energy storage, and smart grids, enabling the exchange of expertise and the development of solutions that respond to rapid transformations in the energy sector. Cooperation also extends to research and innovation, digital transformation, infrastructure modernization, enhancing operational efficiency, and developing national human capital.

Al-Muhezaim expressed his appreciation to Prince Abdulaziz bin Salman and to the joint efforts that contributed to preparing the MoU, reaffirming Kuwait’s commitment to continuing coordination with the Saudi side to activate areas of cooperation and achieve tangible results that benefit both countries.

The MoU establishes a framework for cooperation in developing electricity systems, expanding renewable energy, enhancing power interconnection, and exporting electricity, with a focus on energy efficiency, storage technologies, and smart grids. It also aims to develop supporting infrastructure for electricity supply, enhance its reliability and sustainability, and open avenues for partnership between specialized companies in both countries.

The MoU also covers solutions and technologies related to mitigating the effects of climate change, including applications of the carbon circular economy. It involves leveraging digital transformation, artificial intelligence, and innovation, while strengthening cybersecurity in the energy sectors. Additionally, it seeks to develop strategic partnerships for localizing materials, products, and services, and to develop related supply chains and technologies.

The MoU further includes the exchange of expertise and information, implementation of training programs and specialized visits, organization of conferences, seminars, and workshops, and conducting joint research with universities and research centers, thereby supporting knowledge transfer and capacity building for both sides.