NEWS

Saudi Arabia wants to expand energy cooperation with Azerbaijan

DECEMBER 19, 2022

Saudi Arabia wants to further expand energy cooperation with Azerbaijan, the Investment Minister of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, said at the 7th session of the Azerbaijan-Saudi Arabia Joint Commission held in Baku, Report informs.

The Saudi minister added that there are opportunities for developing these relations: “I would like to thank the President of Azerbaijan, Ilham Aliyev, for his support in expanding relations between our countries. There are opportunities for cooperation between our countries in many fields, especially in energy.”

He noted that Acwa Power company has a contract to build a 240 MW wind energy park in Azerbaijan:

“We believe that other companies of Saudi Arabia have opportunities to cooperate with Azerbaijan. Today, Azerbaijan has a potential that can be measured not in megawatts, but in gigawatts.”

Khalid bin Abdulaziz Al-Falih also favors increasing tourist visits between the two countries: “The number of tourists coming to Azerbaijan from Saudi Arabia has increased by 30%. We are interested in the further increase of tourist trips between Baku and Jeddah in the future.”

https://report.az/en/energy/saudi-arabia-wants-to-expand-energy-cooperation-with-azerbaijan/