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Saudi Arabia Will Invest $270Bn To Boost Clean Energy Sector

Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud, says the country wants to be the leading exporter of hydrogen.



saudi arabia will invest $270 billion to boost clean energy sector

Although being well-known as one of the world’s largest oil producers and exporters, Saudi Arabia is making a huge commitment to developing a low-carbon energy sector, planning to boost its renewable energy percentage to 50%, and swapping any remaining oil use for natural gas. As part of the plan, the Saudi energy minister recently announced that the country will inject $270 billion into various low-carbon projects before 2030 to boost the clean energy sector.

“We are determined to be the leading exporter of hydrogen, as well as to provide clean hydrogen for local uses in heavy industries to produce green products such as green steel, green aluminum, fertilizers, and others at competitive prices,” says Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud.

Also Read: Dubai Unveils Plans For Climate-Controlled Cycling Highway

Bin Salman’s comments came while attending the in-Kingdom Total Value Add Forum and Exhibition. The announcement reinforces the kingdom’s commitments at COP27, with Saudi Arabia aiming to be an electricity exporter and expanding its transmission and distribution network.

As part of the greater Saudi Green Initiative, emissions across the region will drop by more than 270 million tons of carbon dioxide while employing a circular carbon economy approach.


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NEOM Airlines Is Saudi Arabia’s New, Tech-Centric Carrier

The airline will embrace advanced technologies such as artificial intelligence, and utilize high-tech propulsion systems by 2026.



neom airlines is saudi arabia's new tech-centric carrier

Opening in 2025, NEOM is a $500 billion Saudi Arabian smart city that will be powered entirely by renewable energy. Now, Saudi authorities have announced that the futuristic metropolis will also be served by its own dedicated carrier — NEOM Airlines.

neom international airport

The service will begin operating in 2024 and embrace advanced technologies, including artificial intelligence and biometric check in. Aircraft will fly to and from NEOM Bay before moving to the soon-to-be-built NEOM International Airport.

Also Read: ChatGPT Is Accelerating The AI Revolution In The Middle East

NEOM Airlines will focus on tourist, commercial, and residential travel and incorporate plenty of cutting-edge technology. Klaus Goersch, the airline’s CEO, revealed that existing aircraft will be retrofitted with existing technology on launch, but by 2026, an ultra-modern fleet will be in operation, “whether electric, hydrogen-powered, or supersonic”.

As well as modern, low-emissions power airplanes, NEOM aircraft will also be fitted with sleek, modern interiors, 6G Wi-Fi, large screens for every seat, plus gaming and chat technology.

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