The Saudi newspaper, Al-Eqtisadiah, confirmed that the electrical interconnection project signed by the Kingdom of Saudi Arabia with Egypt constitutes an essential pivotal dimension from several parties and parties, noting that it comes within a series of economic agreements and memoranda of understanding signed between Riyadh and Cairo during the last period, especially a memorandum The understanding that took place in this regard in the presence of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and Crown Prince Mohammed bin Salman, is a clear indication of the importance that the leaderships in both Riyadh and Cairo attach to this vital and developmental project.
The newspaper stated – in its editorial today entitled (Riyadh and Cairo.. Strategic Connection) – that this project is at the heart of the plans and projects of the Kingdom’s Vision 2030, in addition to being a strong nucleus for a joint Arab link, within the development paths in this entire region, and of course supports development trends. in both countries.
The newspaper considered the electrical interconnection project between Saudi Arabia and Egypt, another new breakthrough towards prospects that simulate strategic regional relations, as well as the development paths referred to, and one of the most important advantages of the aforementioned electrical interconnection project is that it represents a strong link between the two largest electrical networks in the entire region and one of the largest The economies in the Middle East region, and “according to those directly responsible for it” will be reflected in the stability and increase in the reliability of the electrical supply between the two countries, in addition to the economic and development returns, for the exchange of 3,000 megawatts of electricity, according to the two parties’ needs for electrical services.
In terms of the sustainability of electrical supplies and ensuring their flow, the newspaper explained that the project is also a safety valve for the two networks to confront the nature of the instability of renewable energy of all kinds. At a later stage, to include the entire region, and to establish similar projects in this sector, in line also with the objectives of the “Kingdom’s Vision”.
She pointed out that Saudi Arabia possesses the largest developed electrical network in the Arab region and the Middle East, which qualifies it to be a regional center for the exchange of electricity energy through interconnection projects with the countries of the region, which will inevitably contribute to strengthening the regional market for electricity trade with the need to note that Saudi Arabia is moving forward. In accelerating its projects aimed at producing electric power from clean sources, by adopting, within its strategy, the green path of its economy and the economy of the entire region.
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Newspaper article: The electrical interconnection project between Egypt and Saudi Arabia is a strong nucleus for a joint Arab link that was written in Al Borsa newspaper.