Saudi Authorities Discuss Plans to Implement Liquid Displacement Program

Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
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Saudi Authorities Discuss Plans to Implement Liquid Displacement Program

Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.
Saudi authorities are discussing plans and efforts to displace liquid fuels and replace them with the electric grid.

Saudi authorities are discussing plans and endeavors to displace liquid fuels and replace them with the electric grid, in a step that aims to achieve sustainable development according to Vision 2030.

These plans were put forward during a workshop organized by the Ministry of Agriculture.

Mohammad Abdel-Latif, head of the program’s agricultural team, explained that several tracks were set for different sectors, with the aim to reduce liquid fuel consumption by 95 percent by 2030.

He noted that the program sought to replace alternative energy sources through the connection with the electricity grid, in addition to enhancing operational capacity and reducing external factors affecting the sustainability of the environmental sectors.

Abdel-Latif also stated that the Ministry of Environment, Water and Agriculture was working to achieve integration by connecting farms to the electrical network, and reduce the use of liquid fuels, within its endeavor to achieve the sustainability of the sector and enhance local production.

He explained that the program provides soft loans that allow farmers to implement the necessary internal adjustments.

According to the ministry, the program will be implemented in three phases. The first consists of obtaining data from farms on fuel consumption in order to estimate the electrical load. The second phase includes planning the delivery of the service and determining the timeframe for the implementation of the changes required by the displacement program, while the third involves the connection to the electrical grid.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.