Saudi Arabia's SWCC and Brazil’s WEG to Collaborate in Electrical Engineering, Energy, and Automation

Saudi Minister of Investment Eng. Khalid Al-Falih meets with a Brazilian ministers in São Paulo, Brazil. Asharq Al-Awsat
Saudi Minister of Investment Eng. Khalid Al-Falih meets with a Brazilian ministers in São Paulo, Brazil. Asharq Al-Awsat
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Saudi Arabia's SWCC and Brazil’s WEG to Collaborate in Electrical Engineering, Energy, and Automation

Saudi Minister of Investment Eng. Khalid Al-Falih meets with a Brazilian ministers in São Paulo, Brazil. Asharq Al-Awsat
Saudi Minister of Investment Eng. Khalid Al-Falih meets with a Brazilian ministers in São Paulo, Brazil. Asharq Al-Awsat

Saline Water Conversion Corporation (SWCC) has signed a memorandum of understanding (MoU) with the Brazilian company WEG, which is specialized in electrical engineering, energy, and automation.

The MoU aims to strengthen strategic cooperation and promote collaboration between the two entities by actively exchanging expertise, studies, research, innovations, and engineering applications in water desalination and its technologies.

The MoU provides opportunities for localization and content enrichment in electrical engineering.
It also focuses on developing and enhancing the efficiency of various electrical systems, such as motors and variable frequency devices.

Moreover, it targets improving the performance of standard low-voltage motors and innovating high-efficiency electrical systems to reduce energy consumption, aligning with the latest models to promote sustainable energy efficiency.

The MoU was signed during the Brazilian-Saudi Investment Forum that was organized by the Saudi Ministry of Investment and witnessed the presence of the Brazilian Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, alongside Saudi Minister of Investment Eng. Khalid Al-Falih.

The Forum saw the presence of various prominent figures and the active participation of several government officials, CEOs of major companies, and representatives from the private sectors of both countries.



Saudi Industry Minister Discusses Mining Investments with Spanish Energy Minister

The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
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Saudi Industry Minister Discusses Mining Investments with Spanish Energy Minister

The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)
The Saudi and Spanish delegations meet in Madrid on Saturday. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Madrid on Saturday with Spanish Minister of State for Energy Sara Aagesen Muñoz on boosting mining cooperation and attracting Spanish mining companies to invest in promising opportunities in the Kingdom.

Alkhorayef emphasized the strong relations between Riyadh and Madrid, describing Spain as a key partner.

This partnership is reflected in the robust economic and trade ties between the two countries, expressing optimism about further developing cooperation in the industrial and mining sectors, he remarked.

Alkhorayef highlighted the Kingdom’s Vision 2030, which seeks to diversify the economy and boost non-oil exports by focusing on key sectors such as industry, mining, energy, and logistics.

He stressed the vital role of the private sector in this transformation and underscored the Kingdom's openness to foreign investments in these emerging economic sectors.

On Saudi Arabia’s comprehensive mining strategy, Alkhorayef outlined several initiatives aimed at transforming the mining sector into a significant pillar of the Kingdom's economy.

He underlined the attractive investment opportunities available to international companies, inviting Spanish mining firms to capitalize on the Kingdom’s potential in this promising field.

The meeting was attended by Saudi Ambassador to Spain Princess Haifa bint Abdulaziz bin Ayyaf Al Muqrin.