Saudi Arabia, Egypt Sign Agreement on Maritime Connectivity at Global Logistics Forum

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
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Saudi Arabia, Egypt Sign Agreement on Maritime Connectivity at Global Logistics Forum

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)
Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh. (SPA)

Saudi Arabia and Egypt signed on Monday a memorandum of understanding on maritime connectivity.

Saudi Minister of Transport and Logistic Services and Chairman of the Board of Directors of the Transport General Authority Saleh Al-Jasser and Egypt’s Minister of Transport and Industry Lieutenant General Kamel Al-Wazir signed the MoU on the sidelines of the first edition of the Global Logistics Forum in Riyadh.

The forum is being held from October 12 to 14 under the slogan "Reshaping the Global Map of Logistics".

The MoU will boost cooperation and joint work in maritime connectivity for passenger transport. It stipulates exchange of expertise to qualify specialized cadres in emerging fields, develop the quality and efficiency of maritime transport services, and improve the experience of their beneficiaries.

The areas of cooperation include yacht and marine passenger ship transport activities, as well as passenger ferries.

Attending the forum were ministers and senior officials, leaders of international organizations and industrial unions, as well as experts, academics and analysts.

With 130 speakers and 80 exhibitors representing 30 countries, the forum showcases a wide range of perspectives and expertise.



Siemens Energy Secures Power Plant Project in Saudi Arabia

Officials from Siemens Energy and Harbin Electric International during the signing of the agreements to provide technology for the two gas-fired power plants in Saudi Arabia. Photo: Siemens Energy
Officials from Siemens Energy and Harbin Electric International during the signing of the agreements to provide technology for the two gas-fired power plants in Saudi Arabia. Photo: Siemens Energy
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Siemens Energy Secures Power Plant Project in Saudi Arabia

Officials from Siemens Energy and Harbin Electric International during the signing of the agreements to provide technology for the two gas-fired power plants in Saudi Arabia. Photo: Siemens Energy
Officials from Siemens Energy and Harbin Electric International during the signing of the agreements to provide technology for the two gas-fired power plants in Saudi Arabia. Photo: Siemens Energy

Siemens Energy has been awarded a $1.6-billion project to provide technology for two gas-fired power plants in Saudi Arabia, the German company said on Wednesday.

The project will allow Rumah 2 and Nairyah 2 in the country's western and central regions to add 3.6 gigawatts of power to the national grid, Siemens Energy said in a statement.

The project, with Harbin Electric International as a contractor, includes long-term maintenance agreements to support the plants' operational reliability over the next 25 years, it added.

Rumah 2 and Nairyah 2 will rank among the world's largest combined-cycle power plants. They will replace aging oil-fired stations, reducing carbon dioxide emissions by up to 60 percent compared to traditional oil-based power generation.

Additionally, the plants are being designed to be compatible with advanced carbon dioxide capture and storage technologies, supporting Saudi Arabia's long-term emissions reduction goals.