Saudi Energy Ministry Underlines Joint Cooperation with NEOM

Saudi Energy Minister Prince Abdulaziz bin Salman. (SPA)
Saudi Energy Minister Prince Abdulaziz bin Salman. (SPA)
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Saudi Energy Ministry Underlines Joint Cooperation with NEOM

Saudi Energy Minister Prince Abdulaziz bin Salman. (SPA)
Saudi Energy Minister Prince Abdulaziz bin Salman. (SPA)

Saudi Energy Minister Prince Abdulaziz bin Salman revealed Saturday that efforts are continuing to be poured into cooperation with NEOM to achieve national aspirations.

“We in the energy system support cooperation with the NEOM company, and we are keen to work for this cooperation to be an essential element in the success of the NEOM project and achieve its goals, which are, in the end, an integral part of the comprehensive national development goals,” he said at the opening of a joint workshop with NEOM.

The minister stressed his confidence that the goals of both the Energy Ministry and NEOM are identical.

The Ministry, with its experience, will work to support NEOM, which is one of the most prominent projects of the Kingdom's Vision 2030.

NEOM is particularly ambitious when it comes to the energy sector. Among its projects is establishing a mix of solar and wind energy power plants that place NEOM on the map of sustainable energy.

NEOM CEO Nadhmi Al-Nasr said the Energy Ministry and its technical apparatus are a main pillar in achieving NEOM's ambition to be the first destination in the world that depends entirely on renewable energy, and to be one of the leading exporters of clean energy worldwide.



Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year, the General Authority for Statistics (GASTAT) announced Thursday.

In its flash estimates of the real GDP growth rate for Q3 of 2024, published on its official website, GASTAT said that oil activities grew by 0.3% in Q3 2024 compared to the same period of last year, while non-oil activities saw a positive growth of 4.2%.

Government activities also recorded a positive growth rate of 3.1% compared to the same quarter of last year.

The figures further indicated that seasonally adjusted real GDP for Q3 2024 rose by 0.8% compared to Q2 2024.