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Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

The pavilion is part of the "Invest Saudi" program. SPA
The pavilion is part of the "Invest Saudi" program. SPA
    Asharq A-Awsat
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Industry and Mineral Resources Minister Inaugurates Saudi Pavilion at IMARC in Sydney

The pavilion is part of the "Invest Saudi" program. SPA
The pavilion is part of the "Invest Saudi" program. SPA

Minister of Industry and Mineral Resources Bandar Al-Khorayef has opened the Saudi Pavilion at the International Mining and Resources Conference (IMARC) held in Sydney, Australia between November 2 and 4 .

The pavilion is part of the "Invest Saudi" program with the participation of the Ministry of Industry and Mineral Resources, the Ministry of Investment, the National Industrial Development and Logistics Program (NIDLP), the Saudi Industrial Development Fund and the Industrial Center.

Saudi Arabia’s participation in IMARC highlights its continued efforts to improve the performance of the mining sector by facilitating access to geological data. It also sheds light on the most recent changes to the laws and legislation aiming to create an investment environment, lay foundations for sustainability and develop a mining sector that is based on integrated value chains in line with the Kingdom's Vision 2030.

It emphasizes the Kingdom's engagement as the country boasts a strategic location connecting the Middle East, Asia, Africa, and Europe. It also has sophisticated infrastructure and high domestic demand.

The Kingdom has all of the necessary capabilities to become a regional mining hub in order to meet its Vision 2030 objectives and attract quality investments in the mining sector.

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Syria to Receive Electricity-generating Ships from Qatar, Türkiye

FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
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Syria to Receive Electricity-generating Ships from Qatar, Türkiye

FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo

Syria will receive two electricity-generating ships from Türkiye and Qatar to boost energy supplies hit by damage to infrastructure during President Bashar al-Assad's rule, state news agency SANA quoted an official as saying on Tuesday.
Khaled Abu Dai, director general of the General Establishment for Electricity Transmission and Distribution, told SANA the ships would provide a total of 800 megawatts of electricity but did not say over what period.
"The extent of damage to the generation and transformation stations and electrical connection lines during the period of the former regime is very large, we are seeking to rehabilitate (them) in order to transmit energy,” Abu Dai said.
According to Reuters, he did not say when Syria would receive the two ships.
The United States on Monday issued a sanctions exemption for transactions with governing institutions in Syria for six months after the end of Assad's rule to try to increase the flow of humanitarian assistance.
The exemption allows some energy transactions and personal remittances to Syria until July 7. The action did not remove any sanctions.
Syria suffers from severe power shortages, with state-supplied electricity available just two or three hours a day in most areas. The caretaker government says it aims within two months to provide electricity up to eight hours a day.