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Oslo, Riyadh Look to Boost Trade, Cooperation in Green Energy, Aquaculture Fields

Norwegian Ambassador to Saudi Arabia Thomas Lid Ball (Asharq Al-Awsat)
Norwegian Ambassador to Saudi Arabia Thomas Lid Ball (Asharq Al-Awsat)
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Oslo, Riyadh Look to Boost Trade, Cooperation in Green Energy, Aquaculture Fields

Norwegian Ambassador to Saudi Arabia Thomas Lid Ball (Asharq Al-Awsat)
Norwegian Ambassador to Saudi Arabia Thomas Lid Ball (Asharq Al-Awsat)

A Norwegian diplomat revealed that his country is actively seeking to enhance economic cooperation with Saudi Arabia, particularly in the fields of green energy and aquaculture, amid ongoing efforts to increase trade and investment, highlighting the deep bilateral relations.

Thomas Lid Ball, Norway's ambassador in Riyadh, expected that the coming years would witness further advancements on all fronts.

Ball drew attention to the promising investment opportunities presented by Saudi Arabia’s Vision 2030.

He also emphasized the strong desire of numerous Norwegian investors to operate in the Saudi market and take advantage of the vast opportunities it offers as one of the largest markets in the region.

Speaking to Asharq Al-Awsat, Ball anticipated an increase in activities and meetings between business sectors, as well as an exchange of visits by trade delegations.

This aims to explore investment opportunities in both Norway and Saudi Arabia, enhance trade and investment cooperation, and capitalize on the promising prospects available in various sectors for developing business partnerships.

Moreover, Ball highlighted Saudi Arabia’s economic advancements and its favorable investment environment, emphasizing the efforts to explore significant opportunities for economic cooperation between Norway and the Kingdom.

This extends beyond the oil and gas sectors to encompass healthcare, tourism, seafood industries, aquaculture, maritime industries, renewable energy, solar energy, and water sectors.

Ball reiterated his commitment to work towards achieving development and further enhancing bilateral trade relations.

He also anticipated the entry of new Norwegian companies into the Saudi market.

Ball stated that there are significant opportunities in the Kingdom that are currently undergoing a phase of transformation and development for sustainable growth. He emphasized the potential for expanding cooperation in various industries, including the seafood sector.

The diplomat clarified that Norway has made significant strides in the aquaculture industry, producing over half of the world’s farmed Atlantic salmon.

These salmon are exported to more than 100 countries, with total Norwegian salmon sales to Saudi Arabia reaching $27 million in 2019.

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Ukrainian Ambassador to Saudi Arabia: Our Top Priority is Energy Support

The 11th Saudi relief plane operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived in Poland in Friday ahead of heading to Ukraine. (SPA)
The 11th Saudi relief plane operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived in Poland in Friday ahead of heading to Ukraine. (SPA)
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Ukrainian Ambassador to Saudi Arabia: Our Top Priority is Energy Support

The 11th Saudi relief plane operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived in Poland in Friday ahead of heading to Ukraine. (SPA)
The 11th Saudi relief plane operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived in Poland in Friday ahead of heading to Ukraine. (SPA)

Ukrainian Ambassador to Saudi Arabia, Anatolii Petrenko, stressed that his country’s “top priority is energy support in multiple ways,” pointing to preparatory measures between Saudi Arabia and Ukraine concerning a Saudi aid package, most of which consists of energy equipment.
In an interview with Asharq Al-Awsat, Petrenko said that the Kingdom has been assisting Ukrainian civilians since the early days of the “full-scale Russian invasion,” as he described it. He said Saudi aid “has helped provide decent living conditions for our people, who have been forced by the war to relocate to safe areas within the country. It has also helped us maintain citizens' access to medical services and sustain social infrastructure.”
The ambassador emphasized the difficult period Ukraine is facing due to “energy shortages caused by regular Russian attacks on critical infrastructure,” which previously ensured daily needs for urban and municipal areas. He expressed concern about the approaching winter season and the severe drop in temperatures across the country.
Petrenko pointed to the need for energy resources, as well as access to light, water and heat, to enable the Ukrainian agricultural sector to continue contributing to global and regional food security.
He expressed his country’s firm belief in the importance of Saudi Arabia’s support to bring energy self-sufficiency in Ukraine, presently and in the long term.”
He added: “Through our united efforts, we can enhance the green energy agenda by smartly utilizing diverse renewable energy sources as key resources that can give us complete energy independence.”
The Ukrainian ambassador described the Saudi friendship as “an Arab generosity.” He noted that both Ukraine and the Kingdom were jointly studying “the latest innovations and sustainable technologies, such as combined heat and power plants and piston turbines, which could offset energy losses in various regions of Ukraine and thus prevent humanitarian crises in the winter season for hundreds of thousands of people.”
On the occasion of Ukraine’s Independence Day, Petrenko stated that his country “stands firmly to celebrate another anniversary of its independence, while appreciating the immense contributions and aid provided by international partners and friends, including Saudi Arabia, which holds a prominent position in leading humanitarian efforts in the region and encourages others to follow the same approach.”
“This represents a success story that will open a new chapter in energy resilience, which helps us achieve national independence,” he underlined.
The ambassador added that Ukraine highly values its bilateral relations with the Kingdom.
“On behalf of my country, I express my gratitude to Saudi Arabia, both the government and the people, for everything they are doing to alleviate the humanitarian challenges facing civilians today,” he told Asharq Al-Awsat.
Riyadh continues to send planes carrying tons of humanitarian aid to the Ukrainian people through the King Salman Humanitarian Aid and Relief Center (KSRELIEF).
This follows an agreement and memorandum of understanding signed by both sides last year, which included providing an additional humanitarian aid package to Ukraine amounting to $400 million, as well as emergency medical and shelter aid valued at $10 million for refugees from Ukraine to neighboring countries, particularly Poland, in coordination with the Polish government and UN organizations.