Saudi Arabia Takes Rapid Steps to Export Solar Panels Worldwide

Saudi Arabia expands efforts to adopt the uses of solar energy (Asharq Al-Awsat)
Saudi Arabia expands efforts to adopt the uses of solar energy (Asharq Al-Awsat)
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Saudi Arabia Takes Rapid Steps to Export Solar Panels Worldwide

Saudi Arabia expands efforts to adopt the uses of solar energy (Asharq Al-Awsat)
Saudi Arabia expands efforts to adopt the uses of solar energy (Asharq Al-Awsat)

Desert Technologies’ Chief Commercial Officer Majid Refae confirmed that Saudi Arabia is offering several programs that support Saudi manufacturers and facilitate the export of solar panels to all countries of the world.

In an interview with Asharq Al-Awsat, Refae revealed that the Kingdom has set its priorities for green energy generation and is driving the sector’s companies and institutions towards achieving key goals while expanding and developing their businesses in the next stage.
On exporting solar panels, Refae said it was vital as it helps in increasing and creating more job opportunities in the Kingdom and contributes to growing Saudi Arabia’s GDP.

He reminded that the export of national products is one of the most important axes of Saudi Arabia’s national transformation plan, Kingdom Vision 2030.

In coordination with the Saudi Energy Ministry, Desert Technologies has plans to provide the needs of the Kingdom's market. This includes building solar power plants with capacities greater than 2 megawatts for citizens and major consumers inside their facilities and homes.
Any surplus would be exported to the public electricity network in 2022.

Exporting Solar Panels

The Kingdom has taken great strides in exporting solar panels through several programs that support Saudi manufacturers, such as the Saudi Export-Import Bank, the Saudi Development Fund, the National Companies Leadership Program.

“We, as a specialized company, have had the privilege of cooperating with the National Companies Leadership Program and the Import-Export Bank in signing agreements to export solar panels to Europe, Africa and the US,” Refae told Asharq Al-Awsat.

Positive Returns

Besides generating more job opportunities for the Kingdom’s youth, exporting solar panels also contributes to growing Saudi Arabia’s GDP by focusing on export activity, which is one of the main objectives of Kingdom Vision 2030.

Moreover, the manufacture and export of solar panels helps advance the Saudi Green Initiative which brings together environmental protection, energy transformation and sustainability programs to work towards a green future.

Desert Technologies, the first Saudi factory and company to export solar panels, has been keen on being one of the main contributors to renewable energy projects, stressed Refae.

The company has developed a production line to manufacture solar panels with an accumulated capacity. This will contribute to making Desert Technologies one of the most important national factories for solar panels in the region.

Energy Ministry

“Our plan is compatible with the Energy Ministry and works to provide the Kingdom’s market needs of solar energy products,” said Refae, noting that the Saudi market is one of the largest Arab markets in need of solar products.

“The residential sector in the Kingdom constitutes more than 50% of the market size,” noted Refae, adding that the demand is increasing with the rise of new cities such as Neom.

“We are working to contribute to the realization of plans aimed at expanding the use of solar energy at the commercial and residential levels,” affirmed Refae.

Saudi Made

Refae pointed out that the “Saudi Made” program is a milestone for all Saudi manufacturers, as it reflects the ability of the Saudi product to compete with high quality.

“Saudi Made” builds a cooperative society linking several companies, whereby adequate support is provided to the public and private sectors. It also contributes to making the Kingdom's goods and services a preferred and prominent option at the local and global levels.

Exporting Outside the Kingdom

On foreign projects, Refae added that Desert Technologies had expanded its participation in the framework of supporting the “Saudi Made” program and increasing the volume of Saudi non-oil exports.

Its activities reached Greece, where it is currently supplying solar panels for renewable energy projects on one of the Greek islands with a capacity of 11 megawatts.

“The company has signed a commercial agreement with a US company to export solar panels to its projects in the US,” revealed Refae.

The deal puts Desert Technologies in a leading position in the US market and enhances its position in the field of producing and exporting solar panels at the international level.



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.