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Saudi Arabia, India Sign Digital Economy Deal

SPA
SPA
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TT

Saudi Arabia, India Sign Digital Economy Deal

SPA
SPA

The Ministry of Communications and Information Technology signed a cooperation agreement on digitization and electronic manufacturing with the Republic of India.
The agreement was signed by Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha and Indian Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw, SPA reported.
The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning, and to strengthen the two countries’ partnership in digital research and innovation and the use of emerging technologies.
Through the agreement, the Kingdom of Saudi Arabia looks forward to bolstering its role as a regional hub for technology and innovation and an attractive destination for investment.
The agreement aims at building robust strategic partnerships that promote innovation and the growth of the digital economy and support the Kingdom's aspirations in this regard.
These efforts contribute to achieving Saudi Arabia’s Vision 2030.

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World Bank in Talks to Help Finance $28 bln Turkish Energy Upgrade

Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
TT
TT

World Bank in Talks to Help Finance $28 bln Turkish Energy Upgrade

Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights

The World Bank is in talks with Türkiye to help finance an upgrade to the country's energy transmission system expected to cost about $28 billion, the World Bank country director for Türkiye told the state-run Anadolu Agency.

Humberto Lopez was quoted on Saturday as saying the World Bank was in talks with Turkish ministry of energy about the matter.

Reuters reported last month that the World Bank was talking to Ankara about increasing financing beyond the $35 billion it has already provided through 2028.

Türkiye and the World Bank also signed last month a $1.9 billion financing deal for four projects focusing on renewable energy, flood management, climate change adaptation and mitigation, and support for the export sector.