Siemens Energy Saudi Arabia Managing Director Urges Increased Investment in Arab Power Networks

Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia (Asharq Al-Awsat)
Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia (Asharq Al-Awsat)
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Siemens Energy Saudi Arabia Managing Director Urges Increased Investment in Arab Power Networks

Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia (Asharq Al-Awsat)
Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia (Asharq Al-Awsat)

Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia, is urging Arab countries to boost investments in power plants to better handle future challenges.
Speaking to Asharq Al-Awsat, Sulaimani addressed worries about increased load shedding during this summer and its economic effects.
“We need to invest more to ensure our networks can efficiently and reliably deliver electricity now and in the future,” he said.
Many Arab nations are struggling with frequent power outages due to high summer demand. Countries like Kuwait, Egypt, Iraq, Yemen, Sudan, Lebanon, and Syria are facing serious crises. Recently, Egypt improved its situation by securing fuel for its power stations.
Sulaimani stressed the need for strategic partnerships among Arab nations.
“These partnerships are essential for better resource management and finding joint solutions. We need reforms, investment in technology, and regional cooperation to tackle these challenges,” he explained.
In Yemen, outages can last up to 12 hours daily; Iraq sees up to 10 hours, while Sudan experiences between 10 to 14 hours. In Lebanon, outages range from 12 to 20 hours, and Syria faces 10 to 20 hours.
Kuwait experiences 2 to 3 hours, while Egypt had outages of up to 3 hours before resolving its issues.
Sulaimani emphasized the importance of updating infrastructure.
“Modern power plants are much more efficient, reducing fuel use and emissions while minimizing downtime. Embracing smart technologies allows energy systems to work better together, improving efficiency and stability,” he noted.
Sulaimani warns that as Arab countries expand their energy systems to include wind, solar, hydroelectric, and nuclear sources, they will face new challenges.
Many Arab nations have ambitious plans for secure energy supplies, but short-term issues—like securing fuel for power stations and updating old infrastructure—can hinder progress.
Despite these challenges, the long-term strategy for many countries focuses on boosting renewable energy production in their overall energy mix.



IMF Says Ready to Support Syria Reconstruction when Conditions Allow

A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
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IMF Says Ready to Support Syria Reconstruction when Conditions Allow

A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra
A drone view shows al-Yarmouk Palestinian refugee camp, after Syria's Bashar al-Assad was ousted, in Damascus, Syria, December 19, 2024. REUTERS/Zohra Bensemra

The International Monetary Fund stands ready to assist Syria's reconstruction alongside the international community, but the situation on the ground remains fluid, IMF spokesperson Julie Kozack said on Thursday.
Kozack told a regular press briefing that the IMF has had no meaningful contact with Syrian authorities since an economic consultation in 2009, Reuters reported.
"It's too early to make an economic assessment. We are closely monitoring the situation, and we stand ready to support the international community's efforts to assist serious reconstruction as needed and when conditions allow," Kozack said.
Less than two weeks after Syrian opposition fighters toppled Bashar al-Assad's regime and seized control of the capital Damascus, Kozack said that the emerging Syrian authorities face many difficulties after 13 years of civil war.
"The Syrian people have suffered for far too long. We hope that the country can now begin to address its deep humanitarian, social and economic challenges, and to begin the rehabilitation of the Syrian economy," Kozack said.

Kozack also said that the IMF Executive Board will meet on Friday to consider approval of a $1.1 billion disbursement to Ukraine from the IMF's $15.6 billion loan program to the war torn country.

The disbursement, part of the sixth review of the four-year Ukraine loan, would bring total program disbursements to $9.8 billion, with about $2.7 billion available for 2025, Kozack added.