The Kingdom has an ambitious vision to enhance its leadership in the global energy sector

Global transformations

A specialist in energy and renewable energy affairs said M. Abdul Rahman bin Saleh Al -Shraideh for “Today”, that the new policies pursued by the United States, especially with regard to expanding shale oil production and reducing their dependence on energy imports, may lead to major changes in the global oil scene.
He explained that these transformations may affect prices and increase the intensity of competition between the producing countries, but the Kingdom has the tools necessary to deal with these challenges through their flexible and innovative strategies.
M. Abdul Rahman, that the Kingdom has invested about 94 billion Saudi riyals in the energy sector development projects, which reflects its commitment to promoting production and achieving economic sustainability.

M. Abdul Rahman Al -Shraideh

He added that the Kingdom adopted a clear approach to the localization of the industry in this sector, as 116 local components were identified within wide localization plans, which opens investment opportunities estimated at about 250 billion Saudi riyals.
He explained that the Kingdom is aware of the importance of adopting effective strategies to maintain its share in the oil market, especially with increasing American production and increasing global competition.
He said that the use of modern technologies in oil extraction operations enhances production efficiency and reduces costs, which gives the Kingdom a competitive advantage in global markets.

Kingdom and renewable energy

With regard to renewable energy, M. confirmed. Abdul Rahman said that the Kingdom is taking great steps in green energy and hydrogen projects, which reflects its commitment to economic diversification and reducing dependence on traditional oil.
He added that the Kingdom’s 2030 vision places renewable energy as one of the main axes to achieve sustainability, as the Kingdom is working to develop huge projects to enhance the use of clean energy sources, such as solar energy and wind energy.
In the context of the impact of changes in American policies on energy security in the Gulf region, M. Abdul Rahman indicates that the Kingdom may need to enhance cooperation with other productive countries to ensure the stability of the markets. He also explained that strengthening partnerships with major countries such as China and the European Union will secure energy flows and sustaining them in the long run.
M. stressed. Abdul Rahman is the importance of strengthening energy security strategies through cooperation with new partners, noting that Saudi Arabia has the capabilities and capabilities that qualify it to develop ambitious strategies that ensure market stability and provide energy with high efficiency.

He explained that the Kingdom continues its commitment to its climatic pledges, as it works to achieve a balance between its economic ambitions and its environmental obligations.
He pointed out that American policies may affect some environmental aspects, but the Kingdom continues to support clean energy projects locally and globally, which enhances its position as a global power in the field of renewable energy.

Saudi investments

At the local level, M. Abdul Rahman indicates that the Kingdom is invested greatly in energy infrastructure, expecting the traditional generation capacity to reach 110 GB by 2030.
He added that the Kingdom adopted a comprehensive approach to supporting the Emiratisation in the energy sector, as it works to develop the local workforce and provide an integrated infrastructure that supports this goal.

Regarding future partnerships, M. said. Abdul Rahman The challenges imposed by American policies also open new prospects for enhancing joint investments between the Kingdom and the United States in the fields of renewable energy.
He explained that cooperation in green hydrogen technologies and solar energy will have a pivotal role in achieving mutual benefit for both parties, through the exchange of knowledge and modern technologies to expand the use of clean energy in the future.
He stressed that the opportunities available not only in transformations in energy policies, but also include strengthening international alliances. He pointed out that the Kingdom has the ability to expand its partnerships with other countries to enhance the stability of global energy markets.

Keeping pace with global transformations

He said that coordination with countries such as China and Russia in the fields of renewable energy will be essential to enhance the sustainability of these markets and provide new energy alternatives that support the global economy.

M. stressed. Abdul Rahman bin Saleh Al -Shraideh that the Kingdom of Saudi Arabia has a strong strategic location that enables it to keep pace with global transformations in the energy sector.
He explained that the large investments the Kingdom in traditional and renewable energy enhances its ability to adapt to challenges and benefit from new opportunities.
He added that the flexibility that the Kingdom has shown in dealing with global fluctuations, as well as its interest in developing innovative energy solutions, makes it at the forefront of the leading countries in the energy sector.
He stressed that the future holds many opportunities that will contribute to strengthening Saudi Arabia as a global power force, whether in the areas of traditional oil or renewable energy, which establishes its role in the economic and global economic scene.