Arab News, Thu, May 09, 2024 | Dhu al-Qadah 1, 1445
Energy deals with Brazil, Japan, and Jordan signed off by Saudi Cabinet
Saudi Arabia:
Saudi Arabia has approved economic and energy deals with several
countries including Jordan, Brazil, and Japan, during its latest Cabinet
meeting.
An agreement between the central banks of the
Kingdom and Qatar focusing on cooperation in financing operations was also among
the deals endorsed.
The meeting also approved various agreements
between the Saudi government and other countries, including Oman, Georgia, and
Morocco.
The Council of Ministers discussed updates on the
Kingdom’s cooperation with various countries worldwide, focusing on efforts to
enhance bilateral and collective work across multiple fields.
Among them were agreements reached between the
Kingdom and both Uzbekistan and Azerbaijan in the field of energy.
These accords reflect a commitment to the
sustainability and stability of petroleum markets. They also aim to advance
cooperation in clean energy sectors, contributing to a globally organized energy
transition. Additionally, they seek to build a more sustainable future for the
three countries and the world.
In his statement to the Saudi Press Agency
following the session, Minister of Media Salman Al-Dosari highlighted the
Council’s appreciation for the results of the recent Arab conferences in Riyadh
focused on environmental matters.
He added that the Cabinet stressed the Kingdom’s
keenness to partner with regional and global entities to bolster agriculture,
food security, and water resources, aligning with the country’s sustainable
development goals.
During the session, the Council of Ministers
cleared various agreements including an energy cooperation deal between Saudi
Arabia and Jordan, as well as a memorandum of understanding between the Saudi
Ministry of Energy and Brazil’s Ministry of Mines and Energy.
The Cabinet also endorsed two cooperation pacts
between the Saudi Ministry of Industry and Mineral Resources and both Morocco’s
Ministry of Energy Transition and Sustainable Development, and Japan’s Ministry
of Economy, Trade and Industry. These pacts relate to the fields of mineral
wealth, mining, and mineral resources.
Moreover, it cleared the Kingdom’s accession to
the Geneva Act of the Hague Agreement concerning the international registration
of industrial designs.
Additionally, the Cabinet approved the
implementation of a decision made by the Gulf Cooperation Council states’
Financial and Economic Cooperation Committee regarding the final draft for
exempting industrial inputs from fees. This decision was made during the
committee’s 120th meeting, held in October 2023 in the Omani capital, Muscat.