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Saudi Arabia Signs MoU to Establish Arab Market for Electricity - ASHARQ AL-AWSAT English Archive
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Cairo- Saudi Arabia’s energy minister Eng. Khalid Al-Falih signed on Thursday at the Arab League headquarters in Egypt a memorandum of understanding for establishing an Arab joint electricity market on the sidelines of 12th session of the Arab Ministerial Council for Electricity.

The MoU was signed by the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Algeria, Sudan, Iraq, Oman, Qatar, Union of the Comoros, Kuwait, Egypt, Libya, Morocco and Yemen.

The document was signed by energy ministers of Arab states or assigned representatives.

More so, the memorandum of understanding addresses political commitment to support on joining power grids of several Arab states.

In 1945, the Arab League was formed in an aim for it to be a regional organisation of Arab states with a focus to developing the economy, resolving disputes and coordinating political goals.

The Arab League tries to help integrate its members economically, and solve conflicts involving member states without foreign interference or assistance. It also possesses elements of a state representative parliament while foreign affairs are often dealt with under UN supervision.

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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