Arab Finance: Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy, confirmed that the launch of the pilot project for energy exchange between the Arab Levant countries (Jordan, Saudi Arabia, Egypt) will be the basic nucleus for the establishment of the Arab Common Market for Electricity and aims to design the important market requirements that will be implemented in the Arab Levant countries for energy exchange. On commercial and economic grounds, to ensure the integration of the project’s outputs with the principles and objectives of the Arab Common Market for Electricity, and to put forward a position to support the electrical equipment industry for the production, transmission and distribution of electricity in the Arab countries, where Local manufacturing of electrical equipment is one of the most important factors that help reduce costs and support the infrastructure for electrical power projects, in addition to opening horizons for cooperation and export to various countries, within the framework of the Arab Ministerial Council for Electricity’s efforts to develop national industries in the field of electricity production, transmission and distribution equipment and localize this technology. In the Arab countries, referring to the position of the Sixth Arab Forum on the prospects for generating electricity and desalinating seawater with nuclear energy, where the option of resorting to nuclear energy as a source of electricity generation and water desalination has become a strategic choice for the Arab countries.
Dr. Mahmoud Esmat referred to the topics of energy transformation in the Arab region, which will include a topic Clean hydrogen Which has a great opportunity to be the fuel of the future, and to become one of the most important sources of energy that has a major contribution to the transition to green energy generation, in order to help achieve global goals related to climate change, as the topic of the special document will be presented towards an Arab strategy for green hydrogen in the Arab region. The Arab Green Hydrogen Network will also be launched to approve and launch the concept memorandum for the Arab Clean Hydrogen Network and call for it to begin carrying out its work, explaining that the energy transition is considered an important step to reduce dependence on fossil fuels to reduce carbon emissions.
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