SAGIA signs deal to boost renewable energy investments

31/10/2018 Argaam

 

The Saudi Arabian General Investment Authority (SAGIA) signed on Tuesday an agreement with King Abdullah City for Atomic and Renewable Energy (K.A.CARE) to attract investments to the Kingdom’s atomic and renewable energy sector, Saudi Press Agency (SPA) reported.

 

In-line with Vision 2030’s Invest in Saudi Arabia Initiative, the deal aims to develop the Kingdom’s global competitive advantage, and set a work-frame that supports atomic and renewable energy programs, said Ibrahim Al-Omar, SAGIA governor.

 

The agreement supports local content, and would provide data and information on the Kingdom’s renewable energy sector, K.A.CARE’s President Hashem bin Abdullah Yamani said.

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