Türkiye, Saudi Arabia to cooperate on critical minerals and green technologies

The official announcement came from Alparslan Bayraktar, Türkiye's Minister of Energy and Natural Resources, during an exclusive interview with the country's public broadcaster TRT.

This landmark MoU was solidified subsequent to a momentous visit by Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, to Türkiye. The agreement marks a crucial milestone, fostering a platform for diverse collaboration encompassing strategic investments in minerals and the exchange of expertise in cutting-edge technologies like solar panels and electric vehicles.

Significantly, the accord underscores Saudi Arabia's firm commitment to advancing its ambitions in the fields of hydrogen, wind, and solar power. The nation is steadfast in its pursuit of augmenting its installed power capacity to an impressive 5000 megawatts.

For Türkiye, this agreement holds special import within the context of its rapidly evolving energy landscape. Minister Bayraktar emphasized the pivotal goals of diversifying energy sources and minimizing dependency. These objectives are deemed imperative due to Türkiye's burgeoning energy requirements driven by population growth and the expansion of industrial endeavors.

As both nations navigate the complexities of an ever-changing energy future, the MoU stands as a cornerstone, promising a synergy that has the potential to reshape their trajectories in the energy sector. (ILKHA)