30/10/2014
Seven companies invitation to discuss cooperation opportunities
Canada is planning to invest in Saudi Arabia's clean energy sector
According to the ' economic ' Thomas Macdonald Canada's Ambassador in Riyadh, a Canadian plan to expand investment in clean energy in Saudi Arabia, where the seven were invited to discuss opportunities for Canadian cooperation in this area. The Canadian Ambassador said that despite Saudi Canadian partnership by Canadian companies, but the ambition of further cooperation. The scholarship was his Macdonald succeeded in recruiting Saudis to study despite the distance, adding that it is the third destination for Saudi students after America and Britain, where there are 18 000 students. This came during a seminar on investment in renewable energy organized by the Canadian Embassy in cooperation with the Saudi Association for solar energy industries. The Canadian Ambassador said that his country the third nation to embrace clean energy technology after America and the European Union. Canada has succeeded in the development of the clean energy industry by 47 per cent since 2008. The Ambassador predicted that investment returns to $ 26 billion in 2018.
The value of Canadian exports to Saudi Arabia reached 1 billion US dollars ranging from food products and technical equipment and aircraft, while the value of imports to Canada three billion dollars on oil. He said that the time is right to start in the production of renewable energy other than oil, such as Canada, which is known for the presence of gas and this does not depend on it and is trying to renew the energy and other sources. He stressed that clean energy investment creates jobs for young people and said ' in Ontario, Canada there are 3,000 clean technology company employs 65 thousand employees, which will touch him in case of joint investment projects established '. For his part, said Abdulmohsen Al-shuaibi, head of the Saudi Association for solar energy industries, the idea of inviting Canadian business comes within the role of the Assembly to support investment projects in alternative energy and reducing dependence on oil.
The association cooperates with 80 international companies within three years of its Foundation, working with its partners to explore opportunities for investment and expansion of solar energy to generate electricity. Added ' expected use 54 GWh of energy in 20 years and is the equivalent of 2 million barrels of oil '. He noted that the aim of these events dating between Saudi and Canadian businessmen to discuss investment opportunities in this area, particularly China and Canada from more States interested in clean energy. The next step of the Assembly will be Spain to discuss investment opportunities in the field of solar energy because it is interested in this area. Liu said klarkine Vice President aesp to clean energy, the clean energy investment reduction of environmental pollution and dependence on hydrocarbons. He made to Saudi Arabia in search of investment partner with $ 5 million to establish power plants within 60 months.
