SOUTH Africa and Saudi Arabia have signed 17 memoranda of understanding related to various industries, says president Cyril Ramaphos – key of which relates to renewable energy and green hydrogen projects.
The president was in the middle eastern nation this weekend, bolstering relations and trying to draw investment amid several crises hitting the country.
Remarking at the closing session of the Saudi Arabia-South Africa Investment Conference on Saturday, Ramaphosa noted that trade relations between the two countries already amounted to $5 billion, which could grow even further.
In particular, the countries could partner on mining and industry – including health products, chemicals, steel, automobiles and many others; agriculture and food processing; tourism and hospitality; and most importantly, energy and renewables.
“I look particularly forward to welcoming more of your renewable energy firms and technologies to enter our market. We hope to see you partnering with South African firms as we increase
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
