Home Business framework Desert Technologies Investments signs two cooperation protocols with Greek companies

Desert Technologies Investments signs two cooperation protocols with Greek companies


Athens: Within the framework of the official visit of Prince Mohammed Salman Abdulaziz, Crown Prince and Deputy Prime Minister of the Kingdom of Saudi Arabia to the Hellenic Republic (Greece), Desert Technologies Investments signed two memoranda of joint cooperation with the leading Greek company MYTILINEOS In industry and renewable energies, and the leading Greek company in energy and communication solutions Raycap, to examine the prospects for collaboration on the creation and commercialization of innovative solutions for the renewable energy sector with particular reference to solar photovoltaic and energy storage systems.

The two cooperation protocols establish a framework for cooperation between the Saudi and Greek private sectors in the fields of renewable energy, renewable energy efficiency and solar energy storage solutions. They also work to develop qualitative partnerships between the parties to locate materials, products and services related to the manufacture of solar panels and associated supply chains, in addition to exchanging experiences and information related to renewable energy fields. .

The cooperation protocols were signed in the presence of a number of members of the Saudi and Greek delegations, including the Saudi Minister of Investment, Eng. Khalid Abdulaziz Al-Falih; Saudi Minister of Commerce and Acting Minister of Media, Dr. Majid Abdullah Al-Qasabi; and the Saudi Minister of Communications and Information Technology, Eng. Abdullah Amer Al-Sawaha, as well as the Minister of Development and Investments of the Government of the Hellenic Republic Adonis Georgiadis. They were signed by Mr. Khaled Ahmed Sharbatly, CEO of Desert Technologies Investments, Mr. Kostas Apostolidis, Founder and President of Raycap Corporation, and Mr. Evangelos Kamaris, Director of International Business Development at MYTILINEOS.

These memoranda reflect Desert Technologies’ strategy to increase its solar panel production capacity to meet growing local needs and increasing Saudi export volume. It also aims to expand its investments in the areas of investment, contracts and development, in order to improve the level of its operations in Saudi Arabia and open new markets regionally and internationally, particularly in the Greek and European markets, after the company has managed to enter into strategic partnerships with many European, American and African governments and companies, export the Saudi product of solar panels to world markets, establish and develop many energy projects solar energy and open up new horizons for Saudi foreign investment.

On this occasion, Mr. Khaled Sharbatly, CEO of Desert Technologies Investments, said: “These partnerships confirm the commitment of the Desert Technologies Group to achieve the objectives of the Kingdom’s Vision 2030 through active participation in increasing the volume Saudi non-oil exports. and Saudi investments internationally. The company has great confidence in the promising Greek market, especially in the field of solar energy”, adding: “We will work together within the framework of the two cooperation protocols to benefit from our common experiences and our investments to increase the volume of investments and projects in the field of solar energy, to support the efforts of the Greek State to reduce climate change and to rely on renewable energy sources. We at Desert Technologies, building on our pioneering role in the field of energy, and with the support the renewable energy industry receives from thoughtful leadership, continue to deliver on our ambitious strategy to enable the transition to renewable energies, and our partnership today with the Greek side embodies our commitment to this strategy and our aspiration to contribute to the achievement of the Kingdom’s Vision 2030 objectives to diversify energy sources and strengthen their efforts to preserve the environment, addressing climate change and achieving zero neutrality.