Call for Saudis to be a solar power
▻http://us6.campaign-archive1.com/?u=6e13c74c17ec527c4be72d64f&id=9e2f44f9db&e=08052803c8
Call for Saudis to be
a solar power
Saudi Arabia says it plans to be less dependent on oil revenues in future – but will it grasp the opportunity to become a world leader in solar energy?
By Kieran Cooke
LONDON, 13 April, 2016 − The announcement by Deputy Crown Prince Mohammed bin Salman of Saudi Arabia sent tremors through global energy markets.
He said that the desert kingdom – the world’s biggest oil exporter – would, within 20 years, no longer be dependent on oil revenues and plans to use an estimated US$2 trillion in assets to diversify the country’s economy and invest in companies and projects around the globe.