The 10th World Future Energy Summit kicked off yesterday in Abu Dhabi. The event is currently being held at the Abu Dhabi National Exhibition Center and will continue through the 19th of this month, with His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources, leading the major Saudi delegation. Saudi Arabia’s participation in the event with a national pavilion—the largest among the national pavilions at this year’s summit—is part of the Kingdom’s significant support for this international event, through which it seeks to highlight the commercial opportunities available in the Saudi energy sector, particularly in light of the Kingdom’s commitment to its responsibilities regarding climate change and its dedication to diversifying energy sources.

His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources, noted that the Kingdom of Saudi Arabia has a long and successful track record of supporting global economic growth and prosperity by fulfilling its commitments to meet global energy needs in a sustainable and reliable manner. He said: “The Kingdom continues its efforts to develop and strengthen its relationships with partners in the public and private sectors, in light of its efforts to redefine its leadership in the global energy sector as part of its ongoing commitment to mitigating the impact of climate change and supporting long-term economic growth.”

On November 3, the Kingdom of Saudi Arabia signed the Paris Agreement on climate change, just prior to the 22nd session of the United Nations Climate Change Conference, which was hosted by the Moroccan city of Marrakesh from the 7th to the 18th of that same month, and it entered into force for Saudi Arabia on December 3. In addition, as part of the National Transformation Plan and Saudi Vision 2030, the Kingdom is seeking to diversify its domestic energy sources as quickly as possible, with a target of producing 9.5 gigawatts of energy from alternative sources by 2023.