RIYADH — The governments of the Kingdom of Saudi Arabia and the US of America introduced that they’d signed a memorandum of understanding (MoU) between the 2 nations on Friday.
The bilateral MoU gives a framework for creating a protocol for establishing intercontinental inexperienced transit corridors by means of the Kingdom to attach the continent of Asia with the continent of Europe.
This undertaking goals to facilitate the transit of renewable electrical energy and clear hydrogen by way of transmission cables and pipelines in addition to developing rail linkages.
Additionally it is supposed to boost power safety, assist efforts for the event of unpolluted power, promote digital economic system by means of digital connectivity and transmission of information by way of fiber cables, and promote commerce and transport of products by rail and thru ports.
The Kingdom of Saudi Arabia welcomes the position of the US of America to facilitate and assist the negotiations, institution, and implementation of the inexperienced corridors transit protocol with the related nations. — SPA