MOROCCO – The government of Morocco has signed a memorandum of understanding with Saudi Arabia on the peaceful use of atomic energy.
The signing of the agreement was done by Morocco’s minister of Energy Transition and Sustainable Development Leila Benali and Saudi-Arabia’s Minister of Energy, Prince Abdulaziz bin Salman.
The memorandum aims to increase the two countries’ engagements in the field of energy, by exchanging expertise and encouraging financing and investments in both countries.
As revealed in a press release by Saudi-Arabia’s ministry of energy, the two countries will cooperate in the field of “Peaceful Uses of Atomic Energy.”
These uses include designing, constructing, and operating a nuclear fuel cycle and waste management, in addition to engineering and marketing innovative techniques for new generations of nuclear plants.
The memorandum aligns with Morocco’s “Green Generation” 2017 strategy, which follows the goal of transitioning towards a greener economy by 2030, said the statement from the Saudi ministry of energy.
Morocco is a forerunner in renewable energy, and the country has been moving steadily toward a more environmentally friendly future.
The agreement between SIE and Greenrock aims to improve the financial management of energy efficiency (EE) projects by assisting private businesses and investors in becoming more environmentally friendly.
The country continued focus on green energy transition makes it a frontrunner in Africa where several countries have yet to make recognizable strides.
As the world moves towards sustainable use of energy and reduction of greenhouse gases efforts, Morocco is one of the leading countries to support the initiative.