Saudi Arabia Looks to China to Help Build Up Its Renewables Industry

(Riyadh, Saudi Arabia) — Saudi Arabia will be counting on partnerships with Chinese companies to help the Gulf country build up a renewable energy industry of its own, according to an executive at its sovereign wealth fund.

“We have huge demands for renewables and it makes a lot of sense for us from an economic development perspective and from a security of supply perspective to localize these products in the KSA (Kingdom of Saudi Arabia),” said Mohammed Albalaihed, head of energy and utilities at the Public Investment Fund (PIF), at an industry event.