RIYADH: The governments of the Kingdom of Saudi Arabia (KSA) and the United States of America (USA) said that they had inked a memorandum of understanding (MoU) between the two nations on September 8, 2023, to Set Up Intercontinental Green Transit Corridors, the Saudi Press Agency (SPA) reported on Saturday.
The SPA reported that the MoU provides a framework for developing a protocol to set up the intercontinental green transit corridors via Saudi Arabia to connect Asia with Europe.
Saudi Arabia, USA Sign MoU to Develop a Protocol for Establishing Intercontinental Green Transit Corridors through the Kingdom, Connecting Asia with Europe.https://t.co/nnWrzXT9XT#SPAGOV pic.twitter.com/HqEGdJPRCd
— SPAENG (@Spa_Eng) September 9, 2023
According to the SPA, the project aims to ease the transportation of renewable electricity and clean hydrogen through transmission cables and pipelines and constructing rail linkages. It is intended to improve energy security, promote the digital economy via digital connectivity, the transmission of data via fiber cables, support efforts for the development of clean energy, and promote trade and transport of goods by rail and via ports.
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Saudi Arabia welcomes the role of the US in facilitating and supporting the talks, establishment, and execution of the green corridors transit protocol with the relevant nations.
