23 Hrs
Source:
الاقتصادية
Saudi investments in alternative energy ensure supplies
The statements focused on how Saudi investments in developing alternative energy supply routes have contributed to ensuring the continuity of energy supplies and the flow of trade, despite current global challenges, including disruptions to energy and trade supplies and rising inflationary pressures. They pointed out that these alternative routes, such as the East-West pipeline and integrated logistical infrastructure, reduce the risks of supply interruptions and help diversify oil export pathways, thereby enhancing the resilience of the Saudi economy. The minister also emphasized the importance of international cooperation to promote economic stability, noting that providing reliable energy supplies and reasonable prices contributes to containing inflation and achieving financial stability worldwide. Reports from the International Monetary Fund (IMF) project global inflation to rise from 4.1% in 2025 to 4.7% in 2026, before declining back to 4.1% in 2027, highlighting the need for investment in infrastructure and alternative initiatives to support economic stability.
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