The MoU was signed by Yasser Mufti, executive director for New Business Development at Saudi Aramco and Mohamed Jameel Al Ramahi, chief executive officer (CEO) of Masdar.

Mufti said: “Saudi Aramco welcomes the MoU with Masdar. We are embarking on an ambitious program in sustainable energy, including renewables and CO2 capturing and are also supporting the research and development efforts of various organizations and institutes in the Kingdom to promote renewables use in power generation and water desalination.”

This MoU, he added, “will facilitate cooperation in research and development, education and awareness, on the basis of each company’s experience in the development and deployment of sustainability programs.” (LINK)