Pact signed to invest in renewable energy sector: Oman

Pact signed to invest in renewable energy sector: Oman

The memorandum of understanding (MoU) was signed by Dr. Aflah bin Saeed Al Hadhrami, CEO of Al Shawamikh Oil Services, and Dr. Ibrahim Bin Bakhit Al-Nadhiri, CEO of Asyad Shipping and Dry Dock, in the presence of a number of officials from both companies.

The MoU complements Al Shawamikh Oil Services’ orientation towards renewable and sustainable projects, in which the company supports Asyad Dry Dock in all technologies of the fourth industrial revolution in relation to renewable energy, energy efficiency, as well as sustainable energy and ways to develop these technologies in the Special Economic Zone of Duqm (SEZD).

Al Shawamikh also sought to allow specialised experts from both companies to exchanging ideas on field case studies to promote renewable energy projects, decarbonisation and experimental techniques.

Al Shawamikh Oil Services is keen to experiment new emerging technologies in various aspects of green energy in coordination with Asyad Dry Dock , pursue opportunities in the development of projects of an energy-saving nature, reducing carbon emissions by millions of tons, improving energy or any other environmental initiatives, which will place the dry dock in SEZD among green facilities in the world.

Al Hadhrami said that Oman has developed a policy of switching to alternative energy to