Riyadh, Vienna Eye More Cooperation, Promoting Environmental, Water Protection

Riyadh, Vienna Eye More Cooperation, Promoting Environmental, Water Protection

Austrian Minister for Digital and Economic Affairs Margarete Schramböck clearly admitted that the current Russian-Ukrainian war has exposed Europe’s urgent need for a roadmap that accommodates economic diversification, especially in the energy sector, to secure its demands.

This need made her visit to Saudi Arabia vital to finding the best way to enhance cooperation between Austria and the Kingdom and achieve what she is looking for in these geopolitical and geospatial conditions.

Speaking to Asharq Al-Awsat, Schramböck said there should be new partnerships and cooperation in the energy sector, noting that Austria is looking to become climate neutral by 2040.

Therefore, her visit to Saudi Arabia is an opportunity to exchange views with Saudi ministers on potential areas of cooperation in the energy sector.

Schramböck revealed that new agreements to boost cooperation and the signing of a memorandum of understanding in the field of environment and water protection are currently under study, noting that this would pave the way for Austrian companies to engage in Saudi Arabia.

As for Saudi-Austrian relations, she confirmed that the Kingdom enjoys an attractive commercial location for Austrian companies, indicating that Riyadh will witness the holding of the eighth session of the Saudi-Austrian Joint Committee, where a huge trade delegation