His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the Cabinet session held here today.
Al-Dossary stated that the Cabinet deemed the Kingdom’s prominent position among the top ten global markets for battery energy storage, coinciding with the start of operations at the 2000-megawatt-hour-capacity Bisha project, as a testament to the transformation underway within the energy sector, further solidifying the Kingdom’s leadership in energy production and export.
The Cabinet acknowledged the success of the fourth LEAP25 conference, which was held in Riyadh under the theme “Into New Worlds” and featured the announcement of over $14.9 billion in investments and launches. The conference aimed at fostering innovation in digital and technological infrastructure, supporting research and development, advancing artificial intelligence, and promoting cloud computing.
The Cabinet commended the opening of regional headquarters for 600 international companies within the Kingdom, underscoring the global recognition of Saudi Arabia’s economic stability, promising growth trajectory, and strategic geographic location, further bolstered by the presence of exceptional talent and expertise.
Source: SPA
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