S\u00e3o Paulo \u2013 Saudi Arabia\u2019s investment minister Khalid al-Falih on Tuesday (16) told a panel titled \u201cGulf Economies: All In\u201d at the World Economic Forum in Davos, Switzerland, that the energy transition will be at the core of the growth and development strategy of the oil-producing Gulf states.<\/p>\n
\u201cThe most important thing is political stability, long-sighted vision and consistency,\u201d Al-Falih (pictured<\/em>) said, according to information from Arab News. He said the region will transition more to a decarbonized mix of energy that will have oil and gas continuing for a long time, but will bring other forms of energy that\u2019re emerging.<\/p>\n The minister said Saudi companies have invested heavily in other Gulf countries like the United Arab Emirates, Bahrain, Kuwait, and Oman, as they built this sector of renewable energy and hydrogen. He also said another investment trend has been artificial intelligence, and so has been infrastructure.<\/p>\n Translation by Guilherme Miranda<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Saudi Arabia\u2019s investment minister Khalid al-Falih said at the World Economic Forum in Davos that the energy transition will be at the core of the Gulf region\u2019s strategy to fuel its growth.<\/p>\n","protected":false},"author":2316,"featured_media":357966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[11910,36264,17555,241,27116,554,393,36260],"class_list":{"0":"post-359197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-arabia-saudita-en","9":"tag-energy-transition","10":"tag-golfo-en-3","11":"tag-gulf","12":"tag-investimento-en","13":"tag-investment","14":"tag-saudi-arabia","15":"tag-transicao-energetica-en"},"wps_subtitle":"Saudi Arabia\u2019s investment minister Khalid al-Falih said at the World Economic Forum in Davos that the energy transition will be at the core of the Gulf region\u2019s strategy to fuel its growth.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=359197"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/359197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/357966"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=359197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=359197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=359197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}