Energy Minister's Keynote Address at IKTVA Forum

[M157-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:56 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

بسم الله الرحمن الرحيم، الصلاة والسلام على سيد المرسلين سيدنا محمد وعلى آله وصحبه أجمعين

[M157-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:04 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

صاحب السمو الملكي الأمير السعود بن نايف أمير المنطقة الشرقية، أصحاب السمو، أصحاب المعالي

[M157-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:12 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

شركائنا في هذا الجهد الوطني الكبير، أشكر لكم حضوركم ومشاركتكم الدائمة سموك واهتمامك بهذا البرنامج الذي تتطور في أن يكون نموذج لبرامج مشابهة جعلتنا في قطاع الطاقة نكون قدوة لما كان يعرف بتطوير المحتوى المحلي إلى ما هو الآن عليه وهو التوطين

[M157-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:53 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

تأذنلي سموك أن أتكلم باللغة الإنجليزية لوجود شركاؤنا من المتحديثن باللغة الإنجليزية

[M157-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:00 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

if you don't mind your Highness I would switch to English, before I start my presentation I would like to ask our friends here as a word of recognition for the good work and the solid partnership we've had with two of my colleagues present here I would like to name Dr hammed Al Sheikh his Excellency minister of State and he is the Secretary General for the localization committee, the Supreme Committee of localization headed by his Royal Highness Crown Prince and prime minister Prince Muhammad Bin Salman and my friend and colleague Minister Bandar Alkhorayef is the minister of industry and Mining they're here with us so I could never stand here before you and say that we could have been achieving what we've been achieving and what we are aspiring to achieve without their solid corporation understanding and specific understanding of what this sector require and how much emphasis should be placed on it to the extent that they allow us to work as an ecosystem with a coordination arrangement to that localization Supreme localization committee

[M157-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:37 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so if you don't mind your Excellency can I ask you both to stand up and to give you a good the right thing which is a good standing applause

[M157-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:57 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

we also have few friends I always have friends luckily but I have his Excellency our friend from Brazil is gonna be here with us for almost a week he likes to be here I like to have him around and we have a lot of work to work to do be it on our bilateral relationship including Investments including sharing few things serious things on energy markets and certainly now as Brazil will be hosting the Cup 30 we also have a lot of things to do together

[M157-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:45 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I also have my, I think he's not only my friend he's friend of so many of you, the Excellency minister of Egypt, he is not an alien to Dhahran because he used to working with schlumberger and I'm sure that you know him and he had worked in so many project here and now he and I will be working a lot in bringing our relationship of fostering a much more Deep dive relationship in the energy sector when it comes to Egypt we certainly have a lot to look for and I think we made a promise that hopefully by the 18th of February myself and him and his excellency minister of electricity will be putting a road map on a way forward of how we can collaborate

[M157-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:39 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

sorry for taking much of your time but I certainly would like would assure you that I will take more of your time, simply because we have a lot to talk about

[M157-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:52 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I'm very, kindly I mean just put the track and put the road for me but as Amin always does he always keep the heart job for me

[M157-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:08 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I take it with pleasure because I keep telling everybody yes the ministry is the policy setting part of the ecosystem when it comes to the government but it's also it's the regulator

[M157-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:26 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and I continuously tell people that if you are to be a proper regulator you have to be an enabling regulator and without that you will be an abusive regulator

[M157-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:40 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

but what we have is at the stake is growth of this sector and how you can co-mingle being a regulator but also assuring that the targets and objectives of the vision 2030 is to be attended to and achieved, so you have to be an enabling regulator

[M157-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:05 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

that's why we've been fostering as a Ministry and Regulatory bodies I think the most Supreme exemplary relationship between the regulator and the regulated

[M157-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:19 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and I'll give you few of these things because as you have seen your highness guests what Iktva has been doing and how much of a role model it has been so I'm just going to move you forward with how we operate

[M157-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:42 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

we look at the sector comprehensively be it oil, be it gas, be it all of the above and we ensure that we go for localization not local content and the difference between the two is what you see here

[M157-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:05 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

because local content looks at the first part while the other two are not part of that local country but when you go for localization then you will have to go even to the particulars including the manners

[M157-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:28 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

now when it comes to the aspiration all together to achieve a greater alignment and further strengthening the collaboration between stakeholders we have to establish a localization committee as I said within the sector and that's why I was very grateful to what has happened as an special case to ensure comprehensiveness and completeness when it comes to the engagement of the sector with how to achieve the localization targets

[M157-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:14 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

this is the kind of body that I would call it virtual body which is we called it Nuwatin and Nuwatin is nothing more than a coordinating body that is managed by the ministry and that arrangement allow all of these sectorial initiatives to have a meaningful way of communicating with each other and ensuring that we optimize our endeavour through this coordinating body this way we would avoid duplication and make sure that whatever we try to put together is something that we can all benefit for from as a sector and you would be surprised of how many of these things are commonly shared by the various parts of the sector

[M157-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:23 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

this is how we look at the components we have to do a lot when it comes to oil and gas we have to do a lot when it comes to conventional and nonconventional power sector we have to make sure that we do a lot in the transmission and distribution and we have to look at Human Resource, Innovation and Supply resilience

[M157-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:03 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

when it comes to the energy sources or the pure part of the sector or the main component of the sector here you go

[M157-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:16 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

we have worked in so many things as you can see we're not bragging about it, it's there projects that are being executed, commitments that has been discharged contracts that have been outlined there are 60 I think 60 contractors of all sorts including engineering, designing, executing, working on these initiatives, but more important I would give you guidance here on the equipment that we realize as a sector we require and we need to work in ensuring that we get to achieve them

[M157-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:01 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

again we're even expanding on gas and again we have particular requirements that are needed, I'm fortunately I can't see it both neither in the screen in front of me nor in the side that I was hoping that this screen should be somewhere closer to my eye for me to but here you go

[M157-24] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:35 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I need to go back to something that I was interested in showing which is, now most of these components and we deliberately I asked that we put the names of these companies because they really put time, money, effort and commitment and we want to make sure that we also promote and do the right thing which is to show some gratitude for those who are partnering with us and here you go in that first part

[M157-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:13 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

now we're moving further with what we need to do we've discovered that as we are executing the Master gas system the third part believe it or not we realize that we need the fourth one

[M157-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:37 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and that fourth one will be as similar probably as the third expansion and we've already been working with Aramco in it and we are already sorting what needs to be done for that but more important we know also that this is the kind of stuff we need we even are becoming too meticulous on what to localize with retailer fuel sector and modernization as you hopefully can see and concur that this sector had evolved over the last two, three years the thanks should be for what we have worked out as a sector to ensure that we work as a total government we have a committee now, it is over the sea, the sectors, yes it is shared by the ministry of energy but we work as in the spirit of one team we execute our activities holistically so when you have these gas stations being visited they will be visited at least by 10 different agencies in the same day and the same time each working attending to its own mandate

[M157-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:55 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and that's why we have seen this evolution of this gas station and Improvement now we want to localize the component including the LPG sector the transformation to that sector will, is seen now and you will see more of it but again we want to localize more of it

[M157-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:18 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

when it comes to the petrochemical sector, I believe that probably the most important component that will be a futuristic component which will be petrochemicals not only when it comes to plastic and all the materials and the polymers that will be produced but you can see for yourself that at least we have so many I think 50 or 60 my way of really looking at numbers is (…) and I will come back to that because we are going to facilitate the job of everybody to see these components that we require

[M157-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:06 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I also would like to remind you that we have a program called the sustainability program, the oil sustainability program, and I'm just giving you a sample of how many things that we have been working with remarkably hydrocarbon will be better to be used when it comes to windmills and what have you but we're also adventuring on polymers in many ways including construction material and we're working with Neom, with GEA with as using these materials as a revolutionary material avoiding cement and steel and exchanging it for some other material which are actually hydrocarbon based material and polymer will be the main player in those things

[M157-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:08 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

we're not again we're not talking about things that shall be done it's there already we're even working with King Salman Park we're working with all the Giga projects to use these materials and we invite you also to go to and visit with the sustainability program because there is an exciting crowd and exciting opportunity

[M157-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:37 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

now we go to the power sector and I have Siemens here and GE here and they will tell you that Saudi Arabia had really locked the market by making sure that every turbine that Siemens can produce has already been booked by us so as GE so as I my memory help me it will be also Mitsubishi

[M157-32] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:07 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and people don't realize that what we are doing now which is the 42 gigas on conventional gas and the overhauling of the old gas, gas or oil units that where emplaced where they will be converted into utilizing gas will give us 60 I think 65 gigas plus what we have so this country in terms of convention by 2030 will be using 110 gwatt

[M157-33] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:55 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and again we have to give compliment to those who've been working with us and hopefully will continue to work with us because they've been putting money and they're put putting money where their mouths are, yesterday I was even visiting Siemens and something else it was a nice visit and I like the idea of when I visit anything that is being inaugurated I ask the companies to give two at least two salaries to their employees as a gesture for the good work that they have done and I'm very grateful that Siemens yesterday also made that same announcement, Amin me is very worried about me doing this

[M157-34] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:53 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so as Abdulrahman Al-Fageeh, so as Khalid Al Ghamdy, the three of them congregated and they tried to work me out on something that instead of all employees project by project I said well I'll give it a thought

[M157-35] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:13 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

but again you know we're here to demonstrate our gratitude to those who believe on us and believe on our commitment and our seriousness

[M157-36] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:25 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I have to take you to the more also exciting part which is the renewable and not a lot of people know or want to believe that we have signed up already the 42 gigas, 44 gigas but actually we did and well we are we are in the 26 gigas sorry but by this end of this year we will be committed to 44

[M157-37] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:56 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and we will hear in probably a week if I can squeeze Mohammed Abunayyan which will hopefully happen that you will hear an announcement of 13 Giga being signed with Aqua am I correct, Hammad

[M157-38] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:15 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so but our ambition does not stand there we will have to go to 10 and I bet you that no country in planet Earth will have the ambition to maintain 20% of its capacity as a reserve capacity

[M157-39] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:31 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and we intend to do it not because of economic reasons of the sector but you know what we really are scared that the world the Saudi economy will grow faster than anybody's anticipation and we really don't want to be caught by surprise that we don't have we would not have the power to power that economy

[M157-40] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:56 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so our Moto is being safe than sorry and what you see in many countries I'm not going to name countries or places that are in the northwest part of the planet but you can leave it for your imagination today watch and read the news people are all over trying to find LNG and making sure that they have electricity simply because we they have a severe winter and I really ask everybody here can we sit on our hands when we have the will the ability and the enablers to do the right thing and ensure that we are ahead of the economy when it comes enabling the economy especially with power because without energy I don't think you will have growth in your (…)

[M157-41] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:54 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so instead of being an enabling sector it would be the latter of which I don't think that we will be, also we're working on batteries because not a lot of people understand that if you don't work in batteries by a lot of batteries and you put the infrastructure in the transmission line in the other components which is operating centers which is overhauling your transmission line which is overhauling your distribution line which is putting the right centers to make sure that you will have proper operation this way you will mitigate any intermittence

[M157-42] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:38 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

hands on we are building so many of these centers that I don't think anywhere in planet Earth you would have the commitment of the scalability versus the client components if you look at the number of client and if the investment in this reliability parts I remain to be corrected and I would accept the challenge to show me any country that would do what we do in that amount of scalability versus the use and the reliability part that we will get

[M157-43] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:19 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

sorry much taking your time but again we want to give recognition to those who had been working with us and we are working with PIF as a partner in achieving this objectives which is localizing every material using even as I said hydrocarbon polymers to give us that achievement

[M157-44] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:42 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and using our own minerals, same here it is easy to be produced if you put their head and work with everybody and here you go, we will have 26 opportunities I think 21 opportunities to deliver this ambition

[M157-45] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:25:11 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

again when it comes to batteries and what have you and transmission sorry transmission lines and distribution this is the kind of collaboration we have existent as we speak today

[M157-46] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:25:28 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so as what I have been saying all along now we have other component and I will just take you quickly around it this is what we can we've been doing as an ecosystem on the human resource development we're not sitting in silos we as a Ministry working with everybody in Iktva and Nusaned and Binaa’ in the other parts which is the nuclear which is the regulators we need all those be it government agencies be it captured, be it the regulator be it care we all need to all grow with the competent capable people

[M157-47] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:18 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so we have to look at the whole sector together and that's why we've been engaged through a team that I've created that looks after the interest of the whole ecosystem with a view that we will work with universities vocational programs and other institution to ensure that the calendar is changed the programs of the University changed and we entice student to go to these programs to ensure that we will have the labor force required for the ambition it will be a tragedy that we have all of these Investments and we don't have the commensurate labor force that take these jobs and they have to be there in the precise time required

[M157-48] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:11 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so this is one fundamental program now that goes also with Innovation, I fail to see or to where we will be short when it comes to Innovation when we have (…) when we have those universities when we have the (…) Valley when we have the partners because each and every country will have its own particularities in addressing Innovation

[M157-49] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:44 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

it will come with your with so many different things and your own particular like weather like so many other things and it will have to be fitting or be fitting to your uses and these uses are different from one country to the other

[M157-50] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:28:04 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

so again we have the institution we have the partners and we have the endeavours and we have the challenges so we have to have an innovative if you call it ecosystem to help us and support us in addressing these issues

[M157-51] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:28:22 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

the other here is more to do with another enabler just to make sure that the minerals and that's why I like being rubbing elbows with my friend Bandar Alkhorayef so is he likes to rub elbows with me because I will provide him with the energy he will provide us with minerals and that's why Dr Hamad Al Shiekh like both of us because we will provide him with achieving his ambition and the job that he has to deliver which is the 75% of localization

[M157-52] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:06 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

that part if you want to join us in Wednesday you know so this is episode one, on Wednesday we'll have episode two on mining and I believe that it will be a very interesting conference because it would show you how much we are conscious of the importance of being prepared and not to be caught up by surprise that we don't have the minerals or we don't have the means to get the minerals now and that's why we've created with PIF jointly this is in the back here Al Manar which is a company that will do mining abroad

[M157-53] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:58 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

we have so many and I don't want to take away from the conference but one of the exciting things there are two mountains Jabal Sayyid side is a collection of so many things including Rare Earth metal including uranium and again to those who question what we intend to do with all of these minerals we are going to monetize them all including uranium

[M157-54] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:28 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and we will enrich it and we will sell it and we will do a yellow cake and all of the above again we're there for the business of it we're there to ensure that we would not be short of raw materials to enable us to do something very crucial which is energy security

[M157-55] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:53 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

lots of people lost the chance to review what energy security is now is all about in the old days it was energy security is the security of the Middle East and the passage lines of ships and what have to ensure that oil would not be stranded

[M157-56] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:31:18 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

in today's environment and tomorrow's environment energy security will be minerals and manufacturing capacity to make your own energy

[M157-57] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:31:27 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

And if you don't do that with a plan I don't think anybody will have that energy security but anyway I have another speech more of a Martin Luther speech on that mining conference so (…) Bandar

[M157-58] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:31:49 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

One thing, sorry, one thing I would like to assure you of on the what you see in the right flank is you just have to scan the scan the first one and you will see my presentation now the more interesting part is if you scan you will get a flavor of what we have in Nuwatin, sorry

[M157-59] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:32:32 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

I guess it has to do something here because you will see if you, sorry can anybody of you if you click the second one on the left you will see all what we have talked about there all the equipment they require or the whom you talk to where you reach out to Nuwatin sorry it's not clicking with me properly but uh I assume if anybody can uh scan the barcode and you will see the details of what we have including whom you reach out to

[M157-60] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:33:26 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

and whom you get in touch with and every material every component that is required you will find it there yeah I believe it's flipping now didn't realize

[M157-61] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:33:44 · Energy Minister's Keynote Address at IKTVA Forum · 2025-01-13 · مشاهدة عند هذا التوقيت

this is just a small flavour of it I cannot leave your highness without saying one more thing I am not nothing more than an embodiment of good women and men in this sector I stand you here before you a proud colleague of them because without with their effort and without their insistent to deliver I don't think I could be here standing a proud person so thank you