EDF and Areva have opened a joint office in Saudi Arabia?s capital Riyadh in an attempt to target the Kingdom?s growing solar and nuclear industries
Establishing a local presence in the kingdom will enable both French energy companies to bring their mature solar and nuclear technologies to Saudi Arabian, which is looking to diversify its national energy strategy away from relying solely on hydrocarbons.
Areva chief commercial officer Ruben Lazo said, ?Our solar and nuclear technologies fit perfectly with the strategy of the Kingdom, since they maximise local content and thus offer the best potential for local job creation."
A key part of setting up a direct local presence in the kingdom is to provide knowledge transfer to Saudi engineers and technicians.
EDF vice-president for international development, Gerard Wolf, added, ?EDF is looking forward to a fruitful cooperation through the opening of this nuclear branch office."
