Arab League celebrates historic agreements for Arab Common Electricity Market

Cairo: The upcoming meetings of the Arab Ministerial Council for Electricity will feature the Arab League s landmark celebration of the signing of two...

Cairo: The upcoming meetings of the Arab Ministerial Council for Electricity will feature the Arab League's landmark celebration of the signing of two pivotal agreements for the Arab Common Electricity Market: the General Agreement and the Market Agreement.

In a statement released today, the Arab League hailed the signing of these agreements as a historic milestone in the pursuit of joint Arab action. This achievement marks the culmination of collaborative efforts in the electricity sector and sets the foundation for enhanced regional integration.

Assistant Secretary-General and Head of the Economic Affairs Sector at the Arab League HE Ambassador Ali bin Ibrahim Al Maliki, emphasized that the agreements represent a significant step toward achieving comprehensive integration in Arab electricity.

They pave the way for the establishment of an integrated Arab electricity market that enhances supply stability, reduces costs, and attracts investments in renewable energy. Such advancements, he noted, will position Arab nations as leading global suppliers of clean energy.

HE Ambassador Al Maliki further highlighted that the pilot project involving the Arab Mashreq countries serves as the cornerstone for implementing the Arab Common Electricity Market. This milestone, he asserted, initiates a new phase of economic cooperation and reinforces energy sovereignty across the Arab region.