According to Xinhua News Agency, Riyadh, November 24 (Reporters Wang Haizhou and Hu Guan) Chinese company Kunlun Digital Intelligence Technology Co., Ltd. and Yida Capital, which was established with the support of the Saudi Public Investment Fund, signed a memorandum of cooperation in Riyadh on the 23rd. Digital transformation of energy industries such as oil and gas in North Africa.
The two companies issued a statement stating that, as one of the regions with the most abundant oil and gas reserves in the world, the energy digitalization potential in the Middle East and North Africa region is huge. According to the memorandum of cooperation, the first cooperation project between the two parties will be launched in Saudi Arabia. It is estimated that in the next 8 to 10 years, the income scale of this cooperation project will reach 2 billion US dollars.
According to the memorandum of cooperation, the two parties will make use of the technical advantages of Kunlun Digital Intelligence in related fields and the resource advantages of Yida Capital in the Middle East and North Africa region to provide digital solutions for the oil and gas industry and promote the technological upgrading of the upstream industry of the Saudi energy industry and the production links of oil and gas fields .
"People's Daily" (version 02, November 25, 2022)
(Editors in charge: Yuan Bo, Hu Yongqiu)
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