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6.10. Saudi Arabia through MoE has launched in 2017 its National Renewable Program (NREP). The main goal of the program is to substantially increase the share of renewable energy in the total energy mix targeted under the Vision 2030. (...) The Program is phased and rolled out in a systematic and transparent way to ensure that the Kingdom benefits from the cost-competitive nature of renewable energy.

6.11. (...) Since its inception, MoE, through the NREP, has pre-developed and tendered 3,300 MW of renewable energy capacity in the Kingdom, of which 700 MW was awarded in 2019 and a further 1,475 MW was tendered in 2019. Also, 1200 MW of solar projects were tendered in April 2020.

6.12. Saudi Arabia is an optimal host for a leading renewable energy industry; it holds several key success factors required for research, innovation, and commercially viable renewable energy projects that are positioned to achieve competitive levelled cost of electricity.

6.13. Saudi Arabia is investing strategically, not only in developing competitive utility scale and micro generation renewable energy projects, but also in developing the full echo system required to support and position the Kingdom as a global leader in the field. Key initiatives implemented to enable and grow the renewable energy sector include the National Renewable Energy Data Centre; and Renewable Management Centre ("RMC") which provides energy services to foster and facilitate the integration of renewable energy sources.

6.14. The electricity sector in the Kingdom is witnessing a major transformation with a number of ongoing initiatives aimed at increasing the efficiency of the sector and providing service in a comprehensive and efficient manner, achieving sustainability (...).

6.15. Some of the key initiatives that will be implemented in the electricity sector are as follows: (...) • National Renewable Energy Program (NREP); (...).

6.16. (...) Among the factors explaining the slower growth, and decline, in electricity consumption are more stringent energy efficiency and energy intensity standards under the Saudi Energy Efficiency Programme (...).

6.22. Energy price reforms would play a major role in transforming the power energy mix; including shifting from liquid fuel to gas and increasing the share of complimentary energy sources, as well as improving energy efficiency in all sectors.

8. Increasing private investment, both foreign and local, is a key element of Saudi Arabia's strategy to stimulate and diversify its economy, generate employment, and achieve sustainable development. Sectors identified as priority areas for foreign and domestic investment are: (...) (iii) health and biotechnology (...) and (viii) renewable energy.

19. (...) Domestic agricultural policy priorities are linked to Vision 2030, which aims to prioritize the use of water in agriculture to those areas with natural and renewable water sources, adjust the crop mix towards crops with lower water use, and rebalance the mix of imports and domestic production for food security. (...)