Saudi Arabia Pledges to Commit $10 Billion in South Africa

Posted on 07/13/2018


Saudi King Salman bin Abdulaziz Al Saud unveiled plans to invest at least US$ 10 billion towards South Africa’s energy sector, according to various media sources. The focus will be energy generation through renewable energy sources. Recent figures show that South Africa imports roughly 47% of its oil from Saudi Arabia. This unveiling was over […]