00:00 "Yes, it's a big challenge, but it's also a big opportunity for the region.
00:06 The GCC announced commitments to reduce carbon emissions to zero.
00:11 At the same time, the global economy will need 40% more energy by 2050.
00:18 The region has always been a region that is committed to energy saving,
00:23 and the world will continue to need it.
00:25 At the same time, we need to transform our energy systems, and we need to rely on sustainable and renewable energy.
00:31 I believe that the term we used in our last report is pragmatic vision.
00:38 It's a vision because we need to predict the future, and we need to invest in the future, and we need to invest in future energy sources.
00:47 At the same time, we need to continue as a political maker in making the right decisions to be a sustainable energy supplier at a low cost to the world.
00:57 Historically, we have traditional natural resources, but in terms of the most sustainable natural resources,
01:04 we are in fact the cheapest place to produce solar energy,
01:08 with a global cost of 5, and we are one of the best places, and the least expensive, to produce green hydrogen.
01:15 And for decades, we have been saving energy.
01:18 So we have infrastructure, and the environmental funding system, and infrastructure that make us energy suppliers,
01:24 and that we can benefit from to be energy suppliers, not just for the traditional energy, but for future energy.
01:32 Be an energy provider, not just conventionally, but also in the energy of the future.
