The Arab League has launched the Arab Common Electricity Market, a landmark initiative aimed at achieving regional integration in the electricity sector and boosting clean energy cooperation among Arab nations.
The announcement came during the 15th session of the Arab Ministerial Council for Electricity, held in Egypt’s New Administrative Capital.
Attended by energy ministers and officials from 22 Arab nations, the session marked the signing of two pivotal agreements: the “General Agreement,” outlining the market’s objectives and developmental framework, and the “Market Agreement,” establishing governance, institutional, and commercial structures.
Signatory countries include the UAE, Saudi Arabia, Egypt, Qatar, and Morocco, among others.
The initiative seeks to enhance electricity supply stability, reduce costs, and encourage investment in renewable energy, positioning Arab countries as key global exporters of clean energy.
“The Arab Common Electricity Market will support efficient electricity consumption, strengthen national energy strategies, and pave the way for large-scale developmental projects,” officials noted in a statement.
The project highlights a shared commitment among member states to leverage regional cooperation for sustainable energy solutions, aligning with broader global efforts to combat climate change and promote renewable energy investments.
