South Africa a good, stable place to do business, Ramaphosa tells Saudi investors

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South Africa a good, stable place to do business, Ramaphosa tells Saudi investors
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President Cyril Ramaphosa on Saturday laid on the charm in a bid to woo investment from Saudi Arabia.

In particular, he said, he looked forward to welcoming more renewable energy firms and technologies to South Africa. “We hope to see you partnering with South African firms as we increase our renewable energy generation footprint and manufacture green energy components.”“We have all been following with great interest the ambitious and spectacular Neom project on the Red Sea coast.

“Our ambitious plans to unlock the potential of the green hydrogen economy include developing a hydrogen valley that stretches from the platinum belt through the country’s industrial heartland.” He said Saudi Arabia's investment across the value chain of the green hydrogen economy will not just support South Africa’s economic goals, but those of Saudi Arabia as well in its ongoing drive towards sustainability.

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