02:01 AM EST, 11/11/2026 (MT Newswires) -- The governments of Saudi Arabia and Türkiye signed a memorandum of understanding to collaborate on electricity projects, according to a Wednesday announcement posted on X. The MoU builds on a renewable energy cooperation agreement signed by the two countries in February, which entered into force on Oct. 21. Under the agreement, Saudi Arabia's Acwa Power (SASE:2082) will develop renewable energy projects with a combined installed capacity of 5,000 megawatts in two phases.

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