Saudi Arabia’s Deputy Minister of Energy Fuad Mosa Joins MSGBC Oil, Gas & Power 2026
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Fuad Mosa, Deputy Minister of Energy of the Kingdom of Saudi Arabia, will join delegates at MSGBC Oil, Gas & Power 2026 in Dakar. His participation gives MSGBC governments direct engagement with one of the world’s leading hydrocarbon producers as Senegal, Mauritania and their neighbors widen the search for partners and build out their national supply chains.
Saudi Arabia is actively expanding its investment across Africa. At the inaugural Saudi-African Summit in Riyadh in November 2023, Crown Prince Mohammed bin Salman announced plans for more than $25 billion in new Saudi investment across African sectors, alongside $10 billion in export financing and $5 billion in additional development financing through 2030.
Saudi capital also holds a growing position in Senegal, where utility developer ACWA Power signed project agreements with the government in July 2025 for the Grande-Côte seawater desalination plant. The $800 million public-private partnership with national water company SONES will produce 400,000 cubic meters per day in two phases, drawing its electricity from renewable sources on Senegal’s grid under a dedicated supply agreement with Senelec. Full commercial operations are targeted for 2031.
Local value creation provides additional common ground between Riyadh and the MSGBC governments. Saudi Arabia’s Ministry of Energy is working toward 75% localization across the energy sector by 2030, and Mosa said in 2024 the Kingdom had reached roughly 45%, with oil and gas among the most advanced segments at 55% to 60%. Working toward the same goal, Senegal’s local content framework reserves certain activities for qualified Senegalese companies and places oversight with a national monitoring committee. Minister of Energy and Petroleum El Hadji Abdourahmane Diouf has asked new partners to involve Senegalese firms and skills from the start of their projects.
Demand for capable partners is rising across the MSGBC basin. Senegal reorganized its acreage into 113 blocks in March 2026 and now has 104 available to investors, while state-owned Petrosen is seeking partners for the Yakaar-Teranga gas project. Held under the theme ‘Powering Investment, Delivering Prosperity: Executing the Region’s Energy Strategy’, MSGBC Oil, Gas & Power 2026 will place Saudi Arabia’s Ministry of Energy alongside MSGBC ministers and national oil companies as the region sets its next wave of upstream and gas-to-power investment.
Organized by Energy Capital & Power, MSGBC Oil, Gas & Power 2026 takes place December 1–3 at the Centre International de Conférences Abdou Diouf in Dakar under the High Patronage of President Bassirou Diomaye Faye. To sponsor or participate as a delegate, visit www.msgbcoilgasandpower.com.