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Renewable energy is the gateway for Middle Eastern countries to diversify their economies and confront climate change

May 15, 2024

Countries in the Middle East are redoubling their efforts to diversify energy sources through massive renewable energy and clean technology projects.

There are several reasons that push countries in the Middle East to move forward on this path, the most important of which is that the future of energy lies in renewable sources, and that adherence to fossil fuels may hinder their ability to compete in the long term, in addition to the fact that some countries face the risk of depleting their fossil fuel reserves. Which prompts them to search for sustainable alternatives.

One of the reasons is that countries in the region are aware of the dangers of climate change and global efforts are being made to combat it by reducing carbon emissions.

The Kingdom of Saudi Arabia is one of the largest investors in renewable energy projects in the region. It aims to achieve an energy mix of 50% renewable energy by 2030.

NEOM, a smart city under development, is a pioneering model of a city that runs entirely on renewable energy.

As for the United Arab Emirates, it plans to reach an energy mix of 44% renewable energy by 2030.

It is considered one of the pioneers of solar energy in the region. It hosts three of the largest solar power plants in the world. The wind energy industry is also developing and investing heavily in green hydrogen.

Oman seeks to become a major producer of green hydrogen, benefiting from its experience in the field of oil and gas and its distinctive geographical location.

It plans to enhance cooperation with the United Arab Emirates in the field of renewable energy and clean technology.

The cost of renewable energy projects is still relatively high compared to fossil fuels. Which requires large investments, and renewable energy projects require appropriate infrastructure, such as electricity transmission networks, which may require large investments.

The shift towards renewable energy and clean technology represents a great opportunity for Middle Eastern countries to diversify their economies, enhance their energy security, and combat climate change.
The mega projects being implemented in the region are evidence of its commitment to a sustainable energy future.