31 Jul 2013
(MENAFN) UAE and Saudi Arabia are planning to construct solar-power plants with an estimated worth of USD1.5 billion, Times of Oman reported.
The plants are expected to have the capacity to supply nearly 200,000 houses with 1,000 megawatts.
Countries in the region are becoming increasingly interested in green energy sources as oil importing countries see that renewable energy is cheaper and oil producers seek to expand in renewable energy to save oil for exports.
Amol Shitole, a credit analyst with SJS Markets Ltd. based in India, “If you see a rising population and rising energy demand, that really helps the risk profile.”
According to the International Renewable Energy Agency, projects in renewable energy in the Mena region went up by 40 percent from last year reaching USD2.9 billion. It is expected to hit USD13 billion in few years as renewable energy projects in solar, wind and geothermal are underway.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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