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GCC Energy and Power Industry

Authors:
  • Gulf Research Center
Date of Publication: Apr 2024
Publications Categories: Reports

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The GCC countries are promoting energy and power sector by taking initiatives for renewable energy targets such as by 2030, Saudi Arabia wants to use renewable energy to meet half of its energy needs, with gas covering the remaining half, and United Arab Emirates (UAE) Energy Strategy 2050 seeks to achieve the country’s economic needs and environmental objectives by utilizing a combination of clean, nuclear, and renewable energy sources. The goal includes 44 percent clean energy, 38 percent gas, 12 percent clean coal and 6 percent nuclear energy by 2050.

The GCC countries are promoting energy and power sector by taking initiatives for renewable energy targets such as by 2030, Saudi Arabia wants to use renewable energy to meet half of its energy needs, with gas covering the remaining half, and United Arab Emirates (UAE) Energy Strategy 2050 seeks to achieve the country’s economic needs and environmental objectives by utilizing a combination of clean, nuclear, and renewable energy sources. The goal includes 44 percent clean energy, 38 percent gas, 12 percent clean coal and 6 percent nuclear energy by 2050.

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