The global insolation map has three notable patches of dark red: one in western Australia; another in southwest US; and perhaps the largest stretching from Algeria across North Africa all the way to the Arabian Gulf. It is in these regions where the most sun hits the ground, creating the greatest potential for solar energy. The large swathe in...
Unlike many of its neighbouring countries and emirates, Ras Al Khaimah is not a large oil-and-gas producer. It has, however, established its own growing energy economy, ramping up capacity for electricity generation and water desalination, studying the potential of renewable energies – in particular solar power – and developing energy efficiency...
Two hydrocarbons firms, RAK Gas and RAK Petroleum, are the main players in Ras Al Khaimah’s energy sector. The former is a state-owned company responsible for ensuring a steady and reliable supply of gas for the emirate, while the latter is a public limited company formed in 2005. The latter is headquartered in Dubai and is not listed on any...
Although the UAE is an oil-rich country – the eighth-largest producer of oil in the world, with output of 2.8m barrels per day (bpd) in 2010, according to the US Energy Information Administration, and the fourth-biggest exporter – the emirate of Ras Al Khaimah has relatively limited resources when it comes to hydrocarbons. Oil and gas accounted for...
Relatively unaffected by the global slowdown, Ras Al Khaimah has witnessed extremely rapid growth in the past decade. The emirate’s GDP grew by approximately 8% in 2011, according to RAK’s Department for Economic Development. Industry was the main driver of this growth, accounting for around 30% of GDP in the same year. The rise in GDP served to...
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