The first wave of state-backed solar power stations in Saudi were recently unveiled as part of a much larger commitment to diversify the Kingdom’s electricity generation capacity.
The Middle East
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Economic update | Saudi Arabia powering up
18 Nov 2014
Economic update | Kuwait targets subsidy reforms
17 Nov 2014
Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency.
Economic update | Steady growth for Bahrain’s economy
10 Nov 2014
A solid performance from the non-oil sector and increased state spending are forecast to drive economic growth in Bahrain above both regional and global averages this year, though falling oil prices and rising debt levels could impact expansion in 2015.
Expanding public transport has become a priority for Dubai as it looks to accommodate both a rapidly rising population and the millions of visitors expected to attend World Expo 2020.
The decision to temporarily halt and revise the Kuwait Offset Programme (KOP), before reintroducing it next year, is widely seen as a sign of the government’s commitment to enhancing the business climate amidst fierce regional competition and following regulatory reforms.
Momentum is building across Qatar’s rail, aviation and port projects, on the back of rising investment, paving the way for a broadening of the state’s economic base.