The Middle East

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Chapter | Country Profile from The Report: Saudi Arabia 2019

Saudi Arabia is the largest country in the Middle East and the 13th-largest nation in the world, with an area of approximately 2.15m sq km, covering 80% of the Arabian Peninsula. Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key player both regionally and globally. Established in September 1932, in recent years the Kingdom...

Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.

 

Renewable energy solutions in Qatar are set to advance significantly in 2019 as international bidders vie for the opportunity to build the country’s first utility-scale solar energy facility. This follows the acknowledgement over a decade ago that renewables have the potential to add economic value by diversifying energy sources, freeing up...

 

What impact will the recent merger of Qatargas and RasGas have on the country’s ability to compete in the global LNG market?

 

Qatar’s decision to expand liquefied natural gas (LNG) production by 43% from 77m tonnes per year to 110m tonnes per year by 2024 is designed to enable the country to capitalise on growing global demand for the fuel. The country has been one of the world’s main exporters of LNG, although in recent years, competitors including the US and...

 

In the two decades since it first exported liquefied natural gas (LNG) in 1997, Qatar’s economy and population has expanded rapidly, bringing with it a significant increase in demand for electricity and water. A report published in 2015 by the US Energy Information Administration noted that the utilities sector accounts for most of Qatar’s...

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