
Overview
Saudi Arabia has announced plans to become the region's renewable energy hub by 2030, recognizing the importance of a diverse energy mix for its long-term economic prosperity. The Kingdom also aspires to become a major manufacturing hub, offering green energy investors attractive investment opportunities in a large and underdeveloped market
Explore Saudi Arabia's
Renewable Energy Sector
-
6th
country worldwide for solar energy potential -
13th
country worldwide for onshore wind energy potential
Value Proposition
Limitless solar and wind energy endowment
Large unsaturated regional market
- In addition to the growing local demand, manufacturers have the opportunity to meet an energy demand of 17 GW in the GCC and 70 GW in the MENA region
- Energy companies in Saudi Arabia can leverage a logistical advantage, such as cheaper transportation costs and faster supply times to GCC bordering countries
Advanced knowledge-based market
- A strong ecosystem of advanced renewables research and innovation with pioneering initiatives involving many entities.
- The renewable energy atlas and the supplier database are two examples of comprehensive market information databases .
An investor centric ecosystem
- Tailored investment incentives are provided to encourage private sector investments.
- Facilitate the formation and expansion of businesses in order to make the investment experience as simple as possible.
Energy Opportunities
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