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UAE, Saudi Arabia, and the GCC’s Commitment to Global Green Energy Investments

Writer's picture: Konstantin GridinKonstantin Gridin

Noor Energy1in the UAE. Photo by ACWA Power
Noor Energy1in the UAE. Photo by ACWA Power

As the world intensifies efforts toward a sustainable and green future, the Gulf countries have positioned themselves as key players in driving the global transition to renewable energy. Over the past decade, the UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain have made substantial investments in renewable energy projects outside of their borders. These efforts are not only crucial for reducing the global carbon footprint but also part of a broader economic diversification strategy, as these nations look to shift away from fossil fuel dependency.


The UAE has become a prominent force in international green energy investments. Through its flagship renewable energy company Masdar, the UAE has invested over $30 billion in renewable energy projects across more than 40 countries. From solar farms in Egypt to wind energy projects in Morocco and Spain, the UAE is involved in a broad range of sustainable initiatives. In 2023, Masdar secured a landmark deal with the Philippines to invest $15 billion in renewable energy projects, which will add 1 GW of energy capacity. 


Saudi Arabia is another major player in the green energy sector. The country’s investments outside its borders exceed $50 billion, with notable projects across Africa, Asia, and Europe. ACWA Power, a Saudi company, has led the way with projects like the Redstone Solar Thermal Power Plant in South Africa and a range of wind and solar initiatives in Uzbekistan, China, and Mongolia.



Qatar has also emerged as a key investor in renewable energy worldwide. In 2024, Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), partnered with leading international firms to invest in renewable energy projects across Europe and Asia. The country’s recent green investments, totalling over $2.5 billion, include stakes in Iberdrola in Spain, a global leader in renewable energy, and other strategic initiatives in India and Africa. Moreover, IInvest Qatar's latest ESG report indicates that sustainable investments in the country are projected to reach at least $75 billion by 2030.


Kuwait has invested in wind and solar energy projects in countries like Egypt and Jordan. Oman is particularly active in internal renewable energy projects, cooperating extensively with global companies. Bahrain, while smaller in scale, has made strategic investments in solar energy in Egypt, underscoring its commitment to sustainable energy solutions in the MENA region.

These efforts are aimed not only at establishing new revenue streams, but also to get access to the newest technologies which they will be able to localize later in their own countries.

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