Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Renewable sources of energy needed to meet growing needs  Join our daily free Newsletter

MENAFN - Arab News - 30/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Renewable energy sources including nuclear power are vital for the country's future energy needs experts said here on tuesday.

mahir al-oudan chief of research development and innovation at king abdul aziz city for atomic and renewable energy said that far from being a luxury the use of new forms of renewable energy has become a necessity.

he was speaking at the second scientific conference organized by the department of economics and management at king abdulaziz university.

'there are many reasons for this. saudi arabia consumes 3 million barrels of oil and huge quantities of gas a day for power generation and water desalination plants. on top of that energy use grows at a rate of 6 to 7 percent every year. some studies show that at this rate saudi arabia will consume 9 million barrels of oil a day by 2028" he said.

'when we use atomic energy for peaceful purposes this will create 43000 jobs. and investment in this segment of the economy will provide a high return. i urge players in the private sector such as banks other lenders and investment firms to cooperate with king abdul aziz city for atomic and renewable energy" he said.

the session was moderated by fawwaz al-alami the former undersecretary at the ministry of commerce and industry. participants stressed the need to develop new rules and regulations for energy investments to create incentives for the private sector.

they said the kingdom remains one of the world's highest consumers of oil and gas. they also called for a reduction in government subsidies for oil and gas consumers and said that large projects in the services sector should use clean energy instead of traditional fossil fuels.

several saudi experts have called for the creation of a ministry of energy in the country.


 


Arab News




  MENA News Headlines
 Jun 29 2015 - Kuwait's Emir Receives Phone Call from German ChancellorQatar News Agency
(MENAFN - QNA) Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received on Sunday a phone call from Chancellor of Germany Angela Merkel who denounced the criminal bomb attack on Imam Al-Sadiq ...

 Jun 29 2015 - Palestinian Prisoner Khader Adnan Ends 55-Day Hunger StrikeQatar News Agency
(MENAFN - QNA) Hunger-striking Palestinian prisoner, Khader Adnan, will be released in two weeks from Israeli prison, his legal counsel has confirmed with Al Jazeera. Adnan has agreed to end his ...

 Jun 29 2015 - Israel Intercepts Gaza-Bound VesselQatar News Agency
(MENAFN - QNA) The Israeli Navy has intercepted a Gaza-bound vessel sailed by pro-Palestinian activists and diverted it to an Israeli port, the Israeli military said on Monday. The military said ...

 Jun 29 2015 - UK- Burundi Starts Voting in Parliamentary ElectionQatar News Agency
(MENAFN - QNA) Voting in a parliamentary election began in Burundi on Monday, the first in a series of polls whose credibility has been undermined by weeks of violent protest sparked by President ...

 Jun 29 2015 - Qatar- HE Deputy Prime Minister Meets Senegal's AmbassadorQatar News Agency
(MENAFN - QNA) HE Deputy Prime Minister and Minister of State for Cabinet Affairs Ahmed bin Abdullah Al Mahmoud met on Monday with HE Ambassador of the Republic of Senegal to Qatar Sheikh Tijani ...

 Jun 29 2015 - Israeli Forces Arrest Five Palestinians in West Bank, JerusalemQatar News Agency
(MENAFN - QNA) Israeli soldiers arrested Monday five Palestinians, including a child and a former political prisoner, in different parts if the occupied West Bank and Jerusalem. The Israeli army ...

 Jun 29 2015 - If your old bag is clean, donate it, students urgedKhaleej Times
(MENAFN - Khaleej Times) It's a season of giving and students are offered a chance to do some charity during the holy month of Ramadan.They can now donate their used bags but in good condition to ...

 Jun 29 2015 - Mohammed bin Zayed fund spent over $1.5m on endangered speciesKhaleej Times
(MENAFN - Khaleej Times) The Mohammed bin Zayed Species Conservation Fund (MZSCF) has spent more than $1.5million last year, saving threatened, endangered or nearly extinct species around the ...

 Jun 29 2015 - UAE- Nation needs energy of its citizens to continue progress, says MohammedKhaleej Times
(MENAFN - Khaleej Times) His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has received greetings on the occasion of the holy month ...

 Jun 29 2015 - UAE- MEA set to lead GDP growthKhaleej Times
(MENAFN - Khaleej Times) The Middle East and Africa region is expected to maintain the highest real GDP growth rate in the world for more than two decades, leaving behind the Asia-Pacific, the ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help