Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

KSA boosts renewableenergy investments  Join our daily free Newsletter

MENAFN - Arab News - 26/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) E Kingdom has confirmed its commitment to allocate over 109 billion of investment to develop a strong renewable energy sector by 2032 according to energy industry sources.The Kingdom's strategy targets renewable energy to contribute 20-23 percent of its energy needs with the world's most valuable company the Saudi Aramco taking the lead in the country's solar energy development.The ambitious plan is fast progressing as Saudi Aramco is already setting up a 300 MW plant the sources said.The government has also mandated the Saudi investments funds to use their substantial liquidity to partner with international renewable energy providers to cater for this rapidly growing sector.They said Saudi renewable energy investors and project holders are instructed to invest in and conduct business with viable solar businesses around the globe.The sources said that the key to achieving its potential in the solar energy market is Saudi Arabia's effective collaboration with international experts and establishing the most beneficial partnerships to further the Kingdom's objectives.'Energy summits play a vital role in providing the right introductions meeting and dialogue platforms for the development of the sector whereby the opportunities for partnerships are created" they said.
 
 


Arab News




Loading, Please wait....


 





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

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