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    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Arab states imported 1.73 million agricultural commodities from Egypt

    Arab states imported 1.73 million agricultural commodities from Egypt

    Wheat yield boom boosts Oman’s food security

    Wheat yield boom boosts Oman’s food security

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

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    • Business & Economy
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      Saudi: 53 new industrial licenses issued in April 2023

      Saudi: 53 new industrial licenses issued in April 2023

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Saudi transport authority approves 15 licensing, technical guides for railways

      Saudi transport authority approves 15 licensing, technical guides for railways

      Number of industrial decisions up by 10.56% to 356 in 2021

      Number of industrial decisions up by 10.56% to 356 in 2021

      Egypt’s macroeconomic conditions improving, says minister

      Egypt’s macroeconomic conditions improving, says minister

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

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      • CES 2017
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      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Oman releases more Sultan Haitham City details

      Oman releases more Sultan Haitham City details

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

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        NEOM’s green hydrogen project is formally under execution: ACWA Power

        NEOM’s green hydrogen project is formally under execution: ACWA Power

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Total-led consortium to start drilling offshore Lebanon in September

        Total-led consortium to start drilling offshore Lebanon in September

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        • Hospitality
          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
          • All
          • Agriculture
          • Environment
          • Food
          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Arab states imported 1.73 million agricultural commodities from Egypt

          Arab states imported 1.73 million agricultural commodities from Egypt

          Wheat yield boom boosts Oman’s food security

          Wheat yield boom boosts Oman’s food security

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Saudi: 53 new industrial licenses issued in April 2023

            Saudi: 53 new industrial licenses issued in April 2023

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Saudi transport authority approves 15 licensing, technical guides for railways

            Saudi transport authority approves 15 licensing, technical guides for railways

            Number of industrial decisions up by 10.56% to 356 in 2021

            Number of industrial decisions up by 10.56% to 356 in 2021

            Egypt’s macroeconomic conditions improving, says minister

            Egypt’s macroeconomic conditions improving, says minister

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Oman releases more Sultan Haitham City details

            Oman releases more Sultan Haitham City details

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              NEOM’s green hydrogen project is formally under execution: ACWA Power

              NEOM’s green hydrogen project is formally under execution: ACWA Power

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Total-led consortium to start drilling offshore Lebanon in September

              Total-led consortium to start drilling offshore Lebanon in September

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Bahrain developing a viable alternative energy

              OBG

              October 12, 2012
              in Power & Electricity, Renewable Energy
              0
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              The Kingdom has edged one step closer to developing a viable alternative energy infrastructure with its implementation of a solar energy project in the Awali Township of Manama. The 5MW, utility-scale photovoltaic solar facility was arranged as a joint venture between the National Oil and Gas Authority (NOGA), the Bahrain Petroleum Company (BAPCO), Caspian Energy Holdings and Petra Solar. The project marks one of the Gulf region’s first tendered utility-scale solar project.

              The project may serve as a pioneer for the establishment of a local renewable energy market

              The pilot venture is currently in the developmental phase, with the facility’s functionality and cost-effectiveness within the macro energy sector yet to be determined. Pending proper execution, however, the project may serve as a pioneer for the establishment of a local renewable energy market.

              According to Abdul Hussain Ali Mirza, the minister of state for electricity and water affairs, “Following a successful implementation of this pilot project, we expect other projects to follow in the near future. Through strategic alliances with technologically advanced partners, NOGA aims to diversify the energy supply sources that will help achieve the goals of Bahrain Vision 2030.”

              Vision 2030, a comprehensive plan for economic development through 2030, includes a benchmark for 5-7% of installed capacity to stem from renewable sources

              The Kingdom currently meets its domestic electricity demand exclusively with fossil fuels – 85% from natural gas and 15% from oil. Vision 2030, a comprehensive plan for economic development through 2030, includes a benchmark for 5-7% of installed capacity to stem from renewable sources.

              Yet cost-effectiveness remains a crucial factor for fully integrating an alternative energy infrastructure. Bahrain currently enjoys an adequate supply of natural gas – 1.7bn standard cu feet per day – to meet its industrial, manufacturing and domestic electricity demands. Although the government has moderately raised the price of gas to $2.25 per million British thermal units, an energy subsidy continues to keep the price low, which inhibits the development of a sizable market for alternative energy.

              In addition to the subsidy, the Kingdom is actively engaged in increasing its oil and gas supply through various enhanced oil recovery (EOR) techniques, undertaken by the government’s upstream exploratory company, Tatweer, as well as through the development of a large-scale liquefied natural gas import terminal. Tatweer’s success in increasing fossil fuel production is likely to ensure the role of fossil fuel as the most cost-effective power source at the consumer level for some time to come.

              Secondary obstacles to an alternative energy segment include high real estate prices and the lack of a legal framework. Land is limited on the 765-sq-km island, and renewable energy projects, particularly solar, require sizable areas for development.

              There is an absence of legislation regarding a formalized process for integrating electricity output from renewable plants to the grid

              Bahrain also lacks formal legislation that would better facilitate sector development, such as tax incentives or the re-selling of carbon dioxide no longer being used back to the state’s electric grid network. Similarly, there is an absence of legislation regarding a formalized process for integrating electricity output from renewable plants to the grid.

              Although the obstacles to wide-scale renewable energy remain significant, the market conditions for renewable technology are continually improving. "In just the past two years, the cost of producing 1 MW of solar energy using American technology has dropped to $2m from $3m,” Rob Sobhani, the president of Caspian Energy Consulting, told CNN in mid-August. “The price of smart grid technology has fallen to $5m per MW from $6m per MW.”

              Another policy trend linking to smart technology is Bahrain’s eGovernment initiatives, which aim to apply smart grid technology to several components of infrastructure, such as street lighting, parking meters, automated management systems, and perhaps electric vehicles. The increasingly more affordable technology used for the Petra Solar project may have an important ripple effect for public service systems across Bahrain.

              Middle East plan to invest around $500bn in solar energy over the next two decades

              “By conservative estimates from private and government experts, countries in the Middle East plan to invest around $500bn in solar energy over the next two decades,” said Sobhani. With high solar energy performance indicators (a global horizontal irradiance of 2160 kWh per sq meter per year and a direct normal irradiance of 2050 kWh per sq meter per year), growing electricity consumption rates, a renewed debate on subsidy reduction, and uncertainty regarding future domestic energy production and foreign gas suppliers, Bahrain possesses strong potential to develop a viable renewable energy market, with solar energy in particular key to potential future success.
              Oxford Business Group
              12 October

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