Gulf Countries to Invest $200 bn into Energy Sector

The GCC countries are prepared to invest in the energy sector as there is a global trend to raise investment to cover the $40 billion required in the sector.... Dr Abdullah Al Amiri, chairman of the Emirates Energy Award, told Gulf News that this amount would be invested "in the next 10-12 years to meet the increase in the Gulf energy consumption." ...While solar energy accounts to only one per cent of world's energy sources at the moment, investments are expected to increase in the sector by almost 50 per cent in two years.

.Trailing the international trend towards renewable energy, the GCC countries are also heading in the greener direction. Read more about: Gulf countries will invest about $200b to boost energy output.