In this Global Platform video, Suliman Al Khliwi, Managing Director, Saudi Tabreed, discusses how district cooling can offer numerous advantages over conventional cooling in the GCC. District cooling is more cost efficient than conventional cooling, with the ability to serve major projects under development in the region. It is also more energy efficient and has fewer negative environmental impacts,
The current pandemic has affected every economy by disrupting the standard way of life. Critical sectors such as Healthcare, BFSI, Telcos, Retail, and Government are now dealing with new regulatory & compliance risks, money laundering, and cyber criminals that have adapted to the ‘New Normal. Especially, countries from the Middle East, North Africa, and Pakistan are leading in the front line…
Kuwait’s economy relies heavily on hydrocarbons-related industries, and while plans are in place to transition to more renewable sources, medium-term development strategies will see oil and gas extraction, processing and capacities ramped up, with the revenue channelled into the government’s industrial diversification drive. Downstream chemicals and petrochemicals production forms the backbone…
Kuwait is largely reliant on oil for exports, government revenue and GDP contribution. The country is therefore particularly sensitive to fluctuating global hydrocarbons prices and the long-term financial risks associated with the global shift towards lower-carbon sources of energy. Transitioning towards a more diversified and sustainable energy mix is an ongoing challenge for the country, as for much…
As Saudi Arabia moves to diversify its economy and reduce its reliance on oil revenue, the energy sector is set to remain of paramount importance to future development. The Kingdom is positioning itself to increase its oil exports over the coming decade in a move expected to help the country maintain its role as a reliable and versatile global supplier in an increasingly uncertain market. Government-owned…
Interview:Robert Wilt What role does the mining sector play in economic diversification, and what more can be done to integrate local companies in downstream value chains? ROBERT WILT: The mining industry is vital for the energy transition and prosperity in the Kingdom, and around the world. Mining opportunities in the Kingdom are valued at SR4.9trn ($1.3trn). To enable the development of the…
Interview:Suliman Almazroua Where do you see opportunities to boost the value and competitiveness of the Kingdom’s exports? SULIMAN ALMAZROUA: Saudi Arabia’s natural resources, including its hydrocarbons and mineral deposits, serve as the basis of efforts to develop downstream industries that further strengthen supply chains and drive economic diversification. In addition to the scale of…
After opening 2022 at around $78 per barrel, Brent crude oil prices rose sharply over the next few months to surpass $127 on March 8 – the highest price in 14 years, driven in part by Russia’s invasion of Ukraine – before moderating slightly to around $106 as of mid-March. Although investment in oil and gas has fallen by about 30% since the outbreak of the Covid-19 pandemic, there are signs that…
Interview:Turki Al Shehri How do you assess the potential of green hydrogen as a viable energy alternative? TURKI AL SHEHRI: Green hydrogen has significant potential in Saudi Arabia, largely because the necessary infrastructure for it is already in place. The Kingdom exports hydrocarbons to many countries around the world, so, as such, the mechanisms and partnerships to export green hydrogen…
With hydrocarbons-rich countries in the Gulf increasingly looking to reduce their carbon emissions, some in the region are turning to multi-coloured hydrogen as a more environmentally sustainable solution. Along with renewable sources like solar and wind, hydrogen is regarded as a potential low-carbon or zero-carbon fuel that is key to the transition away from fossil fuels. However, different types…