Middle East and North Africa embrace cleantech

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With an abundance of natural resources and space for large-scale development, the Middle East and North Africa (MENA) region is primed to become one of the fastest cleantech growth markets. There is a mounting demand from financers who want to invest in this region and from the hundreds of millions who live there.

Over the next five years, the top three technologies in terms of market potential are water, solar and energy-efficient and green buildings.

This article examines the potential for cleantech from a variety of perspectives, such as, the differing needs of the 18 countries within the MENA region, the factors that are hindering progress, the associated cost in comparison with other sources of power and the developments currently taking shape.

Opportunities to provide access to affordable and secure low-carbon energy are continuing to increase. Industry executives expect a rapid growth in the cleantech contribution. But the most valuable lesson from the past years’ learning and experience is that it will take a robust regulatory framework to create confidence among investors and contractors.

The article was written by:

  • Nimer AbuAli
    Cleantech Director, EY, Middle East and North Africa

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