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Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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Total assets increase by 11 percent.

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Which GCC countries have largest renewable capacity?

From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
  • Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
  • More and more industries in the UAE are embracing solar in a big way as power demand rises

The members of the Gulf Cooperation Council (GCC) have for quite some time trying to diversify their economies as well as do their bit for climate change.

To that end, these countries have been trying to scale up their infrastructure to produce energy from renewable sources.

From solar farms to wind energy, the infrastructure is being put in place at varying paces by these nations.

They are even looking to increasingly manufacture elements that could be used in such energy production.

For example, Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth.

The move is expected to help the country diversify its economy and increase public and private investment opportunities to more than $30 billion by 2025.

Meanwhile, as the UAE sees the need for electricity rise hand in hand with industrialization and development, more and more industries in the country are embracing solar in a big way.

The sustainable sources and the competitive price are not hurting the trend either.

Here’s a closer look at which countries in the GCC are leading the grouping in renewable energy production: