The global focus on investing in cleantech approaches to energy, and in turn diverging away from oil and gas, has not been lost on GCC territories with deep roots in traditional industry and infrastructure, such as Saudi Arabia.
While there has indeed been a global boom in the number of sites in which sources such as solar energy are farmed, markets that are dependent on oil and gas have traditionally been slow to adapt and invest in cleaner renewable forms of energy. Reports insinuating that formal regulatory initiatives should be taken have become somewhat common in the drive to wean global dependence off oil and gas supplies.
But GCC markets have more reason than most to take notice to this than others; acknowledging that diversifying away from oil, a huge source of revenue for territories such as UAE or Saudia Arabia, is only half the story, when we consider that the landscape is perfect for solutions such as solar and wind energy. Research from EY would suggest that six out of the top ten territories with the highest potential for renewable energy investments are located within the GCC. Beyond this, the report suggests that investing into cleantech solutions is invaluable for countries that are facing a growing, aging, and increasingly diverse population.
Although solar and wind farms are not a brand new introduction to the region, their presence is constantly growing. US based cleantech firm Natcore has recently been named as a technical adviser for new Middle Eastern solar projects, hoping to take advantage of new technologies and revolutionise the landscape of renewable energy in the region. These types of projects are incredibly lucrative, and therefore, accessing the opportunity to participate is highly coveted.
However, identifying a venture and an appropriate investor is no simple task. Even when the technology is right, and an investor is willing, relationships are still absolutely key to creating a successful venture. Naseba has the insight, and the connections, to make those relationships possible.
On February 21st-22nd 2017 Naseba will be conducting a two-day technology investor meeting, taking place in both Dubai, UAE, and Riyadh, Saudi Arabia, introducing pre-screened investors to pre-qualified investment opportunities from around the world. Committed to assisting in the identification of both regional and national investors, Naseba is ready to create the perfect investment platform for cleantech in the Middle East.
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Naseba investor introduction
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