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BUSINESS

BUSINESS latest

GCC Mega Developments Could Generate Up to a Third of Electricity Demand with On-Site Solar, BCG Finds
July 30th, 2026 - 03:52 GMT

GCC Mega Developments Could Generate Up to a Third of Electricity Demand with On-Site Solar, BCG Finds

Large-scale urban developments across the Gulf could generate up to approximately one-third of their electricity demand while reducing costs by a similar margin, according to a new report from Boston Consulting Group (BCG) on renewable-powered cities. The report, titled Mega-Projects Powered by Renewables: A Practical Playbook for Saudi Arabia, highlights how integrating solar energy directly into development design can unlock significant economic, environmental, and operational benefits. The findings are based on modelling of large-scale developments in high-irradiance Gulf markets and reflect conditions increasingly common across the region. While the underlying ...
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The GCC’s situation is quite unique at the global level.
June 8th, 2014 - 11:23 GMT

Beyond the usual: massive surpluses await the Gulf economies

The report gave no indication of whether any change in investment strategy was envisioned.
June 8th, 2014 - 11:15 GMT

Norway, you have competition: Saudi Arabia about to launch its first Sovereign Wealth Fund

Al Bawaba
June 8th, 2014 - 11:12 GMT

The Wave Muscat to welcome first nursery in September 2014

Al Bawaba
June 8th, 2014 - 11:07 GMT

The equivalent of Jordan’s entire GDP: Libya has lost $30 billion so far in lost oil production

Al Bawaba
June 8th, 2014 - 10:48 GMT

Easiest way to get your phone hacked? Own a smart phone

Al Bawaba
June 8th, 2014 - 10:44 GMT

Etihad Airways withdraws from Skytrax

Al Bawaba
June 8th, 2014 - 10:28 GMT

Radisson Blu and Park Inn by Radisson launches exciting summer promotions for 2014

Al Bawaba
June 8th, 2014 - 10:06 GMT

Dubai Chamber discusses trade and business ties with Slovakian delegation

The Banker Middle East awards ceremony was attended by senior banking executives and decision makers from the financial industry
June 8th, 2014 - 08:33 GMT

Mashreq officially named as the Best Retail Bank in the Banker Middle East industry awards

Al Bawaba
June 8th, 2014 - 08:07 GMT

du announces a simplified portfolio of plans for postpaid customers

Al Bawaba
June 8th, 2014 - 07:43 GMT

'Friends of Egypt': King Abdullah calls Sisi to pledge economic support

Etihad Airways
June 8th, 2014 - 05:25 GMT

Etihad Airways celebrates 10 years in Germany

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