In the past decade, we have seen the transformation of Clean Tech and Renewable Energy from concepts on the drawing board into fast-growing businesses.
The six countries (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain and Oman) of the Cooperation Council for the Arab States of the Gulf, otherwise colloquially known as the Gulf Cooperation Council collectively represent around 30% of global oil production and are estimated to collectively have the world’s largest oil reserves.
Traditionally, according to Deloitte’s “Energy on demand: the future of GCC energy efficiency” 47% of energy demand comes from residential use with per capita consumption estimated to continue to grow at 2.5% a year. In the past, this has seen an over reliance on the resource in the region as consumer energy needs continued to grow.
More recently, like in the rest of the world, the GCC has witnessed a transformation and a push toward Clean Tech and Renewable Energy from concepts on the drawing board into fast-growing businesses.
On a Global Scale, Investments from governments, Private Equity and corporate companies are fueling the industry and increasing the demand for senior leadership. We have seen executive talent migration from industries such as Telecommunications, IT and Automotive.
Driving scalability and commercial results are the two key challenges facing the leaders in the industry.
Looking at the region specifically Saudi Arabia has pledged to spend 7 billion dollars in 2018 on solar energy. Additionally, the UAE has also pledged to spent 163 billion dollars over the next three decades.
In several cases, Amrop has assisted our clients in providing senior proven entrepreneurial leadership, which can lead development and commercialization of new technologies and business models. Let Amrop Saudi Arabia combine its global expertise in the energy sector along with its local insights on the GCC to help you find the leaders for what’s next.
Clean Tech and Renewable Energy includes:
- Smart Grid
- Energy Storage
- Energy Efficiency
- Recycling and Waste
- Water and Wastewater
- Biofuels and Biomass Generation
- Advanced and Green Materials.