Investment in renewable energy could help countries throughout the Arab world revive their economies and attract investors, experts have said.
Nimer Abu Ali, Mena Head of Cleantech at Ernst & Young, a global professional services organisation, told Gulf News that even for countries that are not energy exporters are now able to attract investors to renewable energy, create more jobs within their country and revive their economies.
“The outlook is very very positive,” he said. “Jordan for example is the first country to announce the feed-in-tarrif system, where the government can purchase the electricity or the power from the individuals or the private sector. That is extremely important and it’s a good sign for the private sector that there is some progress in the pipeline,” he said.
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