Submitted by digitalfreelancer on Thu, 07/13/2023 - 10:38
In October 2022, Oman joined the UAE and Saudi Arabia in becoming the third GCC country to commit to achieving net-zero emissions by 2050, in alignment with the goals of the Paris Agreement.
The Gulf Cooperation Council (GCC) economies represent an enormous opportunity for EIC members. As the region pivots from fossil fuels, GCC states are well-positioned to lead the energy transition through clean hydrogen development and strong policy support.
Across the region, the political will to decarbonise at pace is lining up investors. And although ambitions vary among countries, as do market size and readiness, there is a prevailing sense of dynamism.
But which markets should you consider exporting to in 2023? Oman, Saudi Arabia and UAE, says Wan Afiq, Energy Analyst for Middle East and North Africa at EIC
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