
Gulf states turn from oil to embrace the energy transition
The UAE and Saudi Arabia are positioning state-backed companies to be global leaders in the energy transition away from hydrocarbons.
The UAE and Saudi Arabia are positioning state-backed companies to be global leaders in the energy transition away from hydrocarbons.
Saudi Arabia’s ambitious, but patchy, departure from oil dependence will simultaneously weaken and diversify its geopolitical toolkit.
If the government wants to realise even part of its Green Industrial Revolution it will need to attract significant FDI and support the creation of a local supply chain for emerging technologies.
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