Khaberni – The Arab Investment Guarantee and Export Credit Corporation (Dhaman) revealed that the renewable energy sector in the Arab region attracted 360 foreign projects, with an investment cost exceeding $351 billion, and created more than 83,000 jobs, from January 2003 to December 2024.
The report, which focuses on four main pillars, namely “electricity generation capacities and their consumption in Arab countries until 2030, foreign trade in electricity and power generation equipment for 2024, foreign projects in the renewable energy sector, and the assessment of investment and business risks in the electricity and energy sector in 2025” – stated that the UAE topped the list as the most important investing country in the region in the renewable energy sector over 22 years, according to the number of projects and investment cost and number of jobs at 57 projects representing 16% of the total, with a value exceeding $88.5 billion, accounting for 25% of the total, and these projects provided more than 16,000 jobs.
The institution explained in its second sector report for 2025 on the electricity and renewable energy sector in Arab countries, issued yesterday from its headquarters in Kuwait, that five Arab countries, including the UAE, Egypt, Morocco, Mauritania, and Jordan, attracted 248 foreign projects during the same period, representing 69% of the total, with an investment cost of about $291 billion accounting for 83%, and these projects provided about 68,000 jobs, representing 82% of the total.
The report indicated that the top 10 companies investing in the renewable energy sector in each index accounted for about 25% of the number of implemented projects, 40% of the investment cost, and 38% of the total new jobs created. Saudi’s “ACWA Power” topped the list according to the number of projects with 20 projects representing 6% of the total, while “Infinity Power” from the UAE topped the list as the biggest investor in terms of the estimated investment cost with $34 billion, accounting for nearly 10% of the total, while India’s “ACME” took the lead according to the number of new jobs created with four thousand jobs, representing about 5.2% of the total.
The report clarified that only five Arab countries, namely the UAE, Saudi Arabia, Bahrain, Jordan, and Egypt, invested in 90 joint projects in the renewable energy sector, representing about 25% of the total foreign projects in the sector over 22 years, and their investment cost was about $113 billion, representing about 32% of the total cost of foreign projects in the sector, and provided about 22,000 job opportunities.
Regarding investment risks and incentives in the electricity and energy sector in 14 Arab countries, according to “Fitch” agency, which were observed through two indices for assessing risks and incentives for 2025, the UAE, Saudi Arabia, Qatar, Kuwait, and Oman were at the forefront of the Arab ranking as the most attractive countries for investment in the electricity and energy sector, followed by Morocco, Egypt, and Algeria.
