GCC Clean Energy, GCCCE
Welcome to the GCC Clean Energy GCCCE
GCC Clean Energy as part of GCC Global Business Invest GCCGBI, is the "One Stop Shop" for Clean Energy Investment in GCC - Kingdom of Bahrain, Kingdom of Saudi Arabia, Kuwait, Sultanate of Oman, Qatar, UAE.
The three pillars of GCC Clean Energy are:
1. GCC Clean Energy Investment
2. GCC Clean Energy Investment Projects
3. GCC Clean Energy Investment Promotion
GCC Clean Energy brings you to the billion Clean Energy Market in GCC States and makes you part of it.
GCC Clean Energy NEWS
The UAE and KSA expected to dominate energy project spending with a combined forecast of US$542 billion by 2013
To many the GCC energy project market has become somewhat synonymous with the word ‘opportunity’. Following in Qatar’s footsteps, the past few years has seen the UAE and Saudi Arabia invest considerable amounts of capital in developing their upstream, midstream and downstream energy and energy related industries. Between 2008 and Q3 2010, these two countries, led by the UAE, have dominated the GCC project landscape, awarding close to three quarters of the total value of projects within the region.
Over the past three quarters the GCC market continues to show positive signs with the announcement of over $165bn worth of projects due for award by Q4 2013. Given the fact that Saudi Arabia’s growth strategy and plans seem to now be in full swing, it is probably not a surprise that it alone is responsible for the majority, 44%, of these new announcements.
Energy still king in KSA
As we reach the half-way point for this year, we see that the index for energy & utilities companies on Saudi’s Tadawul stock exchange has seen a greater rise than that of any other sector so far this year in the Kingdom. Energy & utilities has risen by 14.76%, clearly outstripping the petrochemical company index, which has risen 3.68%. (The two other big risers that come close to E&U, incidentally, are retail – 10.37% - and agriculture & food – 9.67%) At the very end of 2009 the index sat at 4,210.69, and three days ago reached its highest level for the year, at 4,915.92.
There is talk of Saudi Aramco deploying over 100 exploration drilling rigs by the end of the first quarter next year, and major project awards have been forthcoming from Abu Dhabi. Companies which have ridden out a period in which collections, or rather payment for work done, has been a major problem should take some respite from the fact that, on the whole, energy has now normalised, and those payment strains should begin easing from the top down. >>>
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World Future Energy Summit
Jan 17-20, 2011 Abu Dhabi
IEEE ENERGYCON 2010
Dec 18-22, 2010 Bahrain
GCC Power 2010 Conference
Oct 18-20, 2010 Qatar