This paper on Smart Grid Technology in the GCC,
- Illustrates opportunities and challenges in the GCC’s Smart Grid Industry.
- Explores current developments and Vision for GCC’s Smart Grid industry.
- Provides suggestions & recommendations to organizations looking to develop their market presence in the GCC’s Smart Grid Market.
GCC countries are the world’s highest consumers of energy per capita with the average annual per capital consumption being close to 11MWh. They also rank amongst the highest per capita carbon emitting countries. All GCC governments are creating, implementing and monitoring long term plans which emphasize on developing a green and sustainable energy industry. GCC countries have taken various initiatives that demonstrate their drive and commitment towards green, sustainable & efficient energy. Their seriousness to move towards green & sustainable energy solutions can also be seen through their investments in Smart Grid Technologies. The Road map for Smart Grid Technologies development in the GCC can be divided into 3 stages. However, massive efforts are required in order to meet the ambitious visions and targets the GCC countries have committed themselves too. This is an excellent business opportunity for smart grid service providers to enter the GCC market which includes UAE (Dubai & Abu Dhabi), Saudi Arabia (Riyadh, Jeddah, Mecca), Qatar (Doha), Oman (Muscat), Kuwait & Bahrain.