LOC16:11
13:11 GMT
KUWAIT, Jan 5 (KUNA) -- A specialized economic report has asserted that the
time has come to exploit renewable energy sources efficiently in the Gulf
states especially as the establishment of strategic projects depends on the
energy availability.
The report, prepared by the Diplomatic Center for Strategic Studies, said
that the Gulf States possess many of the sustainable wealth that open up
sustainable development horizons for the diversification of income sources and
build a competitive economy that attracts more investment in an environment
that provides security, stability and good cost-effective revenues for all
parties.
It explained that these countries were now facing a significant
developmental stage after making significant strides in building the necessary
infrastructure as the next phase has become involved in improving aspects of
living for citizens and providing job opportunities, training and
rehabilitation to increase the productive forces of the national labor market.
It pointed out that the growth in local economies is associated with rising
energy demand from big economic projects, electricity sector and water
desalination and this would raise the consumption bill of of the natural gas
and fossil fuels on an annual basis in case of continuation of the increasing
reliance on these traditional energy-saving sources.
It said that the facts require reconsidering development of innovative
technologies and solutions in the energy sector in light of the rising
consumption of energy, saying that many strategic projects depend on the
energy availability.
It added that the renewable energy sector is one of the most promising
sectors in the Gulf States in light of availability of basic components for
its production as these countries are one of the hot areas throughout the
year, giving them successful opportunities in the possibility of exploiting
that energy properly and that would contribute to meet the needs of the
development plans of sustainable sources of clean energy. (end)
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KUNA 051611 Jan 14NNNN