The opportunity
Market info
The opportunity
The country has adopted a three-pronged approach to achieve net-zero: optimizing energy demand, diversifying energy mix (clean energy) and deploying carbon abatement technologies.Â
Access to wider markets:
Because of its geographical advantage, Bahrain is referred to as a gateway to major markets in the Middle East including the vast Saudi Arabia The country has adopted a three-pronged approach to achieve net-zero: optimizing energy demand, diversifying energy mix (clean energy) and deploying carbon abatement technologies. Bahrain's electricity and water master plan has projected that the summer peak demand will reach 6.5 GW in 2030 from 3.4 GW in 2016. It opens huge opportunities for non-oil power generation stakeholders. This translates to rising opportunities for end-to-end services such as consultancy, system design, equipment procurement, project management, technology, plant installation, maintenance, etc. Also will be expert service requirements for outcome-based assessments through sustainability experts and related reports. Although Bahrain has 53 EWA accredited contractors and 93 consultants, the scale of development opens opportunities for global participants.
Favorable factors
- Growing economy
- Geographical advantageÂ
- Business friendly environment
- Accelerating policiesÂ
- Favorable regulatory supportÂ
- Robust start-up ecosystemÂ
- Innovation hub for clean technologiesÂ
- Wider market access (middle eastern countries)Â
- Advantage of Bahrain being the financial hub