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Read the September 2024 MEED Business Review

4 September 2024

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Electric vehicle (EV) adoption in the GCC is accelerating. The number of EVs on Dubai's roads rose 72% between year-end 2022 and the end of 2023, suggesting that the city's obsession with fast and expensive sports cars and fuel-inefficient four-by-fours could soon be just a speck in the rearview mirror.

The September issue of MEED Business Review looks at the future of EVs in the GCC and finds that the region is on the cusp of an EV production boom. 

As governments around the region drive forward their sustainable transport policies in line with their goals of reducing carbon emissions and transitioning away from fossil fuels, cohesive policies will prove key to smoothing out what has so far been a bumpy road for hybrid and electric vehicles.

This support for greener transportation options, combined with energy and economic diversification programmes and ambitious industrialisation plans, has also spurred major investments in EV production. As of July, in Saudi Arabia and the UAE planned projects related to the construction of manufacturing and assembly plants for hydrogen-powered and EVs have a total combined capacity of close to 400,000 vehicles a year.

In MEED's latest issue, we also delve into the downstream sector, where China is expected to lead the increasing global demand for liquefied natural gas (LNG) in the coming decade and hydrocarbons producers in the GCC have committed billions of dollars to rapidly expand their LNG production capacities.

Meanwhile, this month's exclusive 15-page market report highlights Kuwait, where prospects are taking a positive turn as the fiscal deficit is pushing the country towards reforms and the suspension of parliament looks set to ignite the projects market.

In addition, our latest issue is packed with insight and analysis. The team assesses the outlook for the project to expand production facilities at Iraq's Khor Mor gas field and discovers how security concerns are threatening the prospects of Libya's oil sector.

This month's issue also features a round-up of the top 15 stadiums being built or refurbished in Saudi Arabia in preparation for the kingdom's hosting of football’s Fifa World Cup 2034. We also examine how communication gaps are hindering Saudi gigaprojects and find out what the region can do to successfully navigate the impact of digital currencies on foreign exchange markets.

What's more, the September issue includes an interview with Diriyah Company’s chief development officer, Mohammed Saad, about legacy building at the Saudi gigaproject.

We hope our valued subscribers enjoy the September 2024 issue of MEED Business Review. 

 

Must-read sections in the September 2024 issue of MEED Business Review include:

> AGENDA: 
> GCC ponders electric future
> Region on the cusp of EV production boom

> CURRENT AFFAIRS:
> Outlook uncertain for Iraq gas expansion project
> Security concerns threaten outlook for Libyan oil sector

INDUSTRY REPORT:
Analysis of the outlook for the downstream sector
> Global LNG demand set for steady growth
> Region advances LNG projects with pace

> SAUDI GIGAPROJECTS: Communication gaps hinder Saudi gigaprojects

> INTERVIEW: Legacy building at Diriyah

> SAUDI STADIUMS: Top 15 Saudi stadium projects

> LEADERSHIP: Navigating the impact of digital currencies on forex markets

> KUWAIT MARKET REPORT: 

> COMMENT: Kuwait’s prospects take positive turn
> GOVERNMENT: Kuwait navigates unchartered political territory
> ECONOMY: Fiscal deficit pushes Kuwait towards reforms
> BANKING: Kuwaiti banks hunt for growth 
> OIL & GAS: Kuwait oil project activity doubles
> POWER & WATER: Kuwait utilities battle uncertainty
> CONSTRUCTION: Kuwait construction sector turns corner

> MEED COMMENTS: 
> Saudi World Cup bid bucks global trend for sporting events
> Finance deals reflect China’s role in delivering Vision 2030
> Harris-Walz portents shift in US policy on Gaza
> Aramco increases spending despite drop in profits

> GULF PROJECTS INDEX: UAE leads slight dip in market

> JULY 2024 CONTRACTS: Saudi Arabia boosts regional total again

> ECONOMIC DATA: Data drives regional projects

> OPINION: The beginning of the end

> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts

To see previous issues of MEED Business Review, please click here
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