US investment firms see clean energy potential in Middle East

Half of US investment companies are ready to invest in renewables in the UAE, Saudi Arabia and Qatar, finds a survey, as experts warn these countries’ reliance on fossil fuels threatens their fiscal sustainability if they do not change course

Nearly half of US-based investment companies are ready to invest more in the Middle East if countries in the region show “a clear commitment at COP28 to hitting the international community’s climate goals”, show the results of a survey.