Kuwait city: The Arab Investment and Export Credit Guarantee Corporation (Dhaman) announced that the Arab region has attracted 360 foreign renewable energy projects over the past 22 years, with investments surpassing $351 billion and creating more than 83,000 jobs.
According to Jordan News Agency, Dhaman’s second 2025 sectoral report on electricity and renewable energy, issued from Kuwait City, highlighted that Egypt, Morocco, the United Arab Emirates, Mauritania, and Jordan accounted for 248 projects, which represent 69 percent of the total. These projects have a combined value of $291 billion and have created 68,000 jobs.
The report further revealed that the UAE led the region in terms of the number of projects, investment value, and job creation, with 57 projects worth $88.5 billion and over 16,000 jobs. Additionally, Saudi Arabia’s ACWA Power ranked first in the number of projects with 20, while the UAE’s Infinity Power topped investment value at $34 billion, and India’s Acme Energy led in job creation with 4,000 jobs.
Dhaman also noted that only five Arab countries-the UAE, Saudi Arabia, Bahrain, Jordan, and Egypt-have invested in 90 intergovernmental renewable energy projects worth $113 billion. These projects account for a quarter of all foreign projects and have created 22,000 jobs.
Fitch Ratings identified the UAE, Saudi Arabia, Qatar, Kuwait, and Oman as the most attractive Arab markets for electricity and energy investment in 2025. They were followed by Morocco, Egypt, and Algeria in terms of market attractiveness.
The report projected electricity generation in 15 Arab countries to rise by 4.2 percent, reaching more than 1,500 terawatt-hours (TWh) this year, with a further increase expected to reach 1,754 TWh by 2030. Consumption is anticipated to rise by 3.5 percent to 1,296 TWh this year, with Saudi Arabia, Egypt, the UAE, Algeria, and Kuwait accounting for 74 percent of the total. Per capita electricity generation is forecast to increase to 8.6 thousand kilowatt-hours this year and 9.6 thousand kilowatt-hours by 2030.
Dhaman reported an 8 percent increase in Arab foreign trade in electricity and power-generation equipment, amounting to $39 billion last year. The UAE, Saudi Arabia, Morocco, Iraq, and Qatar accounted for 81 percent of this trade. Exports rose by 9 percent to $7.6 billion, while imports increased by 7.8 percent to $31.5 billion. Turkey emerged as the largest electricity exporter to the region, and the United States was the leading supplier of power-generation equipment.
Dhaman, established in 1974 and headquartered in Kuwait, is recognized as the world’s first multilateral investment insurance agency, jointly owned by Arab countries and four Arab financial institutions.