Although Middle East leads in the production of global oil and gas, it was identified as the second most popular region, for low-carbon investment by G20 respondents. Asia-Pacific and Latin America are the biggest investors in the energy transition in the Middle East, with 33 per cent and 32 per cent investments respectively. A wing of European companies is also on the lookout for investments upto 37 per cent in the Middle East, in the coming five years. However, companies in the Middle East are less likely to invest in their indigenous market. Although the Middle East as a whole is seeing investment in the energy transition, there is a huge disparity between the countries.

Source: The North Africa Journal May 25, 2020 12:22 UTC