Arab World Sees $351 Billion Investment in Renewable Energy, Generating 83,000 Jobs

The Arab World attracted 360 foreign-backed renewable energy projects between January 2003 and December 2024, with investments surpassing $351 billion and creating over 83,000 jobs, according to a new report by the Arab Investment and Export Credit Guarantee Corporation. The UAE led the region in renewable energy investment over the past two decades, attracting 57 projects worth $88.5 billion, equivalent to a quarter of total investment, and creating over 16,000 jobs. Along with the UAE, four other countries —Egypt, Morocco, Mauritania, and Jordan—accounted for 248 projects, or 69% of the total, with a combined investment of $291 billion. These projects alone generated nearly 68,000 jobs, representing 82% of employment in the sector.