The Future of Energy in Saudi Arabia

[Research Proposal]

The Future of Energy in Saudi Arabia

Introduction

This research proposal emphasizes the development of operational plans in Saudi Arabia The importance of developing Resources of the national economy through all trends and themes agricultural and industrial and human. Whereas natural resources vital energy is considered one of the vital sectors important in the state they represent artery of President in most developmental processes. However, by considering conventional energy, especially Oil primary source of energy savings that depend on it by various countries of the world and developing countries. So in order to maintain continuity energy in development taking place in Saudi Arabia, was to be inspected for ideas research and new investment are expected her to enter the local market and regional door is wide. On this basis, the issue of renewable energy and its relationship with the rationalization of electricity is considered. The main reason for this is due to that most methods of conserving energy and wealth backup will help to provide massive amounts of fossil fuels for various industrial purposes, which projected him to me reflect positively on the current oil prices.

Discussion

              This proposal examine the importance of linking scientific research with industrial production (government or private) through new investment channels; and will be a focus on the renewable energy industry and the means of rationalization of electricity and are expected of positive signs in the future. New in employment, production and economy also advance with the growing energy advancements. For example is British Petroleum successful model for oil country, has opened research activities and investment of PV energy for more than twenty years, reaching a turnover of billions of dollars so far. As this company has also opened large branches in both Australia and India, In addition to marketing activities and investment to such countries to built in local industries and strategy starting from raw material through to technically approved.



UNESCO proposals in the renewable energy industry

UNESCO has recently adopted some guidelines and instructions that can contribute to creating an atmosphere of investment in the renewable energy industry. Several states have begun interest in this new industry, and began seriously considering to enter into this vital sector is expected (such as the establishment of the Ministry of Renewable Energy in India, for example). The most important proposals and advice in this area can be summarized as follows:

Reduction of customs duties on all materials and equipment involved in the manufacturing processes.

Local investors exemption from all taxes due, and this is linked to the local economic system flexibility.

Contribution of local banks to provide loans necessary, and that the recovery of the money comfortable ranging from 5 to 10 years depending on the size of the project compound.

That the ratio of profits relatively low initial so as to move the renewable energy market.

To provide the competent authorities (such as electricity, water ...) special support for new investors in order to lower the prices of the domestic industry for renewable energy products.

Adoption of standards for marketing and export of production.

 

Foundations to invest in renewable energy and rationalization of electricity

The selection of appropriate technology in order to investment must be accompanied by first availability of raw materials in large quantities in the country, and therefore the ...