Page 37 - Trends
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Clean energy is another sector that is ex-
           panding exponentially as the region requires
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           in the region.
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           portfolio with long-term commitment of   For a greener tomorrow
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           HOHG  DFURVV  PDQ\  VHFWRUV   VFKRROV  KDYH   483GW        61GW                    90 percent
           NHSW VRPH LQYHVWRUV JRLQJ GXULQJ GLIÀFXOW   Clean energy sector   Solar power is expected   Photovoltaic solutions
           WLPHV µ VD\V 'DYLG $OOLVRQ  &(2 RI 66$7   requires 483GW of   to add around 61GW in   companies have attracted nearly
           Middle East, an educational consultancy.  generation capacity   the Middle East by 2035   90 percent of green project
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           and propelled the growth of hospitality
           DQG UHWDLO VHJPHQWV DORQJ  7KH 81 :RUOG   Clean energy is another sector that is expanding exponentially
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           JLRQ  WR  KRVW       PLOOLRQ  LQWHUQDWLRQDO   as the region requires 483GW of generation capacity by 2035.
           tourists —  DOPRVW WULSOH WKH SUHVHQW YRO
           XPH RI    PLOOLRQ —  E\       5LGLQJ   SDU ZLWK WKRVH RI GHYHORSHG QDWLRQV  'H   Digital revolution
           KLJK RQ WKH LQFUHDVLQJ WRXULVW LQÁRZ  WKH   spite weaker market sentiments, this cor-  McKinsey Middle East Digitization Index
           GCC hospitality industry is expanding   porate segment has seen increased capital   IRUHFDVWV WKH 8$(  4DWDU  DQG %DKUDLQ WR
           ZLWK PRUH WKDQ     SURMHFWV FXUUHQWO\ XQ   ÁRZ DQG HQKDQFHG IRRWIDOO RI VKRSSHUV LQ   be among the top countries in the world
           derway to accommodate the growing ar-  the region.                      ZLWK     SHUFHQW VPDUWSKRQH SHQHWUDWLRQ
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           also gaining pace. Existing malls and      160 PERCENT            $300 BILLION            160 MILLION
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           WDLO PDUNHW WR EHFRPH D QHDUO\      ELO   Projects worth $2.6 trillion,   Existing malls and upcoming   Bahrain is expected to
           OLRQ LQGXVWU\ LQ          7KH UHJLRQ·V K\   equivalent to this percent of   ones will push the   comprise this number of digital
           permarkets and supermarkets, especially   the GCC region’s GDP, are   region’s retail market to   users by 2025, who could
           WKH RQHV LQ WKH 8$( DQG 6DXGL $UDELD    being pursued in the regional   become worth this amount   contribute up to 3.8 percent
           dominate the retail space with their high   construction market.  industry in 2018-19.  annually in the GDP.
           per capita transactions being almost at


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