An official gives a speech during a ground-breaking ceremony for the fourth phase of a solar panel park in the United Arab Emirates in 2018. The oil and gas-rich UAE and Saudi Arabia are both in the process of signing renewable energy deals with Central Asian nations. Photo: EPA-EFE
UAE and Saudi Arabia invest in Central Asia renewable energy deals, with Russia’s blessing
- Oil-rich nations signing huge green energy deals with the likes of Azerbaijan, Kazakhstan in a China Belt and Road region that Moscow politically dominates
- State-owned firms can make such investments as their governments have decided not to abandon their Russia investments or curtail relations over Ukraine, says analyst
An official gives a speech during a ground-breaking ceremony for the fourth phase of a solar panel park in the United Arab Emirates in 2018. The oil and gas-rich UAE and Saudi Arabia are both in the process of signing renewable energy deals with Central Asian nations. Photo: EPA-EFE