They added: "The local market is witnessing a great momentum in solar energy systems, which have become easier and faster to implement, as well as in light of the early steps taken by the UAE to adopt clean energy technologies."
Mohammed Younis, Regional Sales Manager of UK Solar Power, said: "The markets are witnessing a growth in demand for solar panel systems sales by up to 40 per cent during the recent period, supported by the UAE's sustainable trends and the high awareness of individual and corporate customers, in addition to the factor of the decline in the cost of panels globally, by about 7 per cent, and its reflection on the cost of supply to the region's markets", Al Khaleej reported.The South Korean-owned automotive supplier, BC GEN Hungary Kft., has announced a new investment of HUF 21 billion, which will create 400 new jobs in Salgótarján. The announcement was made by Minister of Foreign Affairs and Trade Péter Szijjártó in Budapest on Tuesday.
In recent years, China has pivoted its investment strategy in Central Asia, particularly in Kazakhstan and Uzbekistan, towards renewable energy projects. Notably, agreements were signed in 2023 for Chinese companies to build substantial solar photovoltaic plants in multiple Uzbek regions, representing a total of $4 bn in investment.
Japan welcomed a record 17.78 million foreign visitors in the first half of 2024, the country’s tourism agency has said, as the weak yen helped drive tourist numbers above pre-pandemic levels.