OPEN is celebrating its successful participation at the recent Middle East Investment Summit 2015 in Dubai, one of the region's key investment events. As a sponsor of the prestigious Summit, OPEN was in a unique position to highlight our dynamic global brand alongside leading financial firms including Julius Bär and private bank Mirabaud, among other sponsors.
The Middle East is undergoing a significant shift as it expands in its investment and deployment of renewable energy resources. Several of the region's countries are of course among the world’s largest producers of oil and gas, meaning that fossil fuels are likely to always meet a significant part of regional energy requirements. Nonetheless,there is a general consensus within the Middle East that renewable energy needs to be part of the energy mix to help ensure energy security and to diversify revenue streams.
Many of these countries have climate conditions that are exceptionally conducive to renewable energy along with vast amounts of space in which to install clean energy projects, not to mention economic incentive to do so.