Publications

The Role of Petrochemical Sector Exports in the Diversification of the Saudi Economy: A Scenario Analysis of Foreign and Domestic Price Shocks

Fakhri Hasanov, Muhammad Javid, Heyran Aliyeva

Diversification of the economy, including exports, is a core goal of Saudi Vision 2030 (SV2030). The petrochemical sector can considerably contribute to the Kingdom’s diversification strategy, as it holds a substantial share in non-oil exports. First, this study econometrically estimated…

Hasanov, Fakhri

Javid, Muhammad

Heyran Aliyeva

Household Expenditure Survey, Housing and Energy Costs in Saudi Arabia

Zlata Sergeeva, Jeremy Rothfield

The Household Income and Expenditure Survey for Saudi Arabia was conducted by statistical agency GASTAT in 1999, 2007, 2013 and 2018. In this economic commentary, we discuss some of the key findings and developments over the period under consideration. We…

Sergeeva, Zlata

Rothfield, Jeremy

Employment Potential of Renewable Energy in Saudi Arabia: A Value Chain Analysis

Cian Mulligan

Localization and local content mandates are an increasing presence in the global investment landscape, and the development of local content policy in Saudi Arabia will be an important factor in the lasting legacy of Vision 2030. While virtually all industries…

Mulligan, Cian

Smart Cities from an Indian Perspective: Evolving Ambitions

Yagyavalk Bhatt, Jitendra Roychoudhury

Indian urban infrastructure is in the middle of a massive build-up. For several decades, Indian cities were caught between the demands of an exploding population and the need to provide infrastructure in terms of health, education, transport, and services to…

Bhatt, Yagyavalk

Roychoudhury, Jitendra

Closing the Investment Gap to Achieve Paris Agreement Goals

Fatih Yılmaz, Fahad A. Alswaina, Fateh Belaïd, Mohamad Hejazi, Mari Luomi, Salaheddine Soummane

This study aims to assess the alignment of global sustainable financial flows with transition investment priorities. First, we identify investment gaps based on the difference between the required annual investment to meet global net-zero emissions (NZE) targets and current investment…

Yılmaz, Fatih

Alswaina, Fahad A.

Belaïd, Fateh

Hejazi, Mohamad

Luomi, Mari

Soummane, Salaheddine

The Economic and Energy Transformation in Saudi Arabia: Exploring the Role of Strategic Investments

Majed Almozaini

This Instant Insight reviews Saudi Arabia’s capital expenditure (central government capital expenditure + public investment fund [PIF] expenditure), which is a key component of its fiscal policy. Capital expenditure stimulates the primary goal of economic diversification, a structural shift in…

Almozaini, Majed

India Middle East Europe Economic Corridor: Bridging Economic and Digital Aspirations

Yagyavalk Bhatt, Jitendra Roychoudhury

The announcement of the India-Middle East-Europe Economic Corridor (IMEC) during the 2023 Group of 20 (G20) Summit in New Delhi marks a significant development for the Partnership for Global Infrastructure and Investment (PGII) initiative. The PGII formation was announced in…

Bhatt, Yagyavalk

Roychoudhury, Jitendra

Smart Transportation Systems in Smart Cities: Practices, Challenges, and Opportunities for Saudi Cities

Ahm Mehbub Anwar, Abu Toasin Oakil

Smart transportation is an approach that incorporates modern technologies into transportation systems to improve the efficiency of urban mobility. Cities worldwide call digital technologies to harness their development to address potential challenges and concerns, which provoke technology-driven practices in urban…

Anwar, Ahm Mehbub

Oakil, Abu Toasin

Smart Cities Initiatives and Perspectives in the MENA Region and Saudi Arabia

Fateh Belaïd

This chapter focuses on the evolution of smart cities in developing countries. It starts by mapping the definitions and evolutions of smart cities concepts. Then it outlines the progress and current practices that emerging economies, in general, have achieved in…

Belaïd, Fateh

Smart Energy Cities: The Role of Behavioral Interventions in Reducing Electricity Demand in Buildings in Principality of Monaco

Fateh Belaïd

With energy powering the most attractive aspects of urban environments in modern society, from health, transportation, and comfort to information, business, and leisure, energy cities are perfectly positioned to design the smart city of the future by leveraging the energy…

Belaïd, Fateh

Modeling and forecasting industrial electricity demand for Saudi Arabia: Uncovering regional characteristics

Science Direct

Jeyhun Mikayilov, Ryan Alyamani, Abdulelah Darandary, Muhammad Javid, Fakhri Hasanov

Commercial Electricity Demand Modeling: Do Regional Differences Matter for Saudi Arabia?

Science Direct

Jeyhun Mikayilov, Abdulelah Darandary

Modeling of the Interconnected Middle East and North Africa Electricity System: Including Uncertainties to Better Inform Policymakers

Frank Felder, Marie Petitet, Shahid Hasan, Amro Elshurafa

The modeling of power systems can bring about insightful quantitative results to inform policymakers. This commentary reviews the literature on modeling the Middle East and North Africa (MENA) region’s electricity interconnections and trade in the context of expanding variable and…

Felder, Frank

Marie Petitet

Hasan, Shahid

Elshurafa, Amro

Carbon Markets in Gulf Cooperation Council Countries: Accelerating Robust Market Development and Promoting Regional Cooperation

As both regulated and VCMs take off in Saudi Arabia and across the GCC region, KAPSARC is seeking to help inform and support their robust development in two ways. The first is to keep track of the rapidly evolving global…

World Oil and Critical Mineral Study: A Global VAR Analysis

Jennifer Considine, Abdullah Aldayel, Philipp Galkin, Emre Hatipoglu

Critical minerals (CMs), such as lithium, cobalt, nickel, and rare earth metals, are essential for the development of clean energy technologies across the whole value chain of wind and solar power, electricity networks, and electric vehicles (EVs). Demand for these…

Considine, Jennifer

Aldayel, Abdullah

Galkin, Philipp

Hatipoglu, Emre

Global Crude Oil Refinery Models: Parametric and Nonparametric Methods

Evar Umeozor

Crude oil refineries produce finished petroleum products through a series of processing steps known as refinery unit operations. The varieties and capacities of process units, along with their operational characteristics, differentiate one refinery from another. Over the years, the refining…

Umeozor, Evar

Reconsidering Inventories: An International Strategy for Strategic Storage Assets

Jennifer Considine, Philipp Galkin, Majed A. Al Suwailem, Abdullah Aldayel

The purpose of this report is to recommend an interconnected regional and international strategy to share the burden of developing and maintaining commercial and strategic storage infrastructure for Saudi crude oil and products through an alliance with the Gulf Cooperation…

Considine, Jennifer

Galkin, Philipp

Al Suwailem, Majed A.

Aldayel, Abdullah

Renewable Energy and Job Creation: An Automation Risk Assessment

Cian Mulligan

The necessity of a green transition from traditional energy sources to renewable alternatives has brought with it optimism regarding the employment benefits of this change. Announcements of major renewable energy projects include forecasts of thousands of associated direct, indirect and…

Mulligan, Cian

An All-Hands-On-Deck Approach to Address Lifecycle Emissions

Increasing demand for mobility will result in an increase in energy consumption and emissions from transportation. Governments worldwide are implementing regulations and policies to reduce vehicle tailpipe emissions, such as tailpipe CO2 emission standards, zero-tailpipe-emission vehicle mandates, and tailpipe criteria…

The Surge in Riyadh’s Population: Electricity Demand Implications

Jeyhun Mikayilov, Ryan Alyamani

The city of Riyadh, the capital and most populous city of the Kingdom of Saudi Arabia, is undergoing a makeover to become a global metropolis. Saudi Vision 2030 announced a wide range of projects in the city, placing it on…

Mikayilov, Jeyhun

Alyamani, Ryan