Country:Saudi Arabia
Year:2010
Policy status:In Force
Date Effective:2010
Policy Type:Research, Development and Deployment (RD&D)>Research programme >Technology deployment and diffusion, Information and Education>Information provision, Economic Instruments>Fiscal/financial incentives>Tax relief, Policy Support>Institutional creation
Policy Target:Solar, Multiple RE Sources>Heating, Multiple RE Sources>Power
Policy Sector:Multi-sectoral Policy
Agency:Ministry of Water and Electricity
Description:Fully funded by the Saudi government, the King Abdullah City for Atomic and Renewable energies (KARARE) will be located in Riyadh. The City will be in charge of drafting policies for renewable and nuclear energy deployment plans. The city will also coordinate the action of the different national Renewable Energy Centres and host university research institutes and private sector enterprises involved in the field of low carbon energy. The City will be supervised by a 13 member council from relevant ministries and have two main targets: Ensure continued supplies of drinking water and electricity. Major attention will be paid to solar energy for desalination. The City will be exempted from all taxes and tariffs on imported machinery and equipment dedicated to its activities.

Last modified: Mon, 09 Jul 2012 11:42:43 CEST