close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

German funds plan $2B Oman solar project

German funds plan $2B Oman solar project

Private investment funds Terra Nex of Switzerland and Germany's Middle East Best Select (MEBS) plan to build 400 megawatts (MW) of solar power generating capacity in Oman, the European investors said on Sunday.

0

January 16, 2012 12:49 by



Terra Nex, a wealth management company specializing in Middle East investment, and MEBS plan a 2-billion dollar integrated project to develop solar technology in the oil and gas exporting country, including facilities to manufacture solar panels for Oman and for export.

“Oman’s stable business environment and pro-environmental policies makes the Sultanate a natural partner to this project,” David Heimhofer, chairman of Terra Nex, said in a statement.

“The government’s aim to produce 10 percent of its energy needs from renewable energy resources by 2020 is laudable and this project will go a long way in making that vision a reality.”

The project would be financed largely by investors from Germany, with MEBS mainly funded by a group of German institutional and individual investors.

Heimhofer said about 600 million dollars of the overall investment would come from direct equity capital, with the remainder covered by loans from European financial institutions.

Despite plentiful sunshine the Middle East region’s solar power production is tiny compared with that of Europe, China or the United States.

Driven by huge subsidies, Germany has become one of the world’s largest solar markets but the country has been cutting financial support in an effort to get the industry to reduce its costs. (Reporting by Daniel Fineren; Editing by Greg Mahlich) *Image from utilities-me.com



0

Tags: , , , , , , ,

Leave a Comment