A new report by the Energy Industries Council (EIC) forecasts that the Middle East is set to attract over USD 75 billion in renewable energy investments by 2030, signifying the region's commitment to clean energy. This funding will support a range of projects including solar power, onshore wind, hydrogen production, and other clean technologies. However, despite the growth in renewables, the Middle East continues to heavily rely on oil and gas, with the majority of energy investments still directed towards the hydrocarbon sector. The report highlights the complexity of the region's energy landscape, noting the significant developments in cleantech, specifically in hydrogen, solar, wind, and carbon capture technologies. While the Rashid bin Mohamed Al-Makhtoum Solar Park's Phase 5 progresses well, onshore wind projects are facing challenges such as cost escalations, grid limitations, and supply chain disruptions. The Energy Industries Council stresses the importance of simultaneously expanding renewable energy infrastructure and strengthening traditional energy systems to ensure the region's economic stability and ongoing dominance in the energy sector. Despite the growth of renewables, oil and gas are expected to maintain their prominent position in the Middle East's energy mix for the foreseeable future. The report underscores the critical role of cleantech projects in supporting the region's energy transition and highlights the need for a balanced approach to meet both clean energy goals and the demands of the existing hydrocarbon industry.