In this study, we discussed the main recent studies on PV systems worldwide and specifically in the Gulf Cooperation Council (GCC) region. We focused on different PV cells and their characteristics in terms of efficiency, importance, and negative impacts, and examined the classification of PV systems and their comparison. In addition, the adoption of PV technologies in GCC countries is considered, focusing on the future aspects. In addition, technical and economic evaluations were carried out for a 600-kW commercial PV solar project at one of the selected sites in the Riyadh region, and the PV energy generation performance was assessed. The monthly energy production, module orientation and tracking system, peak voltage, net power consumption, rated output power, cash flow and capacity factor were calculated. In addition, the direct, normal and diffuse solar radiation are calculated to determine the cost-effective and efficient PV system. Two simulation programs, namely system advisor model (SAM) and RETScreen, are used in this study. In addition, a comparison between annual energy production, cash flow, and electricity loads was performed to evaluate the accuracy of the simulation results. The study suggests that a low-cost PV system could be developed in the Riyadh region.