UAE’s Dewa meets with Hong Kong based investor network: The Dubai Electricity and Water Authority (Dewa) met with a visiting delegation from global investor network the Hong Kong Ambassadors Club to discuss strengthening cooperation between the two countries in smart city technologies and renewable and clean energy among other things, Wam reports. CEO Saeed Mohammed Al Tayer welcomed the delegation and led a meeting on potential joint investments across various sectors, particularly in advanced technologies related to renewable and clean energy, energy storage, smart grids, and water.

Saudi Arabia and France signed 24 preliminary agreements worth USD 2.9 bn in a number sectors including low-carbon energy, the Saudi Press Agency reports. The agreements came on the sidelines of the France-Saudi Arabia Investment Forum, which brought together Saudi and French government officials and private sector companies to discuss major potential investments in tourism, tech ecosystem, and the energy transition. The number of French companies operating in Saudi Arabia has increased by 43% since 2020, reaching more than 110 firms. The individual project types, value, and timelines were not announced.

ALSO- A preliminary agreement was signed between Saudi Arabia’s investment firm ShurfahHolding Company and France’s Hoffman Green Cement to design and produce low-carbon cement, the National reports.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • UAE renewables giant Masdar has signed a MoU with Anwar Gargash Diplomatic Academy to facilitate the exchange of information and research papers. (Tweet)
  • Schneider Electric is partnering with Magnom Properties and H2 Enterprises to make Forbes International Tower the first of its kind to run entirely on a Liquid Organic Hydrogen Carrier (LOHC) system. (Statement,pdf)
Tags: