CLIMATE FINANCE-

Invest Qatarhas joined a World Economic Forum-led global coalition aimed at encouraging foreign direct investment (FDI) in climate related projects, the Peninsula Qatar reports. Invest Qatar is the only regional participant in the coalition, which is made up of 14 other global investment agencies and the World Association of Investment Promotion Agencies. The initiative aims to address the climate finance gap, promote green investments, and encourage collaboration among investment authorities in efforts to drive climate-aligned growth.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Oman to establish greenhouse gas inventory: Oman’s Environment Authority is collaborating with Microsoft to launch a national platform for monitoring greenhouse gas emissions as part of its plan to achieve net zero by 2050. (Muscat Daily)
  • Egypt’s Youssef Allam Group invests in PET recycling project: Dayra for Waste Management andRecycling, a subsidiary of Youssef Allam Group, has inked a framework agreement with Egypt’s Suez Canal Economic Zone (SCZone) to build a USD 15 mn PET plastic recycling project across 10k sq meters in the Sokhna Industrial Zone. (Statement)
  • Morocco explores HVDC project for renewables interconnection: Morocco has issued tenders for a 3 GW High Voltage Direct Current (HVDC) interconnector linking the north and south of the Kingdom. The interconnector will span 1.4k km and will be set up over two phases, 1.5 GW in 2026 and the rest in 2028. (Telexpresse)
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