Another mega green hydrogen project for Egypt?

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WHAT WE’RE TRACKING TODAY

TODAY: Another mega green hydrogen project for Egypt?

Good morning, friends. The news cycle has picked up with some significant developments across the region as we inch closer to the weekend.

THE BIG CLIMATE STORIES- The Egyptian Cabinet is mulling over a proposal by an unnamed leading foreign company looking to set up a mega green hydrogen facility in the country and the Qatar Investment Authority has acquired a 2.7% stake in India’s Adani Green Energy for c. USD 474 mn in a block transaction.

^^ We have more details on these stories and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- A unified push to save the Amazon: The leaders of South America’s Amazon nations are meeting in Brazil this week under efforts by Brazilian President Luiz Inacio Lula da Silva to bring them behind a strategy for saving the world’s largest rainforest. The rare conclave, which will conclude today, is being held in Belem, the rainforest city set to host the COP30 talks in 2025. It brings together officials from the eight countries that make up the Amazon Cooperation Treaty Organization — Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela — for the first time since 2009. Representatives from other tropical forest countries, including Indonesia, Congo, and the Republic of Congo are also taking part.

A pre-COP28 warmup for Lula: “We want to prepare, for the first time, a joint document by all the countries that have forests, so that we can arrive together at COP28 and have a very serious discussion with rich countries — who, since 2009, have been promising to release USD 100 bn to create a fund to help maintain forests and preserve biodiversity,” Lula said last week.

REMEMBER- Deforestation in Brazil’s Amazon hit a six-year low in July, according to preliminary government figures, which is in line with Lula’s pledge to end deforestation by 2030. Satellite data showed that 500 square km of rainforest were cleared last month, representing a 66% fall from the corresponding month last year.

WATCH THIS SPACE #1- We might be seeing ِEgypt’s first locally made EV next year: The Academy of Scientific Research & Technology (ASRT) — an affiliate of the Egyptian Higher Education and Scientific Research Ministry — has signed design and manufacturing contracts for the country’s first locally made electric vehicle with unnamed private sector companies, according to a statement. The signing of the contracts is part of an ASRT program launched earlier this year to increase the local manufacturing of EVs in the country, ASRT head Mahmoud Sakr said. Some 26 proposals were presented to the academy from 21 entities, including public and private sector firms, universities, and research centers. The ASRT only approved two of the proposals presented, he added.

Nine months to go: The mini golf-sized EV should be hitting the market in nine months, Egyptian Higher Education and Scientific Research Minister Ayman Ashour said in televised statements (watch, runtime: 7:35). The first phase of the project would see the state importing the EV’s battery and engine before locally manufacturing them at a later stage, Sakr said.

The country’s EV ambitions are high: While Egypt’s industry is still nascent, two auto firms and distributors — Misr Helwan Automotive and Abou Ghaly Motors — have introduced EVs to the country’s car market this year. Egypt is supporting Abou Ghaly and other private sector players with incentives to get a homegrown EV industry off the ground, with the country’s environment minister expecting the first locally-assembled EVs to roll off production lines in 2024.

WATCH THIS SPACE #2- Egypt, KSA could join forces for an upper hand on green hydrogen exports: An integration of Egypt and Saudi Arabia’s green hydrogen markets would ensure they grab a third of the market share in the European and Asian markets, CEO of Hydrogen Egypt Khaled Naguib told Asharq Alawsat. This would account for USD 50 bn to USD 100 bn annually within a three- to five-year period, he added.

Some infrastructure is necessary: Naguib has urged both countries to invest in setting up pipelines connecting Egypt, Saudi Arabia, and European and Asian countries to transport hydrogen and hydrogen production technologies. He urged KSA to invest in green hydrogen and ammonia transport technology and related infrastructure.

ALSO- Could we see green hydrogen cooperation between Saudi Arabia and India? Saudi Arabia and India have begun initial discussions on cooperation in green hydrogen, The Economic Times reported, citing people it says have knowledge of the matter. They said that the talks include exploring investment opportunities, technology sharing, and joint research and development. The discussions are part of a broader agreement on undersea cable grid connectivity between the two countries, the sources said.

NON-CLIMATE REGIONAL HEADLINES:

Egypt: Exports of natural gas and liquefied gas plunged by 69.7% y-o-y in May, contributing to a 20.9% y-o-y decline in total exports to reach USD 3.4 bn from USD 4.3 bn in the corresponding month last year. (Al Ahram)
Saudi Arabia: The Saudi Cabinet has reiterated a commitment to reach a lasting peace for the Ukrainian crisis after hosting a meeting earlier this week aimed at reaching a peaceful resolution for the crisis. (Al Riyadh)
UAE: The UAE has maintained its ranking as the lowest-risk country in the Middle East and Africa for 1Q 2023, according to GlobalData Regional and Global Risk Index. (Al Bayan)

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

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DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami | Omny.

IT’S THE FINAL EPISODE- Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies — be they in age-old industries or emerging ones — have adapted to changes to better position their businesses for an uncertain future. We were joined by Nadia El Tawil, investment officer at pan-African private equity firm AfricInvest, Mostafa Bedair, CEO of Giza Seeds and Herbs, and Abdallah Sallam, CEO of Madinet Masr.

THE ENTERPRISE CLIMATE FORUM SERIES KICKS OFF NEXT SUNDAY- Fresh off the heels of a successful COP27, we held our first forum at the Grand Egyptian Museum, diving deep into the fundamentals of what we think is the world’s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition.

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CIRCLE YOUR CALENDAR-

Sweden will host World Water Week from Sunday, 20 August to Wednesday, 24 August in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.

The US will host the International Conference on Recycling and Waste Management and the International Conference on Environmental Sustainability and Climate Change from Monday, 21 August till Tuesday, 22 August in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.

The Dominican Republic will host the COP27 Transitional Committeefrom Tuesday, 29 August to Friday, 1 September. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Egypt is evaluating a proposal for a new mega green hydrogen facility + issues more golden licenses for renewables projects

The Egyptian Cabinet is evaluating a proposal by an undisclosed international company looking to set up a mega green hydrogen facility, according to a statement. The statement did not name the company presenting the proposal or provide a timeframe for the planned project.

What we know: The plant’s production capacity is estimated at 400k tons per year, the statement said, with production earmarked for export to Europe at an estimated value of USD 1 bn. The facility would source its power needs from 15 GW of solar energy, the statement added.

What’s next: Feasibility projects for the project will begin in the coming period, with a “prime location” selected for the facility, the statement said, without providing further details.

ALSO- Egypt is fast tracking more green hydrogen and wind projects: The Egyptian government awarded four more golden licenses to undisclosed wind energy and green hydrogen projects, Attaqa reports, citing statements made by Egypt’s General Authority for Freezones and Investment CEO Hossam Heiba. A golden license is a single approval covering everything from project establishment, including land allocation and building licensing, through to project operation and management.

Egypt is on a golden streak: Egypt approved a golden license to fast track work on the 500 MW Gulf of Suez wind farm being built by Egypt’s Orascom Construction, France’s Engie, and Japan’s Toyota Tsusho and Eurus Energy back in May. Earlier in December, the government awarded golden licenses for Egypt Green Ammonia Company’s USD 5.5 bn green ammonia plant in Ain Sokhna and the Fertiglobe-Scatec-Orascom Construction consortium’s USD 135 mn, 100 MW green hydrogen plant, which kicked off operations on its initial phase in November.

QIA gives India’s Adani Green a shot in the arm by acquiring a 2.7% stake

The Qataris have officially grabbed stakes in Adani Green: The Qatar Investment Authority (QIA) has acquired a 2.7% stake in India’s Adani Green Energy for c. USD 474 mn in a block transaction, Bloomberg reports, citing stock exchange data. The transaction saw QIA’s unit INQ Holding grab over 42.6 mn shares in Adani’s green energy arm at INR 920 a piece, with stock data showing Adani Green’s founder group company Infinite Trade and Investment selling 44.9 mn shares.

Why this matters for Adani: The QIA’s investment could prove to be a lifeline for the Indian conglomerate after a rout that wiped over USD 100 bn in its market value earlier this year. The setback came following a short-seller report by Hindenburg Research that made fraud allegations against the Indian conglomerate, battering investor confidence. Adani scrapped its USD 2.45 bn secondary offering last February — which was expected to finance green projects in MENA, among other things — citing an “unprecedented situation and the current market volatility.” Abu Dhabi-headquartered corporate investment holding firm International Holding Company and UAE sovereign wealth fund Abu Dhabi Investment Authority were among the regional bidders on the books for shares.

Adani Green was already embarking on an expansion plan: Adani Green unveiled plans last month to raise IRN 123 bn (c. USD 1.5 bn) to finance expansion plans. It's looking to bring in more institutional investors and lure in more research analysts to track the firm by selling shares through qualified institutional placement, a person familiar with the matter told Bloomberg.

And they’re looking at Morocco: The embattled conglomerate is reportedly eyeing investments in renewables projects with 10 GW of capacity in Morocco to supply green ammonia to Europe. The project, which would be developed in two 5 GW phases, would be used to supply clean energy to a green ammonia plant that would target exports to Europe. The wind and solar plants would be Adani’s largest clean energy project outside of India, and would more than triple Morocco’s already installed renewables capacity of 2.8 GW

REMEMBER- The Qataris are already seeing potential in India: The QIA is among a number of investors looking to buy a minority stake in the retail unit of Indian b’naire Mukesh Ambani-led conglomerate Reliance Industries, according to an earlier report by Bloomberg.

EU signs off on EUR 307 mn financing agreement for Tunisia-Italy interconnector

Tunisia-Italy interconnector moving forward: The European Commission (EC) has signed off on a EUR 307 mn (c. USD 336 mn) financing agreement for Tunisia’s planned Elmed electrical interconnection project with Italy, according to a statement. The interconnector’s expected launch date has not been revealed.

The project: The 600 MW subsea interconnector — to be developed by Italy-headquartered transmission operator Terna Group and Tunisia’s grid operator STEG— will link the Tunisian and EU power grids via a 220 km cable, enabling the trade of renewable energy between the North African country and Europe. The project is estimated to cost EUR 850 mn (c.USD 929 mn) with EUR 307 mn provided by the EC through the Connecting Europe Facility.

The World Bank recently extended a helping hand: The World Bank approved a USD 268.4 mn loan to Tunisia in June to finance the project, using the funds to build a main converter station and accompanying substations on the Tunisian side.

Who else is on board? The Elmed interconnector is backed by the European Union, the government of Italy, the German Development Bank KfW, the European Bank for Reconstruction and Development, and the European Investment Bank.

KSA’s AETCON awarded USD 155 mn Neom HDVC contract

An update to the Neom power transmission line: Saudi Arabia’s Arabian Electrical Transmission Line Contracting (AETCON) has won a USD 155 mn contract to construct a high-voltage direct current (HVDC) transmission line connecting Saudi Arabia’s net zero city Neom to other areas in the country, Utilities Middle East reports. The contract was awarded by the Saudi Electricity Company, which is almost 75% owned by Saudi Arabia's sovereign Public Investment Fund.

What we know about the line: The HVDC transmission line, which spans a distance of 605 km, will be linked to the Saudi Neom-Yanbu 525 kV HVDC Transmission Line project. It will stretch from Yanbu on the western coast of the country to Neom.

Back to back HVDC: Hyundai Engineering and Construction Co. — a subsidiary of Hyundai Motors Group — was awarded earlier this month a USD 145 mn contract to build the 525 KV HVDC transmission line. Hyundai will be responsible for the engineering to procurement and construction of the HVDC line under the turnkey agreement. It is set to build a 207 km HVDC line and approximately 450 transmission towers to connect Neom to Tabuk and Yanbu. The Korean construction company expects the project to be completed by July 2027.

It’s been an eventful couple of months for Neom: In June, the Saudi Electricity Company and Neom’s water management and utility company Enowa signed an agreement with Zurich-based tech company Hitachi Energy to build a 3 GW, 650 km high voltage direct current (HVDC) transmission system connecting Neom’s floating industrial complex Oxagon to the country’s port city of Yanbu. Earlier in May, Neom awarded a USD 2 bn contract for a rail projectlinking its floating industrial complex Oxagon to renewable energy-powered The Line city.

IN OTHER NEOM NEWS- There’s progress on Neom’s green hydrogen plant: Indian multinational Larsen & Toubro — project developer of the clean energy projects that will power Neom’s USD 8.4 bn green hydrogen plant — signed an agreement with China’s Sungrow for the supply of solar inverter skid solutions for Neom’s 2.2 GW solar farm, according to a statement.

Lucid’s revenues increase 35.5% y-o-y while net losses deepen by 71.2%

Saudi Arabia’s Public Investment Fund-backed EV maker Lucid’s net losses increased by 71.2% y-o-y in 2Q 2023 y-o-y to USD 766.6 mn, according to an earnings release (pdf). This comes despite the company’s revenues increasing by 35.5% y-o-y in 2Q to USD 150.9 mn on the back of 1.4k vehicles being delivered — some delivered to Saudi Arabia for the first time. PIF owns a 60.5% stake in the EV company.

Big losses despite an increase in revenues: Lucid’s net losses increased by 80.4% y-o-y in 1H 2023 recording a loss of USD 1.5 bn despite revenues increasing 48.4% y-o-y to USD 300.3 mn during the same period.

Manufacturing took a dip: The number of cars manufactured by Lucid decreased 6% from 2.3k vehicles to almost 2.2k q-o-q, according to an earnings release presentation (pdf). The company aims to manufacture over 10k vehicles in 2023.

REMEMBER- In efforts to boost production, Lucid raised USD 3 bn in capital in 2Q, USD 1.8 bn of which came from PIF. This quarter also saw Lucid join forces with Aston Martin to make the British ultra-luxury car maker’s future electric vehicles while also making way for Lucid to grab a 3.7% stake in the British company. Lucid said late last year that 80% of its electric vehicles will be made in Saudi Arabia by 2030 as it aims to build a full production plant in the country. Construction of the facility began in May 2022.

Ahmed Fateen appointed commercial VP for UAE, Oman, and Bahrain

Schneider Electric has appointed Ahmed Fateen (LinkedIn) as the channel commercial vice president serving the UAE, Oman and Bahrain markets, Trade Arabia reports. Fateen will be responsible for expanding Schneider’s operations across the three Gulf markets, overseeing commercial strategy, business development, and customer integration, the newswire said. Fateen was previously vice president of power systems covering the Gulf region for Schneider Electric for more than three years. In his 17 years with Schneider Electric, he worked on sustainable design for utility projects in Egypt, West Africa, East Africa and the Middle East.

New Zealand, BlackRock are partnering up for a climate infrastructure fund

New Zealand, BlackRock join forces to reach 100% renewable electricity: New Zealand’s government and top US fund manager BlackRock are partnering up to launch a NZ 2 bn (c. USD 1.22 bn) climate infrastructure fund to invest in renewable energy projects in the country, Reuters reports. “This is the largest single-country low-carbon transition investment initiative BlackRock has created to date,” BlackRock CEO Larry Fink said. “It will enable New Zealand companies to access greater pools of capital to build out climate infrastructure across the country’s energy system including in wind power, solar power, battery storage, electric vehicle charging, and natural capital projects,” he added.

All under NZ’s 100% renewable electricity track: “This fund will accelerate New Zealand’s emissions reductions, with a particular focus on our path to 100% renewable electricity,” New Zealand Energy Minister Megan Woods said, according to the newswire. New Zealand is “well-positioned to be one of the first countries in the world to deliver a fully renewable electricity system,” Woods added, due to record levels of renewable energy generation by New Zealand in recent years.

Ghana pushes forward with mining plans: The Ghanaian government approved a green minerals bill late last month to tap into lithium production and exploit its resources of rare earths that are critical to the energy transition, Bloomberg reports. The policy document — expected to be passed by the country’s parliament before the end of the year — will establish policies and a fiscal framework to govern the production of minerals critical to the shift to green energy to ensure the country “derives as much benefit as possible from its resources,” Bloomberg quotes the country’s Natural Resources Minister Samuel Jinapor as saying. Jinapor added that none of Ghana’s lithium volumes would be exported in its raw state to support Ghana’s national production and maximize profits. The law would also help the country leverage its reserves of manganese, graphite, and cobalt, he adds.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Chinese steel giant signs CCUS research agreement: China's largest listed steelmaker Baoshan Iron & Steel Company has signed a joint research agreement for carbon capture, utilization, and storage (CCUS) with leading state oil firm Sinopec, energy giant Shell, and German chemical company BASF. (Reuters)

UAE’s Borouge and Austria’s Borealis rollout recycled polymer products

UAE’s Borouge and Austria’s Borealis rollout recycled polymer products: Abu Dhabi based chemicals company Borouge and its Austrian counterpart Borealis have rolled out two low-carbon polypropylene products for the auto-manufacturing industry made from post-consumer recycled (PCR) polymer, Wam reports. One of the recently rolled out solutions — specifically developed for wheel arch production and other exterior car components — is made up of a blend of up to 70% PCR materials, and was produced using 32% less carbon than virgin grade plastics. The second polymer solution — used for under-body shields, bumper brackets, and structural parts in cars — contains 50% PCR material that reduces the carbon footprint by about 28% compared to virgin grades, the news agency notes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Turkey withdraws as COP16 host: Turkey said it is withdrawing from hosting the UN’s COP16 biodiversity summit — set to take place in October 2024 — on the back of deadly earthquakes that hit the country earlier this year. France, the UK, Switzerland and Spain are all possible replacement destinations for the conference. (The Guardian)
Acwa Power just installed Central Asia’s largest wind turbine: KSA renewables developer Acwa Power has installed the first wind turbine for its USD 690 mn, 500 MW Bash wind project in Uzbekistan, marking the largest wind power unit installment in Central Asia at a 6.5 MW generation capacity. (Statement)

The world’s tiniest marine mammal is on the brink of extinction

The world’s tiniest marine mammal is on the verge of extinction: The International Whaling Commission (IWC) has issued its first-ever “extinction alert” for the vaquita, the world’s smallest and most critically endangered marine mammal, according to a statement. A study by the IWC showed that the small porpoise — found in the northernmost part of the Gulf of California in Mexico — has only 10 members of the species left. The growing decline in the number of the marine mammal is due to “entanglement in fishing nets known as gillnets which are now illegal in the area.” The IWC stressed the necessity of 100% enforcement of the gillnet ban and net removals to reverse the decline in numbers.

An ancient Persian cooling system can lower city heat by as much as 10°C

Can a 1k-year-old Persian cooling system provide relief to our heat-trapped cities? A network of underground water pipes and tubes inspired by Persian-era canals can lower surrounding temperatures by as much as 10°C using just air, water, and solar power, Bloomberg reports. The cooling system, modeled on ancient tunnels dug to bring water to agricultural fields 1k years ago in present-day Iran, is part of the CartujaQanat architectural experiment in Seville, Spain, which houses two auditoriums, green spaces, and a promenade.

How does it work? Water runs through an aqueduct outside overnight, taking it over solar panels on a roof and into giant tanks underground. Contact with the lower temperatures cools the water, and as temperatures rise during the day, solar-powered pumps push the water through small pipes that run in front of fans to generate cold air. Small openings in the floor and steps allow cool air to flow outward.

Special features ensure chillness: The design has features that ensure low temperatures even when the qanat system is not operating such as being built two meters underground, covering the area with a white heat-reflecting roof, and surrounding it by columns and vegetation.

CALENDAR

AUGUST 2023

20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden.

21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA.

21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA.

29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic.

SEPTEMBER 2023

4-6 September (Monday-Wednesday): Sustainable Maritime Industry Conference, Jeddah, Saudi Arabia.

4-6 September (Monday-Wednesday): Africa Climate Summit, Nairobi, Kenya.

5-7 September (Tuesday-Thursday): Global Water, Energy and Climate Change Congress(GWECCC), Manama, Bahrain.

9-10 September (Saturday-Sunday): G20 Heads of State and Government Summit, New Delhi, India.

9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA.

11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.

12-13 September (Tuesday-Wednesday): Industry Transition 2023, Pittsburgh, USA.

12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland.

18-19 September (Monday-Tuesday): The Enterprise Finance Forum, Cairo, Egypt.

19-21 September (Tuesday-Thursday): World Power-to-X Summit, Marrakesh, Morocco.

28 September (Thursday): International Energy Agency Critical Minerals and Clean Energy Summit, Paris, France.

Chariot Limited and Total Eren’s feasibility study on a 10 GW green hydrogen plant in Mauritania to be completed.

Egypt set to launch alliance to shore up climate financing in developing countries

OCTOBER 2023

4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.

4-5 October (Wednesday-Thursday): Future Sustainability Forum, Dubai, UAE.

8-10 October (Sunday-Tuesday): Saudi Green Building Forum, Riyadh, Saudi Arabia.

10-11 October (Tuesday-Wednesday): Green Energy Africa Summit, Cape Town International Convention Centre 2, Cape Town, South Africa.

8-12 October (Sunday-Thursday): MENA Climate Week, Riyadh, Saudi Arabia.

9-15 October (Monday-Sunday): World Bank/IMF 2023 Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Autonomous E-Mobility Forum, Doha, Qatar.

16-18 October (Monday-Wednesday): Climate Week, Rome, Italy.

18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco.

17-18 October (Tuesday- Wednesday): Critical Minerals Africa Summit, Cape Town, South Africa.

17-20 October (Tuesday-Friday): Fourth meeting of the COP27 Transitional Committee, TBD.

25-26 October (Friday-Saturday): Offshore & Floating Wind Europe 2023, London, United Kingdom.

29 October- 2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt

31 October – 2 November (Tuesday-Thursday): World Hydropower Congress, Bali, Indonesia.

NOVEMBER 2023

1-3 November (Wednesday-Friday): Forbes Middle East Sustainability Leaders Summit 2023, Abu Dhabi, UAE.

9-10 November (Thursday-Friday): International Renewable Energy Agency Investment Forum, Uruguay.

9-15 November (Thursday-Wednesday): Intra-African Trade Fair 2023, Cairo, Egypt.

15-17 November (Wednesday-Friday): WETEX and Dubai Solar Show, Dubai, UAE.

16-17 November (Thursday-Friday): World Green Economy Summit (WGES), Dubai, UAE.

15-18 November (Wednesday-Saturday): DEWA’s First MENA Solar Conference, Dubai, UAE.

20-24 November (Monday-Friday) International Civil Aviation Organisation’s Aviation and Alternative Fuels conference, Dubai, UAE.

27-30 November (Monday-Thursday) Abu Dhabi Finance Week (ADFW), Abu Dhabi, UAE.

30 November - 12 December (Thursday-Tuesday): Conference of the Parties (COP 28), Dubai, UAE.

DECEMBER 2023

12-14 December (Tuesday-Thursday): Green Hydrogen Summit Oman, Oman Convention and Exhibition Center, Muscat, Oman.

18-20 December (Monday-Wednesday): Saudi Arabia Smart Grid Conference, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.

FEBRUARY 2024

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Dubai, UAE.

APRIL 2024

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi, UAE.

23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

2023

Mid-2023: Oman set to sign contracts for green hydrogen projects.

Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors to close.

Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to be completed.

Saudi Basic Industries Corporation (Sabic) steam cracker furnace powered by renewable energy to come online.

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

2026

UITP Global Public Transport Summit, Dubai, UAE.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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