GV Auto signs agreement with China’s Faw to manufacture and export EVs

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WHAT WE’RE TRACKING TODAY

TODAY: Egypt cinches a major EV manufacturing agreement + DP World electrifies its Jebel Ali freight fleet

Good morning, friends. The news cycle has picked up today with significant EV industry updates coming in from Egypt and the UAE. There’s also a world first in the ammonia shipping sector grabbing headlines, but first let’s head across the pond as major rumblings emerge from the White House…

THE BIG CLIMATE STORY OUTSIDE THE REGION- Biden hits Chinese EVs with 100% tariffs: The US has gone on the offensive in the brewing trade war with China by announcing a raft of tariff increases on USD 18 bn worth of Chinese imports that will each begin taking effect between 2024 and 2026. Tariffs on Chinese EVs will quadruple to 100%, those on lithium-ion EV batteries to more than triple to 25%, those on solar cells to double to 50%.

Biden’s tough talk seems to be directed to US voters in equal measure to China, warning the world’s factory yesterday that “when you make tactics like this, you’re not competing, it’s not competition, it’s cheating. And we’ve seen damage here in America” (watch, runtime: 22:30). The US is a minor market for Chinese EVs today.

The Chinese issued a sharp but vague response calling the move “political manipulation” ahead of the US election. “China will take resolute measures to safeguard its own rights and interests,” the Chinese Ministry of Commerce said in a statement yesterday. “The US should immediately correct its wrong actions and cancel the additional tariff measures against China.”

WATCH THIS SPACE-

#1- Belgian consulting firm Elia Grid is set to complete a study on the costs and methods of connecting green hydrogen and other renewables to Egypt’s national grid, a source at Egypt’s Ministry of Electricity told Enterprise Climate. The final draft will take into account global pricing policies, production expectations, and the predicted cost of electricity production in the next five years. It is scheduled to be sent to the Egyptian Electricity Transmission Company (EETC) by the end of this month, government sources told Al Arabiya.

More details: The report assesses the implementation of up to 126 GW of renewable energy including 100 GW of green hydrogen and 26 GW of wind power, how to link them to the national grid, and provides the estimated technical and financial needs for connecting those projects, according to Al Arabiya. Egypt’s Electricity Ministry had already received an initial draft of study and has provided amendment suggestions in the technical, legal and financial issues.

The EETC is in on Egypt’s green hydrogen projects: The EETC will have a 7.5% share (or an equivalent fee) in Egypt’s hydrogen projects, according to signed MoUs that Al Arabiya reviewed.

Green hydrogen projects are expected to move forward in the coming period: Interest in green hydrogen projects was sparked once again in light of the recent devaluation and stabilization of the exchange rate, our source said, adding that foreign partners are predicted to bring their agreements into force in the coming period. Investments are expected to reach USD 29 bn in the medium term, up from the current USD 12 to 15 bn, they added, with investors set to receive 33-50% tax exemptions and a value-added tax exemption to incentivize hydrogen production.

REMEMBER- The study is critical for Egypt’s green certifications: Assurances electricity purchased from the state will be generated from renewable sources remains unclear, and remain critical with EU exports in sight. Ensuring that the electricity is renewable-sourced is still being determined, Hydrogen Egypt CEO Khaled Naguib told Enterprise Climate last year. “Developers are going to be looking for commitments from the government on what type of electricity will be used from the grid,” he said, “this is still an open discussion, because the grid and electricity will need to be certified [to be labeled green].” Other questions lingering include whether the existing grid will be used for the prospective green hydrogen projects or whether there will be a “dedicated grid” for the facilities, Naguib added.

#2- We have an update on Tanzania’s Julius Nyerere hydropower project: The Julius Nyerere Hydropower Plant And Dam in Tanzania — developed by Egyptian firms Arab Contractors and El Sewedy Electric — is nearly 98% complete, according to statement by the Egyptian Ministry of Housing, Utilities and Urban Communities. Major components like the main dam, turbines, intake works, and distribution station are already finished or nearing completion. This comes a few months after Tanzania’s Energy and Minerals Ministry recently connected the first of nine hydroelectric turbines for the 2.15 GW plant, which is located at the UN World Heritage site and has thus sparked concern from conservationists in the country.

Background: The Tanzanian government kicked off the first filling of the USD 2.9 bn project late in 2022, and after successful testing, the consortium achieved a rotating speed of 150 rpm with a 50 hertz frequency from operations on the first turbine, which had a capacity of 235 MW.

#3- Green economy challenges unpacked at Cairo’s Green Growth Summit: The Green Growth Summit, organized by Netherlands-based international cooperation organization Hivos, laid out the biggest trends and challenges in Egypt and the wider region’s green sector. Enterprise Climate attended the event, which gathered private sector players, financial institutions, investors, donors, and policymakers.

Tackling supply chain issues: To trigger a greening of the supply chain, parties from the input side of the chain all the way to the end users would benefit greatly from both regulation and finance to address the challenges faced in nascent sectors, industrial development expert at Unido Annachiara Scandone said. Having a greener supply chain would help increase competition, trade balance, climate resilience, and food and water security, she added.

Financing was a sticking point: The importance of scaling up and commercializing green tech faces challenges with unlocking finance, Changelabs Founder Karim Samra said. The banking sector needs more climate risk education and exposure to green portfolios in order to boost investment in early startups, he added. Offering differentiated financing — including revenue-based finance, subordinated debt, and working capital finance — is also advantageous, DisrupTech Ventures Managing Partner Mohamed Okasha added.

#4- EU cancels probe into Chinese bids for Romanian solar project: The EU said it will close probes into bids made by Chinese companies for a 110 MW Romanian solar park tender after the firms announced their withdrawal, Bloomberg reports. The Chinese bidders that withdrew included Longi Green Energy Technology, Shanghai Electric UK, and Shanghai Electric Hong Kong International Engineering. Longi submitted its bid through its German subsidiary. The investigation was launched by the European Commission (EC) in the beginning of April.

What was the EU investigating? The EU accused the Chinese firms of distorting the market in the public procurement procedure for the solar bid in Romania on the back of receiving foreign subsidies, according to an EC statement published last month. The Commission intended to assess whether the “economic operators concerned did benefit from an unfair advantage to win public contracts in the EU,” the statement explains.

The probe was made possible by the bloc’s new Foreign Subsidies Regulation: The European bloc launched the Foreign Subsidies Regulation (FSR) in January to help prevent “state-funded companies from abusing their financial muscle to fend off EU rivals,” the statement explains. The FSR applies to all economic activities in the EU, including M&As.

DANGER ZONE-

Climate change has adverse impacts on education: Climate change is predicted to impact education outcomes negatively as a result of increased school closures, disease, stress, and conflict, according to a World Bank (WB) report (pdf). During extreme weather events such as heat waves or flooding, schools close around 75% of the time and sometimes for prolonged periods when infrastructure is affected or evacuation is needed, the report found. Sudden temperature and rainfall change has shown to increase violence and conflict amongst students by 14% according to the report’s finding. These negative impacts translate into lower future earnings and productivity, especially for lower income students. Damages from tropical cyclones in the Philippines alone resulted in USD 4 bn in losses.

The increased risk of declining education due to climate change is still not on policymaker’s radar: 61% of policy makers in 28 low and middle income countries deemed climate adaptation in education as a least priority, despite the large threat that climate change poses for education, the report noted. The WB called for governments to increase adaptation measures in the education sector through education management, school infrastructure, student and teacher advocacy, and bolstering learning continuity.

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CIRCLE YOUR CALENDAR-

Saudi Arabia will host the Saudi Energy Convention from Sunday, 19 May to Tuesday, 21 May in Riyadh. The convention will see energy and utilities industry leaders advance collaborative decarbonization efforts and identify innovation areas. It will also host the Saudi Utilities Convention and Saudi Hydrogen Convention to address the role and challenges of rolling out hydrogen, water and utility projects that are in line with the global energy transition. Over 10k energy professionals and 200 industry speakers will be present at the event.

The UAE will host The Electric Vehicle Innovation Summit from Monday, 20 May to Wednesday, 22 May in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.

Saudi Arabia will host the Future Aviation Forum from Monday, 20 May to Wednesday, 22 May in Riyadh. The event, organized by the General Authority of Civil Aviation, will see the Kingdom showcasing some USD 100 bn worth of investment options in the aviation and logistics sector at large.

The UAE will host the Bonds, Loans & Sukuk Middle East event from Tuesday, 4 June to Wednesday, 5 June in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance.

Turkey will host the International Conference on European Energy Market, from Monday, 10 June to Wednesday, 12 June in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.

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

Egypt’s GV Auto signs agreement with China’s Faw to manufacture and export EVs

Another Egyptian-Chinese EV venture in the works: GV Investments’ automotive arm GV Auto has signed a partnership agreement with Chinese state-owned Faw Group to locally manufacture, assemble, market, distribute, and export EVs, GV Investments Chairman Sherif Hamouda told Al Borsa. The partnership will be backed up with an initial investment of EPG 3 bn, Hamouda told Asharq Business.

Chinese EVs, assembled in Egypt: Locally assembled EVs from the partnership should start rolling out by the beginning of next year, Hamouda added. The two companies will use already existing factories to assemble the vehicles and have already set their sights on what models to assemble locally.

Not just local assembly, but local manufacture too: “The partnership will not be limited to local assembly only, but rather complete parts will be manufactured locally as well,” Hamouda told Asharq Business. The partnership aims to eventually have a 65% local component quota.

Exporting EVs is also part of the plan: The companies are planning to establish a hub from which they aim to export EVs from Egypt, Hamouda said.

DP World + Einride launch the region’s largest electric freight fleet

DP World and autonomous and electric freight mobility outfit Einride have inked an agreement to deploy 100 electric trucks at Jebel Ali Port, according to a press release. Deployment will begin late this year, and will ramp up to support 1.6k container movements per day. Pilot trials for autonomous trips will kick off in 2025, the statement said.

About the fleet: The fleet will be managed through Einride Sage — a digital operating system that can analyze, optimize, and increase efficiency of electric and autonomous road freight operations, according to the statement. The fleet will curb some 14.k tonnes of CO2 and 158 tonnes of nitrogen oxide emissions per day, once it reaches full capacity.

The latest move also comes as part of Einride’s broader expansion into the UAE: The UAE’s Ministry of Energy and Infrastructure inked an initial MoU with Einride last June to deploy a 550 km freight mobility grid. The agreement set out plans for the fast-tracked deployment of 2k EVs, 200 self-driving vehicles, and eight charging stations across a national grid, dubbed Falcon Rise, connecting Abu Dhabi, Dubai, and Sharjah. Initial plans saw a development timeline of five years. More recently in February Abu Dhabi’s Integrated Transport Center inked an agreement with the Swedish firm to develop a transit network connecting Al Ruwais, Khalifa Industrial Zone Abu Dhabi, and the city of Al Ain deploying 1k all-electric heavy-duty trucks and 100 self-driving vehicles with the necessary charging infrastructure for the fleet.

Adnoc delivers world’s first certified ammonia shipment to Japan

Adnoc delivers low-carbon ammonia to Japan: The Abu Dhabi National Oil Company (Adnoc) has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia produced using carbon capture and storage to Japan’s Mitsui, according to a press release. The low-carbon shipment was certified by global certification agency TUV SUD.

About the shipment: The ammonia was produced at Fertiglobe’s Ruwais facility near Abu Dhabi and “will see the CO2 captured and permanently stored in the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer,” the press release notes. This comes as part of the oil giant’s USD 23 bn investment in decarbonization, low-carbon solutions and climate technologies.

We knew this was coming: Adnoc launched the world’s first project to sequester CO2 into a carbonate saline aquifer and started capturing and storing the CO2 in 2Q last year. The project was earmarked to contribute to Fertiglobe’s production of low-carbon ammonia.

Adnoc has more in the pipeline: Adnoc and ADQ’s Ta’ziz signed a shareholder agreement with Fertiglobe, Korea’s GS Energy Corporation and Japan’s Mitsui for a low-carbon ammonia factory in the UAE with an annual capacity of around 1 mn tons last year. Adnoc also acquired a majority 51% +1 stake in Fertiglobe from OCI to expand its global ammonia production network. Adnoc and OCI also inked an MoU to explore importing and distributing ammonia in the EU.

Not Fertiglobe’s first delivery: Fertiglobe sent its first green ammonia shipment, the world’s first to carry an ISCC Plus certification, to India from its green ammonia plant in Egypt last November.

Veolia subsidiary secures water tech contract for Hassyan desalination plant

Veolia secures USD 320 mn contract for Hassyan plant: French waste and water management company Veolia’s smart desalination subsidiary Sidem secured a USD 320 mn agreement to engineer and provide technology for the solar-powered Hassyan water desalination project in Dubai, according to a press release. The Dubai Electricity and Water Authority (Dewa) and Saudi renewable energy giant Acwa Power recently reached financial close on the AED 3.4 bn (USD 925.8 mn) plant which is scheduled to start operations in 2026 and reach full capacity in 2027.

About the project: The plant — which is set to produce 180 mn imperial gallons per day — is “the world’s second largest desalination plant based on reverse osmosis technology in, and the largest desalination plant powered by solar energy,” the statement said, adding that the firm’s desalination system will have an exceptionally low energy consumption rate of 2.9 kWh per cbm. Acwa Power holds a 20.4% stake in the project, which will ensure safe drinking water for 2 mn people.

Veolia is active in the region: A JV made up of Veolia and Oman’s Nama Power and Water Procurement Company recently signed an agreement with TotalEnergies to build a 17 MW solar project aimed at powering Veolia’s Sur desalination plant. Turkish packaging manufacturer Sarten Ambalaj and Enova — a JV between Majid Al Futtaim and Veolia — partnered to install turn-key solar PV products on five of Sarten’s facilities in Turkey in February.

Its not Sidem’s first venture in the region either: Veolia’s subsidiary Sidem was tapped to lead a consortium tasked with the engineering, procurement, and construction of the AED 2.3 bn low-carbon Mirfa 2 Reverse Osmosis desalination plant in UAE last June.

Fertiglobe, Tabreed, and Ma’aden post 1Q earnings

Another dip for Fertiglobe in 1Q: UAE-headquartered urea and ammonia exporter and MENA’s largest producer of nitrogen fertilizers Fertiglobe has reported a 11.9% y-o-y decline in adjusted net income in 1Q 2024 to USD 119 mn, according to an earnings release (pdf). The company’s revenues also dipped 20% y-o-y to USD 552 bn, with decreasing crop and energy prices and reduced imports from India and Europe impacting performance.

Quarterly results didn’t fare any better: Fertiglobe saw a 16.1% q-o-q drop in its net income compared to USD 102.5 mn in 4Q 2023, while its revenues also dipped 14.5% q-o-q compared to USD 645.9 mn in the quarter before.

But the outlook is hopeful: Fertiglobe saw a successful quarter with sales volumes up 5% y-o-y driven by increased production and efficient inventory management, leading to a 22% and 1% increase in ammonia and urea sales respectively, the statement added. Adnoc's acquisition of OCI's 50% stake in Fertiglobe, set to be completed this year, is expected to drive the company's growth into new markets.

ICYMI- Fertiglobe has cut its energy intensity: Fertiglobe achieved a nearly 3% reduction in energy intensity in 2023 compared to 2022 despite a production increase. This improvement, along with purchasing renewable energy certificates for all their Egyptian and UAE facilities, marking 63% of the company's overall purchased electricity, helped cut Scope 2 emissions by an estimated 190k tonnes of CO2 equivalent.

TABREED-

District cooling firm Tabreed’s net income after tax fell 52% y-o-y to AED 112 mn in 1Q 2024 on the back of one-off gains in the same period last year,according to its earnings release (pdf). Tabreed posted AED 122 mn in net income before tax, marking a 4% y-o-y rise during the quarter. The district cooling company’s revenues remained relatively flat in 1Q at AED 468 mn, up 0.8% y-o-y from the AED 464 mn reported during the same period last year.

MA’ADEN-

Saudi mining giant Ma’aden more than doubled their bottomline y-o-y to SAR 981.7 mn in 1Q 2024mainly on the back of higher sales and lower costs of raw materials, it said in its earnings release (pdf). Revenues were down 8.7% y-o-y during the quarter to SAR 7.4 bn due to lower commodity prices except for gold and alumina.

It was a busy quarter: Some of Ma’aden’s key highlights during the quarter were the start of full operations at the Kingdom’s largest gold mine, Mansourah Massarah, with an annual production capacity of 250k ounces of gold. The company also focused on drilling for new gold finds in Uruq south of its gold mine. It also unveiled with California-based solar startup GlassPoint building the world’s largest industrial solar thermal project in Ras Al Kheir to decarbonize the company’s aluminum supply chain. The first phase of the project could supply nine tons of steam per hour.

And since then: Manara Minerals — a JV between Ma’aden and the PIF — completed earlier this month the acquisition of a 10% stake in Brazilian miner Vale Base Metals. Manara is 51% owned by Ma’aden, and 49% owned by PIF. The transaction is worth an estimated USD 2.6 bn, based on a USD 26 bn enterprise value the Brazilian mining giant had previously disclosed. Ma’aden also completed a SAR 5.6 bn transaction earlier in May which saw it up its stake in Ma’aden Wa’ad Al Shamal Phosphate — its JV with the Mosaic Company and Sabic — to 85% after it purchased Mosaic’s entire 25% stake.

Egypt’s Sun Way acquires Go Solar and Green Solar + Tadweer tender on new MRF facility

M&A WATCH-

Egypt’s Sun Way acquires Go Solar and Green Solar: Egyptian renewable energy firm Sun Way Egypt has completed its acquisition of Go Solar and Green Solar — two local firms operating in the installation and supply of solar energy projects — Sun Way Egypt CEO Ahmed Ghandour told Al Arabiya Business, without specifying the value of the transaction.

Next for Sun Way: The company is currently in talks with a number of EGX officials as it looks to list on the bourse. It has already grown familiar with the listing requirement and it aims to make its debut next year, Ghandour said.

WASTE MANAGEMENT-

Tadweer to build waste sorting facility in Abu Dhabi: The UAE’s Tadweer has issued tenders to establish Abu Dhabi’s first greenfield Material Recovery Facility (MRF), according to a statement. The plant will have the capacity to process 1.3 mn metric tonnes of waste annually and construction is set to begin by the end of the year with operations slated for 2026.

The details: The plant will sort recyclables from solid waste, reducing landfill use and producing materials for Abu Dhabi's waste-to-energy facility, the statement adds. The project will contribute to Tadweer Group's goal of diverting 80% of waste from landfills by 2030. The long-term plan for the facility also includes providing feedstock to produce sustainable aviation fuel.

Dubai launches new marine scraper to combat water pollution: Dubai has unveiled a smart marine scraper that will collect floating waste in creeks and water canals across the emirate, Wam reported. A new team has also been created to monitor water cleanliness.

The details: The marine scraper, which can carry 1k kg of waste, can be operated remotely with no range limit and is monitored via satellite at all times. The machine can be operated on 5G networks and is capable of identifying locations in need of clean-up.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Ooredoo + Seashore partner on e-waste recycling: Qatari telecommunications company Ooredoo and e-waste and recycling services company Seashore agreed to collaborate on sustainable e-waste management in Qatar. A trial for the initiative was launched in 2023, where customers would bring unwanted devices to Ooredoo stores to be collected by Seashore. (Statement)
Electric buses helped Qatar cut 43 mn kg of emissions: Integrating electric buses in Qatar’s public transport system helped the country offset 43 mn kg of CO2. Qatar is operating around 900 electric buses and aims to switch all public transport to electric by 2030. (The Peninsula, pdf)
Egypt + OECD talk green policy: Egypt’s Environment Ministry and the Organization for Economic Cooperation and Development (OECD) discussed drafting a roadmap for green growth policies in Egypt. (Statement)

Australia will invest USD 15 bn in energy transition

Australia putting big bucks into domestic renewables: Australia plans to move away from its reliance foreign suppliers with a new AUD 22.7 bn (USD 15 bn) initiative aimed at enhancing domestic manufacturing and renewable energy sectors, Reuters reports. Key components of the initiative include tax incentives worth AUD 7 bn for critical minerals processing, AUD 6.7 bn for renewable hydrogen production, and AUD 1.5 bn to support solar panel and battery supply chain development from the fiscal year ending June 2028 to the 2039/40 fiscal year, the newswire writes.

Capitalizing off of Australia’s mineral wealth: Australian manufacturing has faced challenges due to high labor costs and geographical isolation, but the initiative seeks to address these hurdles while capitalizing on Australia's mineral wealth. It will target the ailing nickel sector with strategic interventions to sustain competitiveness and secure domestic supply chains. Australia recently classified nickel as a critical mineral, allowing the nickel sector to unlock bns of USD in government funds.

UK’s “net zero” Teesside project will produce 20 mn tons of CO2, experts say: The Net Zero Teesside project, which is supported by fossil fuel giants BP and Equinor, is expected to emit 20 mn tons of carbon over its operational lifespan despite its "net zero" branding, The Guardian reports, citing research submitted to the UK government. The initiative aims to construct a gas fired power station in the UK using carbon capture utilization and storage (CCUS) technology. Although the project claims it will capture and bury 95% of its emission in the North Sea, this would still release 20 mn tons of CO2 emissions.

Skepticism around CCS: If carbon capture and storage (CCS) is widely used, companies would still only be able to maintain up to 20% of current oil and gas demand until 2050 without exceeding global warming targets outlined in the Paris Agreement. A number of factors hinder CCS’s capabilities, such as its high cost and potential environmental damage to residents near the storage sites.

IN OTHER UK NEWS- Japan’s Sumitomo Electric Industries broke ground on the UK’s first factory dedicated to high-voltage subsea cables, according to a statement. The Scottish factory will produce cables capable of transmitting electricity from wind farms over long distances and will bring in GBP 350 mn in investments, Bloomberg reported.

Sumitomo has big plans: Sumitomo has been chosen by the UK’s largest renewables generator SSEN Transmission — along with cable installer Van Oord — as the top bidder for a 525 kV Shetland 2 High Voltage Direct Current subsea transmission line between the Shetland Islands and the mainland. The 330-km-long cable would connect 2 GW to the UK’s network. Around 21 GW of offshore wind projects off the coast of Scotland need to be connected by the type of cable the factory will produce, according to Bloomberg.

EQT wants wind developer OX2: Swedish private equity firm EQT has offered to acquire OX2, one of Sweden's largest wind park developers, for around USD 1.5 bn, Bloomberg reports. The offer from EQT Infrastructure VI fund represents a 43.4% premium over OX2's last closing price. The move is part of EQT's strategy to invest in the energy transition across Europe and the US, including previous investments totaling approximately EUR 12 billion in the sector to acquire German power producer Tion Renewables and Cypress Creek Renewables in the US.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Itochu sets sights on South African USD 5.9 bn ammonia purchase: Japanese trading company Itochu is looking to buy a USD 5.9 bn green ammonia project from Hive Hydrogen South Africa that would make the country a world leader in clean ammonia production. Hive could start producing green ammonia from the plant in 2029 — with plans to sell to East Asia — and talks on an offtake agreement are underway. (Bloomberg)

CALENDAR

MAY 2024

13-15 May (Monday-Wednesday): World Hydrogen Summit, Rotterdam, Netherlands.

14-15 May (Tuesday-Wednesday): Invest in African Energy Forum, Paris, France.

14-16 May (Tuesday-Thursday): Airport Show, Dubai, UAE.

18-25 May (Saturday-Saturday) The World Water Forum, Bali, Indonesia.

19-21 May (Sunday-Tuesday): Saudi Energy Convention, Riyadh, Saudi Arabia.

20-22 May (Monday-Wednesday): Electric Vehicle Innovation Summit, Abu Dhabi, UAE.

28-30 May (Tuesday-Thursday): Make it in the Emirates Forum, Abu Dhabi, UAE.

JUNE 2024

4-5 June (Tuesday-Wednesday): Bonds, Loans & Sukuk Middle East, Dubai, UAE.

5 June (Wednesday): World Environment Day, Saudi Arabia.

5 June (Wednesday): The Optimism Forum, Cairo, Egypt.

5-7 June (Wednesday-Friday): Sustainability World Summit, Frankfurt, Germany.

10-12 June (Monday-Wednesday): The International Conference on European Energy Market, Istanbul, Turkey.

11-12 June (Tuesday-Wednesday): International Conference on Financing Investment and Trade in Africa, Tunis, Tunisia.

11-13 June (Tuesday-Thursday): Morocco Energy Week Summit, Marrakesh, Morocco.

18-19 June (Tuesday-Wednesday): Biofuels International Conference & Expo, Brussels, Belgium.

18-19 June (Tuesday-Wednesday): Sustainable Aviation Fuels Summit, Brussels, Belgium.

25-27 June (Tuesday-Thursday): Connecting Green Hydrogen Europe, Madrid, Spain.

26-27 June (Wednesday-Thursday): Decarbonizing Shipping Forum, Rotterdam, Netherlands.

JULY 2024

2-3 July (Tuesday-Wednesday): Nuclear Power Plants Summit & Expo, Istanbul, Turkey.

12-14 July (Friday-Sunday): G20 Leaders Summit, Rio de Janeiro, Brazil.

16-17 July (Tuesday-Wednesday): The Egypt Mining Forum, Cairo, Egypt.

AUGUST 2024

1 August (Thursday): Distributed Solar Summit, Dubai, UAE.

12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai, UAE.

24-26 August (Saturday-Monday): International Conference on Clean and Green Energy Engineering, Izmir, Turkey.

24-26 August (Saturday-Monday): International Summit on Non-Renewable and Renewable Energy, Valencia, Spain.

SEPTEMBER 2024

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

OCTOBER 2024

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai, UAE.

13-17 October (Sunday-Thursday): Cairo Water Week, Cairo, Egypt.

15-17 October (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

NOVEMBER 2024

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

11-22 November (Monday-Friday) United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh, Saudi Arabia.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

JANUARY 2025

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi. UAE.

FEBRUARY 2025

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

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.

November: 9th Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

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

UAE to have over 1k EV charging stations installed.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

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.

World Water Forum, Riyadh, Saudi Arabia.

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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