Manara Minerals inches closer to grabbing a stake in Pakistan’s Reko Diq mining project

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WHAT WE’RE TRACKING TODAY

TODAY: Manara Minerals inches closer to grabbing Reko Diq stake

Good morning, friends. The news cycle is showing no mercy this morning, with a heavy flow of updates from all parts of the region cutting across several subsectors of the industry. First, there are more alarms being sounded on the fate of low-lying areas of the tropical Pacific…

THE BIG CLIMATE STORY OUTSIDE THE REGION- UN chief sends SOS on rising ocean temperatures in the Pacific Islands: United Nations Secretary-General Antonio Guterres warned that ocean warming in the Pacific Islands was increasing at a rate that was three times faster than the global average, according to a statement by the World Meteorological Organization (WMO). “Global average sea levels are rising at an unprecedented rate … The reason is clear: greenhouse gases – overwhelmingly generated by burning fossil fuels – are cooking our planet. And the sea is taking the heat – literally,” Guterres said. Despite accounting for only 0.02% of global emissions, the Pacific Islands are uniquely vulnerable due to their low elevation and proximity to the coast.

Immediate action is needed: The WMO called for urgent action to reduce greenhouse gas emissions and enhance climate adaptation measures drastically. It also highlighted the importance of early warning systems, which it said were available in only one-third of Small Island Developing States globally.

WATCH THIS SPACE-

#1- Chinese automakers are turning to Algeria to skirt Western tariffs: Chinese automakers, including JAC, Geely and Chery, are working on completing investment procedures to begin local production in Algeria, Chinese Ambassador to Algeria Li Jian told Algerian news outlet El Khabar in an interview earlier this week. He said the sale of the locally manufactured vehicles would not be limited to Algeria, but would also be exported to other countries.

BYD’s local agent in Egypt is also eyeing domestic assembly: Egypt’s local BYD agent Al Amal Auto said the group plans to manufacture one of its EV models in Egypt by 2025, Amal Auto chairman Amr Soliman told Asharq Business yesterday. The group plans to invest over EGP 150 mn (c. USD 3 mn) for the assembly plan, Soliman said without providing further details.

ICYMI- BYD signed an agreement in July with the Turkish government to build a USD 1 bn EV and hybrid production plant in the country.

REMEMBER- Egypt’s local EV manufacturing and assembly efforts are picking up steam: GV Investments’ automotive arm GV Auto plans to start locally manufacturing Chinese state-owned auto manufacturer Faw Group’s cheapest EV model in 1Q 2025. The EVs will be exported to the Middle East, Africa, Europe and Latin America. The partnership will be backed up with an initial investment of EPG 3 bn.

Europe is another destination: Chinese electric vehicle maker Xpeng is looking to manufacture EVs in Europe to dodge import tariffs, CEO He Xiaopeng told Bloomberg in an interview earlier this week. Xpeng, along with German automaker Volkswagen, were in the initial phases of selecting a European site to localize production in the future, he added.

#2- Spain’s Teresa Ribera likely to become EU’s potential next green chief: Spain’s Ecological Transition and the Demographic Challenge Minister Teresa Ribera is poised to assume the role of EU’s next green commissioner with the environmentalist receiving backing from the bloc’s Greens and Socialists political groups, the Financial Times reports. Ribera is known for her strong advocacy of emissions reductions and her appointment will let her take the lead in implementing over 70 climate-related bills aimed at reducing EU greenhouse gas emissions by 55% by 2030.

Ribera believes economic growth can go hand in hand with green policies: “A proper combination of the social and green agendas is the best way to show we can ensure long-lasting economic performance and sustainability and attract new investment and innovation,” she told the FT. A green transition would allow the EU to “catch the opportunities” with “a more honest and open conversation with stakeholders” and a “bottom-up approach,” she said.

Opinions are split on the Spanish environmentalist: Current EU climate commissioner Wopke Hoekstra described Ribera as “very knowledgeable,” while an unnamed minister who worked with her during Europe’s energy crunch following the Russian invasion of Ukraine said she was “too activist and too socialist”.

IN OTHER EU NEWS- Climate groups sue EU over weak 2030 climate targets: Several climate groups, including Climate Action Network (CAN) Europe and the Global Legal Action Network (GLAN), are suing the EU for allegedly setting inadequate 2030 climate targets in key emitting industries, including agriculture, waste, and transport, The Guardian reports. These sectors — which account for over half of the bloc’s greenhouse gas emissions — are not included in the EU emissions trading scheme. The NGOs argue that the targets are not based on the best available science and fail to align with the Paris Agreement’s goal. The NGOs submitted their final written arguments this month with an oral hearing expected in 2025.

What they said: “The EU has to ramp up emissions reduction and achieve at least a 65% cut by 2030 if it wants to be a credible actor. The recent acceleration in expanding renewable energies in many countries and related cost reductions provide new momentum for this,” CAN Europe’s Head of Climate Sven Harmeling said.

THE SCORECARD-

US oil giant Exxon says global 2050 net zero goal is out of reach: Exxon Mobil has forecasted 2050 oil demand will remain the same or slightly higher than current levels at over 100 mn barrels a day, putting the world off track to reach net zero by 2050, Bloomberg reported earlier this week, citing the company’s Global Outlook (pdf). The spur in demand is fueled by a growth in industrial uses, including chemical production and heavy-duty transportation. Exxon sees global emissions starting to drop for the first time by 2030, with a 25% drop in emissions projected by 2050 as renewable energy sources grow.

Not on that pathway just yet: “The International Energy Agency (IEA) says, as do we, that the world is not on that pathway,” Chris Birdsall, Exxon’s director of economics and energy, told Bloomberg. “We have to be crystal clear on the path the world is on. Otherwise, we delude ourselves.” The IEA said global demand would have to drop 75% to 24 mn barrels a day by 2050 to limit warming to 1.5C.

REMEMBER- Others are in agreement: The world is transitioning away from fossil fuels too slowly, with fossil fuel consumption still breaking records and oil demand rising as countries operate in an “energy addition” phase rather than “substitution” phase, British oil firm BP said in July. The fossil fuel phase out will likely be “disorderly,” increasing the risk of high economic and social costs as climate change impacts are exacerbated, according to BP.

HAPPENING THIS WEEK-

UK-Egypt trade and investment in the spotlight: Our friends at HSBC, together with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), will host a webinar this week to discuss how to support infrastructure reforms, potential partnerships in Egypt, and ways to support and connect companies around the world. The webinar takes place next Thursday (29 August) from 12-1pm CLT / 1-2pm UAE.

Want to attend? You can sign up here.

The webinar is a scene-setter for the Egypt-UK Investment and Opportunities Forum in London on Monday, 16 September.

Infrastructure is a key part of the forum. The gathering — which follows on from a June infrastructure mission — will focus on promoting trade and investment in infrastructure, with an emphasis on green hydrogen and renewables as well as sectors including the auto industry, food processing, and tech.

Networking: The forum will include both open panels and pre-arranged business-to-business networking. It will also give attendees the chance to meet with government officials and industry leaders. GAFI will be on hand to deliver an economic update.

Want to join them in London? Register your interest in attending the event here.

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CIRCLE YOUR CALENDAR-

The UAE will host the World Utilities Congress from Monday, 16 September to Wednesday, 18 September in Abu Dhabi. The event will gather global energy leaders, policymakers, and other industry professionals from the power and water utilities value chain to discuss industry trends and challenges.

Saudi Arabia will host the EV Auto Show from Tuesday, 17 September to Thursday, 19 September in Riyadh. The show offers a platform for participants to learn about the latest EV technologies and services.

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

PIF-backed Manara Minerals inches closer to grabbing a stake in Pakistan’s Reko Diq mining project

PIF-backed Manara Minerals has submitted an offer to acquire a 15% stake in Barrick Gold’s Reko Diq copper and gold mining project in Pakistan, Express Tribune reports, citing unnamed Pakistani officials. The offer includes both a cash purchase of shares and a grant for infrastructure development around the mining area. Information about the grant size wasn’t disclosed. The feasibility study would be completed by December of this year, while commercial production is slated for 2028, the news outlet reports, citing Barrick Gold.

Background: Manara — a JV between the Public Investment Fund and mining giant Ma’aden — was said to be close to a USD 1 bn investment in the mining project. The copper-gold mine is 50% owned by Barrick Gold and is expected to start production in 2028. The move comes as Pakistan looks to reel in some USD 5 bn for investments in mining and agriculture from Saudi Arabia by 2025, Express Tribune says.

About Reko Diq: The project is 50% owned by Barrick Gold, 25% by Pakistan’s federal government, and 25% by Pakistan’s Balochistan province. Currently in the feasibility phase, production is expected by 2028. The estimated total project cost is between USD 6 bn and USD 6.5 bn, requiring USD 3 bn to USD 3.5 bn in debt financing.

WHAT’S NEXT- Pakistan has formed a negotiation committee to review the offer and recommend a final price to the federal cabinet. If accepted, Pakistan’s federal government will sell a 15% stake in the upcoming mining project. The federal government currently holds 25%. Infrastructure works tied to the acquisition will see Riyadh provide a grant to build the Mashkhel-Panjoor road, boosting connectivity to the mining area.

UAE’s Abundance to build solar panel factory in Kezad

Abundance set to build a solar panels plant in UAE: Khalifa Economic Zones Abu Dhabi (Kezad) signed a 50-year land lease agreement with UAE-based Abundance Solar Panels Industries to set up an AED 55 mn solar panels factory at Kezad’s Area A in Ras Al Khaimah’s Al Ma’mourah, according to a statement. The production capacity of the facility and a timeline for launch was not disclosed.

What we know: The solar factory, which will span 27k sqm, will produce solar panels and PV modules for industries and businesses moving towards green energy and energy efficiency, according to the statement.

IN OTHER UAE SOLAR NEWS-

Gstar to build PV facility in UAE: Singapore-based solar PV solutions provider Gstar signed an MoU with a consortium led by UAE’s investment company Siraj Holding to build a 2 GW solar module manufacturing facility in the UAE, according to a statement released earlier this week. The project is set to break ground in November and will produce high-efficiency N-type technology. The investment ticket for the planned facility was not disclosed.

About Gstar: Established in 2019, Gstar offers an integrated approach encompassing research and development, design, production, and sales, covering products from silicon wafers and cells to modules, according to its website.

UAE’s Hodler, Gewan to set up USD 250-500 mn digital energy infrastructure fund

Hodler Investments + Gewan Holdings establish digital energy infrastructure fund: Dubai-based investment firm Hodler Investments and Abu Dhabi-based investment conglomerate Gewan Holdings are working to set up a closed-ended, USD 250-500 mn digital energy infrastructure (DEI) fund, according to a press release. The fund has already secured soft commitments and in-kind contributions from undisclosed lead investors, the statement said, without disclosing the exact amount of commitments it secured.

Who’s involved? Dubai International Financial Center (DIFC)-based asset manager Ento Capital Management will advise on, structure, and help establish and manage the DEI Fund alongside Hodler and Gewan.

The fund has also secured offtake agreements with partners looking for connectivity and energy for mining and AI operations, with exclusive agreements worth some USD 300 mn from across the Middle East, Asia, Africa, North America, and Australia, the statement said.

What the fund is after: The DEI Fund will invest in a variety of income-generating, utility-like digital energy infrastructure projects, including power generation, data mining, blockchain, decentralized physical infrastructure, and AI. It will also allocate capital investments towards vertical technology startups operating fintech, decentralized finance, web3, or blockchain platforms and software. Projects will span across the digital energy value chain, including clean energy and power generation, and will aim to achieve zero emissions, the statement said.

The fund will also seek to acquire early to growth stage modern software tech companies that are active in digital infrastructure and software applications in the fields of fintech, AI, web3, and deFi, the statement added.

IN OTHER UAE INVESTMENT UPDATES-

ADIA expands its Indian investments: The Abu Dhabi Investment Authority (ADIA) invested INR 379.5 mn (AED 16.61 mn) in Indian solar cell manufacturer Premier Energies as an anchor investor ahead of its IPO, acquiring a 4.5% stake in the company, according to a filing (pdf). ADIA acquired the shares at a share price of INR 450 (AED 19.7).

The IPO will close tomorrow with a price range of INR 427-450 (AED 18.69 to AED 19.7) per equity share with a face value of INR 1. Other major investors include the Nomura Funds Ireland – India Equity Fund and Norway’s Government Pension Fund Global.

Jordan Ahli Bank and IFC launch USD 50 mn local sustainability bond

IFC + Jordan Ahli Bank launch Jordan’s first locally-issued sustainability bond: Jordan Ahli Bank has issued the country’s first sustainability bond valued at USD 50 mn in collaboration with the International Finance Corporation (IFC), according to a statement. The investment was provided through the IFC’s Global Small and Medium Enterprises Finance Facility which is funded by the UK and the Netherlands.

Where’s the money going? The bond’s proceeds will be channeled to increasing the onlending of climate finance for small and medium-sized enterprises seeking to decarbonize operations and cut down on energy costs and emissions, an IFC statement reads.

SMEs in Jordan have limited access to loans: SMEs account for 90% of Jordanian enterprises, yet struggle to gain access to loans as lending to SMEs only amounts to 10.7%. The IFC investment will also support the creation of up to 10k jobs to assist Jordan in reducing its 22% unemployment rate.

What they said: “Innovative private sector investments are needed to help Jordan’s banking sector transition toward sustainable finance and tackle pressing climate challenges,” IFC’s Regional Director for the Middle East, Pakistan and Afghanistan Khawaja Aftab Ahmed said.

IFC 💚 green bonds: The IFC helped Jordan Kuwait Bank issue in March last year USD 50 mn worth of five-year green bonds.The proceeds of the issuance were earmarked for the development of energy-efficient buildings, renewable energy plants, and electric vehicle projects in the country.

OCP’s USD 7 bn green ammonia plant to enter FEED phase in September

PROJECT UPDATE- Worley to begin FEED work on Moroccan mega green ammonia plant: Australian engineering services firm Worley will start Front-End Engineering Design (FEED) work on a USD 7 bn green ammonia plant by Moroccan state-owned fertilizer and phosphate giant OCP Group next month, according to a recently released annual report (pdf). Worley said its team was executing the FEED phase for the Tarfaya project with subsequent stages moving into engineering, procurement, and construction management (EPCM). Delivery will be led by Jesa — a joint venture between OCP Group and Worley, according to the statement.

In numbers: The project will include a transmission grid, hydrogen and ammonia plants and storage facilities all powered by wind and solar energy, Worley said in the report. Slated to be operational by 2027, the facility will initially produce 1 mn tons of green ammonia annually with production capacity reaching 3 mn tons by 2032.

There’s updates on other projects: The FEED phase for the Jorf Hydrogen Project (JH2P) — an industrial-scale green ammonia project in Morocco — should kick off in November 2024. The green ammonia plant’s output is estimated at 100k tons annually. Delivery for the project is being led by Jesa, with completion set for 2026.

All part of an ambitious plan by OCP: The project is part of OCP’s USD 12 bn green growth program over 2023-2027 under efforts by the fertilizers giant to boost output and shift to renewable energy to help it reach carbon neutrality by 2040. Most of the energy produced from the program will power 2-GW electrolyzers that extract hydrogen from water. The program sees 10 mn cbm of water derived from sea through desalination plants annually, with green hydrogen produced by electrolyzers acting as an input to the ammonia synthesis. Green ammonia would then be produced by mixing the produced green hydrogen with nitrogen derived through air separation units, according to the report.

OCP’s been drumming up finance to foot the bill: OCP Group secured a EUR 200 mn loan in June from the German Development Bank (KfW) to reduce water use and expand renewables production. It also raised USD 2 bn for its decarbonization strategy through a dual-tranche Eurobond a week after it started the roadshow for its international bond in April. The fertilizer company also received earlier this year a total of USD 188 mn in loans for desalination and renewable energy storage projects from the AfDB, the Clean Technology Fund and the Canada-African Development Bank Climate Fund.

DP updates emissions reductions targets after SBTi validation

DECARBONIZATION-

DP World sets new carbon reduction target after SBTi validation: Dubai-owned ports giant DP World has updated its Scope 1 emissions reduction target to 42% by 2030 from a 2022 base year, according to a statement. The logistics giant has committed to reduce Scope 2 GHG emissions and absolute Scope 3 GHG emissions by 62.2% and 28% by the end of the decade as part of the new emissions target.

On the right track: DP World secured validation from the Science Based Targets initiative (SBTi) — the world’s leading verifier of corporate net-zero targets — for its emissions reduction efforts. The SBTi validation makes DP World the first logistics company in the Middle East to receive such validation, according to the statement.

SOLAR-

UAE’s Yellow Door Energy expands solar portfolio: Dubai-based solar energy company Yellow Door Energy said it has commissioned 14 new solar power plants across the UAE, Bahrain, and Oman in 1H 2024, adding 20 megawatts peak (MWp) to its portfolio, according to a press release (pdf). The company also acquired five operating projects in Oman with a combined capacity of 3.5 MWp. The new solar plants feature 46k solar panels with rooftop solar, ground-mounted solar, and carport solar installations, according to the company.

Yellow Door Energy has also raised some funds in 1H 2024: It raised USD 28 mn in debt financing during the period to fund its expansion in providing solar leases and renewable energy technology, according to its statement. This builds on the USD 400 mn in equity raised from shareholders in 2022 for its projects in the Middle East and Africa.

CARBON MARKETS-

Egypt’s Misr Ins. wants to enter the carbon market: Misr Ins. has inked a preliminary agreement with Singapore-based Value Network Ventures (VNV) Advisory Services that will see it make its entry into Egypt’s newly-launched carbon market, VNV’s Omar El Nemr told Al Mal. VNV is no stranger to the country’s carbon market, having helped local agriculture firm Daltex purchase 1.5k carbon credits from an agroforestry project in India’s Punjab during the first day of trading.

ICYMI- We spoke with El Nemr this week to discuss the origins of VNV, the obstacles facing carbon projects worldwide, the future of carbon markets regionally, and more.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Sail + King Abdulaziz University ink MoU to boost marine environmental cooperation: The Marine Operations for Environmental Services (Sail) signed a cooperation agreement with King Abdulaziz University’s Faculty of Marine Sciences to enhance collaboration on marine environmental protection. The MoU focuses on environmental consultations, scientific research, laboratory development, and training programs among others. Sail is a subsidiary of the Public Investment Fund’s wholly-owned subsidiary Sirc (SPA)
Dubai Chamber of Commerce unveils ESG label: Businesses and organizations in Dubai that have been established for at least two years can now apply for the new Environmental, Social, and Governance (ESG) label launched by the Dubai Chamber of Commerce. The label, which indicates a business’s commitment to local and international ESG practices, is expected to boost brand reputation and attract investors to companies that earn it. (Statement)
UAE’s Eanan completes cargo eVTOL test flight: UAE’s advanced air mobility company Eanan completed a test flight of its S120 Heavy Cargo Drone. The Rikaz drone has a payload capacity of 1.5 kg and can fly up to 180 minutes. (Statement)

Linde to invest USD 2 bn to supply clean hydrogen to Dow’s Alberta plant

Linde to invest USD 2 bn in supply clean hydrogen to Alberta plant: Industrial gases giant Linde is set to invest over USD 2 bn to set up a clean hydrogen plant to supply Dow’s Path2Zero production complex — a net zero ethylene cracker and derivatives site — in Alberta, Canada, according to a statement yesterday. It will also supply clean hydrogen to existing and new industrial customers. The on-site complex is set to be the largest in Canada and one of the largest globally upon completion in 2028, according to Linde. It is Linde’s second new world-scale hydrogen project after an announcement last year on a clean hydrogen complex to supply to OCI’s world-scale blue ammonia plant in Texas.

Linde has been active in the region: The US-German industrial gases company supplied technology to the world’s first demo plant incorporating steam cracker furnaces powered by renewable energy that was inaugurated by Saudi petrochemicals giant Sabic in April in Germany. Emirati EPC contractor MMEC Mannesmann also signed an agreement with Linde last year for the supply and operation of a manual hydrogen refueling station in Dubai.

Taiwan to hold talks with EU over wind farm rules amid WTO dispute: Taiwan is set to send representatives to Europe next month to address its local-content policy to set up wind farms after the EU requested dispute-settlement talks at the World Trade Organization (WTO) , Bloomberg reports. The EU argues that Taiwan’s policy, which requires developers to source a portion of equipment and services from local manufacturers, discriminates against imported goods and services, leading to higher costs and efficiency losses.

Taiwan is open to compromise: “The European Union is quite concerned about wind power, and Taiwan will discuss a way with the EU that can be accepted by domestic and foreign manufacturers,” Taiwan’s Economic Affairs Ministers Kuo Jyh-huei told reporters.

REMEMBER- Taiwan’s flourishing wind industry has been taking multiple hits: Taiwan has a burgeoning wind industry that contributed significant offshore wind installations in recent years. However, it suffered several blows on the back of rising costs, delays, and the exit of Japanese firms.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Microsoft to buy solar power generated from Singapore’s public buildings: US tech giant Microsoft has inked a 20-year offtake agreement to purchase 100% of the solar energy generated by Madrid-based EDP Renewables’ SolarNova8 project in Singapore. The project, which can produce up to 200 MW, sees the installation of panels in hundreds of Singapore’s public housing and government-owned buildings. (Statement)

Scientists are using bacteria to extract rare metals in green tech push

Researchers harness bacteria for metal extraction: Scientists at the University of Edinburgh are experimenting with the use of bacteria to extract rare metals essential for the development of green technology, including lithium, cobalt, and manganese, The Guardian reported earlier this week. Without these microbes, the supply of raw materials needed for these technologies could be at risk, the researchers argue.

How it works: The team is using bacteria to extract valuable metals from old batteries and discarded electronic equipment. The bacteria used in the process naturally latch onto metal atoms, converting them into nanoparticles. “Bacteria are wonderful, little crazy things that can carry out some weird and wonderful processes. Some bacteria can synthesize nanoparticles of metals, for example. We believe they do this as a detoxification process. Basically they latch on metal atoms and then they spit them out as nanoparticles so that they are not poisoned by them,” Professor Louise Horsfall, chair of sustainable biotechnology at Edinburgh said.

Developing a circular economy: This approach is seen as crucial for developing a circular economy, which is necessary for competing with China’s dominance over critical minerals, according to researchers. “To get around these problems we need to develop a circular economy where we reuse these minerals wherever possible, otherwise we will run out of materials very quickly,” Horsfall said.

What’s next: The team plans to enhance the efficiency of metal extraction using gene-edited bacteria and to demonstrate that these recycled metals can be used in new batteries and devices. This innovation will be vital in meeting upcoming legislative requirements that mandate the use of recycled metals in green technology by the next decade.

CALENDAR

SEPTEMBER 2024

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

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

23-25 September (Monday-Wednesday): Powerlec Bahrain 2024, Manama, Bahrain.

24- 25 September (Tuesday – Wednesday): Mediterranean Carbon Reduction Forum, Tunisia.

25-26 September (Wednesday-Thursday): Green Steel Summit, Dubai, UAE.

OCTOBER 2024

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

1-3 October (Tuesday-Thursday): Cairo Sustainable Energy Week, Cairo, Egypt.

2-3 October (Wednesday-Thursday): World Green Economy Summit, Dubai, UAE.

10-12 October (Thursday-Saturday): The IEEE International Conference on Artificial Intelligence & Green Energy, Yasmine Hammamet, Tunisia.

10-12 October (Thursday-Saturday): EVs Electrify Egypt Summit 2024, Cairo, Egypt.

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

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

15-16 October (Tuesday-Wednesday): Solar & Storage Live KSA, Riyadh, Saudi Arabia.

16-17 October (Wednesday-Thursday): Upscaling Investment on Small-Scale Renewable Energy in Rural Areas Forum, Tunis, Tunisia

NOVEMBER 2024

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

4-8 November (Monday-Friday): AfricanEnergy Week, Cape Town, South Africa.

6-7 November (Wednesday-Thursday): Renewable Energy Forum Africa, Tunis, Tunisia.

6-7 November (Wednesday-Thursday): Critical Mineral Africa Summit, Cape Town, South Africa.

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, Abu Dhabi, UAE.

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

19-22 November (Tuesday-Friday) Aquaculture Africa 2024, Hammamet, Tunisia.

26- 27 November: (Tuesday – Wednesday): World Food Security Summit, Abu Dhabi, UAE.

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

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

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.

3-4 December (Tuesday-Wednesday): MSGBC Oil, Gas & Power 2024 conference, Dakar, Senegal.

JANUARY 2025

12-15 January (Sunday-Wednesday): World Renewable Energy Congress, Manama, Bahrain.

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

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh, Saudi Arabia.

FEBRUARY 2025

23-25 February (Sunday- Tuesday): Global Water Energy and Climate Change Congress, Manama, Bahrain.

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

24-27 February (Monday-Thursday): Oman Climate Week, Muscat, Oman.

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: 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.

Middle East Electric Vehicle Show, Sharjah, UAE.

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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