{"id":76770,"date":"2023-04-03T02:00:50","date_gmt":"2023-04-03T02:00:50","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76770"},"modified":"2025-12-15T08:44:40","modified_gmt":"2025-12-15T08:44:40","slug":"saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/","title":{"rendered":"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia"},"content":{"rendered":"<section id=\"76772\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76772\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\r\n                            TODAY: Saudi Arabia\u2019s IsDB earmarks USD 403 mn for Egypt and Central Asia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: Saudi Arabia\u2019s IsDB earmarks USD 403 mn for Egypt and Central Asia&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/&title=TODAY: Saudi Arabia\u2019s IsDB earmarks USD 403 mn for Egypt and Central Asia\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+Saudi+Arabia%E2%80%99s+IsDB+earmarks+USD+403+mn+for+Egypt+and+Central+Asia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Ftoday-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/160.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76773\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/today-saudi-arabias-isdb-earmarks-usd-403-mn-for-egypt-and-central-asia\/160-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/160.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"160.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/160.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/160.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76772\" class=\"content-area-description single-story post-76772 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-bahrain tag-cop28 tag-egypt tag-enterpriseclimate tag-eu tag-evs tag-green-finance tag-green-hydrogen tag-jordan tag-minerals tag-mining tag-morocco tag-oman tag-renewables tag-saudi-arabia tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, ladies and gents. <\/strong>It\u2019s a busy start to the week with a lot of ground to cover, so let\u2019s dive right in.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Saudi Arabia\u2019s Islamic Development Bank will provide c. USD 403 mn for three projects in Egypt, Kyrgyzstan, and Tajikistan with a bulk of the financing going towards Egypt\u2019s 660 km first phase of the Sokhna-Alexandria electric high-speed rail line.<\/p>\n<p><strong>^^We have all the details on this story and more in the news well, below.<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- US unveils strict EV tax<\/strong><strong> credit rules: <\/strong>The US Treasury Department <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1379\">laid out subsidy criteria<\/a> for the USD 7.5k tax credits of the Inflation Reduction Act (IRA) on Friday \u2014 aimed at lowering consumer costs and strengthening US manufacturing and supply chains \u2014 that will leave most automakers ineligible for the IRA\u2019s full EV subsidy. The new guidance \u2014 which will come into effect on 18 April \u2014 stipulates that 50% of net EV battery components\u2019 value and 40% of rare earth values be sourced in the US or from freetrade partners to qualify for the full USD 7.5k subsidy. The US will up its target to source EV minerals domestically or from freetrade allies 10% each year, eventually doubling the quota by 2027 to 80%. Automakers including Tesla \u2014 which uses Chinese batteries \u2014 have already begun informing their customers their models would not qualify for the full tax credits, and that their lineups would consequently be affected. The full list of EVs eligible for the tax credits is due to be published in coming weeks.<\/p>\n<p><strong>What does this mean for us? It could pave the way for minerals exports from the region:<\/strong> The subsidy criteria for the tax credits give room for battery minerals sourced from US freetrade partners including Bahrain, Jordan, Morocco, and Oman, according to the US Treasury statement.<\/p>\n<p><strong>The story made headlines in the international press over the weekend:<\/strong> <a href=\"https:\/\/www.nytimes.com\/2023\/03\/31\/business\/energy-environment\/electric-vehicles-treasury-tax-credits.html\">New York Times<\/a> | <a href=\"https:\/\/news.bloombergtax.com\/daily-tax-report-international\/biden-makes-ev-credits-elusive-in-bid-for-us-auto-renaissance\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/6b7fdca1-d2ab-41b4-aad1-73b87e2d4bbd\">Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/us-unveils-stricter-ev-tax-credit-rules-take-effect-april-18-2023-03-31\/\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/electric-vehicles-tax-credit-7500-c562cb2d3509e93dc81d3b7d395725af\">Associated Press<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>OVER IN COPLAND<\/strong>- <strong>Could we see a loss and damage fund by November? <\/strong>The <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b485ea89-be82-498c-a46a-47e7ddcae91e\">landmark loss and damage fund<\/a> agreed during COP27 could be finalized and set in place by the time COP28 takes place in the UAE in November, Egypt\u2019s lead climate negotiator Amb. Mohamed Nasr said Thursday, according to <a href=\"https:\/\/www.reuters.com\/business\/environment\/loss-damage-climate-fund-should-be-place-this-year-egyptian-negotiator-2023-03-30\/\">Reuters<\/a>. His statements came during a press briefing after the conclusion of the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/880a6bfd-11d7-4c5a-9482-6287765a2ddf\">first meeting of the COP transitional committee<\/a> in Luxor meant to iron out details related to the fund. The committee will meet again on 24-27 May, 29 August-1 September, and 17-20 October, with an additional two workshops planned on 29 and 30 April in Bonn and 22-23 July in Bangkok.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>WATCH THIS SPACE #1-<\/strong> <strong>EU angles for a higher share of renewable energy use by <\/strong><strong>2030:<\/strong> The EU is aiming to raise renewables\u2019 share of its energy mix to 42.5% by 2030 \u2014 up from a current 32% \u2014 with the potential to reach 45% after the bloc signed a provisional agreement for more ambitious climate action last Thursday, <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/eu-reaches-deal-more-ambitious-renewable-energy-targets-2030-2023-03-30\/\">Reuters<\/a> reports. The agreement breaks down targets for the different sectors, with the transport sector expected to reach a 29% share of renewable energy and the industrial sector reaching a 42% renewable energy share by 2030. The agreement is yet to be approved by the EU Parliament and countries to become law, the newswire notes. The 27 EU member states currently face major discrepancies between their renewables consumption, with Sweden for example leading with a 63% renewables share, compared with the Netherlands, where renewables make up less than 13% of its energy mix.<\/p>\n<p><strong>This could translate to big regional hydrogen exports:<\/strong> Some European nations are expected to turn to MENA and the GCC in a bid to secure green and blue hydrogen imports to fulfill the EU\u2019s 2030 renewable energy targets, an <a href=\"https:\/\/www.clean-hydrogen.europa.eu\/media\/news\/press-release-study-hydrogen-ports-and-industrial-coastal-areas-2023-03-30_en\">extensive study<\/a> conducted by Deloitte Belgium Energy for the EU\u2019s Clean Hydrogen Partnership found. The study sees Belgium, Netherlands, Denmark, and North of Germany relying on imports from Morocco, Egypt, Algeria, Oman, Saudi Arabia, and Qatar to cover between 40% and 80% of total hydrogen consumption.<\/p>\n<p><strong>Some are already in play:<\/strong> Several preliminary agreements for green hydrogen have been signed between a number of MENA countries and European counterparts. Oman signed agreements with companies from Belgium, the Netherlands, the UK, Japan, Singapore, and Germany <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40455595-d905-4d49-a583-ee97e18a20cb\">last month<\/a> for the establishment of green hydrogen production plants in the country. Egypt also signed a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fca6e16-feca-4c33-b94b-1147cb91ff4a\">spate of agreements<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f2251cd-82db-4ba9-9ef9-b1287b0bef1f\">last year<\/a> for the manufacture of green hydrogen and its derivatives, including one with Germany\u2019s DAI. Similarly, Qatar is also going big on hydrogen production, with QatarEnergy\u2019s renewables arm signing agreements for a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cc2bd5c8-79fc-4993-8806-6cac0e90c6fc\">USD 1 bn blue ammonia plant<\/a>, which Germany\u2019s ThyssenKrupp AG is helping build. Morocco is also joining the green hydrogen spree in the region, with the country <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b45de912-e322-4b2a-bf2b-88d4e1060db4\">receiving EUR 38 mn<\/a> from Germany to finance its first green hydrogen plant.<\/p>\n<p><strong>Saudi Arabia in particular has big EU export targets:<\/strong> KSA\u2019s Acwa Power signed an MoU with Austrian utilities firm Verbund <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bdeb5325-4d33-4bdf-b588-15fd30a9616e\">in January<\/a> to explore the establishment of green hydrogen plants in MENA, with an eye on exporting the green fuels to Austria and Central Europe. 100% of the green hydrogen produced in the USD 8.5 bn mega green hydrogen plant in Neom will be also available for export, with project co-developer US-based Air Products looking to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/667db3a4-e073-4568-bb2e-5ea77b26e032\">earmark a sizable portion<\/a> of Neom\u2019s green fuels for Germany. Greece has also been <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f3bb1924-9dc1-4866-b00f-d3f50b07744c\">exploring green hydrogen imports<\/a> from Saudi\u2019s Neom, with plans to lay a cable connecting Saudi to Europe.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- PIF aims to quadruple its portfolio by 2030:<\/strong> KSA\u2019s sovereign wealth fund the Public Investment Fund (PIF) aims to raise the value of its assets under management to between USD 2-3 tn by 2030, <a href=\"https:\/\/www.spa.gov.sa\/viewstory.php?lang=ar&newsid=2439753\">SPA<\/a> reported, citing statements by PIF governor Yasir Al Rumayyan during the The Global Priority Summit in Miami on Friday. PIF currently manages assets worth USD 650 bn, with plans to raise it to USD 1 tn by the end of 2025.<\/p>\n<p><strong>And renewables are a big draw:<\/strong> The PIF is the world\u2019s biggest investor in renewable energy and green hydrogen under the country\u2019s target of net zero emissions by 2050, Al Rumayyan said. He added that Saudi Arabia was the least energy emitting country globally with 10.5 grams of carbon in comparison with other energy producers who release up to 25 kg of carbon.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- Months later, the UK is still mulling over Morocco\u2019s Xlinks <\/strong><strong>project:<\/strong> The UK government is studying \u201cwithout commitment\u201d the viability of the USD 18 bn 10.5 GW <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23cad848-c456-4d92-9aab-718df4452c82\">Morocco-UK Xlinks renewables project<\/a>, according to the <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1148252\/powering-up-britain-energy-security-plan.pdf\">Powering Up Britain \u2013 Energy Security<\/a> policy paper released last week. Progress on the project \u2014 which would see 3.6 GW of clean energy generated in Morocco transported to the UK \u2014 has been \u201cfrustratingly slow,\u201d Xlinks Executive Chairman David Lewis <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/23cad848-c456-4d92-9aab-718df4452c82\">said<\/a> last year, adding the company would divert the power produced elsewhere if the UK does not commit to financing the project soon.<\/p>\n<p><strong>REFRESHER- <\/strong>The Xlinks renewable energy project in Morocco is set to generate 10.5 GW of solar and wind energy once operational. Some 3.6 GW of electricity would make its way to the UK through four sub-sea cables stretching 3.8k km \u2014 potentially the world\u2019s longest undersea electric cable connection. When completed, it is expected to supply 8% of the UK\u2019s electricity needs. The project could be completed by 2030 if the UK delivers an assurance this year that consumers will pay a fixed price of GBP 48 per MWh for the power delivered, Lewis said in an interview with <a href=\"https:\/\/www.thetimes.co.uk\/article\/xlinks-morocco-project-could-throw-britain-a-renewable-energy-lifeline-9s7bvlqjc\">The Times<\/a> last year.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>WATCH THIS SPACE #4-<\/strong> <strong>Emerging markets are still in play for clean energy <\/strong><strong>investors:<\/strong> Fixed electricity prices, long term supply contracts, and risk ins. will spur renewables developments in emerging markets, <a href=\"https:\/\/www.wsj.com\/amp\/articles\/clean-energy-focused-firms-make-the-case-for-emerging-markets-3ab5bac2?page=1\">The Wall Street Journal<\/a> quotes panelists as saying at a conference organized by Global Private Capital Association in New York last week. Although an increase in government incentives in developed countries like the US\u2019 Inflation Reduction Act may steer a chunk of investments away from emerging markets, long term supply agreements for renewables plants and fixed electricity prices pegged to the USD should drive significant foreign investments to developing markets, co-founder and Managing Partner at Emirati firm Alcazar Energy Daniel Calderon and Actis Partner Neil Brown said.<\/p>\n<p><strong>Good news for the region: <\/strong>Egypt and Jordan are named as emerging economies with significant clean energy production potential and the regulations in place to back it up, enabling long term revenue-building visibility for investors, Brown says. In spite of heftier electricity price tags in some developing countries, long term power purchase agreements ensure profitability for developers in Southern Mediterranean markets like Egypt and in Eastern European countries, according to Calderon, who said Alcazar is seeking to fill an investment gap in emerging markets\u2019 renewables sector. Alcazar already proposed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ab5ebab-55a1-4a68-97a3-0f02e5b4e147\">build<\/a> a green ammonia facility in Egypt and is also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eabbb6a3-3a5e-4df9-9910-a489d4ba7f32\">eyeing new renewables projects<\/a> in partnership with Egypt-based construction firm Madkour Group.<\/p>\n<p>***<br \/>\n <strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/exportsfdi.enterprise.press\/registration.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/832.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>We are delighted to share with you that the Enterprise Exports & FDI Forum<\/strong> will be taking place on <strong>15 May<\/strong> at <strong>the Four Seasons Hotel at Nile Plaza in Cairo.<\/strong><\/p>\n<p><strong>DO YOU WANT TO ATTEND?<\/strong> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">click here<\/a> to request a spot at this exclusive event.<\/p>\n<p><strong>WANT TO SHARE YOUR STORY ON STAGE?<\/strong> Drop a note to <a href=\"mailto:patrick@enterprisemea.com\">Patrick here and let\u2019s talk<\/a>.<\/p>\n<p><strong>WANT TO BECOME A COMMERCIAL PARTNER?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa, our head of commercial, here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UAE is hosting the International Conference on Green Energy and <\/strong><strong>Environmental Technology (<\/strong><strong><a href=\"http:\/\/www.icgeet.igrnet.org\/279\/united-arab-emirates\/\">ICGEET<\/a><\/strong><strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n<p><strong>The first <\/strong><strong><a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/about-mena-sc\/\">MENA Solar Conference<\/a><\/strong><strong> is accepting applications from published<\/strong><strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers <a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/paper-submission-1\/\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76774\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76775\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76775\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\r\n                            Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt and Central Asia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt and Central Asia&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/&title=Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt and Central Asia\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi%E2%80%99s+Islamic+Development+Bank+earmarks+USD+403+mn+for+Egypt+and+Central+Asia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fsaudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1009.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76776\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-and-central-asia\/1009-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1009.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1009.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1009.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1009.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76775\" class=\"content-area-description single-story post-76775 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-climate-finance tag-egypt tag-enterpriseclimate tag-green-finance tag-isdb tag-kyrgyzstan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>KSA\u2019s IsDB is backing sustainability projects:<\/strong> The Islamic Development Bank (IsDB) will provide c. USD 403 mn for three projects in Egypt, Kyrgyzstan, and Tajikistan under efforts to back socio-economic development and promote sustainable energy and transport, according to a <a href=\"https:\/\/www.isdb.org\/news\/isdb-board-approves-financing-of-projects-worth-us-403-million-for-sustainable-development-and-economic-transformation\">statement<\/a> released on Saturday.<\/p>\n<p><strong>Egypt\u2019s high-speed rail is getting a boost:<\/strong> Egypt is set to receive the biggest chunk of the earmarked funds, with the IsDB set to provide EUR 318 mn (USD 344.5 mn) in financing to its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c77944-a194-421e-b52d-c3ab09523df6\">660-km first phase<\/a> of the Sokhna-Alexandria high-speed rail line, the statement notes. The sixth-longest rail network in the world \u2014 described as a \u201cclimate-resilient electric express railway system\u201d \u2014 will connect 60 Egyptian cities with trains running at up to 230 km\/h, slashing greenhouse gas emissions by c.250k tons of CO2 annually. The IsDB will be joining <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/49e94fca-e544-45f3-90bd-06a9a43cb6c2\">several unnamed European banks<\/a> who will be providing international funding for the high-speed rail link.<\/p>\n<p><strong>And Central Asia is getting support:<\/strong> IsDB will provide additional financing to the tune of USD 13 mn for Kyrgyzstan's Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) under a bid to meet growing demand for electricity in Afghanistan and Pakistan through cross-border energy exchange, the statement notes. The IsDB has already approved an initial USD 50 mn for the project. The project will use Kyrgyzstan and Tajikistan\u2019s hydropower resources, paving the way for sustainable electricity trade between Central and South Asia when it goes live.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-finance\/\">climate finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/isdb\/\">IsDB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/kyrgyzstan\/\">Kyrgyzstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76777\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76777\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/\">\r\n                            Saudi Arabia's Al Rajhi Bank raises USD 1 bn in sustainable sukuk                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Saudi Arabia's Al Rajhi Bank raises USD 1 bn in sustainable sukuk&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/&title=Saudi Arabia's Al Rajhi Bank raises USD 1 bn in sustainable sukuk\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Saudi+Arabia%27s+Al+Rajhi+Bank+raises+USD+1+bn+in+sustainable+sukuk+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fsaudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1010.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76778\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/saudi-arabias-al-rajhi-bank-raises-usd-1-bn-in-sustainable-sukuk\/1010-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1010.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1010.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1010.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1010.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76777\" class=\"content-area-description single-story post-76777 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-sukuk tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 has raised <\/strong><strong>USD 1 bn from its <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7bf65b16-5426-4fbd-80a0-fcb2ecd2e0c1\">five-year USD-denominated sustainable sukuk issuance<\/a><\/strong>, according to a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lZBfb4IwFMU_yx581F4kIttbNzLU-B-dyosp5YokQEkpOvfpB-K26HRxhIf25HdOz73EJUviJmwXBkyFImFRcV-5xrpFDWh2TBhBZ_YCBji2MZ-ZmtU0yOIcMAe2AZMhnYya7RbYb0Dcf_nBGbdg8joe6H2Ygg3GfX648dE73nfPkRF9bBcNes92t09102hfAldGvHjk9wxH4I-SPeIGkfCqhdPE082AuBI3KFE2clnIW6XS7KkGNdjv941AiCDCBhdxDa5ZtiJTZHlOEgeT47raN_fR1chCYiZyyZFMA1Q0SUSecIwxUf0wUxZTjEw441vs4w6jMQuQOOV8zN-FmZBZSZFVXSu1DLkS0kq7_rdyiD0RkVV5TqXwc65mhxQrQYki_nROi2An_ChuGlRRTPJtxWpfwDCPPZSWd5I2UsQ_CayszsviJ9e6qqDwXTnHtIrzC8cYZSiKkiSN5_MlhN266x10PaaxqZ__e_rwCU8LrmU!\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC8xMTIwL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzcyNzU1\/\">disclosure to Tadawul<\/a> on Thursday. The bank issued 5k bonds at a par value of USD 200k, with the sukuk carrying a yield of 4.75% per annum, the disclosure notes. The sukuk will be listed on the London Stock Exchange\u2019s International Securities Market, with the settlement of the issuance set on Wednesday, 5 April.<\/p>\n<p><strong>Advisors:<\/strong> Al Rajhi Capital Company, Citigroup, Emirates NBD Bank, Goldman Sachs, HSBC, JPMorgan Securities, KFH Capital, and Standard Chartered Bank were appointed as joint lead managers and bookrunners for the issuance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76779\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76779\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">MINERALS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/\">\r\n                            Luxembourg\u2019s ERG eyes investments in regional minerals                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Luxembourg\u2019s ERG eyes investments in regional minerals&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/&title=Luxembourg\u2019s ERG eyes investments in regional minerals\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Luxembourg%E2%80%99s+ERG+eyes+investments+in+regional+minerals+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fluxembourgs-erg-eyes-investments-in-regional-minerals%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1011.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76780\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/luxembourgs-erg-eyes-investments-in-regional-minerals\/1011-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1011.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1011.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1011.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1011.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76779\" class=\"content-area-description single-story post-76779 post type-post status-publish format-standard has-post-thumbnail hentry category-minerals tag-egypt tag-enterpriseclimate tag-evs tag-jordan tag-minerals tag-mining tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>ERG is eyeing mining in the Arabian-Nubian Shield: <\/strong>Luxembourg-headquartered Eurasian Resources Group (ERG) is looking to build up a portfolio of energy transition minerals by investing in mining activities in MENA and the GCC, CEO Benedikt Sobotka said in an interview with <a href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/metals\/032923-erg-to-explore-where-geology-takes-it-as-critical-minerals-demand-rises-ceo\">S&P Global<\/a> last week. The group identified the <a href=\"https:\/\/link.springer.com\/chapter\/10.1007\/978-3-030-72995-0_1\">Arabian-Nubian Shield<\/a> \u2014 a geological phenomenon located in parts of Jordan, Egypt, Saudi Arabia, Sudan, Eritrea, Ethiopia, Yemen, and Somalia \u2014 as one of the regions with potential.<\/p>\n<p><strong>ERG is pumping big money in Africa in the next 5 years:<\/strong> ERG plans to invest some USD 1.8 bn over the next five years to double its copper and cobalt production in Africa. Copper, cobalt, nickel, and lithium are <a href=\"https:\/\/www.iea.org\/reports\/the-role-of-critical-minerals-in-clean-energy-transitions\/mineral-requirements-for-clean-energy-transitions\">critical minerals<\/a> for EV and battery storage production, which are expected to see a massive jump in demand in the coming years as countries roll out their plans for energy transition, S&P writes.<\/p>\n<p><strong>ERG looks to KSA to establish its regional presence: <\/strong>The group announced that it will invest <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/48a3ef3c-8ddb-4572-8be9-7345a234be1b\">USD 50 mn<\/a> in Saudi Arabia\u2019s mining sector last January. ERG said it is planning large-scale and tech-driven, early-stage exploration for battery transition materials in KSA\u2019s Dawadmi region and has already secured licenses. ERG will set up two offices in KSA \u2014 one in Riyadh and the other in Jeddah \u2014 with its presence on the ground serving as a springboard for the company\u2019s growth in MENA.<\/p>\n<p><strong>ERG is not the only one eyeing the kingdom\u2019s minerals:<\/strong> The UK formed its first-ever <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c36e751b-92e4-4bd7-9d5d-526732ac88a6\">partnership on critical minerals<\/a> with Saudi Arabia in January in a bid to collaborate to diversify sources of critical minerals and shore up its critical mineral supply chains and reduce its dependence on China. The kingdom launched the pre-qualification stage for five mining exploration sites in <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/521916a1-a148-44c9-a4eb-47ef06b2ad4e\">February<\/a>, and a potential 10 other mining licenses may be up for grabs this year, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-award-over-dozen-mining-exploration-licences-2022-11-02\/\">Reuters<\/a> reported. The kingdom says it has untapped metals and minerals \u2014 including copper, zinc, phosphate, and gold \u2014 collectively <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">worth USD 1.3 tn<\/a>.<\/p>\n<p><strong>And KSA is reportedly <\/strong><strong>sinking bns in<\/strong><strong> the sector: <\/strong>A joint venture between Saudi mining company Maaden and the Public Investment Fund (PIF) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">established in January<\/a> is preparing to deploy over <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c36e751b-92e4-4bd7-9d5d-526732ac88a6\">USD 15 bn<\/a> of capital for investments in global mining investments over the coming years. The kingdom said at the time that it has untapped metals and minerals \u2014 including copper, zinc, phosphate, and gold \u2014 collectively worth USD 1.3 tn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76781\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76781\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">NUCLEAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/\">\r\n                            Construction of Dabaa nuclear plant\u2019s third reactor gets the green light                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Construction of Dabaa nuclear plant\u2019s third reactor gets the green light&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/&title=Construction of Dabaa nuclear plant\u2019s third reactor gets the green light\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Construction+of+Dabaa+nuclear+plant%E2%80%99s+third+reactor+gets+the+green+light+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fconstruction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/947.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76782\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/construction-of-dabaa-nuclear-plants-third-reactor-gets-the-green-light\/947-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/947.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"947.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/947.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/947.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76781\" class=\"content-area-description single-story post-76781 post type-post status-publish format-standard has-post-thumbnail hentry category-nuclear tag-egypt tag-enterpriseclimate tag-nuclear-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>More progress on Egypt\u2019s nuclear plant: <\/strong>The Egyptian Nuclear & Radiological Regulatory Authority (ENRRA) has granted permission for the construction of the third 1.2 GW reactor at Egypt\u2019s 4.8 GW Dabaa nuclear power plant, according to a <a href=\"https:\/\/bit.ly\/42V4RY7\">statement<\/a> last week. No timeline has been released on when construction will begin. The approval comes after construction of the second reactor <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b9dfcb34-4300-4bca-bab7-9c3c499d128b\">began in November<\/a>.<\/p>\n<p><strong>REMEMBER-<\/strong> Egypt and Rosatom began construction on the USD 30 bn plant in <a href=\"https:\/\/enterprise.press\/stories\/2022\/07\/21\/rosatom-starts-construction-of-dabaa-nuclear-plant-76321\/\">July 2022<\/a>, kicking off an eight-year construction timeline that is expected to see it come online at the beginning of the next decade. The plant\u2019s construction had faced delays in schedule in recent years due to the covid-19 pandemic. Rosatom was contracted in 2015 to handle the construction and provide fuel for the plant which features four 1.2 GW reactors. 85% of the facility\u2019s financing is through a USD 25 bn loan from Russia, with Egypt scheduled to begin repaying the sum in October 2029.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76783\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76783\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">SMART CITIES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/\">\r\n                            Morocco\u2019s OCP Group extends USD 1 bn to Mohammed VI Polytechnic University                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Morocco\u2019s OCP Group extends USD 1 bn to Mohammed VI Polytechnic University&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/&title=Morocco\u2019s OCP Group extends USD 1 bn to Mohammed VI Polytechnic University\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Morocco%E2%80%99s+OCP+Group+extends+USD+1+bn+to+Mohammed+VI+Polytechnic+University+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fmoroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1012.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76784\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/moroccos-ocp-group-extends-usd-1-bn-to-mohammed-vi-polytechnic-university\/1012-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1012.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1012.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1012.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1012.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76783\" class=\"content-area-description single-story post-76783 post type-post status-publish format-standard has-post-thumbnail hentry category-smart-cities tag-enterpriseclimate tag-hydrogen tag-morocco tag-renewables tag-smart-cities wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Morocco\u2019s UM6P secures nearly USD 1 bn in financing:<\/strong> Morocco\u2019s Mohammed VI Polytechnic University (UM6P) has raised USD 986 mn from the <a href=\"https:\/\/www.ocpfoundation.org\/\">OCP Foundation<\/a> to support green expansion plans and smart city projects in Morocco\u2019s <a href=\"https:\/\/sadv.ma\/sites\/default\/files\/2020-10\/OCP_Brochure%20SADV_VilleVerte_VAng_Couv3Volets_22x22cm%20V2.pdf\">green city of Benguerir<\/a>, <a href=\"https:\/\/www.moroccoworldnews.com\/2023\/04\/354797\/moroccos-um6p-raises-nearly-1-billion-funds-from-ocp-foundation\">Morocco World News<\/a> reports.<\/p>\n<p><strong>What we know:<\/strong> UM6P will channel the funds provided by OCP to expand campuses Rabat, Benguerir, and Laayoune focusing on smart city and green construction projects, including the <a href=\"https:\/\/planho.com\/portfolio\/smart-health-care-city\/?lang=en\">Smart Health Care City<\/a> project it is building in partnership with Moroccan health care firm Akdital.<\/p>\n<p><strong>UM6P is invested in the green building:<\/strong> In February, the university <a href=\"https:\/\/www.moroccoworldnews.com\/2023\/02\/354204\/um6p-funded-green-amp-smart-building-park-inaugurated-in-benguerir\">opened<\/a> its USD 23.5 mn Green & Smart Building Park in Benguerir as it looks to establish the park as a research and development hub focused on green building, clean energy, and sustainable mobility solutions.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/smart-cities\/\">smart cities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76785\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76785\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/\">\r\n                            EU + Egypt discuss expanded partnership and Pakistan courts Emirati investors                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=EU + Egypt discuss expanded partnership and Pakistan courts Emirati investors&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/&title=EU + Egypt discuss expanded partnership and Pakistan courts Emirati investors\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=EU+%2B+Egypt+discuss+expanded+partnership+and+Pakistan+courts+Emirati+investors+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Feu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1013.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76786\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/eu-egypt-discuss-expanded-partnership-and-pakistan-courts-emirati-investors\/1013-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1013.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1013.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1013.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1013.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76785\" class=\"content-area-description single-story post-76785 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-egypt tag-enterpriseclimate tag-eu tag-hydrogen tag-pakistan tag-renewables tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt discusses expanded partnership with the EU:<\/strong> Egyptian International Cooperation Minister Rania Al Mashat and Directorate-General for Neighborhood and Enlargement Negotiations at the European Commission Geert Jan Koopman met to discuss expanding the strategic partnership between the EU and Egypt, including joint work on green hydrogen production, according to a <a href=\"https:\/\/www.facebook.com\/MOICEgypt\/posts\/pfbid0QgSkYueLotqC5pnur5Re2p3mUhGrQNnyJWLFwcgnGeFdZ1ekTiPFexK4qhyiej5Zl\">statement<\/a> released on Friday. This comes as the EU continues to ramp up plans to establish the MENA region as a major future exporter of the green fuel under its <a href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/priorities-2019-2024\/european-green-deal\/repowereu-affordable-secure-and-sustainable-energy-europe_en\">REPowerEU<\/a> strategy to reduce dependence on Russian fossil fuels and push forward the bloc\u2019s green transition.<\/p>\n<p><strong>AND- Pakistan is seeking Emirati investments in its renewable sector:<\/strong> Pakistan\u2019s Prime Minister Shehbaz Sharif met with a delegation from the UAE\u2019s Hayat Bio-tech to discuss ways in which it can invest in Pakistan\u2019s renewable energy sector, <a href=\"https:\/\/pakobserver.net\/pm-invites-uae-firm-to-invest-in-pakistans-renewable-energy-sector\/\">Pakistan Observer<\/a> reported on Saturday. Pakistan has been looking towards the region as both a source and a destination for investments in renewables. Pakistan\u2019s Netline <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ef196780-01a0-4dd6-bbd5-83db88f9d610\">signed an agreement<\/a> for 20 MW of solar power in Saudi Arabia last February. <a href=\"https:\/\/hayatbiotech.com\/about\/\">Hayah Biotech<\/a> is a joint venture between pharmaceutical company Sinopharm and Abu Dhabi-based Artificial Intelligence and Cloud Computing company G42. It is not clear how the company\u2019s activities can be integrated for use in renewable projects.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pakistan\/\">Pakistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76787\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76787\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/\">\r\n                            Jordan renewable energy fee sparks backlash + Sustainability and mining updates from UAE, Qatar and Oman                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Jordan renewable energy fee sparks backlash + Sustainability and mining updates from UAE, Qatar and Oman&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/&title=Jordan renewable energy fee sparks backlash + Sustainability and mining updates from UAE, Qatar and Oman\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Jordan+renewable+energy+fee+sparks+backlash+%2B+Sustainability+and+mining+updates+from+UAE%2C+Qatar+and+Oman+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fjordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/33.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76788\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/jordan-renewable-energy-fee-sparks-backlash-sustainability-and-mining-updates-from-uae-qatar-and-oman\/33-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/33.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"33.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/33.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/33.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76787\" class=\"content-area-description single-story post-76787 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-jordan tag-oman tag-qatar tag-renewables tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Not everyone is happy with Jordan\u2019s fresh renewable energy fee:<\/strong> A <a href=\"https:\/\/www.facebook.com\/emrc.gov.jo\/posts\/pfbid025phiZ2WtPwKvvKKC3QaCwivpAcTosf9z5bKtygW981fQFWLi2ngRZmMur1wrfgVsl\">recent decision<\/a><a href=\"https:\/\/www.facebook.com\/emrc.gov.jo\/posts\/pfbid025phiZ2WtPwKvvKKC3QaCwivpAcTosf9z5bKtygW981fQFWLi2ngRZmMur1wrfgVsl\">by the Jordanian government<\/a> to impose a JOD 2 \/ kWh fee on users with renewable energy systems has sparked criticism among involved stakeholders, Jordanian daily <a href=\"http:\/\/bit.ly\/42SnQ5h\">Al Ghad newspaper<\/a> reported last week. A statement by Jordanian NGO <a href=\"https:\/\/edama.jo\/\">Edama<\/a> picked up by the media outlet said the decision will have a negative repercussions on Jordan\u2019s renewable energy sector, with the fees imposed by the Energy and Minerals Regulatory Commission on the systems\u2019 net metering and transmission being decided without consultations with related stakeholders in the private sector.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>The Dubai Electricity and Water Authority<\/strong> (Dewa) met with representatives from <strong>General Electric<\/strong> and <strong>Siemens<\/strong> to collaborate on climate related projects. Dewa discussed general renewable energy developments with GE, and the Siemens meeting focused on smart grid technologies and methods to improve its performance. (Wam \u2014 <a href=\"https:\/\/wam.ae\/en\/details\/1395303143760\">here<\/a> and <a href=\"https:\/\/wam.ae\/en\/details\/1395303144249\">here<\/a>)<\/li>\n<li><strong>The UAE<\/strong> has been tapped to host the third edition of the UN aviation agency International Civil Aviation Organization\u2019s <strong>Conference on Aviation and Alternative Fuels<\/strong> (CAAF). CAAF is organized every seven years, with the last edition held in Mexico in October 2017. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303144123\">Wam<\/a>)<\/li>\n<li><strong>Qatar\u2019s <\/strong><strong><a href=\"https:\/\/www.gord.qa\/\">Gulf Organisation for Research & Development<\/a><\/strong> and Egyptian real estate developer <strong><a href=\"http:\/\/www.gvinvestments.co\/\">GV Investments Group<\/a><\/strong> signed an MoU to implement <strong><a href=\"https:\/\/sasintgroup.com\/info-hub\/environmental-accreditation-statements\/gsas\/\">Global Sustainability Assessment System<\/a><\/strong><strong> standards<\/strong> for <strong><a href=\"https:\/\/tarboul.com\/\">Tarboul Industrial City<\/a><\/strong> \u2014 the largest Egyptian industrial city covering an area of \u200b\u200b109 mn sqm. (<a href=\"https:\/\/www.gord.qa\/news\/egypts-largest-industrial-city-to-adopt-gsas-standards\/\">Statement<\/a>)<\/li>\n<li><strong>Oman\u2019s Energy and Minerals Ministry <\/strong>has opened tenders for<strong> three copper, <\/strong><strong>gold, and silver mining concessions<\/strong> in the country\u2019s Ash Sharqiyah North Governorate, with bids set to close on <strong>28 May<\/strong>. (<a href=\"https:\/\/www.zawya.com\/en\/projects\/mining\/oman-offers-7-new-mining-concessions-hdgznste\">Zawya<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76789\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76789\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/\">\r\n                            The UK lays out updated climate strategy + Australia cracks down on emissions                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The UK lays out updated climate strategy + Australia cracks down on emissions&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/&title=The UK lays out updated climate strategy + Australia cracks down on emissions\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+UK+lays+out+updated+climate+strategy+%2B+Australia+cracks+down+on+emissions+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F04%2F03%2Fthe-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/59.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76790\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/the-uk-lays-out-updated-climate-strategy-australia-cracks-down-on-emissions\/59-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/59.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"59.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/59.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/59.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76789\" class=\"content-area-description single-story post-76789 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-australia tag-carbon-offsetting tag-climate-change tag-enterpriseclimate tag-renewables tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The UK sets <\/strong><strong>out<\/strong><strong> its climate strategies: <\/strong>The UK unveiled its new energy strategy laying out the government\u2019s approach for investments in renewable energy, carbon capture, and nature-based carbon mitigation projects, according to an <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1148252\/powering-up-britain-energy-security-plan.pdf\">energy security plan (pdf)<\/a> released last week. The government also issued a flurry of announcements for a host of climate-focused sectors including EVs, nuclear, and green hydrogen, and announced its <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1147377\/mobilising-green-investment-2023-green-finance-strategy.pdf\">green finance strategy<\/a> as it looks to become a \u201cnet-zero aligned financial center.\u201d<\/p>\n<p><strong>Targets:<\/strong> The UK will launch a GBP 160 mn fund to boost offshore wind energy deployments through increased port infrastructure development, will fund the first tranche of new green hydrogen projects in the country under its GBP 240 mn Net Zero Hydrogen Fund, and will back incentives for renewables projects through a separate GBP 205 mn financing package, according to a government <a href=\"https:\/\/www.gov.uk\/government\/news\/shapps-sets-out-plans-to-drive-multi-billion-pound-investment-in-energy-revolution\">release<\/a>. The UK also announced it would count nuclear energy as a \u201ckey technology\u201d towards achieving its net-zero target for 2050, and lobbied for its inclusion under the UK Green Taxonomy, pending consultations.<\/p>\n<p><strong>The new plans have been drawing criticism: <\/strong>The new strategy \u2014 which was expected to rival the Biden Administration\u2019s USD 370 bn Inflation Reduction Act \u2014 did not see the government commit to new investment that would advance the UK\u2019s green energy capacity and net-zero targets, critics tell <a href=\"https:\/\/www.reuters.com\/world\/uk\/britain-set-out-plans-boost-energy-security-2023-03-29\/\">Reuters<\/a> and <a href=\"https:\/\/www.theguardian.com\/business\/2023\/mar\/30\/half-baked-half-hearted-critics-ridicule-uk-long-awaited-climate-strategy\">the Guardian<\/a>. Last month, UK Finance Minister Jeremy Hunt <a href=\"https:\/\/www.reuters.com\/world\/uk\/uks-hunt-says-britain-will-not-follow-us-eu-green-subsidies-tax-breaks-the-times-2023-03-29\/\">said<\/a> his country would not rival the EU\u2019s Green Deal Industrial Plan and Biden\u2019s IRA by channeling USD bns to provide green subsidies, and instead incentivizing private sector investments in green energy and climate mitigation projects.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Australia cracks down on big polluters:<\/strong> Australia plans to have 215 of the country\u2019s biggest polluting facilities slash their emissions by 30% by 2030 as part of a newly approved climate policy coming into effect on 1 July, <a href=\"https:\/\/www.reuters.com\/business\/environment\/australia-passes-tougher-emissions-reduction-law-that-hits-gas-investments-2023-03-30\/\">Reuters<\/a> reported last week. All fresh gas projects in the Beetaloo Basin would also be required to hold new zero carbon emissions, with new gas fields supplying existing LNG plants to have new zero reservoir emissions per the legislation. The new legislation is part of the center-left Labor government\u2019s push to curb emissions by 43% by 2030.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>US-based gas supplier <strong>Air Products<\/strong> \u2014 which is part of the JV developing NEOM\u2019s<a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e7df1af6-95a8-4cd0-b1c4-19b486a865c4\">USD 8.5 bn green hydrogen plant<\/a> \u2014 secured <strong>USD 130 mn<\/strong> in <strong>green hydrogen supply contracts from NASA.<\/strong> (<a href=\"https:\/\/www.airproducts.com\/company\/news-center\/2023\/03\/0327-air-products-wins-nasa-contracts-for-liquid-hydrogen-supply\">Statement<\/a>)<\/li>\n<li>US-based EV manufacturer <strong>Lucid is laying off 18% of its workforce <\/strong>as part of a restructuring plan to cut expenses. (<a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/lucid-plans-layoff-hundreds-employees-report-2023-03-28\/\">Reuters<\/a>)<\/li>\n<li><strong>The UK <\/strong>has selected the<strong> first wave of its carbon capture projects <\/strong>under a <strong>GBP 20 bn plan<\/strong> that the government plans to spend on the technology in the coming years. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-30\/uk-turns-to-big-oil-in-20-billion-carbon-capture-push?srnd=premium-middle-east&leadSource=uverify%20wall\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/australia\/\">Australia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-offsetting\/\">carbon offsetting<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76791\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/03\/76791\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76791\" class=\"content-area-description single-story post-76791 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>APRIL 2023<\/strong><\/p>\n<p>6 April (Thursday): Arabia CSR Awards 2022 Clinic (online).<\/p>\n<p>18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">Arabian Travel Market<\/a>, Dubai, UAE.<\/p>\n<p>2-7 May (Tuesday-Sunday): <a href=\"https:\/\/www.agriculture.gov.ma\/ar\/actualites\/tnzym-almltqy-aldwly-llflaht-balmghrb-mn-02-aly-07-may-2023-bmknas\">Salon International de l\u2019Agriculture au Maroc (SIAM)<\/a>, Meknes, Morocco.<\/p>\n<p>4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference (<a href=\"https:\/\/10times.com\/irenec\">IRENEC<\/a>), Istanbul, Turkey.<\/p>\n<p>8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.<\/p>\n<p>9 May (Tuesday): <a href=\"https:\/\/www.world-hydrogen-summit.com\/programme\/\">World Hydrogen 2023 Summit & Exhibition<\/a>, Rotterdam, Netherlands.<\/p>\n<p>9-10 May (Tuesday-Wednesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/\">The Solar Show MENA<\/a>, Cairo, Egypt.<\/p>\n<p>16-18 May (Tuesday-Thursday): <a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\">Seatrade Maritime Logistics Middle East<\/a>, Dubai, UAE.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>30 May-1 June (Tuesday-Thursday): <a href=\"https:\/\/www.timeshighered-events.com\/gsd-congress-2023\">Global Sustainable Development Congress<\/a>, King Abdullah University of Science and Technology (KAUST), KSA.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, Tunis, Tunisia.<\/p>\n<p>12-15 June (Monday-Thursday): <a href=\"https:\/\/saudipp.com\/\">Saudi Plastics & Petrochem<\/a>, Riyadh, KSA.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20 August-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>9-20 September (Saturday-Wednesday): <a href=\"https:\/\/www.un.org\/en\/conferences\/SDGSummit2023\">2023 Sustainable Development Goals Summit<\/a>, New York, U.S..<\/p>\n<p>11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.<\/p>\n<p>12-15 September (Tuesday-Friday): <a href=\"https:\/\/www.wto.org\/english\/forums_e\/public_forum_e\/public_forum_e.htm\">WTO Public Forum<\/a>, Geneva, Switzerland.<\/p>\n<p><a href=\"https:\/\/www.chariotenergygroup.com\/\">Chariot Limited<\/a> and <a href=\"https:\/\/www.total-eren.com\/\">Total Eren<\/a>\u2019s feasibility study on a 10 GW green hydrogen plant in Mauritania to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1323428-033c-4ff9-a0b6-716f87613360\">be completed<\/a>.<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>2-4 October (Monday-Wednesday): <a href=\"https:\/\/www.showsbee.com\/fairs\/84868-WETEX-2023.html\">WETEX and Dubai Solar Show<\/a>, Dubai, UAE.<\/p>\n<p>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>16-18 October (Monday-Wednesday): <a href=\"https:\/\/www.climatelinks.org\/events\/climate-week-2022-2nd-world-conference-climate-change-sustainability\">Climate Week<\/a>, Rome, Italy.<\/p>\n<p>31 October \u2013 2 November (Tuesday-Thursday): <a href=\"https:\/\/www.worldhydropowercongress.org\/\">World Hydropower Conference<\/a>, Bali, Indonesia.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>9-10 November (Thursday-Friday): <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Mar\/IRENA-To-Hold-First-Latin-American-Investment-Forum-in-Uruguay\">International Renewable Energy Agency Investment Forum<\/a>, Uruguay.<\/p>\n<p>30 November - 12 December: <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>End-2022 <\/strong><\/p>\n<p>KSA\u2019s Neom wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41c4acda-ffa5-4e25-ae17-48b53fc7df69\">tender three concrete water reservoir<\/a> projects to up its water storage capacity by 6 mn liters.<\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Early 2023: Egypt\u2019s <a href=\"https:\/\/www.karmsolar.com\/\">KarmSolar<\/a> to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">launch KarmCharge<\/a>, the company\u2019s EV charging venture.<\/p>\n<p>1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.<\/p>\n<p>Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dbe558b6-6166-404f-8aa3-2bd7b56647dd\">to close<\/a>.<\/p>\n<p>Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2f525f9-dc10-477e-a2d5-67e7d6d790c2\">be completed<\/a>.<\/p>\n<p>Saudi Basic Industries Corporation (<a href=\"https:\/\/www.sabic.com\/en\">Sabic<\/a>) steam cracker furnace powered by renewable energy to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6bbb030-2107-4aec-bc3c-9dfbe4d55975\">come online<\/a>.<\/p>\n<p>4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.<\/p>\n<p><strong>2024 <\/strong><\/p>\n<p>End-2024: Emirati <a href=\"http:\/\/ar.ae\">Masdar<\/a>\u2019s 500 MW wind farm in Uzbekistan to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">begin commercial operations<\/a>.<\/p>\n<p><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s industrial cities solar power project <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">will start electricity<\/a> production.<\/p>\n<p>First 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p><strong>2025 <\/strong><\/p>\n<p>Second 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p>UAE to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\">have over 1k<\/a> EV charging stations installed.<\/p>\n<p><strong>2026 <\/strong><\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p>Iraq\u2019s <a href=\"http:\/\/www.massgroupholding.com\/English\/default.aspx\">Mass Group Holding<\/a> wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0239be52-0fa8-43fd-8db9-68f967fb1529\">invest EUR 1 bn<\/a> on its thermal plant Mintia in Romania to have 62% of run on renewable energy, while expanding its energy capacity to at least 1.29k MWh.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":76771,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76770","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b262a36b-e5a3-4005-80d0-bc6e255126f2","teaser":"","photo_url":"https:\/\/ent.news\/2021\/11\/385.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T08:44:40+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/\",\"name\":\"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-04-03T02:00:50+00:00\",\"dateModified\":\"2025-12-15T08:44:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/","og_locale":"en_US","og_type":"article","og_title":"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/","og_site_name":"Climate","article_modified_time":"2025-12-15T08:44:40+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/","name":"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1","datePublished":"2023-04-03T02:00:50+00:00","dateModified":"2025-12-15T08:44:40+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/385.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/saudis-islamic-development-bank-earmarks-usd-403-mn-for-egypt-central-asia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Saudi\u2019s Islamic Development Bank earmarks USD 403 mn for Egypt + Central Asia"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/76770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/76770\/revisions"}],"predecessor-version":[{"id":76800,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/76770\/revisions\/76800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/76771"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=76770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=76770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=76770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}