{"id":88413,"date":"2024-01-26T00:00:00","date_gmt":"2024-01-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-eyes-green-hydrogen-exports-to-fuel-cell-rigs-in-europe-sharjah-developer-doubles-sales-in-2023\/"},"modified":"2024-01-26T00:00:00","modified_gmt":"2024-01-26T00:00:00","slug":"mubadala-eyes-green-hydrogen-exports-to-fuel-cell-rigs-in-europe-sharjah-developer-doubles-sales-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/26\/mubadala-eyes-green-hydrogen-exports-to-fuel-cell-rigs-in-europe-sharjah-developer-doubles-sales-in-2023\/","title":{"rendered":"Mubadala eyes green hydrogen exports to fuel cell rigs in Europe + Sharjah developer doubles sales in 2023"},"content":{"rendered":"

GREEN ENERGY-<\/p>\n

#1- Masdar inks agreement to supply green hydrogen to European trucks: <\/strong>Abu Dhabi-based renewables firm Masdar inked an initial agreement with German vehicle manufacturer Daimler Truck<\/a> to explore supplying liquid green hydrogen to power fuel cell rig trucks in Europe by 2030, according to a statement<\/a> from Masdar. The agreement could potentially \u201cenable a significant reduction of CO2-emissions in road freight transport in Europe,\u201d while supporting \u201cthe UAE\u2019s ambition to become a leader in the low-carbon hydrogen market by 2031,\u201d Masdar CEO Mohamed Jameel Al Ramahi said. <\/p>\n

Background: <\/strong>Masdar has pledged investments in projects worth some USD 30 bn, with plans to hit a production capacity of 100 GW by 2030 .<\/p>\n

SOUND SMART-<\/strong> A fuel cell is a power generator that converts chemical energy into electrical energy from hydrogen or hydrocarbon. The technology is primarily used in heavy vehicles and mobile electricity generators. <\/p>\n

#2- Dubai-based floating energy structures startup <\/strong>Floating Man<\/a><\/strong> is in talks to launch <\/strong>a new floating solar power plant<\/strong>,CEO Mehdi Honarvar told PV magazine<\/a>. The company is currently negotiating to find a suitable location to install the offshore solar farm, which will operate with 200 solar panels with a generating capacity of up to 700 W.<\/p>\n

\n

REAL ESTATE-<\/p>\n

Sharjah-based property developer <\/strong>Arada<\/a><\/strong> saw its sales double to AED 7.02 bn in <\/strong>2023<\/strong>, bringing the total value of sales since its launch to AED 16.3 bn, according to a press release<\/a>. The developer sold 2,824 homes, up 25% y-o-y, and constructed 2,610 units in its most popular communities \u2014 the Aljada<\/a> mixed-use community and Masaar<\/a> forested master community \u2014 last year. The latter was the company\u2019s best-performing project, collecting AED 3.64 bn in sales. Aljada and Arada\u2019s Dubai development, Jouri Hills at Jumeirah Golf Estates<\/a>, followed with property sales collectively valued at AED 3.41 bn.<\/p>\n

Up next: <\/strong>Arada is developing 3.3k new residences across its Aljada, Masaar, and Jouri Hills developments, targeting AED 10 bn in sales by the end of the year.<\/p>\n

\n

TRADE-<\/p>\n

#1- Abu Dhabi and Italy eye trade boost: <\/strong>The Abu Dhabi Chamber of Commerce and<\/a><\/a>Industry (ADCCI)<\/a> discussed strengthening bilateral trade and investment between the emirate and Italy during a meeting held with a high-level Italian business delegation, according to a statement<\/a> from ADCCI. The Italian delegates represented 12 companies across key sectors, including F&B, construction, fashion, marketing, marine, and aquaculture industries. The meeting saw the Chamber and the delegation identify more than 120 potential partnership prospects. <\/p>\n

#2- Energy Ministry eyes more cooperation with JETRO<\/strong>:<\/strong> Energy Ministry officials met with a delegation from JETRO in Abu Dhabi on Thursday and discussed ways to strengthen joint cooperation, according to a ministry statement<\/a>. The meeting also involved a review of the ministry's mineral wealth strategy and potential for mining in the UAE.<\/p>\n

\n

EDUCATION-<\/p>\n

DP World has launched its global education platform as part of a USD 35 mn<\/strong> education pledge <\/strong>to help train students and educators in science and logistics without charge, according to a company statement<\/a>. The company pledges to teach 1.5 mn students through more than 15 specialized resources and e-learning courses tailored for individuals aged 11-18, as well as educators and professionals, according to a Dubai media office statement<\/a>. <\/p>\n

\n

INVESTMENTS-<\/p>\n

Abu Dhabi, <\/strong>Apollo Global Management<\/strong> seek more avenues for investment <\/strong>collaboration: <\/strong>Crown Prince Khaled bin Mohamed bin Zayed Al Nahyan and private equity firm Apollo Global Management<\/a> CEO Marc Rowan reviewed their joint investments yesterday and explored further avenues for collaboration, according to an Abu Dhabi Media Office<\/a> statement. Mubadala Investment Company\u2019s<\/a> deputy group head, Waleed Al Mokarrab Al Muhairi, and Abu Dhabi Executive Council secretary general, Saif Saeed Ghobash, were also in attendance.<\/p>\n

ESS + Siemens + Emerson to join forces:<\/strong> Abu Dhabi-based tech solutions firm Emirates Smart Solutions (ESS)<\/a> inked a cooperation protocol with Siemens Egypt and US software provider Emerson<\/a> to provide tech solutions to enhance Egypt\u2019s industrial infrastructure as the companies eye ramping up their investments in Egypt and Africa, Albayan<\/a> reports. <\/p>\n

\n

LOGISTICS-<\/p>\n

GulfNav gets drones from Wings Logistics Hub: <\/strong>Multi-Level Group\u2019s smart logistics company Wings Logistics<\/a>Hub<\/a> will provide DFM-listed maritime and shipping company Gulf Navigation<\/a>Holding<\/a> with drones to help with \u201ctransporting light cargo, heavy cargo, passenger drones, firefighting, mapping and surveillance,\u201d under an MoU inked by the two companies, according to a press release<\/a>. The agreement also involves exploring autonomous light vehicles, and AI solutions in maritime. <\/p>\n

\n

AVIATION-<\/p>\n

Air Arabia launches direct flights between Sharjah and Athens: <\/strong>Budget airline Air Arabia will now fly directly from Sharjah to Athens four times a week from Sharjah International Airport starting 28 June, the carrier said in a statement<\/a>. <\/p>\n

\n

HOSPITALITY <\/p>\n

IHG to operate Dubai C\u00f4te d\u2019Azur Monaco Hotel<\/strong>: IHG Hotels and Resorts<\/a> signed an agreement with Dubai\u2019s island resort, The Heart of Europe<\/a>, Kleindienst Group<\/a> \u2019s flagship project, to operate the C\u00f4te d\u2019Azur Monaco Hotel under the voco<\/a> brand and rebrand the hotel as voco Monaco Dubai, according to a press release<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Renewables firm Masdar has pledges investments in some USD 30 bn projects worldwide to hit a target of 100 GW by 2030<\/p>\n","protected":false},"author":1,"featured_media":88414,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[1360,47,747,746,306,244,313,7,295,1395,99,1343,98,1334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi","tag-also-on-our-radar","tag-apollo-global-management","tag-arada","tag-aviation","tag-dp-world","tag-education","tag-enterpriseam-uae","tag-green-energy","tag-investments","tag-logistics","tag-mubadala","tag-real-estate","tag-trade","wpautop","entry"],"acf":{"mongo_id":"680c045d-a54e-4720-a1aa-281bebb2ec50","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2203.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala eyes green hydrogen exports to fuel cell rigs in Europe + Sharjah developer doubles sales in 2023. 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