DMMC has announced a strategic cooperation with Creek Capital, a Dubai Financial Services Authority (DFSA) regulated asset manager, recognised for its pioneering investments into the Energy Transition in the Middle East region. This strategic initiative will include working closely with SirajPower, a portfolio company of Creek, which is one of the largest solar distributed generation players in the region. As part of this collaboration, they have signed a Memorandum of Understanding (MOU) to accelerate the growth of the solar industry in the Middle East through the introduction of an alternative and innovative investment solution for sustainable power assets. To achieve…
Author: Kasun Illankoon
Trina Solar, the global leading provider for photovoltaic (PV) module and smart energy solutions, has reached a remarkable milestone, having shipped 100GW of modules in the 25 years since the company was founded in 1997. With an environmental impact equivalent to planting 7.2 billion trees, collectively, the 100GW of PV modules can generate about 135 billion kWh of clean-energy power, reducing annual global CO2 emissions by 135 million tons, and standard coal consumption by 54.54 million tons. “We are very proud to achieve this significant feat at Trina Solar. Marking the 100GW of shipments is the beginning of a new…
Construction has been completed on the UAE’s first waste-to-energy plant, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture established by BEEAH Energy, the renewable energy business of BEEAH Group, and Masdar, one of the world’s leading renewable energy companies. Once tested, commissioned and operational, the plant will enable Sharjah to become the Middle East’s first zero-waste city, turning unrecyclable waste into clean energy and increasing the current landfill diversion rate from 76% to 100%. It will also help reduce waste…
By Mohamad Itani, CSMO at United Real Estate (URC) – Prior to that, he was the CEO of Esrar Real Estate, a specialized sales & marketing real estate consultancy firm working in Saudi Arabia (KSA) and the region. Regarded as a seasoned real estate professional & consultant, his services extend to several countries including Malaysia, Indonesia, Maldives, Turkey & Spain. Itani’s diverse engagement in various countries enabled him to gain in-depth knowledge of the local, regional, and global real estate industry. He has successfully planned & launched master-planned communities in different countries. He regularly writes real estate articles covering GCC…
The April edition is dedicated to the winners who raised the trophy at the Architecture Leaders Awards 2022. The awards honoured and celebrated the true gems behind the region’s landscape and innovation. Read the full magazine here: https://bit.ly/3vbv1H2
The global demand for air conditioning is on track to triple through 2050, according to the International Energy Agency. As the world gets warmer, our approach toward investing in more research, people, and strategic acquisitions gets stronger. Daikin MEA is trying to find new ways in which to tackle the challenges of the changing environment by finding business-led opportunities and addressing sustainability concerns. To make that happen, Daikin has invested billions of dollars into research and development, looking to build on breakthrough innovations that are more efficient and sustainable. Daikin launched their latest brand campaign, “Breathe Health”, that reinforces the…
Leading UAE-based smart and green facilities management (FM) company Farnek has promoted UK National Derek Ford, to Senior Director of Business Development (BD) and Key Accounts. Ford, who joined Farnek in 2016 as a project director of total FM services, has a wealth of experience, including a 23-year career as an engineer in the British Army, with posts in Germany and Oman. Reporting directly to CEO, Markus Oberlin, Ford’s new responsibilities include aligning BD with corporate strategy, directing all sales activities including diversifying into new business sectors, managing key accounts and JV contracts, leading, motivating, and developing the BD team,…
Masdar, one of the world’s leading renewable energy companies, and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, announced today that they have signed two Memorandums of Understanding (MoU) with leading Egyptian state-backed organizations to cooperate on the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. The MoU’s were signed in the presence of His Excellency Mostafa Kamal Madbouly, Prime Minister of the Arab Republic of Egypt, His Excellency Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Special Envoy for Climate…
The Kingdom of Saudi Arabia (KSA) is emerging as a thriving international business hub as the recently announced new investment law by the KSA Ministry of Investment is predicted to increase international business by 50%. The appeal of the law, that declares that both local and foreign investment will receive equal treatment, has been strengthened by Saudi Arabia’s recent award-winning presence at Expo 2020 Dubai which demonstrated the global value of the Kingdom’s vibrant economy. As the country looks to diversify from oil exportation, more than $936 million in funds was recently announced at the Global Entrepreneurship Congress 2022 to facilitate the access…
Saudi Arabia’s Rawabi Holding, a market leader in the Kingdom serving the major energy sectors including oil and gas, marine, industrial, contracting and manufacturing services, today announced the establishment of Magnom Properties, the real estate vertical of the company, which will oversee the construction of high-value commercial, residential and lifestyle projects in KSA, Egypt and the wider MENA region. The ambitions evinced by Rawabi Holding was evident during the high-level board meeting that took place at the company’s headquarters in Al Khobar, which was also attended by the world-renowned American architects Adrian Smith and Gordon Gill, representing their firm AS+GG…