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Indian companies are implementing several projects in Egypt, including in renewable energy
amounting to about $700 million in the coming few years, New Delhi’s ambassador to Cairo has said. Ajit Gupte told a meeting of Egyptian and Indian businessmen in Cairo that Indian investments in Egypt currently stand at $3.15 billion.
Saudi Arabia and Greece have signed an agreement to enhance their joint efforts on green hydrogen and clean energy on the sidelines of the official visit of Crown Prince Mohammed bin Salman just ahead of the upcoming Saudi-Greek Investment Forum.
UAE’s Technical and Energy solution provider, Saneg Energy has been appointed by EDF Dalkia group to implement the Building Automation System and other technical retrofit services at Al-Ain University in the UAE in order to enhance energy efficiency and sustainability of the campus.
Abu Dhabi carrier Etihad Airways is the latest member of a global consortium of key aviation players that promotes net zero goals in the industry. Etihad has joined the Aviation Impact Accelerator (AIA) which is convened by the University of Cambridge. Other top members of the group include Boeing and Rolls-Royce.
Egypt ranked seventh out of 20 Arab countries, fourth out of 47 African countries, seventh in the Middle East and North Africa (MENA), and 87th globally in the 2022 Sustainable Development Report (SDR2022).
Bahrain has joined the UAE, Jordan, and Egypt for a Sustainable Economic Development partnership. Bahrain’s inclusion is said to take the partnership’s total industrial manufacturing value to $112.5 billion from $106.26 billion. This is owing to the fact that Bahrain has a strong industrial sector with more than 9,500 companies and 55,000 employees and $4.3 billion in industrial foreign direct investments.
Electrolux, the world's largest manufacturer and supplier of electrical appliances with well-known brands including Zanussi, Ideal and Olympic Electric, signs an agreement to develop a solar power plant at its factory with SolarizEgypt, the leading implementation and Construction Company in Egypt and the Middle East to achieve 25 years of safe operation and decarbonization of the electrical system. The energy will be used to produce washing machines, refrigerators, Delta electric water heaters, and stoves. This deal supports the Egyptian government's efforts to transition to clean energy and achieve long-term sustainable development.
Egypt ranked seventh out of 20 Arab countries, fourth out of 47 African countries, seventh in the Middle East and North Africa (MENA), and 87th globally in the 2022 Sustainable Development Report (SDR2022).The SDR2022 presents data on countries’ performance towards achieving the SDGs and points to areas that require faster progress.
Etihad Airways has become the first client to sign on Citi ADGM’s Sustainable Deposit Solution which will further assist the airline in investing excess cash as part of its sustainability agenda.
Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, stated that the announcement made by President His Highness Sheikh Mohamed bin Zayed Al Nahyan of plans to invest an additional $50 billion to scale up climate action through the deployment of clean energy solutions at home and abroad is yet another milestone in the UAE’s long track record spanning close to three decades.