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The AlUla Development Co., which is owned by Saudi Arabia's Public Investment Fund, has started doing business to help the province grow in a sustainable way.
As the Kingdom continues its green tourism journey in line with the targets outlined in Vision 2030,
A press release put out by the company and PIF says that the company's operations are meant to make AlUla a top tourist and cultural destination.
The media say that Ignite Power is happy to announce that it has signed the Abu Dhabi Sustainable Finance Declaration. This shows that the company is committed to sustainability in the Middle East and elsewhere.
The Abu Dhabi Sustainable Finance Declaration is a voluntary membership-based initiative.
It will be started by Abu Dhabi Global Market (ADGM) in 2019 with help from the Ministry of Climate Change and Environment, the Central Bank, and the Securities and Commodities Authority.
According to His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, COP28 will be the most important event hosted by the nation in 2023.
DIFC agrees with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s statement.
According to the report, DIFC’s commitment to sustainability began long before the UAE was announced as the host of COP28.
A report says Emirates Health Services, Microsoft, and Schneider Electric have partnered to launch EcoStruxure.
For healthcare, a digital twin solution is designed to increase healthcare operational performance and improve energy efficiency for hospitals across the UAE by up to 30 percent.
Emirates has operated its first milestone demonstration flight on a Boeing 777-300ER, powering one of its engines with 100% Sustainable Aviation Fuel (SAF), according to the report.
The flight took off from Dubai International Airport (DXB) and was commanded by Captain Fali Vajifdar and Captain Khalid Nasser Akram, flying for more than one hour over the Dubai coastline.
The demonstration flight powered by SAF holds particular significance as the UAE declares 2023 the "Year of Sustainability."
According to the report, the year will showcase the UAE’s commitment to seek innovative solutions to challenges such as energy, climate change, and other issues related to sustainability.
According to the report, the UAE and Ethiopia have agreed to develop solar power projects as part of a collaborative effort to boost renewable energy in the region.
The agreement was signed between Masdar and the Ethiopian government to develop solar power projects with a total capacity of 500 megawatts as a first phase, with the aim of developing up to 2000 megawatts of similar projects within the Eastern African nation.
Emerson will build a state-of-the-art innovation and manufacturing hub at the King Salman Energy Park (SPARK) in Saudi Arabia. This will increase Emerson's local capabilities.
The facility will be one of the company's largest investments in the Middle East and Africa region, according to the report.
According to the news, Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has signed a cooperation agreement with Carbonco, a unit of Korean engineering and construction company DL E&C, for joint research in various carbon capture, utilization, and storage (CCUS) projects across the kingdom.
According to the media, Oman-based renewable energy company, Solar Wadi, has obtained a licence to set up a utility-scale solar PV power project catering to the green energy requirements of Suhar Industrial City, one of the biggest manufacturing hubs of the Public Establishment for Industrial Estates (Madayn).
A senior official stated that the UAE’s increased cooperation with India in climate and clean energy will support New Delhi’s ambitions to reach 450 gigawatts of installed renewable energy capacity by 2030 as well as net zero carbon emissions by 2070, according to the report.
Mohammad Ali Rashed Lootah (President and CEO of Dubai Chambers of Commerce) said that both countries are "old energy partners," with India being the third largest importer and consumer of crude oil from the UAE.
Lootah stated that the UAE is aiming to increase its clean energy capabilities in order to achieve the UAE Energy Strategy by 2050 targets and the UAE Net Zero by 2050 strategic initiative ambitions.
According to the report, Masdar has demonstrated its commitment to helping African nations in their clean energy transition by signing agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries—Angola, Uganda, and Zambia—to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW).