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According to the media, Egypt signed renewable energy production agreements with a number of foreign firms in November with a combined value of nearly $118 billion, a newspaper said on Friday.
In 2022, Egypt’s renewable energy production peaked at nearly 10.08 gigawatts [GW], accounting for around 29.6 percent of the total energy mix, according to the official data.
A source close to the Qatar Public Authority reveals Ashghal is expected to issue the design and build tender for drainage tunnel works at the New District Doha project in the first quarter of 2023, according to the report.
After the launch of the Saudi Green Initiative (SGI), Saudi Arabia now aims to achieve the target of placing 30 percent of its land and sea territory under protection by 2030.
The Egyptian Minister of Petroleum, Tariq Al-Mulla, announced the country’s discovery of a new gas block, the Nargis, in the eastern Mediterranean, which is now in the evaluation stage to determine the field’s reserves, said the report.
The Saudi NEOM Green Hydrogen Company (NGHC) signed agreements with local, regional, and international banks and a commitment letter with the Saudi Industrial Development Fund (SIDF) to build the world's largest green hydrogen plant, according to the report.
On December 21, Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, presented the 2023–2026 Government Action Plan to the Parliament under the theme "From Recovery to Sustainable Development."
"On December 17th, Saudi Arabia signed an agreement with European countries on strategic partnership in the field of green energy development and transmission," said the report.
According to the media report, the UAE-led "Beyond 2020" humanitarian initiative has provided a safe source of water for about 20,000 residents of the villages of "Tawit" and "Tahjr" in Kassala State, eastern Sudan.
Businesses of all sizes and across all sectors must revisit their business models and restructure it toward supporting sustainable development. According to the media, it is critical that the private sector joins the government in its efforts to address climate change and develop proactive plans for all anticipated challenges.