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World Fuel's director of market development for the region, Riyan Qirbi, thinks that a stronger embrace of environmental sustainability on the part of regional governments, through incentivization like in North America or by mandate like in Europe, would increase enthusiasm.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, opened the much-anticipated MEBAA Show 2022 at the Dubai Airshow site on 6 dec 2022. The international business aviation show, now in its ninth edition, will continue through the eighth of December, 2022.
At a signing ceremony in Dubai, Larsen & Toubro (L&T) and LONGi announced an agreement for LONGi to supply 1292MW of PV modules to two solar projects in Saudi Arabia on which L&T is serving as EPC. Vice President of LONGi Dennis She and Senior Vice President and Head of L&T's Renewables Strategic Business Group A. Ravindran signed the agreement on behalf of their respective companies.
At the Saudi Intermobility Expo 2022, held recently at the Al Faisaliah Hotel in Riyad, Bridgestone EMIA emphasised the importance of encouraging the development of a sustainable mobility ecosystem to lessen the environmental impact of the transportation sector and guarantee a safer future for future generations. Bridgestone promoted the circular economy and carbon neutrality throughout the value chain by showcasing its most cutting-edge tyres and tyre technology at the exhibition.
Developmental works in NEOM are progressing steadily, and the $500 billion project is becoming a reality, according to Peter Fitzhardinge, head of Tourism Marketing at NEOM, who gave an exclusive interview to Arab News on the sidelines of the World Travel and Tourism Council Global Summit in Riyad last week.
Saudi Arabian and Dutch high-ranking officials and business leaders have met to discuss future energy and circular economy ties.
Special Economic Zone in the Port of Duqm on the southern coast of the country, SEZAD, is where the Omani steel giant Jindal Shadeed Group plans to invest $3 billion to build a factory to create "green steel" using renewable energy. Green steel, in its most basic definition, is steel made without the use of fossil fuels.
The Sharjah Waste to Energy Plant is the first of its kind on a commercial scale in the Middle East, and it is being operated and maintained by a joint venture between Veolia Near & Middle East, the world leader in optimised resource management, BEEAH Group, the Middle East's sustainability pioneer, and Masdar, the world leader in renewable energy solutions.
Majid Al Futtaim, a pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Asia, has signed its second Sustainability-Linked Loan (SLL), structured as a USD 1.25 billion Revolving Credit Facility (RCF) linked to the Company's environmental, social, and governance (ESG) related targets that aim to facilitate the reduction in Majid Al Futtaim's carbon footprint by reducing its Scope 1 & Scope 2.
As the value of the lira has plummeted and global energy prices have risen, an unprecedented number of Turkish businesses have installed solar systems to offset their otherwise prohibitive electricity bills. Mustafa Yilmaz, head of Turkey's energy market regulator, told the state-run Anadolu Agency that more than 300 companies have applied in the past two weeks alone for approval to install solar panels, as demand for solar power in Turkey has been booming since last year after a combination of higher gas prices and a plunge in the currency caused electricity bills for companies to quadruple.