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Soudah Development, a firm owned by the Saudi Public Investment Fund, said it expects to invest SR11 billion ($2.93 billion) as it spearheads a new age of sustainable mountain tourism, as part of the Kingdom’s ambitious environmental action plans.
Top players in the business aviation market will get together to discuss current trends and show off their cutting-edge aircraft and aviation technologies.
Five companies from across the value chain (BASF, Thyssenkrupp, OMV, DLR, and ASG) are collaborating on the Methanol-to-SAF project (M2SAF) with the intention of creating a novel process technology that will allow for the selective production of SAF that can be used as a drop-in fuel at concentrations of up to 100%.
A survey of the 2,200 exhibitors at ADIPEC 2022, which took place in Abu Dhabi from October 31st to November 3rd, found that the event generated an estimated USD8.2 billion in business for the exhibitors. ADIPEC 2022 brought together some of the best minds in the energy markets around the world to address critical issues facing the energy sector, such as the trilemma of security, affordability, and sustainability of energy supply.
In a panel discussion titled "The Role of Financial Institutions in Sectoral Decarbonisation with a Focus on Green Built Environment and Energy," the Commercial International Bank (CIB) addressed the topic of finance's impact on climate change mitigation at COP27 on Tuesday.
By establishing Egypt's first carbon credit corporation, the country's government has opened the door to a nationwide carbon credit market with the goal of cutting carbon dioxide emissions.
Continuing its tradition as a producer of poultry and other meat products and a franchisor of food brands, Tanmiah Food Company has announced the introduction of the next iteration of the Omnipreneurship Awards Sustainability Challenge. The winner will receive $1,000,000, and the top five finalists will each receive $20,000 each.
King Abdullah University of Science and Technology (KAUST), a graduate research university in Saudi Arabia, is pleased to announce that it has signed a new contract with Averda, the leading end-to-end waste management and recycling company in emerging markets, for a waste management facility and services that will provide sustainable waste management solutions for the University, with zero-waste goals projected by 2025. Averda will handle the collection, transportation, and disposal of all solid and hazardous waste.
United Arab Emirates: Abu Dhabi Global renewable energy leader Masdar has signed a memorandum of understanding (MoU) with Jordan's Ministry of Energy and Mineral Resources to discuss the possibility of working together on renewable energy projects with a combined capacity of up to 2 gigawatts (GW).
AirCarbon Exchange (ACX), the global exchange revolutionising the voluntary carbon market based in Hub71, Abu Dhabi's global tech ecosystem, and Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, have successfully completed a transaction in which Mubadala has acquired a strategic stake in ACX, thereby enabling ACX to establish the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi.