ACWA Power Signs USD 900m EPC Deal for Neom Green Hydrogen Project

ACWA Power and its partners are moving on with the realisation of a huge green hydrogen-to-ammonia complex on Saudi Arabia's Red Sea coast with the signing of an engineering, procurement and construction (EPC) contract worth US$ 900 million (EUR 817.8m)..... Read more »

Posted on : 4/29/2022

AMEA Power, China's HHDC Team Up To Develop Green Projects in MENA

AMEA Power LLC and China's SPIC Huanghe Hydropower Development Co Ltd (HHDC) have agreed to jointly develop solar, wind and green hydrogen projects in the Middle East and North Africa as part of a new partnership..... Read more »

Posted on : 4/29/2022

Jinko Power Wins Contract for Saudi Arabia's 300MW Saad Solar Project

A consortium led by China’s Jinko Power has been awarded the contract to develop the 300MW Saad photovoltaic (PV) solar independent power producer (IPP) project under the third round of Saudi Arabia’s National Renewable Energy Programme (NREP).... Read more »

Posted on : 4/28/2022

Omran Group to Build USD-1bn Green Urban Complex in Oman

Oman Tourism Development Company (OMRAN) and UAE-based partner Diamond Developers have launched a USD-1-billion (EUR 901m) project for the development of an integrated, urban, mixed-use residential complex in the capital Muscat that will be powered entirely with renewable energy..... Read more »

Posted on : 4/28/2022

Gulf Capital based in the UAE, is speeding up its investments in Egypt and Africa

Gulf Capital, an Abu Dhabi-based investment business, has announced the launch of an office in Cairo to tap into further investment opportunities in Egypt's and Africa's fast-growing markets..... Read more »

Posted on : 4/19/2022

AfDB, Abu Dhabi Fund for Development sign MoU for closer collaboration

Akinwunmi Adesina, President of the African Development Bank (AfDB), and Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, have signed a memorandum of understanding (MoU) for tighter collaboration in fostering investment synergies..... Read more »

Posted on : 4/19/2022

Why are UAE real estate investors taking an interest in Africa

Sub-Saharan Africa is now the world's fastest-urbanizing region. Rural migrants are flooding the country's cities at a rate that exceeds that of China and even India. According to projections, Africa's population of 1.1 billion people will quadruple by 2050, with Lagos' population growing at a rate of 77 people per hour. Over two-thirds of the projected increase will be absorbed by cities..... Read more »

Posted on : 4/8/2022

Businessmen from the UAE invest 2 billion USD in Africa's mining sector.

As a result of the Africa-UAE Trade, investors from the United Arab Emirates have offered 2 billion USD investments in the African mining sector. .... Read more »

Posted on : 4/7/2022

Dubai's exports to Africa are increasing.

Dubai has emerged as one of Africa's leading suppliers of goods and consumer goods. With the arrival of African bulk buyers over the last decade, shipping lines plying the Dubai-Africa route have seen a welcome increase in business. Nigeria, Mauritania, Senegal, Gabon, Ghana, and the Ivory Coast are among the major West African destinations for UAE exports, as are Tanzania, Uganda, and Kenya in East Africa. Freight rates to Africa typically range between 2,200 USD and 2,600 USD for a 20-foot container with a capacity of 21 tonnes..... Read more »

Posted on : 4/7/2022

Dubai's DEWA Says Increases IPO Size To 17%, Could Raise As Much As $5.7 Billion

Dubai Electricity and Water Authority (DEWA) more than doubled the size of its initial public offering (IPO) on Tuesday, meaning it could raise as much as $5.7 billion in the region’s biggest IPO since Saudi Aramco’s record share sale..... Read more »

Posted on : 4/6/2022