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Masdar News

Rassem Zok, CEO, MENA, Standard Bank

Wealth funds likely to increase African investments

Sovereign investors from the UAE and wider GCC bloc are likely to ramp up investments across African countries, building on a 50 percent jump in capital flows from the Middle East over the past five years, say experts. Agriculture, energy and infrastructure are sectors likely to benefit from multi-billion dollar deals as the UAE accelerates […]

Technicians work on a turbine. Masdar's wind farm will help Kazakhstan meet its 50% renewables target for 2050

Masdar to develop wind farm in Kazakhstan

Renewable energy giant Masdar has signed a deal to develop a wind farm in Kazakhstan. The facility will have a capacity of up to 1 gigawatt as well as a battery energy storage system. The agreement was signed on the sidelines of the Astana International Forum and supports the country’s goal of achieving half its […]

Clean energy and tech driving UAE-Scotland trade

Clean energy and tech power UAE-Scotland trade

It’s a long way from the icy waters of the North Sea to the saline depths of the Straits of Hormuz, but the world’s first offshore floating wind farm is proof of a burgeoning arrangement between Scotland and the UAE. Masdar, the UAE’s government-owned clean energy company, has a 25 percent stake in the 30 […]

People, Person, Clothing

UAE-led consortium to build $10bn wind farm in Egypt

A consortium led by Masdar has signed an agreement to secure land in Egypt to build a $10 billion 10gw capacity wind farm. Infinity Power, a joint venture between the UAE’s Masdar and Egyptian renewables business Infinity, and Hassan Allam Utilities, a Cairo-based developer and investor, signed the deal with Egypt’s New and Renewable Energy […]

Cop28 president Sulta Al Jaber Video length: 1:57

UAE’s Al Suwaidi backs Al Jaber after Cop28 criticism

Dr Sultan Al Jaber’s record “speaks for itself”, a senior UAE official has told AGBI. The Emirates government is facing fresh criticism from international media and lawmakers over the oil chief’s appointment to oversee the Cop28 climate summit later this year.  Al Jaber oversees UAE oil giant Adnoc, is minister of industry and advanced technology […]

People, Person, Adult

Qatar Airways CEO calls for realism over net-zero targets

The CEO of Qatar Airways has said the lack of readily available aviation fuel alternatives will throw the industry’s goals of achieving net-zero emissions by 2050 into doubt. Akbar Al Baker is a long-standing critic of suppliers of sustainable aviation fuel (SAF), labelling it “exorbitantly expensive” and claiming it’s only available in low volumes “because […]

Masdar set to build over 2gw solar projects in Uzbekistan

Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Uzbekistan’s energy ministry and ministry of investments, industry and trade to develop new renewable energy projects.  The company will develop over two gigawatts (gw) of solar and wind projects and 500 megawatts (mw) hours of battery energy storage at multiple sites across the central […]

Masdar Airbus deal

Masdar and Airbus combine on aviation decarbonisation

Masdar will collaborate with Airbus on sustainable aviation fuels as the UAE clean energy giant and Europe’s largest airplane maker aim to decarbonise the industry. The companies have signed an agreement to work on green hydrogen and direct air capture technologies which, when combined, can produce synthetic sustainable aviation fuel (SAF). SAF remains limited in […]

UAE South Africa energy trade talks

UAE in position to plug South Africa’s energy crisis

Energy is likely to drive a new era in trade relations between the UAE and South Africa as the latter’s power supply crisis will dominate debate at next year’s general election. Experts say UAE energy powerhouses Masdar and Abu Dhabi National Oil Company (Adnoc) could be attracted to South Africa in light of the crippling […]

UAE finance minister Abdullah bin Touq Al Marri held talks with Moroccan officials including investment minister Mohcine Jazouli

UAE and Morocco form taskforce to double trade by 2030

The UAE and Morocco are aiming to double bilateral trade and investment volumes over the next seven years. The two countries are forming a taskforce to build on their AED3.6 billion ($991 million) non-oil foreign trade last year, which was up 16 percent from 2021 and more than two-thirds higher than 2020. The UAE is […]