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Sultan Al Jaber

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 […]

make it in the Emirates forum Al Jaber

UAE firms back ethos to ‘make it in the Emirates’

National companies have spent AED31 billion ($8.44 billion) in purchases from UAE-based manufacturers since the inaugural Make it in the Emirates forum last year. This is over a quarter of the figure targeted as part of a decade-long plan. Several companies committed to invest AED110 billion over the next 10 years to buy 300 products […]

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 […]

Lootah Biofuels CEO Yousif bin Saeed Lootah and Ahmed Saeed, CEO of Fenaka, at the deal signing

Lootah Biofuels turns gaze to Asia after Maldives deal

Lootah Biofuels has signed an agreement with state-owned Fenaka Corporation, a company serving the island communities of the Maldives, to establish its first biofuel plant outside the UAE. Lootah, which is based in Dubai, said the deal underscored its commitment to expand its reach internationally to meet long-term energy needs through clean alternatives. For the […]

Beijing-based AIIB to open first overseas office in UAE

Beijing-based multilateral funding agency Asian Infrastructure Investment Bank (AIIB) will open its first overseas office in the UAE as part of its expansion drive. AIIB and the UAE signed a host member agreement to officially open an interim operational hub at the Abu Dhabi Global Market. The UAE joined as a founding and permanent member […]

Masdar EDF deal

Masdar powers US ops with battery project stake

UAE clean energy firm Masdar has expanded its presence in the US renewables market with the acquisition of a 50 percent stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau in California comprises a 128mw photovoltaic solar plant and a 40mw/160 mwh battery energy storage system.  The […]


Abu Dhabi’s Borouge to pay $650m in dividends for 2022

Abu Dhabi-listed petrochemicals company Borouge will pay a final dividend of $650 million for 2022. The payout was approved by shareholders at the annual general meeting on Monday and will be distributed in April, state-owned WAM news agency reported. The Abu Dhabi Securities Exchange-listed company has confirmed dividends of $1.3 billion in 2023. Sultan bin […]

Masdar is looking east for growth with an investment in Indonesia’s Pertamina Geothermal Energy

Masdar enters geothermal market with stake in Indonesia business

Clean energy powerhouse Masdar has announced its first investment in the geothermal energy sector. The Abu Dhabi state-owned business has invested in Pertamina Geothermal Energy, based in Jakarta. PGE is one of the biggest companies in Indonesia’s geothermal energy sector, which is the second largest in the world (behind the US). Geothermal energy harnesses the […]

People, Person, Adult

Bahrain, Egypt, Jordan and UAE sign $2bn of industrial deals

Businesses from the UAE, Egypt, Jordan and Bahrain have signed industrial deals valued at more than $2 billion at a government-backed gathering in Amman. The meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development, held on Sunday, brought together CEOs and the industry ministers of the four countries. Twelve agreements were […]

The solar park will provide access to clean energy, create jobs and ensure economic growth, says Dr Sultan Ahmed Al Jaber

Masdar’s Baynouna solar park to help Jordan meet climate targets

The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has launched the 200-megawatt (MW) Baynouna Solar Park, the largest clean energy project in Jordan.  The solar park will contribute to Jordan’s climate targets, provide access to clean energy, create jobs […]

Sultan Al Jaber, Adnoc's group CEO, launched its plan to monetise assets more than four years ago

Adnoc Gas IPO tipped to break record for Abu Dhabi exchange

Adnoc’s listing of its gas business could take place as soon as this month – and become the largest IPO on the Abu Dhabi Securities Exchange, according to reports. The state-owned oil giant is looking at a valuation of at least $50 billion for Adnoc Gas, two sources close to the matter have told Reuters. […]


Masdar chief: Everyone is on board with climate change

Once viewed with scepticism, the discussion around climate change and securing a sustainable energy pathway to net zero has now become the accepted mainstream view, according to the CEO of Masdar. Founded 16 years ago, the UAE-owned renewable energy firm has a presence in 40 countries, with a capacity of 20gw, made up of operational […]

UAE’s Masdar to develop 4GW renewable projects in Azerbaijan

UAE’s renewable energy firm Masdar has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (Socar) for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, state-owned WAM news agency reported. The projects will have a total combined capacity of 4 gigawatts (GW). Sultan bin Ahmed […]

climate finance Al Jaber Cop28

Cop28 chief sets out UAE’s vision for climate finance

The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […]

Morocco solar

UAE and US allocate $20bn to fund 15GW renewable projects

The UAE and the United States said that the first $20 billion of their $100 billion clean energy partnership will fund 15 new gigawatts (GW) of renewable energy projects before 2035, state-own WAM news agency reported. The investments, led by the UAE’s renewable energy company Masdar and a consortium of US private investors, will be […]