Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Kingdom UAE to jointly develop renewable energy  Join our daily free Newsletter

MENAFN - Arab News - 17/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi arabia and the uae will cooperate to develop renewable energy and clean technology in the region.

the decision which comes at a time of increasing interest in renewable across the region lays down a framework to jointly invest in clean energy projects and green technology investment funds. it will also create opportunities for collaboration on research and development of advanced clean energy technologies including solar wind and water.

abu dhabi-owned masdar and the king abdullah city for atomic and renewable energy (kacare) signed an accord on monday to join together to advance the development of renewable energy and clean technology.

hashim bin abdullah yamani president of kacare and sultan ahmed al-jaber chairman of masdar signed the agreement in the presence of general sheikh mohamed bin zayed al nahyan crown prince of abu dhabi and deputy supreme commander of the uae armed forces.

sheikh mohamed bin zayed al nahyan hailed the pact and its important role in adding to the strong historic and strategic relationship between two countries.

"increased cooperation among gcc countries is crucial to advancing security stability and sustainable growth throughout the region" sheikh mohamed bin zayed added.

through the agreement yamani said that the king abdullah city for atomic and renewable energy aims to diversify saudi arabia's energy sources.

"we are delighted to sign this agreement with masdar that has a proven track record and demonstrated credible achievements during the last eight years in this emerging sector. as regards renewable energy solutions approach grid parity we are confident our combined efforts will contribute to the implementation of renewable energy projects in the region and around the world" yamani said.

the king abdullah city for atomic and renewable energy was established in 2010 with the aim of diversifying saudi arabia's energy sources to include nuclear and renewable.

"energy is fundamental to all economic and social development. the enhanced cooperation between masdar and kacare will contribute to extending the region's energy leadership" al-jaber said.

"masdar shares many strategic objectives with kacare. the uae is a pioneer in deploying renewable energy and is also a major contributor to the international deployment of clean energy.

"by sharing our knowledge and experience with kacare we believe that together we can further advance the use of renewables and ensure our long term economic and energy security" al-jaber added.


 


Arab News




  MENA News Headlines
 Apr 28 2015 - Qatar- HH the Emir Congratulates Sudanese PresidentQatar News Agency
(MENAFN - Qatar News Agency) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Monday sent a cable of congratulations to President Omar al-Bashir on the occasion of his re-election as president of the ...

 Apr 28 2015 - Saud Al-Haqbani crowned with title of American International Challenge Tournament for TennisSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi team tennis captain under 14 years old player Saud Al-Haqbani was crowned with the title of The International Challenge Tournament, which concluded its ...

 Apr 28 2015 - Saudi- NAUSS Organizes 'Care and Counseling Role Facing Takfiri Thought' ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) The Scientific Forum on 'Care and Counseling's Role in Facing Takfiri Thought' started its works, whereas it is being organized by the Faculty of Social and ...

 Apr 28 2015 - EGP 1.6tn deposits in banks: NBE chairmanDaily News Egypt
(MENAFN - Daily News Egypt) The total deposits in the banking sector amounted EGP 1.6tn, and the funding size increased to EGP 640m, Hisham Okasha, chairman of the National Bank of Egypt (NBE) ...

 Apr 28 2015 - Palestinian youth dies of injuries in JeninJordan News Agency
(MENAFN - Jordan News Agency) A young Palestinian succumbed Tuesday to wounds sustained during clashes with Israeli forces late on Monday in al-Araqa village in western Jenin.Palestinian sources said ...

 Apr 28 2015 - Capital market sheds EGP 7bnDaily News Egypt
(MENAFN - Daily News Egypt) The series of losses for the Egyptian Stock Exchange (EGC) continued for the second consecutive trading day, with the market losing some EGP 7bn. The preceding day the ...

 Apr 28 2015 - Hyundai Verna most sold car in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) The Hyundai Verna was the most sold car in Egypt in January and February after achieving sales of EGP 338m. More than 4,000 cars were sold.The Verna is considered the ...

 Apr 28 2015 - Political situation in Arab world reflects negatively on job opportunities: ministerJordan News Agency
(MENAFN - Jordan News Agency) Labor Minister Nidal Qatamin said that the political situation in Arab countries, especially those that witnessed the so-called Arab Spring and which caused the economic ...

 Apr 28 2015 - Syria Bands Rock Beirut Music SceneArab Times
(MENAFN - Arab Times) Syrian rock bands fleeing war are finding safety and new fans in neighbouring Lebanon, where they are revitalising a Westernised scene with their focus on Arabic musical ...

 Apr 28 2015 - Egypt- Qalaa Holdings hires CI Capital to exit Tanmeyah firmDaily News Egypt
(MENAFN - Daily News Egypt) EGX listed Qalaa Holding has assigned CI Capital as advisor on the possibility of fully exiting its investments in Tanmeyah Micro Enterprise Services, the company ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help