Quotes: US 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
 Sep 19 2014 - Iran slammed for Syria-Iraq chaosArab News
(MENAFN - Arab News) Leaders from various Arab countries participating in a conference entitled 'Arabian Gulf and Regional Challenges which concluded here on Wednesday urged nations to unify to help ...

 Sep 19 2014 - Doha doesn't back extremists: EmirArab News
(MENAFN - Arab News) BERLIN: Qatar's emir said in Germany on Wednesday that his state does not back 'terrorist organizations' and Chancellor Angela Merkel said she had no reason to doubt him.The ...

 Sep 19 2014 - Imaginative septuagenarian boats vehicle to tiny islandArab News
(MENAFN - Arab News) A 70-year-old man sailed across an 8-km span of sea with a truck on board two boats that were tied together.Ali Suhail took his Toyota Hilux from the Farasan Island to Qimah ...

 Sep 19 2014 - Forced evacuations as Philippine volcano spews lavaArab News
(MENAFN - Arab News) LEGAZPI Philippines: Lava cascaded down the Philippines' most active volcano on Wednesday as authorities rushed to evacuate thousands ahead of a possible deadly eruption.Mostly ...

 Sep 19 2014 - Blind Saudi sculptor to exhibit work in UKArab News
(MENAFN - Arab News) A student with a visual disability has been selected to exhibit her work at an international event in the United Kingdom.Zahra Al-Dhamen a Saudi media student at King Saud ...

 Sep 19 2014 - Saudi- Water levels rise due to heavy rain in AsirArab News
(MENAFN - Arab News) Heavy rainfall in the Asir region Tuesday evening covered a number of towns and population centers.The Civil Defense Department in Asir sent safety patrols to several locations ...

 Sep 19 2014 - Saudi- Big Madinah push for SMEsArab News
(MENAFN - Arab News) Madinah Gov. Prince Faisal bin Salman Monday launched a massive program to boost small and medium enterprises (SME) in the region as part of a plan to boost the national ...

 Sep 19 2014 - Saudi- Cop killer duo handed deathArab News
(MENAFN - Arab News) A court sentenced two terror suspects to death on Tuesday for jointly murdering a policeman and injuring 12 others in an armed confrontation with security men at the residential ...

 Sep 19 2014 - Changing Pakistan: Tardy MPs thrown off jetArab News
(MENAFN - Arab News) ISLAMABAD: Angry Pakistani passengers have forced two lawmakers off a plane for delaying its departure by almost two hours. A video covering the drama was posted online.Irate ...

 Sep 19 2014 - Saudi- Technology forum begins at KACSTArab News
(MENAFN - Arab News) The 3rd Advanced Technologies Forum 2014 kicked off on Tuesday at the King Abdulaziz City for Science & Technology (KACST) under the patronage of Custodian of the Two Holy ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help