The Big Picture

01 SOUTH AFRICA AMEA Power awarded $120m solar PV project in South Africa

AMEA Power has been awarded a 120MW solar photovoltaic (PV) project in South Africa as part of the Sixth Bid Submission Phase of the Renewable Energy Independent Power Producer Procurement (REIPPP) Program.

The Doornhoek PV Project will sell electricity to the state utility, Eskom, under a 20-year Power Purchase Agreement. AMEA Power is the majority shareholder in the US$120 million project and has partnered with a consortium wholly owned by African women, formed by Ziyanda Energy and Dzimuzwo Consulting.

04 SAUDI ARABIA SEC appoints WSP to support environmental ambitions

Saudi Electricity Company (SEC) has appointed WSP to support it in achieving compliance against local and international environmental regulations.

The consultancy will support the SEC’s environment and sustainability ambitions across two phases, and help it become an industry pioneer.

The utility giant has commissioned an environmental compliance programme covering all of its facilities in the Kingdom, driven by Vision 2030, which aims to protect and enhance the Kingdom’s environment.

02 SAUDI ARABIA Hassana Investment Company invests $2.4bn into DP World assets

Saudi Arabia’s Hassana Investment Company, an investment manager for the General Organisation for Social Insurance (GOSI) has invested approximately $2.4 billion in three of DP World’s flagship UAE assets. The investment will be carried out via a new joint venture with DP World, through which it will hold an economic interest with a stake of approximately 10.2% in the three assets. These investments imply a total enterprise value of approximately $23 billion for the key assets, which are: Jebel Ali Port, Free Zone and the National Industries Park.

05 UNITED ARAB EMIRATES DEWA begins construction of $12.5m Hatta Sustainable Waterfalls project

Construction work on the US$12.5 million Hatta Sustainable Waterfalls project has begun, Dubai Electricity and Water Authority has said.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, launched the project, which will be part of the entity’s social and investment responsibility to make Hatta a distinctive tourism destination.

The Hatta Sustainable Waterfalls project is inspired by the hexagonal beehive design since Hatta is famous as a global hub for high-quality honey.

03 SAUDI ARABIA ENGIE participates in largest-ever auction of carbon credits

ENGIE has participated in the largestever auction of carbon credits held during the Future Investment Initiative (FII), which was organised by the Regional Voluntary Carbon Market Company.

ENGIE said that its ENGIE GEMS entity traded a total of 483,100 carbon credits to the Regional Voluntary Carbon Market Company for the auction.

This was the largest single contribution to the 1.4 million carbon credits that were sold in the auction – which was the largestever auction of its kind. 15 Saudi and regional entities took part in the auction.

06 UNITED ARAB EMIRATES DAMAC Properties launches Ibiza residential cluster at Lagoons development

DAMAC Properties has announced the launch of the ‘Ibiza’ residential cluster within its DAMAC Lagoons master development in Dubai.

The latest addition to the Mediterranean-inspired community comes after the successful launch of Portofino, Venice, Malta, Nice, Santorini, Costa Brava, Marbella, and Monte Carlo.

The Ibiza cluster is based on the Spanish island known for its nightlife and beaches. It is built across a 45 million sqft area.

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07 UNITED ARAB EMIRATES GAJ appointed as lead architects for Serenia Living on Palm Jumeirah

Godwin Austen Johnson (GAJ) has said that it has been appointed by Palma Development as the lead architects for the new Serenia Living residential complex located on Dubai’s Palm Jumeirah.

The project will offer an array of 225 residences featuring a mix of two- three-, and four-bedroom units as well as half floor and full floor penthouses, across four buildings. Two of the towers will be dedicated to a collection of 22 penthouses and each building will be feature a one-off duplex Sky Mansion.

08 KAZAKHSTAN AD Ports Group signs JV deal with KMTF

AD Ports Group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture, 51% owned by AD Ports Group and 49% owned by KMTF, for offshore and shipping services for energy companies in the Caspian Sea.

The joint venture will look at investments opportunistically will offer a broad range of services.

The enterprise will tender for a number of identified projects with estimated maritime contract values of more than US$780 million.

09 JAPAN EGA to supply Kobe Steel with solar aluminium

Emirates Global Aluminium has agreed to supply CelestiAL solar aluminium to Kobe Steel to make automotive body sheet for Nissan.

The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan. Automotive body sheet is used by the giant Japanese automaker to form vehicle body panels such as doors and bonnets.

EGA has supplied thousands of tonnes of aluminium to Kobe Steel every year, for more than 25 years.