GLOBAL SUPPLY CHAIN FEBRUARY 2020 ISSUE

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WFES 2020

The World Future Energy Summit 2020 concludes successfully WFES 2020 hosted in Abu Dhabi, delivered extraordinary business success. There was strong growth in international attendance up 11% from the 2019 event and around 840 Global Brands represented.

T

he recently concluded World Future Energy Summit (WFES) 2020 has seen another year of success, with independent onsite research projecting that buyers attending the event will place orders worth billions of dollars within the next annual business cycle, offering the perfect business platform as the Middle East’s largest future energy and sustainability event. Further demonstrating Abu Dhabi’s position at the business crossroads between Europe, Asia and Africa, international attendee numbers grew by 11 percent compared with 2019, while the number of countries represented reached 125, up around 17 percent year-on-year. Attendance during the four days of the World Future Energy Summit is estimated at close to 34,000. Records of at least 27 memoranda of understanding (MoUs) were signed during the event, which hosted 227 international

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companies and 72 from the UAE, showcasing around 840 global brands.

including a very strong 155 percent increase in exhibitors from India.

Potential for renewable energy growth

Boost for CLIX

“This is a great result and shows once again that the market for renewable energy, and other sustainable technology, continues to expand,” said Grant Tuchten, Group Event Director, World Future Energy Summit. As the premier renewables and sustainability business platform in the Middle East, the 2020 edition attracted a strong contingent of GCC exhibitors, including Al Marafiq, Saudi Electricity Company (SEC), and Saudi Aramco from Saudi Arabia, as well as the GCC Interconnection Authority (GCCIA). This edition also demonstrated the World Future Energy Summit’s increasing importance to markets neighbouring the GCC, such as the sub-continent and Africa,

Start-ups also performed strongly at the World Future Energy Summit, with the event supporting new ideas through the Climate Innovation Exchange –CLIX, which matched entrepreneurs and investors to accelerate growth for innovative business concepts. A total of 50 start-ups exhibited this year, including 41 as part of CLIX. The World Future Energy Summit, first hosted by Masdar as part of Abu Dhabi Sustainability Week since 2008, is a global platform for accelerating the world’s sustainable development, is held annually at Abu Dhabi National Exhibition Centre (ADNEC). The next edition of the World Future Energy Summit will be held 18 to 21 January, 2021.


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