Reports and coverage MENA

Etisalat provides keyless locking solution for its customers

Etisalat has partnered with Yale Middle East, one of the oldest international brands in the locking industry, to offer smart locks, accessories and exclusive bundles, providing customers peace of mind and a keyless solution to the main door of their homes. 

UAE implements smart transformation to prove residency

No more residency stickers for foreigners residing in the UAE as of April 11, 2022, as the government-issued identity card — Emirates ID — would now contain details of a resident's visa status.

ACWA Power signs $900 million EPC contract for NEOM hydrogen project

Saudi-based ACWA Power Co. has signed a $900 million engineering, procurement and construction (EPC) contract for the NEOM green hydrogen project, according to a bourse filing.

The limited notice to proceed (LNTP) agreement will cover an in-Kingdom LNTP to proceed with the EPC contract between NEOM Green Hydrogen Company and Air Products Middle East Industrial Gases LTD and an out-of-Kingdom LNTP to proceed with the EPC contract between NEOM Green Hydrogen Company and Air Products Equipment limited.

The agreement also includes that the parent firm guarantee and coordinate deed for the LNTP in relation to the EPC contract between NEOM Co., ACWA Power, Air Products Saudi Arabia Investment Co., Air Products Equipment Ltd, Air Products Middle East Industrial Gases LLC, Air Products and Chemicals, Inc.

If the financial close could not be achieved and the project was dropped, the maximum aggregate exposure can reach up to $300 million.

The NEOM green hydrogen project is the world’s largest green ammonia project, with an expected capacity of 1.2 million tons per annum of green ammonia and will use over 4 gigawatts of combined renewable energy capacity to generate the power used for producing green hydrogen.

ACWA Power owns 33.3% of the NEOM Green Hydrogen Company, Air Products (33.3%) and NEOM Co. (33.4%)

Database to monitor energy and water consumption launched in UAE

Launched by the ministry of energy and infrastructure, the database is part of the initiatives of the national water and energy demand management programme, and will help gauge energy and water consumption in government buildings and identify buildings with the highest consumption rates to develop rationalisation programmes that help minimise consumption, carbon emissions and operating costs.

Sharif Al Olama, under-secretary of the ministry of energy and infrastructure for energy and petroleum affairs and head of the national water and energy demand management programme team, explained that the first phase of the project will cover all federal government buildings, as it will be linked with all concerned authorities to achieve integration and utilise data in developing rationalisation programmes for each entity.

He noted that the second phase of the project will be completed by the end of this year, and will contribute to achieving the goals of the UAE Energy Strategy 2050.

Meanwhile, Youssef Abdullah, assistant under-secretary for the federal infrastructure projects sector at the ministry and head of the technical committee for the buildings sector at the national water and energy demand management programme, said that the database is a major stride towards achieving the objectives of the national water and energy demand management programme.

Announced in July 2021, the national programme aims to boost efficiency by 40% across the three most energy-consuming sectors in the UAE: transport, industry and construction, as well as reducing water consumption in the agriculture and buildings sectors and expand water reuse by 95%.

‘NEOM is an accelerator of human progress’

In an exclusive interview with Energy Review, Thorsten Schwarz, executive director of Grid Technology & Projects, NEOM Energy & Water shares his views on NEOM’s energy sustainability and the need for collaboration and innovation at scale.

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