Abu Dhabi is set to double the representation of Chinese firms at this year's Abu Dhabi Sustainability Week (ADSW), as the oil producer looks to meet the displacement of oil with cleaner sources of energy in some of its largest markets for fossil fuel.
Opening on January 13, Chinese representation at the sustainability week, which brings together world leaders, policymakers, thought leaders, decision makers, experts, scientists, business leaders and academics, is set to almost double with some of China's top renewables firms represented at the week-long exhibition.
Six companies in the top 10 exhibitors at the event are Chinese, said a spokesman for ADSW, adding that the number of Chinese exhibitors totalled 37, up from 21 last year. Trina Solar, JA Solar, JinkoSolar, Longi Lerri, Canadian Solar, Yingli Solar and Suntech are among the Chinese companies represented at ADSW.
"Around 10,000 business meetings are being set up," the spokesman added, declining to add the number visitors registered to attend this year's event.
Last year's ADSW saw 38,000 attendees and more than 600 companies from 30 countries represented.
There has been growing strategic energy-focused partnerships between the UAE and China. In 2015 the two countries signed a memorandum of understanding, which included collaboration on research and development of renewable energy sources, while the UAE’s Mubadala Investment Company teamed up with China Development Bank Capital and China’s State Administration of Foreign Exchange to create a US$10 billion investment fund, which included renewable energy in its purview.
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Since then JinkoSolar has become one of two key partners for the development of Abu Dhabi Water and Electricity Authority’s flagship 1.17 gigawatt solar power plant in Sweihan, known as Noor Abu Dhabi. In September Shanghai Power was one of two successful bidders selected to build a 700 megawatt extension to the Mohammed bin Rashid Al Maktoum Solar Complex for the Dubai Electricity and Water Authority.
“We have seen the strategic UAE-China relationship grow from one in which China was a modest purchaser of oil, to now, the two countries have decided to partner in investing across the One Belt One Road region,” said Afshin Molavi, a co-director of the Emerge85 Lab at the Johns Hopkins School of Advanced International Studies, speaking ahead of his appearance at ADSW. “It's quite significant because that's strategic investing," he added.
The World Future Energy Summit, which will feature ministerial sessions and executive level panel sessions, will begin on January 15 and run for the rest of ADSW.
The five pillars of Islam
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
Zayed Sustainability Prize
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
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Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt
Date started: January 2017, app launched November 2017
Based: Dubai, UAE
Sector: Private/Retail/Leisure
Number of Employees: 18 employees, including full-time and flexible workers
Funding stage and size: Seed round completed Q4 2019 - $1m raised
Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels
Manchester City (0) v Liverpool (3)
Uefa Champions League, quarter-final, second leg
Where: Etihad Stadium
When: Tuesday, 10.45pm
Live on beIN Sports HD
ROUTE TO TITLE
Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2
Hamilton’s 2017
Australia - 2nd; China - 1st; Bahrain - 2nd; Russia - 4th; Spain - 1st; Monaco - 7th; Canada - 1st; Azerbaijan - 5th; Austria - 4th; Britain - 1st; Hungary - 4th; Belgium - 1st; Italy - 1st; Singapore - 1st; Malaysia - 2nd; Japan - 1st; United States - 1st; Mexico - 9th
BIRD BOX BARCELONA
Directors: David and Alex Pastor
Stars: Georgina Campbell, Mario Casas, Diego Calva
Rating: 2/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
THE TWIN BIO
Their favourite city: Dubai
Their favourite food: Khaleeji
Their favourite past-time : walking on the beach
Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll
Our Time Has Come
Alyssa Ayres, Oxford University Press
Company Profile
Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices
Padmaavat
Director: Sanjay Leela Bhansali
Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh
3.5/5